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 (NYSE: EQR) generates a steady flow of news related to its multifamily real estate operations, financial performance and corporate responsibility initiatives. As a member of the S&P 500 focused on the acquisition, development and management of rental apartment communities in and around dynamic cities, the company regularly issues updates that are relevant to investors following the U.S. residential real estate market.
News items for Equity Residential frequently include quarterly earnings releases that detail rental income, same store revenues and expenses, Net Operating Income (NOI), Funds from Operations (FFO) per share and Normalized FFO per share. The company also announces guidance for same store operating performance, physical occupancy and key per-share metrics, along with commentary on operating fundamentals across its markets.
In addition to earnings, Equity Residential’s news covers portfolio activity such as acquisitions of apartment properties, dispositions of selected assets and the completion of development projects in markets including San Francisco, Denver, New York and Atlanta. The company also reports on capital markets actions, including unsecured note issuances and share repurchases, as well as regular quarterly dividends on its common and preferred shares.
Corporate responsibility is another recurring theme in Equity Residential’s news. The company publishes a Corporate Responsibility report describing its strategies around sustainability, employee development, customer engagement, community service and governance, and it highlights recognitions from sustainability and responsible business indices and rankings. Investors and observers can use this news stream to monitor Equity Residential’s operating trends, portfolio evolution, capital allocation and non-financial initiatives over time.
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.
Equity Residential (NYSE: EQR), a prominent real estate company, has announced its participation in the Bank of America Securities 2024 Global Real Estate Conference. The company's President and CEO, Mark J. Parrell, will be part of a roundtable discussion scheduled for Wednesday, September 11 at 1:30 p.m. ET.
The event will be web cast live, with a link available on the company's website under the Presentations section of the Investor area. Additionally, Equity Residential released an operating update on September 4, 2024, which can be accessed in the Press Releases section of their website's Investor area.
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