Stock Data
$0.17 (0.25%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
REAL ESTATE
Industry
REIT - RESIDENTIAL
Equity Residential Properties Trust specializes in creating vibrant living spaces in sought-after urban areas. With a portfolio of 305 properties and over 80,000 apartment units, they focus on attracting affluent renters seeking long-term leases. Their properties span major U.S. cities including Boston, New York, Washington, D.C., Seattle, San Francisco, and Southern California, with growing markets in Denver, Atlanta, Dallas/Ft. Worth, and Austin. As a recognized member of the S&P 500, Equity Residential is dedicated to the development, acquisition, and management of premium residential communities.
AvalonBay beat Q2 earnings and raised its same-store outlook on stronger rental demand, but shelved full-year guidance as shareholders prepare to vote on an all-stock merger with Equity Residential that would create a $71 billion rental housing giant with 180,000 apartments.
Equity Residential missed both earnings and revenue in Q2 but raised full-year same-store guidance as it barrels toward a $53 billion all-stock merger with AvalonBay that shareholders vote on August 12. Normalized funds from operations per share rose 3%, occupancy held firm at 96.2%, and San Francisco led regional growth at 7%.
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