Equity Residential (N:EQR)

Business Focus: Residential REITs

Sector:  Financials Industry:  Residential REITs
See Regulatory Filings on SEC
Company Contact
Address: 2 N Riverside Plz Ste 400
CHICAGO IL 60606-2624
Tel: 1-888-8796356
Website: www.equityapartments.com
IR: See website
Key People
Samuel F. Zell
Chairman of the Board of Trustees
Alexander Brackenridge
Executive Vice President ' Investments
Mark J. Parrell
President, Chief Executive Officer, Trustee
Gerald A. Spector
Independent Vice Chairman of the Board of Trustee
Robert A. Garechana
Chief Financial Officer, Executive Vice President
Michael L. Manelis
Chief Operating Officer, Executive Vice President
Alan W. George
Executive Vice President, Chief Investment Officer
Scott J. Fenster
Executive Vice President, General Counsel, Corporate Secretary
Christa L. Sorenson
Executive Vice President of Human Resources
Barry S. Altshuler
Executive Vice President - Investments
Business Overview
Equity Residential is a real estate investment trust. The Company's primary business is the acquisition, development and management of multifamily residential properties. Its segments include Boston, New York, Washington D.C., Southern California, San Francisco, Seattle and Other Markets. Southern California includes Los Angeles, San Diego and Orange County. Other Markets includes Phoenix. It is engaged in leasing of apartment units to residents. It focuses on rental apartment properties in urban and high-density suburban coastal gateway markets. As of December 31, 2016, the Company owned 302 properties located in 10 states and the District of Columbia consisting of 77,458 apartment units. The Company's projects include The Alton, 455 Eye Street, 855 Brannan, Cascade, One Henry Adams, 340 Fremont and Vista 99. ERP Operating Limited Partnership (ERPOP) conducts the multifamily residential property business of Equity Residential.
Financial Overview
For the fiscal year ended 31 December 2018, Equity Residential revenues increased 4% to $2.58B. Net income applicable to common stockholders increased 9% to $654.4M. Revenues reflect Same Store segment increase of 5% to $2.36B. Net income benefited from Same Store segment income increase of 4% to $1.66B, Net Operating Income (NOI) increase of 33% to $132.9M. Dividend per share increased from $2.02 to $2.12.
Employees: 2,700 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $36,538M as of Dec 31, 2018
Annual revenue (TTM): $2,578M as of Dec 31, 2018
EBITDA (TTM): $1,691M as of Dec 31, 2018
Net annual income (TTM): $654.45M as of Dec 31, 2018
Free cash flow (TTM): -$485.22M as of Dec 31, 2018
Net Debt Last Fiscal Year: $8,770M as of Dec 31, 2018
Shares outstanding: 369,933,743 as of Feb 15, 2019
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization