For Q1 FY2020 (ended March 31, 2020), Equity Residential reported revenue of $682.3 million, up 3.0% year-over-year. Net income was $90.1 million, down 64.9% from the prior year. Operating income fell 39.1% to $252.0 million, and diluted EPS decreased 64.2% to $0.24.
•Revenue increased 3.0% YoY to $682.3 million.
•Net income dropped 64.9% YoY to $90.1 million.
•Operating income declined 39.1% YoY to $252.0 million.
•Diluted EPS fell 64.2% YoY to $0.24.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, owns and manages 312 rental properties consisting of 85,190 apartment units in dynamic metro areas across the U.S. with a primary concentration in major coastal markets, diversified by a targeted presence in the high-growth metro areas of Atlanta, Austin, Dallas/Ft. Worth and Denver. Equity Residential was incorporated in 1993 and is based in Chicago, United States.
Equity Residential is a real estate investment trust (REIT) focused on the ownership and management of residential rental properties. As of the latest data, the company owns and manages 312 rental properties comprising 85,190 apartment units. Its portfolio is concentrated in dynamic metropolitan areas across the United States, with a primary emphasis on major coastal markets such as New York, Boston, Washington D.C., Seattle, San Francisco, and Los Angeles. Additionally, Equity Residential has a targeted presence in high-growth metro areas including Atlanta, Austin, Dallas/Fort Worth, and Denver. The company aims to create communities where people thrive, and it is a member of the S&P 500 index.
On which stock exchange is Equity Residential (EQR) listed and what currency is used?
Equity Residential is listed on the New York Stock Exchange (NYSE) under the ticker symbol EQR. The company's shares are traded in US dollars (USD), as it is headquartered in the United States. Being listed on the NYSE provides investors with liquidity and access to one of the world's largest stock exchanges. The use of USD as the trading currency reflects the company's domestic operations and primary investor base in the United States.
What sector and industry does Equity Residential (EQR) operate in?
Equity Residential operates in the Real Estate sector and specifically within the REIT - Residential industry. As a real estate investment trust, the company is structured to own and operate income-producing real estate, and it must distribute at least 90% of its taxable income to shareholders as dividends. Within the residential REIT space, Equity Residential focuses on apartment properties, making it a key player in the multifamily housing market. Its properties are located in high-demand urban and suburban areas across the United States.
Where is Equity Residential (EQR) headquartered and what markets does it serve?
Equity Residential is headquartered in Chicago, Illinois, United States. The company was incorporated in 1993 and has since grown to own and manage 312 rental properties with 85,190 apartment units. Its primary market focus is on major coastal markets, including cities like New York, Boston, Washington D.C., Seattle, San Francisco, and Los Angeles. Additionally, Equity Residential has a targeted presence in high-growth metro areas such as Atlanta, Austin, Dallas/Fort Worth, and Denver. This geographic diversification allows the company to capture demand in both established and rapidly growing regions.
How does Equity Residential (EQR) make money?
Equity Residential generates revenue primarily through the rental of apartment units in its owned and managed properties. As a residential REIT, its business model involves acquiring, developing, and operating multifamily properties to produce rental income. The company's portfolio consists of 312 properties with 85,190 apartment units located in high-demand metropolitan areas across the United States. By focusing on dynamic markets with strong employment and population growth, Equity Residential aims to maintain high occupancy rates and achieve consistent rental income growth. The company also benefits from economies of scale in property management and operational efficiencies.