Equity Residential (EQR:NYSE)
Snapshot of Equity Residential (EQR)
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OPEN
$32.43
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PREVIOUS CLOSE
$31.95
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DAY HIGH
$32.74
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DAY LOW
$32.23
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52 WEEK HIGH
12/9/08 - $34.91
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52 WEEK LOW
03/6/09 - $15.68
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MARKET CAP
9.0B
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AVERAGE VOLUME 3 mo
3.6M
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DILUTED EPS TTM
$-0.13
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SHARES OUTSTANDING
276.1M
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EX-DATE
09/17/09
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P/E TTM
NM
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DIVIDEND
$1.35
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DIVIDEND YIELD
4.15%
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| K = Thousands M = Millions B = Billions | ||
EQR Details
Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States. As of December 31, 2007, it owned and invested in 579 properties in 24 states and the District of Columbia consisting of 152,821 units. The company qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Equity Residential was founded in 1966 and is headquartered in Chicago, Illinois.
EQR Top Compensated Officers
Key developments for Equity Residential (EQR)
Equity Residential reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported total revenues of $492,757,000 compared to $511,006,000 for the same period a year ago. Operating income was $133,096,000 compared to $148,175,000 for the same period a year ago. Income from continuing operations was $12,824,000 or $0.03 diluted per share compared to $26,094,000 or $0.08 diluted per share for the same period a year ago. Net income available to Common Shares was $132,362,000 or $0.48 diluted per share compared to $172,246,000 or $0.63 diluted per share for the same period a year ago. FFO available to Common Shares was $154,436,000 or $0.53 diluted per share compared to $186,590,000 or $0.64 diluted per share for the same period a year ago. For the nine months, the company reported total revenues of $1,479,311,000 compared to $1,493,211,000 for the same period a year ago. Operating income was $400,768,000 compared to $433,409,000 for the same period a year ago. Income from continuing operations was $45,195,000 or $0.12 diluted per share compared to $70,787,000 or $0.20 diluted per share for the same period a year ago. Net income available to Common Shares was $306,122,000 or $1.12 diluted per share compared to $433,361,000 or $1.59 diluted per share for the same period a year ago. FFO available to Common Shares was $489,183,000 or $1.69 diluted per share compared to $539,773,000 or $1.86 diluted per share for the same period a year ago. The company has established an FFO guidance range of $0.49 to $0.53 per share for the fourth quarter of 2009. The difference between the company's actual third quarter FFO of $0.53 per share and the midpoint of the range for the fourth quarter is primarily due to lower total property NOI expected in the fourth quarter of 2009 as compared to the third quarter of 2009. For the full year 2009, the company revised FFO per share from $2.10 to $2.20 to $2.18 to $2.22 and revenue change from (3.5%) to (3.0%) to (3.0%).
Equity Residential announced that they will report Q4, 2009 results on February 03, 2010.
Equity Residential, Q4 2009 Earnings Call, Feb-04 2010
Stock Quotes
| Recently Viewed | |||
| EQR | $32.49 USD | +0.54 |  |
|---|---|---|---|
| SCOR | $16.95 USD | +0.91 |  |
| ALIF | $1.05 USD | 0.00 |  |
| WTB (GB) | 1,295.00 GBX | +15.00 |  |
| NEM | $54.49 USD | +2.23 |  |
Market data is delayed at least 20 minutes.
EQR Competitors
| Company | Last | Change | |
| No competitor information is available for EQR. | |||
| View Industry Companies | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | EQR | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 4.2x |
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| Price/Book | 1.9x |
Not meaningful
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| Price/Cash Flow | 9.7x |
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| TEV/Sales | NM | Not Meaningful |
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EQR |
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EQR transactions
| Type Date |
Target |
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Merger/Acquisition
October 30, 2009 |
Metropolitan at Pentagon Row |
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Merger/Acquisition
October 29, 2009 |
Saddle Creek Apartments |
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Merger/Acquisition
June 25, 2009 |
Vista del Lago Apartments in Dallas |
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