Report
Edward Mui
EUR 147.86 For Business Accounts Only

Equity Residential's performance is threatened by new supply and increased economic uncertainty.

Equity Residential reported second-quarter earnings, resulting in normalized funds from operations per share of $0.76 versus $0.85 for the same period a year ago, mainly as a result of the Starwood portfolio sale offsetting positive results from rent growth and lower interest expense. Same-store average rental rates were up 4.0% on roughly flat occupancy; the West Coast continued to perform well with mid-single-digit rental rate increases, while New York and Washington D.C. continued to lag. We ...
Underlying
Equity Residential

Equity Residential is a real estate investment trust. The company focuses on the acquisition, development and management of rental apartment properties. The company is the general partner of, and owns an ownership interest in ERP Operating Limited Partnership (ERPOP). All of the company's property ownership, development and related business operations are conducted through ERPOP and those entities/subsidiaries owned or controlled by ERPOP (collectively, Operating Partnership). The Operating Partnership holds substantially all of the assets of the company The company, directly or indirectly through investments in title holding entities, owns all or a portion of its properties located in several states and the District of Columbia.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Edward Mui

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