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Vivmark Residential

VMRK · Real Estate

Last earnings Jul 31, 2026

Key results

EPSquarter

6.4 %

Quarter Ended June 30, 2025 2024 $ Change % Change Earnings Per Share (EPS) $ 0.50 $ 0.47 $ 0.03 6.4 % Funds from Operations (FFO) per share $ 0.98 $ 0.94 $ 0.04 4.3 % Normalized FFO (NFFO) per share $ 0.99 $ 0.97 $ 0.02 2.1 % Six Months Ended June 30, 2025 2024 $ Change % Change Earnings Per Share (EPS) $ 1.18 $ 1.24 $ (0.06 ) (4.8 %) Funds from Operations (FFO) per share $ 1.92 $ 1.80 $ 0.12 6.7 % Normalized FFO (NFFO) per share $ 1.94 $ 1.91 $ 0.03 1.6 % Recent Highlights • The Company’s second quarter revenue growth was driven by continued solid operating fundamentals across most of its markets.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Revenuequarter

2.7%

For the second quarter of 2025 compared to the second quarter of 2024, same store revenues increased 2.7%, same store expenses increased 3.7% and same store Net Operating Income (NOI) increased 2.3%.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Net operating incomequarter

2.3%

For the second quarter of 2025 compared to the second quarter of 2024, same store revenues increased 2.7%, same store expenses increased 3.7% and same store Net Operating Income (NOI) increased 2.3%.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

96.3% Revenues 2.7% 1.0% 2.4% Expenses 3.7% (2.7%) 4.0% NOI 2.3% 2.8% 1.7% The following table reflects the detail of the change in Same Store Residential Revenues, which is presented on a GAAP basis showing Leasing Concessions on a straight-line basis.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Same Store Residential revenueytd

2024 %

June YTD 2024 % Change % Change % Change Same Store Residential Revenues- comparable period Lease rates 2.0 % 0.8 % 2.0 % Leasing Concessions 0.0 % (0.1 %) (0.1 %) Vacancy gain (loss) 0.2 % 0.0 % 0.2 % Bad Debt, Net (1) 0.1 % 0.1 % 0.1 % Other (2) 0.6 % 0.3 % 0.5 % Same Store Residential Revenues- current period 2.9 % 1.1 % 2.7 % (1) Change in rental income due to bad debt write-offs and reserves, net of amounts (including governmental rental assistance payments) collected on previously written-off or reserved accounts.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Same Store Residential revenueQ2 2025

2.0 %

June YTD 2024 % Change % Change % Change Same Store Residential Revenues- comparable period Lease rates 2.0 % 0.8 % 2.0 % Leasing Concessions 0.0 % (0.1 %) (0.1 %) Vacancy gain (loss) 0.2 % 0.0 % 0.2 % Bad Debt, Net (1) 0.1 % 0.1 % 0.1 % Other (2) 0.6 % 0.3 % 0.5 % Same Store Residential Revenues- current period 2.9 % 1.1 % 2.7 % (1) Change in rental income due to bad debt write-offs and reserves, net of amounts (including governmental rental assistance payments) collected on previously written-off or reserved accounts.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

AI analysis

Q2 2025 · reported Aug 4, 2025

Based on: Earnings release + parent 8-K + 10-K — transcript not held

Headline figures

MetricQ2 2025Prior qtrYear ago
EPS6.4 %——
Revenue2.7%——
Net operating income2.3%——
Same Store Residential revenue2.0 %——

EX-99 · Aug 4, 2025

Guidance · company-stated

Direction: Lowered

EPS

“2024 actual 2.8% 1.5% Transactions: Consolidated rental acquisitions $1.0B $1.5B Consolidated rental dispositions $1.0B $1.0B Transaction Accretion (Dilution) (25 basis points) (25 basis points) The change in the full year 2025 EPS guidance range is due primarily to lower expected property sale gains, higher expected depreciation expense and other items including those described below.”

Revenue — Raised

“• The Company raised the midpoint of its guidance range for same store revenues and NOI and lowered the midpoint for same store expenses.”

Revenue — Raised

““We are pleased to raise the midpoints for our same store revenue and net operating income guidance.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Same Store Residential revenue2024 %
Same Store Residential revenue2.0 %
Non-Residential capex$5.5M

June YTD 2024 % Change % Change % Change Same Store Residential Revenues- comparable period Lease rates 2.0 % 0.8 % 2.0 % Leasing Concessions 0.0 % (0.1 %) (0.1 %) Vacancy gain (loss) 0.2 % 0.0 % 0.2 % Bad Debt, Net (1) 0.1 % 0.1 % 0.1 % Other (2) 0.6 % 0.3 % 0.5 % Same Store Residential Revenues- current period 2.9 % 1.1 % 2.7 % (1) Change in rental income due to bad debt write-offs and reserves, net of amounts (including governmental rental assistance payments) collected on previously written-off or reserved accounts.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Second Quarter 2025 Results All per share results are reported as available to common shares/units on a diluted basis

Based on: Earnings release + parent 8-K + 10-K — transcript not held

Guidance & outlook

Direction: Lowered

EPS: “2024 actual 2.8% 1.5% Transactions: Consolidated rental acquisitions $1.0B $1.5B Consolidated rental dispositions $1.0B $1.0B Transaction Accretion (Dilution) (25 basis points) (25 basis points) The change in the full year 2025 EPS guidance range is due primarily to lower expected property sale gains, higher expected depreciation expense and other items including those described below.”

Revenue — Raised (“raised”)
“• The Company raised the midpoint of its guidance range for same store revenues and NOI and lowered the midpoint for same store expenses.”

Revenue — Raised (“raise”)
““We are pleased to raise the midpoints for our same store revenue and net operating income guidance.”

EPS — Lowered (“lower”)
“2024 actual 2.8% 1.5% Transactions: Consolidated rental acquisitions $1.0B $1.5B Consolidated rental dispositions $1.0B $1.0B Transaction Accretion (Dilution) (25 basis points) (25 basis points) The change in the full year 2025 EPS guidance range is due primarily to lower expected property sale gains, higher expected depreciation expense and other items including those described below.”

Classified from the release's primary full-year outlook statement.

Capital allocation

June YTD 2024 % Change % Change % Change Same Store Residential Revenues- comparable period Lease rates 2.0 % 0.8 % 2.0 % Leasing Concessions 0.0 % (0.1 %) (0.1 %) Vacancy gain (loss) 0.2 % 0.0 % 0.2 % Bad Debt, Net (1) 0.1 % 0.1 % 0.1 % Other (2) 0.6 % 0.3 % 0.5 % Same Store Residential Revenues- current period 2.9 % 1.1 % 2.7 % (1) Change in rental income due to bad debt write-offs and reserves, net of amounts (including governmental rental assistance payments) collected on previously written-off or reserved accounts.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

2nd Quarter 2025 Earnings Release 20 Table of Contents Equity Residential Selected Unsecured Public Debt Covenants June 30, March 31, 2025 2025 Debt to Adjusted Total Assets (not to exceed 60%) 28.0% 26.8% Secured Debt to Adjusted Total Assets (not to exceed 40%) 6.1% 6.2% Consolidated Income Available for Debt Service to Maximum Annual Service Charges (must be at least 1.5 to 1) 5.41 6.00 Total Unencumbered Assets to Unsecured Debt (must be at least 125%) 464.8% 493.3% Note: These selected covenants represent the most restrictive financial covenants relating to ERP Operating Limited Partnership's ( ERPOP ) outstanding public debt securities.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Selected Credit Ratios June 30, March 31, 2025 2025 Total debt to Normalized EBITDAre 4.49x 4.25x Net debt to Normalized EBITDAre 4.45x 4.21x Unencumbered NOI as a % of total NOI 90.4% 90.5% Note: See Normalized EBITDAre Reconciliations for detail.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

2nd Quarter 2025 Earnings Release 25 Table of Contents Equity Residential Residential Capital Expenditures to Real Estate For the Six Months Ended June 30, 2025 (Amounts in thousands except for apartment unit and per apartment unit amounts) Same Store Properties Non-Same Store Properties Total Consolidated Properties Same Store Avg.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Per Apartment Unit Total Consolidated Apartment Units 75,072 9,638 84,710 Recurring Capital Expenditures $ 74,245 $ 7,610 $ 81,855 $ 989 NOI-Enhancing Expenditures: Renovation Expenditures 40,933 (1) 6,699 (3) 47,632 545 Other (2) 7,899 1,057 8,956 105 Total NOI-Enhancing Expenditures 48,832 7,756 56,588 650 Total Capital Expenditures to Real Estate (4) $ 123,077 $ 15,366 $ 138,443 $ 1,639 (1) Renovation Expenditures on 1,355 same store apartment units for the six months ended June 30, 2025 approximated $30,000 per apartment unit renovated.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Note: Non-Residential Capital Expenditures to Real Estate were approximately $5.5 million, $0.4 million and $5.9 million for Same Store Properties, Non-Same Store Properties and Total Consolidated Properties, respectively.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Strategy & priorities

“Equity Residential’s unique exposure to the low supply urban centers of New York and San Francisco are driving current period results and demonstrate the benefits of our portfolio’s diversification between urban and suburban submarkets in both our coastal Established Markets and high demand Expansion Markets.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Investment Activity During the second quarter of 2025, the Company acquired a portfolio of eight properties consisting of 2,064 apartment units, located in the Company's Expansion Market of Atlanta, for an aggregate acquisition price of approximately $533.8 million at a weighted average Acquisition Cap Rate of 5.1%.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Worth 12 3,855 2.1 % 1,960 Austin 3 742 0.4 % 1,724 Subtotal – Expansion Markets 53 15,695 11.0 % 2,064 Total 319 86,422 100.0 % $ 3,075 Properties Apartment Units Wholly Owned Properties (1) 302 82,054 Partially Owned Properties – Consolidated 12 2,656 Partially Owned Properties – Unconsolidated (1) 5 1,712 319 86,422 (1) During the second quarter of 2025, the Company acquired its joint venture partner's 10% interest in a previously unconsolidated 270-unit apartment property in Denver, CO for approximately $3.6 million and also contributed $50.5 million for the joint venture to repay the third party construction loan encumbering the property.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

2.1 % 0.0 % 6.4 % 5.7 % 4.7 % 3.2 % New York 4.0 % 1.4 % 4.8 % 4.8 % 4.5 % 3.5 % Boston (0.1 %) (5.3 %) 4.7 % 4.5 % 2.6 % 0.0 % Seattle (2.4 %) (3.4 %) 5.2 % 5.5 % 2.0 % 1.8 % Subtotal – Established Markets 0.8 % (1.3 %) 5.3 % 5.0 % 3.4 % 2.3 % Denver (9.5 %) (13.2 %) 3.6 % 3.9 % (3.4 %) (6.1 %) Other Expansion Markets (13.2 %) (14.7 %) 3.3 % 1.5 % (4.3 %) (8.8 %) Subtotal – Expansion Markets (11.3 %) (14.0 %) 3.4 % 2.8 % (3.9 %) (7.4 %) Total (0.1 %) (2.2 %) 5.2 % 4.9 % 3.0 % 1.8 % (1) See Additional Reconciliations and Definitions of Non-GAAP Financial Measures and Other Terms for definitions.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Risks & headwinds

While Equity Residential’s management believes the assumptions underlying its forward-looking statements are reasonable, such information is inherently subject to uncertainties and may involve certain risks, including, without limitation, changes in general market conditions, including the rate of job growth and cost of labor and construction material, the level of new multifamily construction and development, government regulations and competition.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

These and other risks and uncertainties are described under the heading “Risk Factors” in our Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission (SEC) and available on our website, www.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Many of these uncertainties and risks are difficult to predict and beyond management’s control.

SEC original ↗Vivmark Residential — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Legal Proceedings 27 Item 4.

SEC original ↗Vivmark Residential — 10-K Annual report10-KFeb 13, 2026

We encourage our teams to step outside their comfort zones and pursue new challenges.

SEC original ↗Vivmark Residential — 10-K Annual report10-KFeb 13, 2026

The occurrence of the events discussed in the following risk factors could adversely affect, possibly in a material manner, our business, financial condition or results of operations, which could affect the value of our common shares of beneficial interest or preferred shares of beneficial interest (which we refer to collectively as Shares ), Preference Units, OP Units, restricted units and our public unsecured debt.

SEC original ↗Vivmark Residential — 10-K Annual report10-KFeb 13, 2026

Documents

Earnings deck slides

0 decks with slide view

Vivmark Residential — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Vivmark Residential — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

KE Holdings (BEKE) Real EstateInvitation Homes (INVH) Real EstateEquinix (EQIX) Real EstateAlexandria Real Estate Equities (ARE) Real EstateIron Mountain (IRM) Real EstateVici Properties (VICI) Real EstateMid-America Apartment Communities (MAA) Real EstateWelltower (WELL) Real Estate

Filings

73 documents

Earnings releases

22 documents

Presentations

2 documents

Transcripts

0 documents

No transcripts for Vivmark Residential are held in this edition of the library.

Mentioned by

4 companies

Other tracked companies whose held documents mention Vivmark Residential by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.