8-KItem 8.01 · Other EventsItem 9.01 · Financial Statements
Equity Residential files pro forma details for proposed $25.5 billion AvalonBay merger
Filed with the SEC on · Summarized by InvestorsBot
Equity Residential and AvalonBay expect to complete their stock-for-stock merger in the second half of 2026, with AvalonBay shareholders receiving 2.793 Equity Residential shares per AvalonBay share and owning about 51% of the combined company, versus 49% for existing Equity Residential shareholders. The filing estimates the transaction at approximately $25.5 billion and shows pro forma 2025 revenue of $6.14 billion, while also outlining about $740 million in estimated transaction costs and a potential $2.0 billion bridge facility; the unaudited figures are preliminary and exclude expected synergies.