Equity Residential

Equity Residential

Equity Residential

Overview
Date Founded

1993

Headquarters

Two North Riverside Plaza, Suite 400, Chicago, IL, 60606, USA

Type of Company

Public

Employees (Worldwide)

2,700

Industries

Trusts & Funds
Real Estate
Real Estate Investment Trusts

Company Description

Equity Residential operates as a real estate investment trust. It engages in the acquisition, development, and management of rental apartment properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer, Treasurer & Executive Vice President

Executive Vice President & Chief Investment Officer

Chief Investment Officer

Chief Operating Officer & Executive Vice President

Executive Vice President, General Counsel & Corporate Secretary

Senior Vice President, Controller & Chief Accounting Officer

Executive Vice President, Development

Executive Vice President-Investments

Executive Vice President-Human Resources

Board of Trustees

Former Chief Operating Officer at Tribune Media Co.

Co-Founder at Uptake Technologies, Inc.

President & Chief Executive Officer at Equity Residential

President at IMG Worldwide, Inc.

President & Chief Executive Officer at Telemat Ltd.

Former President-North American Region at Wm. Wrigley Jr. Company

Founder at Arzu, Inc.

Director-Center for Real Estate Studies at Indiana University

President & Director at Erp Holding Co., Inc.

Member-Emeritus at The Smith Center for Performing Arts

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Owners & Shareholders
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NBIM is an active, conservative manager with a long-term outlook that aims to get the highest possible return on the Government Pension Fund Global within the investment mandate set by the Ministry of Finance, which owns the fund on behalf of the Norwegian people. The ministry determines the fund's investment strategy, following advice from among others, NBIM and discussions in Parliament. The firm's mandate defines the investment universe and the fund's strategic reference index. The Ministry of Finance has on a regular basis transferred capital to the fund from the Norwegian state's petroleum revenues. The fund's capital is invested abroad, to avoid overheating the Norwegian economy and to shield it from the effects of oil price fluctuations. The fund invests in international equity and fixed-income markets and real estate. It is invested in most markets, countries and currencies to achieve broad exposure to global economic growth. The investments are to produce a high long-term return. NBIM aims to achieve this this with an acceptable level of risk, as a responsible investor and through an efficient organization.

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APG US' strategies include Core Bond Plus, High Yield and Agency Mortgage Alpha. Both strategies may utilize derivative transactions, including credit default swaps, for hedging purposes or efficient portfolio management. For Core Bond Plus, they use macroeconomic analysis, credit analysis and valuation analysis to make investment decisions. APG US invests in an array of fixed-income sectors that convey different risks, thus, diversification of return and alpha sources is an essential element of their investment process. For High Yield, they employ intensive credit analysis, valuation analysis, industry analysis and macroeconomic analysis to make investment decisions. For Agency Mortgage Alpha, they attempt to generate excess returns by employing both a top-down approach, where a general theme in terms of prepayments and volatility is developed to determine the appropriate mix of MBS and a bottom-up approach, where security selection revolves around the prepayment behavior conveyed by different specified MBS pool characteristics.

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MIMBT maintains a flexible strategy designed to conform with various clients' individual investment objectives, whether such objectives are growth, total return, current income, tax-exempt income, asset allocation, international or global, or stability of principal. In addition, a portfolio manager will generally consider the composition of the relevant benchmark index, as well as the composition of portfolios within a competitive peer group when constructing the portfolio for a fund. This method is designed to minimize both excessive volatility within the portfolio and wide divergence in performance versus the market in a given investment style or mandate, while seeking to produce consistently above average long-term performance. MIMBT manages separate client-focused equity, debt, and balanced portfolios. They invest in the public equity and debt markets of the US, non-US, and other emerging economies. They invest in growth-oriented value stocks of small-cap, mid-cap and large-cap companies. The firm selects countries by utilizing a top-down approach and selects using fundamental analysis with a bottom-up approach.

Recent Transactions
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Deloitte & Touche LLP, Deloitte LLP purchase QSpace, Inc. from Equity Residential

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Equity Residential issued USD Common Stock

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purchases Archstone-Smith Trust, Inc. from Lehman Brothers Holdings, Inc.

Insider Transactions
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Transaction Advisors
Accountant

Advised onEquity Residential purchases Merry Land & Investment Co., Inc.

Escrow Agent

Advised onEquity Residential issued USD Common Stock

Investment Advisor

Advised onEquity Residential purchases Merry Land & Investment Co., Inc.

Underwriter

Advised onEquity Residential issued USD Common Stock

Legal Advisor

Advised on purchases Archstone-Smith Trust, Inc. from Lehman Brothers Holdings, Inc.

Head of US Real Estate Investment Trust Tax Practice

Advised on purchases Archstone-Smith Trust, Inc. from Lehman Brothers Holdings, Inc.

Advisors & Consultants
Legal Advisor

Partner at BDT Capital Partners LLC

Legal Advisor

Former Chair, Land Use Group at Allen Matkins Leck Gamble Mallory & Natsis LLP

Key Stats and Financials As of 2019
Market Capitalization
$24.7B
Total Enterprise Value
$41.3B
Earnings Per Share
$2.59
Revenue
$2.68B
Net Profit
$968M
EBITDA
$1.73B
EBITDAMargin
64.58%
Total Debt
$9.37B
Total Equity
$11B
Enterprise Value Sales
15.42x
Enterprise Value EBITDAOperating
23.68x
TEVNet Income
42.67x
Debt TEV
0.23x
Three Year Compounded Annual Growth Rate Of Revenue
3.99%
Five Year Compounded Annual Growth Rate Of Revenue
0.61%
Non-Profit Donations & Grants
$2,500 - $4,999
2014
$2,500 - $4,999
2013
$2,500 - $4,999
2012
Investments
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OpsTechnology, Inc. develops software solutions for real estate business. The firm serves national and local REITs, building owners, fee & property management companies, including United Dominion, Camden and Avalon Bay. Its solutions deliver spend management savings to real estate companies of all sizes by providing the ability to control and standardize procurement, purchasing and payables functions in a secure web-based environment with OpsBuyer and OpsInvoice. The company was founded by Rajiv Naidu and Sukhi Singh in 1999 and is headquartered in Carrollton, TX.

Investors
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Senior Managing Director at Newmark Knight Frank

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Former Vice President at The Peoples Gas Light & Coke Co.

Suppliers
SP Plus Corp. Other Business & Consulting Services | Chicago, IL

SP Plus Corp. provides professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling and related services to commercial, institutional, municipal and aviation clients. It also provides a wide range of event logistics services. The company was founded in 1929 and is headquartered in Chicago, IL.

Competitors
UDR, Inc. Trusts & Funds - Highlands Ranch, CO

UDR, Inc. is a real estate investment trust, which owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities. It engages in the multi-family real estate investment trust business. It operates through the Same-Store Communities and Non-Mature Communities/Other segments. The Same-Store Communities segment pertains to properties that are acquired, developed, and stabilized occupancy. The Non-Mature Communities/Other segment include recently acquired, developed and redeveloped communities and the non-apartment components of mixed use properties. The company was founded in 1972 and is headquartered in Highlands Ranch, CO.

Mid-America Apartment Communities Trusts & Funds - Germantown, TN

MAA is a real estate investment trust that owns and manages multifamily apartments in the sunbelt region of the United States. We have grown from 5,580 apartment homes at the time of our initial public offering in January 1994 to over 49,000 apartment homes today; including our ownership through joint-venture funds with institutional investors. We are traded on the NYSE under the symbol MAA, and are headquartered at 6584 Poplar Avenue, Memphis, TN 38138. MAA has a strong track record in extracting value through opportunistic property acquisitions, strategic development and renovations, and a sophisticated technology-based operating platform. Our capital allocation and portfolio plan is built around a disciplined program to diversify in both large tier and select secondary markets across the Sunbelt region. We believe these dynamic and resilient markets provide growth opportunities and strong value returns for our discerning investors. MAA aims to provide investors with a reliable dividend income that, over the long run, will consistently grow and be protected against economic downturns. We have consistently generated long-term investor returns greater than most other apartment REITs through our well-defined strategy

Apartment Investment & Management Co. Trusts & Funds - Denver, CO

Apartment Investment & Management Co. operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded by Terry Considine in 1975 and is headquartered in Denver, CO.

Awards & Honors
Rank #781
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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