Brief: AvalonBay Communities And Equity Residential Announce Merger Of Equals

Vivmark Residential

21/05/2026 11:30

May 21 (Reuters) - Equity Residential EQR.N:

AVALONBAY COMMUNITIES AND EQUITY RESIDENTIAL ANNOUNCE MERGER OF EQUALS, CREATING ONE OF THE COUNTRY'S LEADING REAL ESTATE COMPANIES

EQUITY RESIDENTIAL - COMBINED COMPANY TO HAVE $52 BILLION EQUITY MARKET CAP, $69 BILLION ENTERPRISE VALUE

EQUITY RESIDENTIAL - AVALONBAY SHAREHOLDERS TO OWN 51.2%, EQUITY RESIDENTIAL 48.8% OF COMBINED COMPANY

EQUITY RESIDENTIAL - AVALONBAY SHAREHOLDERS TO RECEIVE 2.793 EQUITY RESIDENTIAL SHARES PER AVALONBAY SHARE

EQUITY RESIDENTIAL - COMBINED COMPANY TO DELIVER INITIAL ANNUALIZED DIVIDEND OF $2.81 PER SHARE

EQUITY RESIDENTIAL - MERGER EXPECTED TO GENERATE $175 MILLION GROSS, $125 MILLION NET SYNERGIES

Source text: ID:nBwc9GstDa

Further company coverage: EQR.N

 ((Reuters.Briefs@thomsonreuters.com;))