Equity Residential - Company Profile
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Equity Residential (EQR) is a real estate investment trust (REIT). The company owns, acquires, develops, and manages multifamily residential properties. It is a general partner of ERP Operating Limited Partnership (ERPOP), in which it owns major interest. It focuses on urban and high-density suburban coastal gateway markets. The company operates in Los Angeles, Orange County, San Diego, Washington DC, New York, San Francisco, Boston, Seattle, and other markets which include Denver, Dallas, Atlanta, and Austin. EQR is headquartered in Chicago, Illinois, the US.
Headquarters
United States of America
Address
Equity Residential, Two North Riverside Plaza, Suite 400, Chicago, Illinois, 60606
Website
www.equityapartments.com
Telephone
1 312 9281178
No of Employees
2,400
Industry
Construction
Ticker Symbol & Exchange
EQR (NYSE)
Revenue (2022)
$2.7B
11%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-41.7%
(2022 vs 2021)
Market Cap*
$22.1B
Net Profit Margin (2022)
XYZ
-47.5%
(2022 vs 2021)
* As of and is in US$
Equity Residential premium industry data and analytics
Products and Services
| Services |
|---|
| Property Development |
| Property Leasing |
| Property Management |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Contracts/Agreements | In September, the company and Toll Brothers Inc announced their plans to develop three new luxury rental communities in the Dallas/Ft. Worth metropolitan area. |
| 2021 | Asset Disposal | In December, the company sold Westgate Apartments, a 480-unit multifamily property located at 231 S. De Lacey Avenue in Pasadena, California, the US to Waterford Property Company (Waterford) and California Statewide Community Development Authority (CSCDA). |
| 2021 | Contracts/Agreements | In November, the company entered into a partnership with Anyone Home as its portfolio-wide CRM solution. |
Competitor Comparison
| Key Parameters | Equity Residential | Lennar Corp | AvalonBay Communities Inc | UDR Inc | Camden Property Trust |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Chicago | Miami | Arlington | Highlands Ranch | Houston |
| State/Province | Illinois | Florida | Virginia | Colorado | Texas |
| No. of Employees | 2,400 | 12,012 | 2,947 | 1,317 | 1,650 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Samuel Zell | Chairman | Executive Board | 1993 | - |
| Mark J. Parrell | Chief Executive Officer; Trustee; President | Executive Board | 2019 | - |
| Robert A Garechana | Chief Financial Officer; Executive Vice President | Senior Management | 2018 | 43 |
| Michael L. Manelis | Chief Operating Officer; Executive Vice President | Senior Management | 2018 | 53 |
| Ian S. Kaufman | Chief Accounting Officer; Senior Vice President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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