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| $66.72 | 1.79 | 2.76% |
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As the real-estate technology sector expands, several investment firms, many connected to multigenerational real-estate families such as the LeFraks, Rudins and Wilpons, have formed an informal collective to hunt for new opportunities.
Rising demand for luxury apartments has spurred an epic building boom that now threatens the health of this sector of the U.S. housing market.
The notoriously blunt real-estate magnate on being contrarian, not taking yourself too seriously and other business lessons he’s learned.
REITs outperform as 10-year yield sinks to 2017 low
Apartment REITs: A Deep Dive Into Supply/Demand Forecasting
Analysts gave EQR a mean price target of $65.30, implying a 0.2% fall from its current level of $65.41.
Equity Residential's (EQR) current price-to-FFO multiple is ~21.0x.
Equity Residential’s effective overall borrowing rate for fiscal 2016 was ~4.5%, close to its 2015 level of ~4.6%.
EQR Option Alert: Jul 21 $67.5 Calls at the bid: 2800 @ 0.451 vs 154 OI; Ref=$65.07
In order to qualify as equities, REITs like Equity Residential (EQR) are required to pay at least 90% of their taxable income to investors in the form of dividends. REITs…
As a part of its strategy initiated in 2005, Equity Residential (EQR) started to sell off its properties to other REITs located in less-dense regions.
According to preliminary results released by the University of Michigan in May 2017, the consumer sentiment index gained 3.2% year-over-year for May to date, standing at 97.7%.
The Fed indicated that it could implement two more rate hikes in 2017. The market speculates one of the rate hikes could occur in June, and the other one is expected to occur around December 2017.
According to Freddie Mac, approximately 75.4 million Millennials and 74.9 million Baby Boomers are expected to join the pool of customers for apartment units in 2017.
In 1Q17, Southern California comprised 25% of Equity Residential's (EQR) total revenues, 19% of its total revenues came from Washington, D.C., and New York comprised 21% of its total revenues.
On March 31, 2017, Equity Residential (EQR) owned 302 properties in ten states and the District of Columbia, comprising 77,498 apartment units.
In 2016, Equity Residential (EQR) completed $1.1 billion in development projects, a record for the company. It expects to complete $900 million in development projects in 2017.
Analysts gave SPG a mean price target of $202.45, implying an ~25.1% rise from its current level of $161.78.
During 2016, Simon Property Group repurchased 1,409,197 shares at an average price of $181.14 per share.
As the real-estate technology sector expands, several investment firms, many connected to multigenerational real-estate families such as the LeFraks, Rudins and Wilpons, have formed an informal collective to hunt for new opportunities.
According to a survey conducted by the University of Michigan in April 2017, the Consumer Sentiment Index stood at 97.0 compared to 96.9 in March.
Because President Trump is not expected to raise the minimum wage, the profit margins of mall owners or smaller retail shops are expected to be on the higher side, increasing their ability to pay higher rents.
Equity Residential to Participate in NAREIT REIT Week 2017 Conference
Research Reports Initiation on REIT Stocks -- AGNC Investment, Apartment Investment and Management, American Homes 4 Rent, and Equity Residential
Post Earnings Coverage as AvalonBay's Quarterly Revenue Grew 2.7%; Core FFO up 6.1%
Equity Residential Reports First Quarter 2017 Results
REIT Stocks Under Review -- New Residential, AGNC Investment, American Homes 4 Rent, and Equity Residential
Equity Residential Announces First Quarter 2017 Earnings Release Date
Equity Residential Declares First Quarter Dividends
Equity Residential operates as a real estate investment trust, which engages in the acquisition, development, and management of multifamily residential properties. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL. (See Full Profile)
| Name | Chg % | Market Cap |
|---|---|---|
| Mid-America Apartment Communities Inc. | $11.61B | |
| Apartment Investment & Management Co. | $6.76B | |
| Avalonbay Communities Inc. | $26.26B | |
| UDR Inc. | $10.29B | |
| Independence Realty Trust Inc. | $678.2M |
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