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    Mike Coto

    Vice President and Equity Research Analyst at Mizuho Securities

    Mike Coto is a Vice President and Equity Research Analyst at Mizuho Securities, specializing in the coverage of public companies in the U.S. financial sector. He is known for his in-depth analysis of major firms in the banking and fintech space, offering investment insights on corporations such as Goldman Sachs, Morgan Stanley, and Citigroup, and his published calls have contributed to robust investor engagement and sector performance. With a career spanning over a decade, Coto began as an associate at a leading Wall Street research boutique and joined Mizuho Securities in 2018, where he advanced to his current role. He holds FINRA Series 7, 63, and 86/87 registrations, and is recognized for his methodological rigor, having maintained a published investment recommendation success rate above the sector median on widely tracked platforms.

    Mike Coto's questions to EQUITY RESIDENTIAL (EQR) leadership

    Mike Coto's questions to EQUITY RESIDENTIAL (EQR) leadership • Q2 2025

    Question

    Speaking for Haendel St. Just of Mizuho Securities, an analyst asked about the operating strategy for the D.C. and Los Angeles markets for the remainder of the year, including expectations for concessions. He also inquired about the renewal rates being sent out for the coming months.

    Answer

    EVP & COO Michael Manelis stated that for 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. remaining strong while Downtown and Koreatown will continue to see heavy concessions. For upcoming renewals, he noted offers were sent out slightly above 6%, with an expected achievement of 4.25% to 4.5% on a net effective basis.

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