Equity Residential reports recurring developments tied to its ownership and management of apartment communities in dynamic U.S. metro areas, with a primary concentration in major coastal markets and a targeted presence in Atlanta, Austin, Dallas/Ft. Worth and Denver. Its announcements commonly cover quarterly operating results, same-store revenue, expenses and net operating income, occupancy, resident retention and market commentary for areas such as San Francisco and New York.
Updates also include common and Series K preferred share dividends, annual dividend tax treatment, annual meeting dates, investor presentations and real estate conference participation. The company’s releases often discuss rental-housing demand, new apartment supply, portfolio activity and capital allocation within its multifamily housing business.
Equity Residential (NYSE: EQR) has scheduled its first quarter 2025 earnings announcement. The company will release its Q1 2025 operating results on Tuesday, April 29, 2025 after market close. A conference call to discuss the results will be held the following day, Wednesday, April 30, 2025 at 10:00 am Central time. Investors can access the conference call webcast through the Investor section of the company's website at www.equityapartments.com.
Equity Residential (NYSE: EQR) has announced a quarterly dividend increase, demonstrating strong financial performance. The company will pay a regular common share dividend of $0.6925 per share for the first quarter, payable on April 17, 2025, to shareholders of record on March 31, 2025.
The new annualized dividend of $2.77 per share represents a 2.6% increase over the Company's 2024 common share dividend. Additionally, a quarterly dividend of $1.03625 per share will be paid on March 31, 2025, to Series K Preferred Shares holders of record on March 21, 2025.
The company also announced its 2025 Annual Meeting of Shareholders, scheduled for June 26, 2025, at 8:00 a.m. CT. Shareholders of record as of March 31, 2025, will be eligible to vote at the meeting.
Equity Residential (NYSE: EQR) has announced it will host an Investor Day on Tuesday, February 25, 2025. The event will feature presentations from the company's management team focusing on three key areas:
- Portfolio optimization strategy and positive trends driving multifamily demand and supply in Equity Residential's markets
- Best-in-class operating platform and focus on innovation
- Well-positioned balance sheet to support growth
The Investor Day will begin at 1:00 PM ET and will be accessible via a live audio webcast. Both the webcast link and presentation slides will be made available on the Investors page of the company's website at www.equityapartments.com.
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.