Welcome to our dedicated page for Equity Residential news (Ticker: EQR), a resource for investors and traders seeking the latest updates and insights on Equity Residential stock.
Equity Residential (EQR), a proud member of the S&P 500, is dedicated to fostering communities where residents can thrive. Specializing in the acquisition, development, and management of high-quality residential properties, Equity Residential has a significant presence in key metropolitan areas that attract long-term renters.
The company owns or has investments in 305 properties, encompassing 78,568 apartment units situated in vibrant cities such as Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California, and Denver. As part of its growth initiative, Equity Residential is also developing two additional properties with a total of 537 units.
Equity Residential focuses on owning and managing large, high-quality properties within the urban and suburban submarkets of these dynamic regions. Their portfolio includes 302 apartment communities with approximately 80,000 units. The company's strategic locations and quality properties ensure they remain a top choice for residents seeking urban living in prime locations.
Financially stable and continually evolving, Equity Residential prides itself on its consistent performance and robust portfolio. The company remains committed to enhancing its communities and delivering exceptional living experiences to residents. With a focus on sustainability and modern amenities, Equity Residential continues to be a leader in the residential property market.
Equity Residential (NYSE: EQR) reported its Q4 2024 results with mixed performance metrics. The company's Q4 EPS increased 34.1% to $1.10, while FFO per share decreased 3.0% to $0.97. For the full year 2024, same store revenues grew 3.0%, with NOI increasing 3.1%.
During Q4 2024, EQR acquired three properties (795 units) for $274.3M and sold seven properties (1,629 units) for $610.1M. The company provided 2025 guidance projecting same store revenue growth between 2.25% and 3.25%, with NOI growth expected between 1.4% and 3.0%.
The Board approved a 2.6% increase in the 2025 annual dividend to $2.77 per share. For 2025, EQR expects to execute $1.5B in acquisitions and $1.0B in dispositions. The company anticipates Normalized FFO per share of $3.90 to $4.00 for 2025, compared to $3.89 in 2024.
Equity Residential (NYSE: EQR) has disclosed the tax treatment of its 2024 dividend distributions. For common shares, the total distribution of $2.687500 per share consists of $1.530947 in ordinary dividends and $1.156553 in capital gain distributions. The company paid quarterly dividends of $0.6625 (Q1) and $0.675 (Q2-Q4).
For Series K preferred shares, the total distribution of $4.145000 per share includes $2.361220 in ordinary dividends and $1.783780 in capital gain distributions, paid in four equal installments of $1.036250. The company reported no foreign taxes for 2024 and provided additional disclosures for Section 1061 purposes regarding one-year and three-year amounts for both common and preferred shares.
Equity Residential (NYSE: EQR) has announced its schedule for releasing fourth quarter 2024 operating results. The company will disclose its results on Monday, February 3, 2025, after the market closes. Following the release, a conference call will be held on Tuesday, February 4, 2025, at 10:00 am Central time to discuss the results. Investors can access the conference call via webcast through the Investor section of the company's website at www.equityapartments.com.
Equity Residential (NYSE: EQR) has achieved a significant milestone by becoming the first residential REIT to be included in both the Dow Jones Sustainability World and North America Indices. This prestigious recognition places EQR among only four U.S. REITs featured in both indices, which are compiled by S&P Global through its Corporate Sustainability Assessment to identify global sustainability leaders.
The company's commitment to sustainability was further validated by receiving Nareit's 2024 Residential Sector Leader in the Light award. According to Kyle Hendricks, EQR's Vice President and Head of Sustainability, this recognition reflects their dedication to creating a sustainable company that generates long-term value for shareholders and communities.
Equity Residential (NYSE: EQR) has announced its fourth quarter dividend distributions. The company will pay a regular common share dividend of $0.675 per share on January 17, 2025, to shareholders of record on January 2, 2025. Additionally, holders of Series K Preferred Shares will receive a quarterly dividend of $1.03625 per share on December 31, 2024, with a record date of December 20, 2024.
Equity Residential (NYSE: EQR) has been awarded Nareit's 2024 Leader in the Light Award for the Residential sector, marking its fourth time receiving this recognition. The award acknowledges REITs that excel in implementing sustainable and socially responsible investment practices, good governance, and transparency. The company recently published its 11th annual Corporate Responsibility report, outlining its strategies for sustainability, employee development, customer engagement, community service, and governance.
Equity Residential (NYSE: EQR) reported Q3 2024 results with mixed performance metrics. Same store revenue increased 2.7% year-over-year, driven by strong demand across markets. The company's Normalized FFO per share rose to $0.98, up 2.1% from Q3 2023. During the quarter, EQR acquired 14 properties with 4,418 apartment units for $1.26 billion at a 5.1% cap rate in Atlanta, Dallas/Ft. Worth, and Denver. The company issued $600 million in 10-year notes at 4.65%, the lowest rate for a REIT since 2022. Physical occupancy remained strong at 96.1%, though new lease rates showed some weakness, particularly in Los Angeles and Expansion Markets.
Equity Residential (NYSE: EQR) has published its 2024 Corporate Responsibility report, marking its 11th annual publication. The report highlights the company's progress in sustainability, employee development, and governance initiatives. Key achievements include advancing towards energy, emissions, and water reduction goals, maintaining alignment with Science-Based Targets, and receiving an A- rating in the 2023 CDP Climate Change assessment. The company scored in the 92nd percentile in the 2023 S&P Global Corporate Sustainability Assessment and was recognized among America's Most Responsible Companies by Newsweek for the fifth consecutive year. EQR also received Industry Top Rated and Regional Top Rated designations from Sustainalytics in 2024.
Equity Residential (NYSE: EQR) has announced the release date for its third quarter 2024 operating results. The company will disclose its financial performance on Wednesday, October 30, 2024, after the market closes. Following the release, Equity Residential will host a conference call to discuss the results on Thursday, October 31, 2024, at 10:30 a.m. Central. Investors and interested parties can access the conference call via a web cast available on the Investor section of the company's website at www.equityapartments.com.
Equity Residential (NYSE: EQR) has announced its third quarter dividends for 2024. The company's Board of Trustees has declared a regular common share dividend of $0.675 per share, payable on October 11, 2024, to shareholders of record as of September 24, 2024. Additionally, holders of the company's Series K Preferred Shares will receive a quarterly dividend of $1.03625 per share, to be paid on September 30, 2024, to shareholders of record as of September 20, 2024. This announcement demonstrates Equity Residential's commitment to providing consistent returns to its shareholders.
FAQ
What is the current stock price of Equity Residential (EQR)?
What is the market cap of Equity Residential (EQR)?
What does Equity Residential do?
Where are Equity Residential's properties located?
How many properties does Equity Residential own?
How many apartment units does Equity Residential manage?
Is Equity Residential part of any major stock index?
What types of properties does Equity Residential focus on?
What are the latest developments by Equity Residential?
How does Equity Residential ensure high-quality living experiences?
What makes Equity Residential unique in the real estate market?
How can I stay updated with the latest news from Equity Residential?
