Correspondence 0000950170-24-069342 from EQUITY RESIDENTIAL (EQR) (CIK 0000906107) (EQR)
EQUITY RESIDENTIAL (EQR) (CIK 0000906107)
Date: June 5, 2024 · CIK: 0000906107 · Accession: 0000950170-24-069342
AI Filing Summary & Sentiment
File numbers found in text: 000-24920, 001-12252
Referenced dates: May 29, 2024
Letter
2 N. Riverside Plaza
Suite 400
Chicago, IL 60606
EquityApartments.com
June 5, 2024
VIA EDGAR
Mr. Peter McPhun
Mr. Mark Rakip
Division of Corporation Finance
Office of Real Estate & Construction
U.S. Securities and Exchange Commission
Washington, D.C. 20549
Re: Equity Residential
ERP Operating Limited Partnership
Form 10-K for the fiscal year ended December 31, 2023
Filed February 15, 2024
File No. 001-12252
File No. 000-24920
Mr. McPhun and Mr. Rakip,
On behalf of Equity Residential and ERP Operating Limited Partnership (collectively, the “Company”), this letter responds to the comment set forth in your letter dated May 29, 2024. For your convenience, we have repeated the comment provided in your letter:
Form 10-K for fiscal year ended December 31, 2023
Item 8. Financial Statements and Supplementary Data
Consolidated Financial Statements
Notes to Consolidated Financial Statements
17. Reportable Segments, page F-56
1.We note you do not appear to provide a reconciliation for your segment measure of profit or loss of Net operating income. In future periodic filings, including your subsequent interim Form 10-Q filings, please provide a reconciliation to reconcile your segment measure to Net (loss) income before income tax. Refer to ASC 280-10-50-30b.
The Company acknowledges the Staff’s comment and in response will revise its disclosure in future periodic filings accordingly, beginning with the Form 10-Q for the quarter ended June 30, 2024.
2 N. Riverside Plaza
Suite 400
Chicago, IL 60606
EquityApartments.com
Mr. Peter McPhun
Mr. Mark Rakip
June 5, 2024
Page 2
Please feel free to contact me at (312) 928-1239 should you require any additional information or have any questions.
Sincerely,
Equity Residential
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2 N. Riverside Plaza
Suite 400
Chicago, IL 60606
EquityApartments.com
June 5, 2024
VIA EDGAR
Mr. Peter McPhun
Mr. Mark Rakip
Division of Corporation Finance
Office of Real Estate & Construction
U.S. Securities and Exchange Commission
Washington, D.C. 20549
Re: Equity Residential
ERP Operating Limited Partnership
Form 10-K for the fiscal year ended December 31, 2023
Filed February 15, 2024
File No. 001-12252
File No. 000-24920
Mr. McPhun and Mr. Rakip,
On behalf of Equity Residential and ERP Operating Limited Partnership (collectively, the “Company”), this letter responds to the comment set forth in your letter dated May 29, 2024. For your convenience, we have repeated the comment provided in your letter:
Form 10-K for fiscal year ended December 31, 2023
Item 8. Financial Statements and Supplementary Data
Consolidated Financial Statements
Notes to Consolidated Financial Statements
17. Reportable Segments, page F-56
1.We note you do not appear to provide a reconciliation for your segment measure of profit or loss of Net operating income. In future periodic filings, including your subsequent interim Form 10-Q filings, please provide a reconciliation to reconcile your segment measure to Net (loss) income before income tax. Refer to ASC 280-10-50-30b.
The Company acknowledges the Staff’s comment and in response will revise its disclosure in future periodic filings accordingly, beginning with the Form 10-Q for the quarter ended June 30, 2024.
2 N. Riverside Plaza
Suite 400
Chicago, IL 60606
EquityApartments.com
Mr. Peter McPhun
Mr. Mark Rakip
June 5, 2024
Page 2
Please feel free to contact me at (312) 928-1239 should you require any additional information or have any questions.
Sincerely,
Equity Residential
ERP Operating Limited Partnership
By Equity Residential, its General Partner
/s/ Robert A. Garechana
Robert. A. Garechana
Executive Vice President and
Chief Financial Officer
cc:
Nathan Brames, Ernst & Young LLP