The company acquired fifteen consolidated rental properties for approximately $1.3 billion during the nine months ended September 30, 2024. This demonstrates a continued strategy of growth through acquisitions.

The company disposed of six consolidated rental properties, receiving net proceeds of approximately $360.9 million during the nine months ended September 30, 2024. This indicates a strategy of optimizing the portfolio by selling assets.

The company invested $90.7 million in consolidated development projects and $79.6 million in unconsolidated development joint venture entities during the nine months ended September 30, 2024. This demonstrates a commitment to expanding the portfolio through development.

The company maintained a weighted average physical occupancy rate of 96.3% for its same-store properties during the nine months ended September 30, 2024. This indicates effective management of the existing portfolio.

The company's same-store operating expenses increased by 2.3% year-over-year, while same-store rental income increased by 3.2% year-over-year. This indicates that management is effectively controlling expenses while growing revenue.

The company repurchased and retired approximately $38.5 million of its common shares during the nine months ended September 30, 2024. This demonstrates a commitment to returning capital to shareholders.

The company is named as a defendant in a number of cases alleging antitrust violations by RealPage, Inc. The complaints allege collusion among the defendants to illegally fix and inflate the pricing of multifamily rents. The outcome of these legal proceedings is uncertain.

The company, as an owner of real estate, is subject to various federal, state and local laws. Compliance by the company with existing laws has not had a material adverse effect on the company. However, the company cannot predict the impact of new or changed laws or regulations on its current properties or on properties that it may acquire in the future.

The Company is named as a defendant in a class action in the United States District Court for the Northern District of California filed in 2016 which alleges that the amount of late fees charged by the Company were improperly determined under California law. The outcome of this legal proceeding is uncertain.

The company focuses on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. This indicates a focus on markets with strong demand and growth potential.

Competitive new supply has been elevated in our expansion markets. This indicates that the company faces increased competition in these markets.

Long-term, we expect elevated single family home ownership costs, positive household formation trends, manageable competitive new supply in our established coastal markets and the overall deficit in housing across the country to buffer the impact on our business from the risks of potential economic weakness.

The increase in consolidated total NOI is primarily a result of the Company's higher NOI from same store properties, largely due to improvement in same store revenues as noted above and the Company's continued focus on same store expense efficiency.

The Company continued to make progress in move-out activity related to delinquent residents during the nine months ended September 30, 2024. While the eviction process remains challenging, we have made additional progress in reducing delinquencies in our portfolio.

The increase in some store rental income is primarily driven by good demand and modest supply across most of our markets.

Invested $79.6 million primarily in unconsolidated development joint venture entities as well as unconsolidated investments in real estate technology funds/companies for various technology initiatives.

The Company is named as a defendant in a number of cases filed in late 2022 and 2023 alleging antitrust violations by RealPage, Inc., a seller of revenue management software products, and various owners and/or operators of multifamily housing, including us, that have utilized these products.

With approximately $1.7 billion in readily available liquidity, a strong balance sheet, limited near-term debt maturities, very strong credit metrics and ample access to capital markets, the Company believes it is well positioned to meet its future obligations and take advantage of opportunities.

The company repurchased and retired approximately $38.5 million of its common shares during the nine months ended September 30, 2024.

The company issued $600.0 million of ten-year 4.65% unsecured notes, receiving net proceeds of approximately $598.0 million.

Equity Residential (“EQR”) is committed to creating communities where people thrive. This indicates a commitment to social responsibility.

Long-term, we expect elevated single family home ownership costs, positive household formation trends, manageable competitive new supply in our established coastal markets and the overall deficit in housing across the country to buffer the impact on our business from the risks of potential economic weakness.

Overall, the fundamentals of our business are healthy. Long-term, we expect elevated single family home ownership costs, positive household formation trends, manageable competitive new supply in our established coastal markets and the overall deficit in housing across the country to buffer the impact on our business from the risks of potential economic weakness.

With approximately $1.7 billion in readily available liquidity, a strong balance sheet, limited near-term debt maturities, very strong credit metrics and ample access to capital markets, the Company believes it is well positioned to meet its future obligations and take advantage of opportunities.