VMRK Q3 2026 Core FFO Rises 5.1% to $1.03/Share in First Post-Merger Quarter
· The NYC Memo
Vivmark Residential (VMRK) reported Q3 2026 results on November 4, 2026, its first full quarter following the August 17, 2026 merger of Equity Residential and AvalonBay Communities, with total revenues of $1.19B and Core FFO per share of $1.03 versus $0.98 in Q3 2025. GAAP EPS was -$1.27, compared to $0.96 in Q3 2025, with $0.92 per share attributable to merger-related costs; the Merged Same Store Portfolio of 157,377 apartment homes posted NOI growth of 1.7% year-over-year with physical occupancy of 95.8%.
Full Year 2026 Core FFO guidance was set at $4.08–$4.12 per share, and expected annual net run-rate operating synergies were raised by $10M to $135M, with total merger-related costs revised down to approximately $725M from an initial $750M estimate.