Equity Residential is a real estate investment trust focused on the acquisition, development and management of apartment properties. Co. is the general partner of, and at Dec 31 2012 owned an approximate 95.9% ownership interest in ERP Operating Limited Partnership (ERPOP), an Illinois limited partnership. All of Co.'s property ownership, development and related business operations are conducted through ERPOP and those entities/subsidiaries owned or controlled by ERPOP. As of Dec 31 2012, Co., directly or indirectly through investments in title holding entities, owned all or a portion of 403 properties located in 13 states and the District of Columbia consisting of 115,370 apartment units.
Thu, Jan 30, 10:20 AM, Zacks AvalonBay Q4 FFO Meets Estimates, Hikes Div - Analyst Blog Aided by growth in rental revenue, AvalonBay reported fourth-quarter 2013 core FFO of $1.62 per share, up 17.4% year over year and in line with the Zacks Consensus Estimate. It also raised its dividend by 8.4%.
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