Equity Residential and AvalonBay announce leadership team for combined company
The team includes executives from both companies, with Benjamin Schall as CEO. The merger of equals is expected to close in H2 2026.
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Multifamily rental property owner and manager
equityapartments.comLast updated
In short: Equity Residential agreed to a $69 billion merger of equals with AvalonBay Communities while settling antitrust claims and reporting strong Q1 2026.
The team includes executives from both companies, with Benjamin Schall as CEO. The merger of equals is expected to close in H2 2026.
The combined company will have a $69 billion enterprise value and over 180,000 apartments, generating $175 million in gross synergies.
Normalized FFO per share rises 4.2% to $0.99. Same-store NOI grows 1.4%. Share repurchases and dividend increase announced. San Francisco and New York perform strongly.
The Board increases the annualized common share dividend by 1.4% to $2.81 per share. It sets the 2026 Annual Meeting for June 18.
A combination between AvalonBay and Equity Residential would put close to 200,000 apartments in the hands of one company.
RBC Capital downgrades Equity Residential stock rating on merger uncertainty...
AvalonBay Communities (NYSE:AVB) and Equity Residential have agreed to merge, creating a combined...
Wolfe Research upgraded apartment REITs AvalonBay Communities and Equity Residential to Outperform from Peer Perform, arguing that expected merger synergies and attractive valuations outweigh a...
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