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Equity Residential ( (EQR) ) has shared an update.
Equity Residential has implemented an Executive Severance Plan to offer standardized severance benefits for its management employees, excluding change in control situations. This plan is intended to aid in executive retention and recruitment, while providing the company with protections and minimizing potential costs from disputes. Additionally, ERP Operating Limited Partnership, the company’s operating partnership, has raised its commercial paper program limit from $1 billion to $1.5 billion, enhancing its capacity to issue unsecured notes in the U.S. market.
More about Equity Residential
Equity Residential is a company operating in the real estate industry, primarily focusing on the management and development of residential properties. The company offers housing solutions and related services, targeting urban and metropolitan markets.
YTD Price Performance: 22.51%
Average Trading Volume: 1,530,538
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $28.45B
For an in-depth examination of EQR stock, go to TipRanks’ Stock Analysis page.
