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

Executive Vice President & Chief Human Resources Officer

Senior Vice President, Controller & Chief Accounting Officer

Executive Vice President, Development

Executive Vice President-Property Operations

Board of Trustees

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

Former Managing Director & Partner at Goldman Sachs & Co. LLC

Director-Center for Real Estate Studies at Indiana University

President & Director at Erp Holding Co., Inc.

Chief Global Officer, Global Operations at Marriott International, Inc.

Former President & Chief Executive Officer at Deutsche Bank Securities, Inc.

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Owners & Shareholders
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APG US’ portfolio includes Fixed Income, Private Real Estate, and Infrastructure. The Fixed Income Portfolios utilizes bottom-up issue selection combined with top-down duration management and sector allocation in a disciplined, quantifiable, and reproducible manner. The firm invests in a broad spectrum of fixed income sectors that convey different risks, diversification of return and alpha sources are essential elements of the investment process. The Listed Real Estate strategy uses fundamental analysis to form the basis for investment decisions. The Private Real Estate investment strategy uses quantitative analysis, which relies upon objective analysis of market conditions and asset valuation and underwriting, in addition to fundamental research, to form the basis for evaluating investment opportunities. The Infrastructure investment strategy focuses on private infrastructure businesses and assets.

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Cohen & Steers is a global investment manager focused on specialty asset classes, including real estate securities, listed infrastructure, real assets, preferred securities, large cap value equities and alternative strategies. Background In 1986, Martin Cohen and Robert Steers established Cohen & Steers as the first investment company to specialize in listed real estate. As the global real estate securities market evolved, we expanded our operations to Europe and Asia Pacific, forming the industry’s largest global investment team dedicated to real estate securities. Through careful consideration, we have added to our investment offerings over the years, developing related strategies designed to meet investors’ increasing demand for dividend income and real returns. Cohen & Steers was listed on the New York Stock Exchange in 2004 under the ticker: CNS. As of December 31, 2012, the company had $45.8 billion in assets under management. Cohen & Steers is headquartered in New York, with offices in London, Brussels, Hong Kong, Tokyo and Seattle.

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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
$19.9B
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%
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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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
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

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.

Camden Property Trust Real Estate - Houston, Texas

Camden Property Trust operates as a real estate investment trust, which engages in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. It focuses on maintaining a geographically portfolio of apartment homes located across the U.S. The company was founded by Richard J. Campo and D. Keith Oden on May 25, 1993 and is headquartered in Houston, TX.

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