Loading
Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Vivmark Residential (VMRK) is 5/10.
Equity Residential posted Q1 2026 same-store revenue growth of 2.5% with results meeting expectations, as San Francisco and New York continued to exceed already high expectations. Portfolio net effective pricing was up 4% since January, though Boston and Seattle started below expectations. Management maintained 2026 guidance unchanged at the same-store revenue midpoint of 2.5% and NFFO midpoint of $4.08, while the share buyback program reached $500M and development restarted with two Atlanta projects.
Scored from Vivmark Residential’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
Full Pro access for 30 days when you create a free account. No credit card required.
All prior quarters are free.
On August 17, 2026, Equity Residential completed its previously announced merger of equals with AvalonBay Communities. AvalonBay merged into a subsidiary of ERP Operating Partnership and contributed assets in exchange for OP Units; the combined multifamily REIT operates under the name Vivmark. The all-stock combination closed mid-quarter.
Equity Residential filed unaudited pro forma financial statements for the previously announced May 20, 2026 all-stock merger of equals with AvalonBay Communities. Legacy AvalonBay stockholders are expected to own approximately 51% of the combined company and legacy Equity Residential shareholders approximately 49%. The filing states the transaction is a reverse acquisition: Equity Residential is the legal acquirer and AvalonBay the accounting acquirer. The combined company will operate as Vivmark Residential.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $767M | +5.4% | $1.10 | +37.5% | 63.8% | 62.2% | 54.7% | $278M |
| FY2025 Q1 | $761M | +4.1% | $0.67 | -13.0% | 61.7% | 59.3% | 33.7% | $359M |
| FY2025 Q2 | $769M | +4.7% | $0.50 | +11.1% | 63.1% | 29.4% | 25.0% | $274M |
| FY2025 Q3 | $782M | +4.6% | $0.74 | +94.7% | 63.4% | 29.0% | 36.9% | $374M |
| FY2025 Q4 | $789M | +2.9% | $1.00 | -9.1% | — | 28.3% | 48.4% | $282M |
| FY2026 Q1 | $780M | +2.5% | $0.24 | -64.2% | 61.3% | 27.4% | 11.6% | $335M |
| FY2026 Q2 | $785M | +2.1% | $0.30 | -40.0% | 61.4% | 27.9% | 14.5% | $184M |