other material
confidence high
sentiment neutral
materiality 0.50
Equity Residential launches ATM program for up to 13M shares, files new shelf
EQUITY RESIDENTIAL
- Distribution Agreement with JPMorgan and others to sell up to 13M common shares in at-the-market offerings.
- New automatic shelf registration statement (S-3) filed to replace the one expiring June 2022.
- Company retains share repurchase authorization for 13M shares.
- Forward sale agreements allow borrowing and selling shares; settlement can be physical, cash, or net shares.