Company profile

Ticker
EQR
Exchange
CEO
Mark J. Parrell
Employees
Incorporated in
Location
Fiscal year end
Former names
Equity Residential Properties Trust
SEC CIK
IRS number
363877868

EQR stock data

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FINRA relative short interest over last month (20 trading days) ?

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

7 May 20
29 May 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 682.33M 683.92M 685.15M 669.52M
Net income 332.67M 301.31M 277.85M 321.3M
Diluted EPS
Net profit margin 48.76% 44.06% 40.55% 47.99%
Operating income 422.11M 408.95M 368.36M 369.26M
Net change in cash 36.58M 16.98M -222.5M 221.88M
Cash on hand 82.34M 45.75M 28.78M 251.27M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 2.7B 2.58B 2.47B 2.43B
Net income 1.01B 685.19M 628.38M 4.48B
Net profit margin 37.38% 26.57% 25.43% 185%
Operating income 1.36B 1.12B 1B 856.09M
Net change in cash -1.69M -3.21M -26.56M 34.93M
Cash on hand 45.75M 47.44M 50.65M 77.21M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
14 May 20 Altshuler Barry Common Shares Of Beneficial Interest Grant Aquire A 48.89 2,045 99.98K 42,744
14 May 20 George Alan W Common Shares Of Beneficial Interest Grant Aquire A 48.89 2,045 99.98K 53,339
14 May 20 Ian Kaufman Common Shares Of Beneficial Interest Grant Aquire A 48.89 26 1.27K 18,352
28 Feb 20 Zell Samuel Common Shares Of Beneficial Interest Grant Aquire A 63.84 1,566 99.97K 165,032
28 Feb 20 Robert Garechana Common Shares Of Beneficial Interest Grant Aquire A 63.84 392 25.03K 21,022
88.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 533 580 -8.1%
Opened positions 64 90 -28.9%
Closed positions 111 64 +73.4%
Increased positions 194 187 +3.7%
Reduced positions 192 197 -2.5%
13F shares
Current Prev Q Change
Total value 20.24B 28.16B -28.1%
Total shares 327.81M 347.72M -5.7%
Total puts 188.7K 207.9K -9.2%
Total calls 704.3K 835.4K -15.7%
Total put/call ratio 0.3 0.2 +7.7%
Largest owners
Shares Value Change
Vanguard 48.39M $2.99B +0.3%
BLK BlackRock 41.12M $2.54B -0.2%
STT State Street 24.24M $1.51B +1.2%
APG Asset Management US 14.17M $874.62M +1.3%
N Price T Rowe Associates 10.87M $670.51M -3.9%
MCQEF Macquarie 9.89M $610.08M -9.3%
CNS Cohen & Steers 9.78M $603.44M +34.4%
FMR 9.14M $563.98M -15.9%
NTRS Northern Trust 7.07M $436.37M +4.4%
Geode Capital Management 6.94M $427.72M -0.2%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -23.88M EXIT
Brookfield Public Securities 2.54M +2.54M NEW
CNS Cohen & Steers 9.78M +2.5M +34.4%
Boston Partners 3.31M -2.41M -42.1%
First Eagle Investment Management 2.22M +2.22M NEW
IVZ Invesco 6.08M +2.1M +52.9%
FMR 9.14M -1.72M -15.9%
CMTDF Sumitomo Mitsui Trust 3.41M +1.33M +63.9%
MCQEF Macquarie 9.89M -1.01M -9.3%
MS Morgan Stanley 2.91M -1M -25.6%

Financial report summary

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Management Discussion
  • Note: Same store revenues for all leases are reflected on a straight line basis in accordance with GAAP for the current and comparable periods.
  • Same store revenues for the full year of 2019 were slightly lower than our most recent expectations but still performed at the high end of our expectations from the beginning of the year.  Revenue increased due to record low turnover, strong occupancy and favorable overall demand.  The Company’s primary focus in 2019 was on providing remarkable experiences for our residents which resulted in record levels of customer satisfaction and resident retention.  The Company’s primary goals for 2020 will be to continue the 2019 trends while accelerating the deployment of various operating initiatives such as smart home technology and other sales and service related innovation improvements.   We expect consistent demand that should help with the absorption of the continued elevated supply that we expect in many of our markets.
  • New rent control regulations enacted in both the New York and California markets during 2019 are expected to negatively impact our overall same store revenue results by approximately 20 basis points for 2020.   Of the approximately 9,600 apartment units located in our New York market, approximately 3,100 apartment units are "rent stabilized" (primarily as a result of the 421(a) real estate tax abatement program) and therefore more directly impacted by these new regulations.  Once the abatement expires, the apartment units can be brought to market rents and will no longer be subject to the rent control regulations.  We estimate that the new regulations will have a negative impact on renewal rates for some of these 3,100 apartment units and will impact our ability to charge certain fees at all of our New York City properties (approximately 6,600 apartment units).  California’s new rent control regulations, which became effective on January 1, 2020, among other things limits the ability to raise rents on renewals to the local California consumer price index + 5% on properties fifteen years or older.  It does not, however, impose such a cap upon vacancy of an apartment unit.  Of our approximately 37,600 apartment units located in California, approximately 24,400 are subject to these new regulations.
Content analysis ?
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Legalese
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