Equity Residential (N:EQR)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Equity Residential Two North Riverside Plaza, Suite 400 CHICAGO IL 60606 |
| Tel: | 1-888-8796356 |
| Website: | https://www.equityapartments.com |
| IR: | See website |
| Key People | ||
| Mark J. Parrell President, Chief Executive Officer, Trustee | Robert A. Garechana Chief Financial Officer, Executive Vice President | Michael L. Manelis Chief Operating Officer, Executive Vice President |
| Catherine M. Carraway Chief Human Resource Officer, Executive Vice President | Alexander E. Brackenridge Executive Vice President, Chief Investment Officer | Scott J. Fenster Executive Vice President, General Counsel, Corporate Secretary | Barry S. Altshuler Executive Vice President - Investments |
| Business Overview |
| Equity Residential is a real estate investment trust. The Company is focused on the acquisition, development and management of residential properties located in and around cities. The Company's primary business is the acquisition, development, and management of multifamily residential properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The Company owns and operates rental apartment properties, with a presence in Boston, New York, Washington, D.C., Southern California, including Los Angeles, Orange County and San Diego), San Francisco and Seattle, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin. The Company owns 302 properties located in 10 states and the District of Columbia consisting of 80,191 apartment units. ERP Operating Limited Partnership (ERPOP) conducts the multifamily residential property business of Equity Residential. |
| Financial Overview |
| For the three months ended 31 March 2024, Equity Residential revenues increased 4% to $730.8M. Net income applicable to common stockholders increased 39% to $293.8M. Revenues reflect Same Store segment increase of 5% to $716.7M, NAREIT FFO - Per Share - Basic - Total increase of 2% to $0.87, NAREIT FFO - Per Share - Diluted - Total increase of 2% to $0.87. Net income benefited from Net Operating Income (NOI), Total increase of 6% to $487.3M. |
| Employees: | 2,400 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $32,160M as of Mar 31, 2024 |
| Annual revenue (TTM): | $2,900M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,775M as of Mar 31, 2024 |
| Net annual income (TTM): | $914.88M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$198.37M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $7,165M as of Mar 31, 2024 |
| Shares outstanding: | 378,971,999 as of Apr 25, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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