8-KExhibits & Filings

EQUITY RESIDENTIAL 8-K Report, Exhibit Filing (Jun 26, 2013)

Filed June 26, 2013For Securities:EQR

Summary

This 8-K filing from Equity Residential (EQR), filed on June 26, 2013, primarily serves to provide updated financial information related to a significant acquisition. On February 27, 2013, the Company, through its operating partnership ERP Operating Limited Partnership, completed the acquisition of the Archstone Portfolio from Archstone Enterprise LP. This strategic move involved acquiring a portfolio of apartment properties and related assets, aiming to bolster EQR's real estate holdings. The filing includes Pro Forma Condensed Consolidated Statements of Operations for the quarter ended March 31, 2013, for both Equity Residential and its operating partnership. These pro forma statements are crucial for investors as they present the combined financial results as if the Archstone acquisition had occurred at an earlier point in time, providing a clearer picture of the ongoing operational performance and financial impact of this substantial transaction. Investors should review these statements to understand the immediate financial implications of integrating the Archstone Portfolio into EQR's operations.

Key Highlights

  • 1Equity Residential (EQR) completed the acquisition of the Archstone Portfolio on February 27, 2013.
  • 2The acquisition involved a portfolio of apartment properties and other assets from Archstone Enterprise LP.
  • 3This 8-K filing provides Pro Forma Condensed Consolidated Statements of Operations for the quarter ended March 31, 2013.
  • 4The pro forma financial information is presented for both Equity Residential and its operating partnership, ERP Operating Limited Partnership.
  • 5The purpose of the pro forma statements is to show the financial impact of the Archstone acquisition as if it had occurred prior to the reporting period.
  • 6Investors can use this information to better assess the Company's financial performance post-acquisition.

Frequently Asked Questions

The main purpose of this 8-K filing was to provide investors with Pro Forma Condensed Consolidated Statements of Operations for the quarter ended March 31, 2013. These statements reflect the financial impact of the significant acquisition of the Archstone Portfolio, which was completed on February 27, 2013.

The Archstone Portfolio acquisition included a portfolio of apartment properties and other assets from Archstone Enterprise LP and its affiliates.

Pro forma financial statements are important because they present the Company's financial results as if a significant event, such as the Archstone acquisition, had occurred at an earlier date. This helps investors understand the ongoing operational performance and the financial implications of major transactions more clearly, allowing for a better comparison of financial periods.

The Pro Forma Condensed Consolidated Statements of Operations cover both Equity Residential (EQR) and its operating partnership, ERP Operating Limited Partnership.