At the archive date, EQR was expected to release its Q3 2026 10-Q filing in the upcoming earnings season. Last quarter: In Q2 FY2026, Equity Residential reported Net Income of $114.14M (down 40.7% YoY) while announcing a landmark strategic merger of equals with AvalonBay.
Drawn from management commentary in the Q2 2026 10-Q:
On May 20, 2026, EQR entered into a Merger Agreement to combine with AvalonBay, where AvalonBay stockholders will receive 2.793 EQR Common Shares per share. The transaction is expected to close in the second half of 2026, subject to shareholder approvals.
During the six months ended June 30, 2026, EQR disposed of two consolidated properties in Los Angeles and San Francisco for $164.0M at a 5.3% yield. It also completed construction on two apartment communities in Boston (440 units, $232.2M cost) and Seattle (369 units, $185.3M cost).
For the six months ended June 30, 2026, Same Store rental income increased 2.0% YoY to $1.49B with a 96.3% physical occupancy rate and an average rental rate of $3,177. Same Store operating expenses rose 3.4% YoY to $486.1M due to higher real estate taxes and utilities.
EPS (Diluted)
$0.30
-40.00% YoY
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