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Analyst
David Segall
Period: Reporting periods mapped to calendar 2025 Q1 – 2025 Q2 (2 quarters).
- Questions
- 6on tracked calls
- Challenge rate
- 0%none of 6 questionsLimited sample
- Companies
- 2questioned at least once
- Reporting periods
- 2with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 6 of 6 questions from 2 companies
VMRKVivmark Residential4 questions · 2 reporting periods · 0 of 4 challenging
Calendar 2025 Q2
It sounds like the expectation of lender pressure more activity has not played out. And I'm curious if you have any thoughts on why is that?
Show response
Alec explained lenders facing slowdown in new business prefer to keep capital engaged in multifamily rather than forcing payoffs. More willing to extend than either EQR or the lenders themselves anticipated. Pressure still building long-term as new properties deliver in expansion markets. EQR poised to take advantage when opportunities emerge.
your CapEx guidance was reduced a little bit. Just curious what's driving that?
Show response
Alec attributed reduction to project timing delays and fewer renovation units than planned. Includes a Boston office-to-residential conversion tied up with the city. Work expected to get done within the next 12 months.
Calendar 2025 Q1
I'm curious if you have any thoughts on why those markets seem to be diverging slightly this quarter, and if you think one market tends to lead the other?
Show response
Michael noted both markets recovering but SF exceeding expectations while Seattle on track. Both still 6-7% below pre-pandemic pricing with room to grow.
can you just comment on the relative attractiveness of acquisitions, versus buybacks or your developments given where the shares are trading
Show response
Mark favors acquisitions in expansion markets. Development incrementally more attractive than 90 days ago. Open to buybacks but operating as match funder given uncertainty.
ESSEssex Property Trust2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2025 Q1
I want to get your thoughts on Washington State's rent control proposal
Show response
Angela noted the cap mirrors California's AB-1482 and ESS has had a self-imposed 10% cap for decades, so no meaningful business impact expected.
I'm just curious like how what the timeline would be to finally reach full normalization?
Show response
Barb said year-end normalization to the 40 bps long-term average is a realistic possibility, with only 10 bps remaining.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| VMRK Vivmark Residential | 4 | 0%none of 4 questions |
| ESS Essex Property Trust | 2 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2025 Q1 | 4 | 0%none of 4 questions | 2 |
| 2025 Q2 | 2 | 0%none of 2 questions | 1 |
- 2025 Q14 questions · challenge rate 0% (none of 4 questions) · 2 companies
- 2025 Q22 questions · challenge rate 0% (none of 2 questions) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Capital Allocation2
- Capex Investment2
- Regulation Policy1
- Credit1
- Pricing1
- Demand1