Equity Residential Investor Relations Material

Equity Residential is an American real estate investment trust (REIT) that focuses on the acquisition, development, and management of rental apartment properties. The company has a significant presence across various key urban markets in the United States, including New York City, Boston, Washington, D.C., Seattle, and San Francisco. Its portfolio primarily consists of high-rise and garden-style apartments. Equity Residential is headquartered in Chicago, Illinois, and its shares are listed on the NYSE.

What would later go on to become Equity Residential was founded in 1969 by real estate investor Sam Zell. Initially operating as Equity Finance and Management Company, the company acquired a large number of properties in 1993 and went public the same year. From its IPO to public day, the company has grown by acquiring a large number of residential properties, as well as through strategic acquisitions of companies operating in the same sector.

Equity Residential, a real estate investment trust (REIT), primarily owns and manages residential properties. Their portfolio predominantly consists of high-rise and garden-style apartment buildings. These properties are typically located in urban and high-density suburban areas, with a significant presence in key markets such as New York, Boston, Washington D.C., Seattle, San Francisco, and Southern California. Equity Residential focuses on acquiring, developing, and managing multifamily residential properties, aiming to cater to a diverse tenant base. Their properties often feature various amenities and are designed to appeal to residents seeking convenient, upscale urban living. The company's strategy involves investment in markets with high growth potential, driven by factors like strong employment and vibrant local economies.

A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances income-producing real estate, and must follow a set of rules for how they operate. The most notable of these is that, by law, REITs must distribute at least 90% of their taxable income to shareholders in the form of dividends. REITs offer investors a way to access the real estate sector with the liquidity of publicly traded securities, and without having to purchase any real estate themselves. Other companies operating as REITs in the same sector as Equity Residential includes AvalonBay Communities, Mid-America Apartment Communities, and UDR.