Equity Residential - Company Profile
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Equity Residential (EQR) is a real estate investment trust that specializes in the acquisition, development, and management of residential properties. It primarily deals with multifamily residential properties, offering rental and related services through its apartment units. The company's primary focus is on properties located in and around dynamic cities that attract affluent long-term renters. Its services cater to affluent long-term renters in dynamic urban areas. EQR operates through ERP Operating Limited Partnership (ERPOP), which focuses on conducting the multifamily property business of EQR. The company operates through its own property management offices located in major cities of the US, including Boston, New York, Washington, D.C., Seattle, San Francisco, and Southern California. EQR is headquartered in Chicago, Illinois, the US.
Headquarters
United States of America
Address
Two North Riverside Plaza, Suite 400, Chicago, Illinois, 60606
Website
www.equityapartments.com
Telephone
1 312 4741300
No of Employees
2,400
Industry
Construction
Ticker Symbol & Exchange
EQR (NYSE)
Revenue (2024)
$3.1B
3.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
8.1%
(2024 vs 2023)
Market Cap*
$26.2B
Net Profit Margin (2024)
XYZ
4.1%
(2024 vs 2023)
* As of and is in US$
Equity Residential premium industry data and analytics
Products and Services
| Services |
|---|
| Property Development |
| Property Management |
| Property Leasing |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In December, the company in partnership with Toll Brothers Apartment Living opened Lyle, an apartment community in Dallas, Texas, the US. |
| 2024 | Plans/Strategy | In August, the company announced its plans to acquire 11 apartment properties located in Atlanta and Denver, the US from Blackstone for about US$964 million. |
| 2024 | Asset Purchase | In August, the company purchased the NOVEL White Fence Farm community developed by Crescent Communities in Lakewood, Colorado, the US. |
Competitor Comparison
| Key Parameters | Equity Residential | Lennar Corp | Welltower Inc | Prologis Inc | Simon Property Group Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Chicago | Miami | Toledo | San Francisco | Indianapolis |
| State/Province | Illinois | Florida | Ohio | California | Indiana |
| No. of Employees | 2,400 | 12,532 | 712 | 2,802 | 3,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| David J. Neithercut | Chairman | Executive Board | 2023 | 70 |
| Mark J. Parrell | Chief Executive Officer; President; Trustee | Executive Board | 2019 | 59 |
| Bret D. McLeod | Chief Financial Officer; Executive Vice President | Senior Management | 2025 | 43 |
| Michael L. Manelis | Chief Operating Officer; Executive Vice President | Senior Management | 2018 | 57 |
| Alexander Brackenridge | Chief Investment Officer; Executive Vice President | Senior Management | 2020 | 62 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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