News: Equity Residential (EQR)

EQR on New York Consolidated

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17 May 2013
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Tue, Apr 30 2013

Equity Residential first-quarter FFO beats Street

- Apartment owner Equity Residential said a first-quarter key earnings measure fell 56 percent chiefly on costs related to its share of the acquisition of former rival Archstone.

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UPDATE 1-Equity Residential first-quarter FFO beats Street

April 30 - Apartment owner Equity Residential said a first-quarter key earnings measure fell 56 percent chiefly on costs related to its share of the acquisition of former rival Archstone.

Kenya's Equity Bank says profit rises 36 pct in 2012

NAIROBI, Feb 28 - Equity Bank of Kenya posted a 36 percent rise in pretax profit for 2012 to 17.42 billion shillings ($201.85 million) thanks to solid growth in its loan book and a jump in net interest earnings, the company said on Thursday.

UPDATE 1-Equity Residential's fourth-quarter FFO rises

NEW YORK, Feb 5 - Apartment owner Equity Residential reported a key earnings measure that missed Wall Street's forecast and issued lower-than-expected forecast for the year, despite reporting higher rent and low expense growth in the fourth quarter.

Equity Residential's fourth-quarter FFO rises

NEW YORK, Feb 5 - Apartment owner Equity Residential said a key earnings measure rose 19 percent in the fourth quarter, in part on higher rent and expense controls.

TEXT-S&P: Equity Residential ratings unaffected by Archstone news

Nov 27 - Standard & Poor's Ratings Services said today that its rating and outlook for Chicago-based Equity Residential (EQR; BBB+/Stable) are unchanged following EQR's announcement that it has entered into an agreement to acquire 60% of Archstone Enterprises L.P. from Lehman Brothers Holdings Inc. for roughly $9.4 billion (excluding transaction costs). The acquisition will include the assumption of $5.5 billion of debt (including a noncash component related to the mark-to-market for certain deb

TEXT-Fitch may cut Equity Residential IDR on proposed Archstone deal

Nov 27 - Fitch Ratings has placed Equity Residential's 'BBB+' Issuer Default Rating (IDR) on Rating Watch Negative. A full list of rating actions follows at the end of this press release. The rating action follows Equity Residential's (EQR) announcement on Nov. 26, 2012 that it will enter into a definitive agreement to acquire 60% of the assets and liabilities of Archstone Enterprise LP, a privately-held multifamily entity. Pro forma for the acquisition, the company's leverage and coverage met

Lehman to sell apartment owner Archstone for $6.5 billion

NEW YORK - Lehman Brothers Holdings Inc agreed to sell property group Archstone to two real estate investment trusts for about $6.5 billion, taking advantage of a strong market for apartments and marking an end to a 2007 gamble that helped push the investment bank into bankruptcy.

UPDATE 3-Lehman to sell apartment owner Archstone for $6.5 bln

* Equity Residential, AvalonBay to split Archstone assets 60-40

UPDATE 1-Lehman to sell Archstone to Equity Residential, AvalonBay for $6.5 bln

* Equity Residential to buy 60 percent of Archstone's assets

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