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Equity Residential 8-K Filing: Key Insights on Debt and Share Issuance

$EQR
Form 8-K
Filed on: 2024-12-18
Source
Equity Residential 8-K Filing: Key Insights on Debt and Share Issuance

Based on the provided financial report section, here are the key insights and important information extracted:

  1. Entity Identification:
  • The entity involved is Equity Residential (EQR), which operates under the identifier 0000906107 in SEC filings.
  1. Filing Type:
  • The document appears to be an 8-K filing, which is a report of unscheduled material events or corporate changes that could be of importance to shareholders.
  1. Report Date:
  • The report is dated December 12, 2024.
  1. Partnership Information:
  • The report references the ERP Operating Limited Partnership, indicating a structured partnership model under which Equity Residential operates.
  1. Equity Components:
  • There are references to the Common Shares of Beneficial Interest with a par value of $0.01. This suggests that the company has issued shares that represent ownership in the partnership.
  1. Debt Instrument:
  • The report mentions 7.57% Notes due August 15, 2026. This indicates a debt security issued by the partnership with a relatively high coupon rate, which may be of particular interest to investors looking for yield.
  1. Contact Information:
  • The document provides a physical address for Equity Residential at Two North Riverside Plaza, Chicago, IL 60606, along with a contact number 312-474-1300.
  1. Market Listing:
  • The common shares and the debt notes are listed on the NYSE, which provides visibility and liquidity to the security holders.
  1. Tax Identification Numbers:
  • The filing includes the following tax identification numbers:
    • Equity Residential: 13-3675988
    • ERP Operating Limited Partnership: 36-3894853
  1. Jurisdiction:
    • The partnership is based in Illinois, as indicated by the state code IL in the entity description.

Summary

This financial report section primarily discusses the issuance of a debt security by Equity Residential through its ERP Operating Limited Partnership, along with the identification of its common shares. Investors may focus on the high yield of the 7.57% notes as a significant investment opportunity, while the company’s established presence on the NYSE adds to its credibility and market accessibility.