Gerald Spector - Equity Residential Independent Vice Chairman of the Board of Trustee

EQR Stock  USD 63.09  0.55  0.88%   

Chairman

Mr. Gerald A. Spector is Independent Vice Chairman of the Board of Trustee of Equity Residential Inc. He had been our Vice Chairman since January 2008 and was the Executive Vice President of the Company from March 1993 and Chief Operating Officer of the Company from February 1995 until his retirement in December 2007. Mr. Spector was the Chief Operating Officer of the Tribune Company from December 2009 through December 2010, and served as its Chief Administrative Officer from December 2007 through December 2009. He began his real estate career in the early 1970s and has extensive prior public and private board experience as well. Mr. Spector serves as a director of Equity Commonwealth and is a former Certified Public Accountant. since 2008.
Age 71
Tenure 16 years
Address Two North Riverside Plaza, Chicago, IL, United States, 60606-2624
Phone312 474 1300
Webhttps://www.equityapartments.com

Equity Residential Management Efficiency

The company has Return on Asset of 0.0273 % which means that on every $100 spent on assets, it made $0.0273 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0746 %, implying that it generated $0.0746 on every 100 dollars invested. Equity Residential's management efficiency ratios could be used to measure how well Equity Residential manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Equity Residential's Return On Capital Employed is relatively stable compared to the past year. As of 04/24/2024, Return On Equity is likely to grow to 0.08, while Return On Tangible Assets are likely to drop 0.04. At this time, Equity Residential's Non Currrent Assets Other are relatively stable compared to the past year. As of 04/24/2024, Other Assets is likely to grow to about 22.8 B, while Non Current Assets Total are likely to drop slightly above 15.8 B.
The company has 7.7 B in debt with debt to equity (D/E) ratio of 0.67, which is OK given its current industry classification. Equity Residential has a current ratio of 0.25, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Equity Residential until it has trouble settling it off, either with new capital or with free cash flow. So, Equity Residential's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Equity Residential sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Equity to invest in growth at high rates of return. When we think about Equity Residential's use of debt, we should always consider it together with cash and equity.

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Equity Residential is committed to creating communities where people thrive. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units, located in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California and Denver. Equity Residential operates under REITResidential classification in the United States and is traded on New York Stock Exchange. It employs 2400 people. Equity Residential (EQR) is traded on New York Stock Exchange in USA. It is located in Two North Riverside Plaza, Chicago, IL, United States, 60606-2624 and employs 2,400 people. Equity Residential is listed under Diversified REITs category by Fama And French industry classification.

Management Performance

Equity Residential Leadership Team

Elected by the shareholders, the Equity Residential's board of directors comprises two types of representatives: Equity Residential inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Equity. The board's role is to monitor Equity Residential's management team and ensure that shareholders' interests are well served. Equity Residential's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Equity Residential's outside directors are responsible for providing unbiased perspectives on the board's policies.
Marty McKenna, Investor Relations Contact
Zia Tahsinul, Independent Trustee
Michael Manelis, Chief Operating Officer, Executive Vice President
Scott Fenster, Executive Vice President, General Counsel, Corporate Secretary
Tahsinul Huque, Independent Trustee
Alan George, Executive Vice President, Chief Investment Officer
Barry Altshuler, Executive Vice President - Investments
Stephen Sterrett, Lead Independent Director
Samuel JD, Founder Chairman
David Santee, COO and Executive VP
Christa Sorenson, Executive Vice President of Human Resources
Mark Tennison, Executive Vice President - Development
Raymond Bennett, Independent Trustee
John Neal, Independent Trustee
Bruce Strohm, Executive VP, General Counsel and Corporate Secretary
Samuel Zell, Chairman of the Board of Trustees
John Alexander, Independent Trustee
Charles Atwood, Lead Independent Trustee
John Powers, Executive Vice President - Human Resources
Bradley Keywell, Independent Trustee
Linda Bynoe, Independent Trustee
Martin McKenna, First Relations
John Lennox, Senior Analysis
Mary Haben, Independent Trustee
Angela Aman, Independent Director
Robert Garechana, Chief Financial Officer, Executive Vice President
Alexander Brackenridge, Executive Vice President, Chief Investment Officer
Gerald Spector, Independent Vice Chairman of the Board of Trustee
Scott JD, General VP
Joseph White, Independent Trustee
Catherine Carraway, Chief Human Resource Officer, Executive Vice President
David Neithercut, CEO and President Trustee and Member of Executive Committee
Connie Duckworth, Independent Trustee
Ian Kaufman, Senior Officer
Mark Shapiro, Independent Trustee
Mark Parrell, President, Chief Executive Officer, Trustee

Equity Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Equity Residential a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Equity Residential

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Equity Residential position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Equity Residential will appreciate offsetting losses from the drop in the long position's value.

Moving against Equity Stock

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The ability to find closely correlated positions to Equity Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equity Residential when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Equity Residential - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Equity Residential to buy it.
The correlation of Equity Residential is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Equity Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equity Residential moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Equity Residential can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Equity Residential is a strong investment it is important to analyze Equity Residential's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Equity Residential's future performance. For an informed investment choice regarding Equity Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity Residential. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.
To learn how to invest in Equity Stock, please use our How to Invest in Equity Residential guide.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.

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Is Equity Residential's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Equity Residential. If investors know Equity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Equity Residential listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.957
Dividend Share
2.65
Earnings Share
2.13
Revenue Per Share
7.588
Quarterly Revenue Growth
0.04
The market value of Equity Residential is measured differently than its book value, which is the value of Equity that is recorded on the company's balance sheet. Investors also form their own opinion of Equity Residential's value that differs from its market value or its book value, called intrinsic value, which is Equity Residential's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Equity Residential's market value can be influenced by many factors that don't directly affect Equity Residential's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Equity Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equity Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equity Residential's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.