VMRK on NYSE

Vivmark Residential

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4

Apartment real estate investment trust

Vivmark Residential (formerly Equity Residential), based in Arlington, Virginia, and Chicago, Illinois, is a real estate investment trust that invests in apartments. As of August 2026, the company owned or had investments in 184,000 rental apartments and had over 11,100 apartments under construction.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

1969Founded1

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  • TickerVMRK on NYSE1
  • Industryreal estate industry1
  • HeadquartersBel Air1
  • Websitewww.equityapartments.com
  • Legal formreal estate investment trust1
  • Business addressVivmark Residential, Two North Riverside Plaza, Suite 400, Chicago, Il 606065
  • Filer categoryLarge accelerated filer5

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2 North Riverside Plaza 20181219 153146
Photo: SecretName101, CC BY-SA 4.0, via Wikimedia Commons7

Vivmark Residential (formerly Equity Residential), based in Arlington, Virginia, and Chicago, Illinois, is a real estate investment trust that invests in apartments. As of August 2026, the company owned or had investments in 184,000 rental apartments and had over 11,100 apartments under construction.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2019

50.2%Operating margin8
35.9%Net margin8
9.4%Return on equity9
0.89×Debt to equity10

Where the money goes

Where each dollar of revenue went, fiscal 2019

  • Other costs64¢$1.7B
  • Income tax0¢$2.3M
  • Profit36¢$970.4M

Out of $2.7B in revenue.108

Where each dollar of operating cash went, fiscal 2019

  • Dividends paid57¢$831.1M
  • Kept or used elsewhere43¢$625.9M

Out of $1.5B of cash from operations.8

Financial statements

Every line of the income statement as filed: the last 4 fiscal years, latest first.14

Period ending2025-12-312024-12-312023-12-312022-12-31
Rental income$3.1B$3.0B$2.9B$3.1B
Property and maintenance$564.7M$529.7M$514.6M
Real estate taxes and insurance$450.5M$432.1M$412.1M
Property management$133.4M$132.7M$119.8M
General and administrative$65.3M$61.7M$60.7M
Depreciation$1.0B$952.2M$888.7M
Total expenses$2.2B$2.1B$2.0B
Net gain (loss) on sales of real estate properties$626.4M$546.8M$282.5M
Interest and other income$52.4M$30.3M$22.3M
Other expenses-$60.5M-$74.1M-$29.4M
Expense incurred, net-$306.8M-$285.7M-$269.6M
Amortization of deferred financing costs-$8.8M-$7.8M-$8.9M
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels$1.2B$1.1B$875.0M
Income and other tax (expense) benefit-$1.6M-$1.3M-$1.1M
Income (loss) from investments in unconsolidated entities-$18.9M-$9.0M-$5.4M
Net gain (loss) on sales of land parcels-$80.0K
Net income$1.2B$1.1B$868.5M
Operating Partnership-$27.4M-$28.9M-$26.7M
Partially Owned Properties-$4.5M-$6.2M-$6.3M
Net income attributable to controlling interests$1.1B$1.0B$835.4M
Preferred distributions-$1.4M-$1.6M-$3.1M
Premium on redemption of Preferred Shares-$1.4M
Net income available to Common Shares$1.1B$1.0B$832.3M
Net income available to Common Shares$2.95$2.73$2.20
Weighted average Common Shares outstanding379.6M shares378.8M shares378.8M shares
Net income available to Common Shares$2.94$2.72$2.20
Weighted average Common Shares outstanding390.4M shares390.7M shares390.9M shares

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The story

Founded by Sam Zell in 1969.1

The company had its origins in Equity Finance and Management Company, founded in 1969 by Sam Zell. In 1993, the company acquired a large portfolio of properties from Starwood Capital Group, owned by Barry Sternlicht and Bob Faith, in exchange for a 20% stake in the company. Starwood had acquired the properties via government auctions after the savings and loan crisis. In August 1993, the company became a public company via an initial public offering. At that time, the company owned 22,000 apartments.

In 1997, the company acquired Wellsford Residential Property Trust for $620 million in stock and the assumption of $346 million of debt. It also acquired Evans Withycombe Residential for $625 million in stock and the assumption of $432 million in debt.

In 1998, the company acquired a portfolio of 5,774 apartments from Lincoln Property Company for $465 million. It also acquired Merry Land, which owned 34,990 units in the southeast United States, for $1.17 billion in stock as well as $656 million in debt and $270 million in preferred stock.

In 1999, the company acquired Lexford Residential Trust for $203 million in stock and the assumption of $530 million of debt. Lexford owned mainly one-story affordable housing units, rented to households with incomes between $25,000 and $35,000.

In January 2003, CEO Douglas Crocker retired. During his tenure, the company increased its ownership from 22,000 apartments to 227,000 apartments. In 2006, the company sold its Lexford affordable housing division, which included 27,115 apartment units, for $1.09 billion.

In February 2013, the company and AvalonBay Communities closed a $9 billion deal to acquire Archstone from Lehman Brothers. In 2013, the company sold 8,010 apartment units to a joint venture of Goldman Sachs and Greystar Real Estate Partners for $1.5 billion. In 2016, the company sold 23,262 apartments to Starwood Capital Group for $5.365 billion.

In August 2026, the company acquired AvalonBay Communities and changed its name to Vivmark Residential.

From Wikipedia’s article on Vivmark Residential, shared under CC BY-SA 4.0.6

Leadership

Who has led Vivmark Residential, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Bruce W. Duncan2006
  2. David J. Neithercut2006–2018
  3. Mark J. Parrell2019–2026
  4. Benjamin Schall2026–now

President

  1. David J. Neithercut2006–2018
  2. Mark J. Parrell2018–2026
  3. Benjamin Schall2026–now

Chief financial officer

  1. Donna Brandin2006–2007
  2. John G. Lennox Jr.2007
  3. Mark J. Parrell2007–2018
  4. Robert Garechana2018–2025
  5. Bret McLeod2025–2026
  6. Kevin P. O'Shea2026–now

Chief operating officer

  1. Gerald A. Spector2006–2008
  2. David S. Santee2013–2018
  3. Michael L. Manelis2019–now
197019801990200020102020
Board members and other officers (48)

Former names

  • EQUITY RESIDENTIALNov 13, 2002 to Aug 12, 20265
  • EQUITY RESIDENTIAL PROPERTIES TRUSTFeb 10, 1994 to Oct 30, 20025

Timeline

  1. Aug 18, 2026New chief executive Benjamin Schall becomes CEO15
  2. Jan 22, 2019New chief executive Mark J. Parrell becomes CEO16
  3. Feb 7, 2006New chief executive David J. Neithercut becomes CEO18
  4. Jan 5, 2006New chief executive Bruce W. Duncan becomes CEO17
  5. 1969Founded Founded1

Filings

421 filings to the SEC since October 2021: 43 major events, 252 insider forms, 23 large holders, 103 other. The latest 20:

  1. Sep 24, 2026144 EDGAR
  2. Sep 24, 20263/A PRIMARY DOCUMENT EDGAR
  3. Sep 24, 20263/A PRIMARY DOCUMENT EDGAR
  4. Sep 16, 20268-K EDGAR
  5. Sep 11, 2026144 EDGAR
  6. Sep 11, 20264 PRIMARY DOCUMENT EDGAR
  7. Sep 11, 20264 PRIMARY DOCUMENT EDGAR
  8. Sep 9, 2026144 EDGAR
  9. Sep 9, 20268-K EDGAR
  10. Sep 2, 2026144 EDGAR
  11. Sep 2, 2026144 EDGAR
  12. Sep 2, 20264 PRIMARY DOCUMENT EDGAR
  13. Sep 2, 20264 PRIMARY DOCUMENT EDGAR
  14. Sep 1, 2026144 EDGAR
  15. Sep 1, 2026144 EDGAR
  16. Sep 1, 2026144 EDGAR
  17. Sep 1, 2026144 EDGAR
  18. Aug 27, 2026144 EDGAR
  19. Aug 26, 2026144 EDGAR
  20. Aug 26, 2026144 EDGAR

The 421 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 23 such filings since October 2021, the latest 10:

  1. May 15, 2026SCHEDULE 13G/A
  2. Apr 29, 2026SCHEDULE 13G
  3. Apr 29, 2026SCHEDULE 13G
  4. Mar 26, 2026SCHEDULE 13G/A
  5. Feb 17, 2026SCHEDULE 13G/A
  6. Nov 6, 2025SCHEDULE 13G/A
  7. Nov 14, 2024SC 13G/A
  8. Feb 14, 2024SC 13G
  9. Feb 13, 2024SC 13G/A
  10. Feb 13, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.45,712,847$3.1B0.0%+2,346,821
Norges Bank34,837,220$2.4B0.2%New
Vanguard Portfolio Management LLC31,091,765$2.1B0.1%−113,096
State Street Corp23,774,847$1.6B0.0%−328,840
Vanguard Capital Management LLC23,407,634$1.6B0.0%+562,899
First Eagle Investment Management, LLC19,058,216$1.3B1.1%+9,588,523
APG Asset Management US Inc.10,856,563$745.1M5.2%No change
Geode Capital Management, LLC10,607,485$718.1M0.0%+50,582
Fmr LLC6,955,754$472.5M0.0%+223,513
Deutsche Bank Ag\5,762,736$391.5M0.1%+1,468,523
Dimensional Fund Advisors LP5,384,176$365.8M0.1%−49,247
Invesco Ltd.5,211,680$354.0M0.0%−241,531
Northern Trust Corp5,081,677$345.2M0.0%−1,225,049
Charles Schwab Investment Management Inc4,993,498$339.2M0.0%+250,151
Legal & General Group Plc4,896,047$332.6M0.1%−39,980
Morgan Stanley4,505,352$306.0M0.0%+24,223
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC4,335,122$294.5M0.1%+4,262,792
Resolution Capital Ltd3,511,740$238.6M4.4%+1,467,045
American Century Companies Inc3,390,542$230.3M0.1%+559,533
Canada Pension Plan Investment Board3,153,606$214.2M0.1%+609,200
Jpmorgan Chase & Co3,133,026$214.1M0.0%−1,851,621
Bank Of America Corp /de/3,004,393$204.1M0.0%+133,118
Nuveen, LLC2,878,003$195.5M0.0%−203,092
Prudential Financial Inc2,505,097$170.2M0.2%+62,729
Goldman Sachs Group Inc2,453,101$166.6M0.0%−85,427

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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