Headquartered in Chicago, IL Fiscal year ends December NYSE: VMRK vivmarkresidential.com
Equity Residential is a member of the S&P 500 that owns and manages 312 rental properties consisting of 85,520 apartment units across dynamic metro areas in the United States. The company has a primary concentration in major coastal markets including Los Angeles, San Francisco, New York, Washington D.C., Boston, and Seattle, diversified by a targeted presence in high-growth metro areas of Atlanta, Dallas/Austin, and Denver. The company has announced a definitive all-stock merger of equals with AvalonBay Communities that would create a combined entity with more than 180,000 rental apartments and a pro forma equity market capitalization of approximately $53 billion. Residential operations account for more than 96% of total revenues. The company maintains a $2.5 billion unsecured revolving credit facility and a $1.5 billion commercial paper program to support its liquidity needs. Updated
The three-year supply glut that crushed apartment rents is finally fading, but not every landlord stands to benefit equally. Four REITs are positioned differently by geography, leverage, and dividend room as the…
Equity Residential is a member of the S&P 500 that owns and manages 312 rental properties consisting of 85,520 apartment units across dynamic metro areas in the United States.
The Wall Street consensus 12-month price target for VMRK is $73.44.
