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Form 8-K · Current Report · Filed 2025-05-02

ERP Operating Limited Partnership Announces $500 Million Notes Issuance

On May 1, 2025, ERP Operating Limited Partnership, a subsidiary of Equity Residential, announced the issuance of $500 million aggregate principal amount of 4.950% Notes due June 15, 2032.

Filer
Equity Residential EQR · NYSE
Filed
Accession
0000950170-25-062853
CIK
0000906107
Signal
Medium impactReal Estate

Details

The notes will be issued in a public offering through an indenture dated October 1, 1994, with several supplemental indentures. This issuance is part of the company's ongoing financing activities.

Items reported

Item 8.01

Other Events

Convertible Notes Offering
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$70.62

Next session

+0.3%

Since filing

-8.9%

Latest close

$64.35

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from EQR reporting the same item, with the next session's move:

Equity Residential Announces Financial Results for Q1 2025+1.4%
Equity Residential Announces 2025 Investor Day+0.8%
Equity Residential Reports Financial Results for Q4 2024-0.0%
Equity Residential Approves Executive Severance Plan and Increases Note Issuance Limit-4.5%
Equity Residential Reports Q3 and YTD 2024 Financial Results-5.2%

Exhibits (4)

About Equity Residential

Equity Residential is a real estate investment trust that focuses on the acquisition, development, and management of high-quality rental apartment properties in the United States. The company primarily concentrates its portfolio in dense urban and close-in suburban markets with strong employment and housing demand, including Southern California, San Francisco, Washington, D.C., New York City, Boston, Seattle, Denver, Atlanta, Dallas/Fort Worth, and Austin. Equity Residential generates income mainly through leasing apartment units to residents, complemented by related fees and services associated with its communities. Its properties typically target higher-end, professionally managed rental housing, serving working professionals, families, and urban households. Headquartered in Chicago, Illinois, and founded in 1969, Equity Residential is considered one of the larger owners and operators in the U.S. multifamily residential market, providing investors with exposure to the apartment sector through a diversified, institutionally managed portfolio of rental communities across multiple major metropolitan areas.

Exchange NYSE Industry REIT - Residential Company website ↗

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