Equity Residential settles RealPage antitrust class action for $56M; charge to reduce Q1 earnings

EQUITY RESIDENTIAL

Settlement of $56M resolves antitrust class action over rent-pricing software; court approval required.
Payment due ~30 days after execution; no admission of liability.
Charge will increase loss contingency reserve, reducing Q1 2026 GAAP earnings and Nareit FFO but not Normalized FFO.
Company expects no material impact on liquidity, credit ratings, or operations; commitments consistent with existing practices.
Continues to defend separate DC case with similar allegations.

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