EQUITY RESIDENTIAL
No SEC Form 4 filings for $EQR in the last 30 days.
Bloomberg reported on May 20, 2026 that AvalonBay Communities (AVB) and Equity Residential are nearing a potential merger combining two large apartment REITs, with market caps of about $26B and $24.8B, respectively. Separately, analysts at Scotiabank and Barclays cut AVB price targets to $187 and $203. AVB’s Q1 core FFO was $2.83/share.
Three major corporate landlords—Equity Residential, Essex Property Trust, and AvalonBay Communities—have contributed over $5.1 million to the California Apartment Association's Independent Expenditure Committee. This funding is reportedly used to influence elections and undermine tenant protections, often through thinly veiled political action committees. The article highlights the landlords' alleged involvement in the RealPage scandal and their historical efforts to oppose pro-tenant initiatives and legislation in California.
AvalonBay Communities and Equity Residential are merging in an all-stock deal valued at approximately $69 billion, creating a real estate giant that will control over 180,000 apartment units nationwide. The combined company, to be led by AvalonBay President and CEO Benjamin Schall, will also have 10,800 apartments under construction and aims to generate $175 million in synergies. The merger is expected to close in the second half of 2026, pending shareholder approval.
