Equity Residential (EQR) SEC Filing 10-Q Quarterly report for the period ending Friday, June 30, 2017

Exhibit 99.1

NEWS RELEASE - FOR IMMEDIATE RELEASE

JULY 25, 2017

Equity Residential Reports Second Quarter 2017 Results

Strong Demand Drives Revenue Guidance Increase

Chicago, IL – July 25, 2017 - Equity Residential (NYSE: EQR) today reported results for the quarter and six months ended June 30, 2017.  All per share results are reported as available to common shares/units on a diluted basis.

“Strong and steady demand for rental housing in our gateway, coastal markets continues to drive high occupancy, retention and renewal pricing despite elevated levels of new supply, ” said David J. Neithercut, Equity Residential’s President and CEO. “We are pleased to now expect full year same store revenue growth towards the upper end of our original guidance driven by Seattle, San Francisco and New York City which should meet our most optimistic projections for the year.  This, combined with slightly higher than expected expense growth, should produce same store net operating income growth for the year in the upper half of our original range of expectations.”

Second Quarter 2017

Earnings Per Share (EPS) for the second quarter of 2017 was $0.53 compared to $0.59 in the second quarter of 2016.  The difference is due primarily to higher property sale gains in the second quarter of 2017, the various adjustment items listed on page 24 of this release and the items described below.

FFO (Funds from Operations), as defined by the National Association of Real Estate Investment Trusts (NAREIT), was $0.77 per share for the second quarter of 2017 compared to $0.90 per share in the second quarter of 2016.  The difference is due primarily to the various adjustment items listed on page 24 of this release and the items described below.

Normalized FFO for the second quarter of 2017 was $0.77 per share compared to $0.76 per share in the second quarter of 2016.  The following items impacted Normalized FFO per share in the quarter:

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