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    Haendel St. Just

    Managing Director and Senior Equity Research Analyst at Mizuho Securities

    Haendel St. Juste is a Managing Director and Senior Equity Research Analyst at Mizuho Securities USA, specializing in U.S. Real Estate Investment Trusts (REITs). He covers a wide range of publicly traded real estate companies, including AvalonBay Communities, Simon Property Group, American Homes 4 Rent, and Kimco Realty, and is actively engaged in setting price targets and providing investment recommendations for these firms. Prior to joining Mizuho in February 2016, he co-headed REITs & Homebuilders research at Morgan Stanley and led REIT coverage at Keefe, Bruyette & Woods and Green Street Advisors, bringing over sixteen years of experience in equity research and investment banking. St. Juste holds an MBA from NYU’s Stern School of Business and a BA from Adelphi University, and maintains active FINRA registration as a broker with the required securities licenses.

    Haendel St. Just's questions to EQUITY RESIDENTIAL (EQR) leadership

    Haendel St. Just's questions to EQUITY RESIDENTIAL (EQR) leadership • Q2 2025

    Question

    On behalf of Haendel St. Just at Mizuho Securities, a question was asked about the operating strategy and concession expectations for the D.C. and Los Angeles markets in the second half of the year. A follow-up question requested details on renewal rates being sent out for August and September.

    Answer

    EVP & COO Michael Manelis stated that in D.C., the strategy is to maintain occupancy, with some concessions expected in the shoulder season. In L.A., performance varies by submarket, with West L.A. showing strength while Downtown will likely continue to see concessions. For upcoming renewals, he noted offers were sent at just over 6%, with an expected achievement of 4.25% to 4.5% on a net effective basis.

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