“Somebody Is Dumping Everything”: Mystery Investor Pukes $333M In Real Estate ETF In Dark Pool Trade

Wednesday, 20 May 2020, 17:30:00
“Somebody Is Dumping Everything”: Mystery Investor Pukes $333M In Real Estate ETF In Dark Pool Trade Tyler Durden Wed, 05/20/2020 – 13:30 Post-coronavirus pandemic, nobody really knows what the real estate market will look like. Will people travel less? Will we work from home more often? Will commercial and residential real estate be able to keep their respective bids once current leases run out? We’ve found at least one investor who doesn’t want to stick around and find out. One “mystery investor” blew out more than 10.5 million shares of an S&P 500 Real Estate fund last week, representing a $333 million sale. This amounts to about 7.4% of outstanding shares in the Real Estate Select Sector SPDR Fund, a macro indicator of the industry’s largest companies, according to The Real Deal . One anonymous investor commented: “That is obscene. It would be like Warren Buffett selling Delta all at once. A very large institution is expecting widespread weakness across the real estate market, more so than is already perceived.” The fund trades under the symbol XLRE and includes holdings like Prologis and Equity Residential and AvalonBay Communities.
— Zero Hedge

Equity Residential (EQR) Meets Q1 FFO Estimates, Scraps View

Wednesday, 6 May 2020, 12:49:00
Equity Residential (EQR) registers solid same-store revenues and net operating income in Q1 but withdraws current-year guidance on the coronavirus crisis.
— Zacks Investment Research

Equity Residential (EQR) Q1 FFO Match Estimates

Tuesday, 5 May 2020, 21:55:06
Equity Residential (EQR) delivered FFO and revenue surprises of 0.00% and -0.21%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
— Zacks Investment Research

Equity Residential Reports First Quarter 2020 Results

Tuesday, 5 May 2020, 20:25:00
CHICAGO–(BUSINESS WIRE)–Equity Residential (NYSE: EQR) today reported results for the quarter ended March 31, 2020 and preliminary April 2020 operating statistics as well as provided an update on activities related to the COVID-19 pandemic. “We are deeply grateful to the entire Equity Residential team and especially our on-site colleagues for their dedication to serving our 150,000 residents during this difficult time,” said Mark J. Parrell, Equity Residential’s President and CEO. “We have in
— Business Wire

10th Circuit slashes Lehman’s award for successful defense of Archstone LBO

Tuesday, 5 May 2020, 12:05:14
Minority shareholders who lost their 10-year, $4 billion class action lawsuit over Lehman Brothers’ 2007 privatization of the Archstone-Smith Real Estate Investment Trust won a $230,000 reduction in the amount of costs they must pay Lehman and the other prevailing parties, including Tishman Speyer Development Corp, Equity Residential and AvalonBay Communities.
— Reuters