Equity Residential - EQR STOCK NEWS

Equity Residential (NYSE: EQR) is set to release its Q1 2021 operating results on April 27, 2021, after market close. A conference call is scheduled for April 28, 2021, at 10:00 am Central, to discuss these results. Investors can access the call via webcast on the company's investor relations website. Equity Residential is a member of the S&P 500, owning or investing in 304 properties with 77,889 apartment units in major cities including Boston, New York, and San Francisco, focused on high-quality long-term renters.

Equity Residential (EQR) declared quarterly dividends for its common and preferred shares. The common share dividend is set at $0.6025 per share, payable on April 9, 2021, to shareholders of record by March 29, 2021. Additionally, a dividend of $1.03625 per share for Series K Preferred Shares will be paid on March 31, 2021, to record holders on March 19, 2021. The Company’s Annual Meeting of Shareholders is scheduled for June 17, 2021, allowing eligible voters to participate.

Equity Residential (NYSE: EQR) announced that its senior management, including President and CEO Mark J. Parrell, will participate in a roundtable discussion at the 2021 Citi Global Property CEO Conference on March 10 at 9:00 a.m. ET. This event will be available via live webcast. Equity Residential focuses on acquiring, developing, and managing residential properties in major cities, owning or having investments in 304 properties with 77,889 apartment units in key locations like Boston, New York, and San Francisco. For more details, visit www.equityapartments.com.

Equity Residential (NYSE: EQR) reported positive trends in its Residential operations for February 2021. The company experienced increased demand, with more Move Ins than Move Outs, resulting in a Physical Occupancy of 95.3%, up from 94.4% in December 2020. Additionally, leasing concessions have decreased, and rental rates showed improvement, with the February blended rate at (11.5%). The renewal rate reached 54%. The data indicates strong demand in apartment units despite ongoing challenges from the COVID-19 pandemic.

Equity Residential (EQR) announced its Q4 2020 results, showing a decline in earnings per share (EPS) to $0.68, down 11.7% from Q4 2019. Funds from Operations (FFO) per share also decreased by 15.1% to $0.73. For the full year, EPS fell 5.8% to $2.45, while FFO decreased by 5.3%. However, the company reported a 0.9% increase in same-store physical occupancy and collected approximately 97% of expected residential revenues. Looking ahead, EQR projects improved financial results in 2021, with guidance for EPS between $2.55 and $2.75.

Equity Residential (EQR) will announce its Q4 2020 operating results on February 10, 2021, after market close. A conference call to discuss the results will take place on February 11, 2021, at 10:00 am Central. The call can be accessed via webcast on the company's investor website. Equity Residential, a member of the S&P 500, focuses on acquiring, developing, and managing rental apartment properties in urban areas, owning 304 properties with 77,889 apartment units across major U.S. cities.

Equity Residential (EQR) has successfully sold Vantage Pointe, a 679-unit apartment property in San Diego, for approximately $312.5 million. This transaction results in a Disposition Yield of 4.1% and an Unlevered IRR of 8.8% over the ten-year ownership period. The proceeds will address its 2021 debt maturities, specifically $750 million in unsecured notes due in December 2021, incurring around $39.1 million in debt extinguishment charges. Despite these charges affecting Earnings Per Share, they will not impact Normalized Funds from Operations.

Equity Residential (NYSE: EQR) announced its Board of Trustees declared dividends on common and preferred shares. A common share dividend of $0.6025 per share will be distributed on January 15, 2021, to shareholders recorded by January 4, 2021. Additionally, a $1.03625 preferred share dividend will be issued on December 31, 2020, to Series K shareholders recorded by December 21, 2020. Equity Residential owns 305 properties, totaling 78,568 apartment units across key U.S. cities.

Equity Residential (NYSE: EQR) has announced the appointment of Angela Aman to its Board of Trustees until the next annual meeting of shareholders. Aman, currently CFO of Brixmor Property Group, brings extensive financial expertise and has previously held CFO roles at two other retail property firms. Her appointment underscores the company's commitment to board refreshment, with Aman being the fourth new Trustee in three years. Equity Residential operates 305 properties with 78,568 apartment units across major U.S. cities, focusing on high-quality long-term rentals.