Last $65.19 USD
Change Today +0.49 / 0.76%
Volume 1.1M
EQR On Other Exchanges
Symbol
Exchange
New York
As of 4:15 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

equity residential (EQR) Snapshot

Open
$64.95
Previous Close
$64.70
Day High
$65.36
Day Low
$64.79
52 Week High
07/22/14 - $65.36
52 Week Low
11/26/13 - $50.08
Market Cap
23.5B
Average Volume 10 Days
1.6M
EPS TTM
$0.17
Shares Outstanding
361.2M
EX-Date
06/19/14
P/E TM
377.0x
Dividend
$2.00
Dividend Yield
3.14%
Current Stock Chart for EQUITY RESIDENTIAL (EQR)

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equity residential (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.

3,600 Employees
Last Reported Date: 05/8/14
Founded in 1966

equity residential (EQR) Top Compensated Officers

Chief Executive Officer, President, Trustee a...
Total Annual Compensation: $900.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $600.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $600.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

equity residential (EQR) Key Developments

Equity Residential Presents at Second Annual New York Summer Apartment Summit, Jun-26-2014

Equity Residential Presents at Second Annual New York Summer Apartment Summit, Jun-26-2014 . Venue: The Loeb Boathouse Central Park, East 72nd Street and Park Drive North, New York, New York, United States. Speakers: James K. von Albade, Vice President -- Investments.

Equity Residential Declares Second Quarter Dividends on Common Shares and Preferred Shares, Payable on July 11, 2014 and June 30, 2014, Respectively

Equity Residential announced that its Board of Trustees declared dividends on the company's common and preferred shares. A common share dividend for the second quarter of $0.50 per share will be paid on July 11, 2014 to shareholders of record on June 23, 2014. A quarterly dividend of $1.03625 per share will be paid on June 30, 2014 to shareholders of record on June 20, 2014 of the company's Series K Preferred Shares.

Equity Residential Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for Second Quarter of 2014; Provides Capital Expenditures Guidance for Full Year of 2014

Equity Residential reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company has posted total revenues of $633,442,000 against $504,722,000 a year ago. Operating income was $199,252,000 against $104,246,000 a year ago. Income from continuing operations was $1,698,000 against loss from continuing operations of $165,339,000 a year ago. Net income available to Common Shares was $78,099,000 or $0.22 per basic and diluted share against $1,016,650,000 or $3.01 per basic and diluted share a year ago. The difference is due primarily to approximately $1.2 billion in higher gains on property sales in the first quarter of 2013, partially offset by higher depreciation expense in the first quarter of 2013 as a result of the Archstone acquisition as well as the expenses and prepayment penalties incurred in connection with the Archstone acquisition. Normalized FFO of $0.71 per share compared to $0.64 per share in the same period of 2013. The difference is due primarily to the expenses and prepayment penalties the company incurred in the first quarter of 2013 in connection with the Archstone acquisition, along with the items described below. FFO available to Common Shares was $265,635, 000 against $79,108,000 a year ago. FFO basic and diluted per share and unit was $0.71 against $0.22 a year ago. Normalized FFO available to common shares and Units was $265,655,000 against $226,169,000 a year ago. Total Apartment Units - Excludes 1,669 unconsolidated apartment units and 5,059 military housing apartment units for which repairs and maintenance expenses and capital expenditures to real estate are self-funded and do not consolidate into the company's results. The company provided earnings guidance for second quarter of 2014. The company has established a Normalized FFO guidance range of $0.74 to $0.78 per share for the second quarter of 2014. The company provided capital expenditures guidance for full year of 2014. For 2014, the company estimates that it will spend approximately $1,700 per apartment unit of capital expenditures, inclusive of apartment unit renovation/rehab costs, or $1,250 per apartment unit excluding apartment unit renovation/rehab costs.

 

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Industry Analysis

EQR

Industry Average

Valuation EQR Industry Range
Price/Earnings 100.0x
Price/Sales 9.3x
Price/Book 2.3x
Price/Cash Flow 12.6x
TEV/Sales 4.6x
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