Sign in

    Ianna Gallen

    Vice President and Equity Research Analyst at Bank of America

    Ianna Gallen is a Vice President and Equity Research Analyst at Bank of America, focusing on US retail sector analysis with coverage of major retail companies such as Walmart, Target, Home Depot, and Lowe’s. Renowned for her data-driven recommendations, Gallen has achieved a positive success rate with average annualized returns exceeding sector benchmarks, earning recognition on analyst performance platforms. She began her finance career at J.P. Morgan before joining Bank of America in 2019, and has since built a strong reputation for her detailed industry insights. Professionally, Gallen holds FINRA Series 7 and 63 licenses, and is known for her clear communication and highly rated client presentations.

    Ianna Gallen's questions to EQUITY RESIDENTIAL (EQR) leadership

    Ianna Gallen's questions to EQUITY RESIDENTIAL (EQR) leadership • Q2 2025

    Question

    Ianna Gallen from Bank of America asked about the company's use of concessions during the recent leasing season compared to last year and its potential impact on 2026 renewals. She also inquired about any performance differentiation between Washington D.C.'s district and Northern Virginia submarkets.

    Answer

    EVP & COO Michael Manelis explained that Q2 concession use was higher than expected, averaging seven days per move-in, to support occupancy in supply-heavy markets. He noted this could drive higher net effective rent growth on renewals next year. Regarding D.C., he described the recent softness as systemic, affecting both the district and parts of Northern Virginia, but noted demand recovered quickly when pricing was adjusted.

    Ask Fintool Equity Research AI

    Ianna Gallen's questions to EQUITY RESIDENTIAL (EQR) leadership • Q2 2025

    Question

    An analyst from Bank of America asked about Equity Residential's use of concessions during the spring and summer leasing season compared to last year and how this might affect renewals in 2026. They also inquired about performance differences between Washington D.C. proper and Northern Virginia.

    Answer

    EVP & COO Michael Manelis explained that concession use was higher than expected in Q2, averaging about seven days per move-in, to support occupancy in supply-heavy submarkets. He expects this to continue in expansion markets and parts of LA. Regarding D.C., he noted the recent softness is systemic across both the district and Northern Virginia, describing it as a 'watch market' where demand responded quickly to rate adjustments.

    Ask Fintool Equity Research AI