Equity Residential agrees to USD 56 million RealPage rent-fixing lawsuit settlement

Equity Residential

Equity Residential

EQR

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  • Equity Residential reached settlement agreement on April 13, 2026 to resolve consolidated putative class action alleging RealPage-related rent price-fixing.
  • Settlement requires payment of USD 56 million into settlement fund about 30 days after execution.
  • Court approval remains pending for both preliminary and final clearance.
  • Equity Residential expects to increase loss contingency reserve in first-quarter 2026 results, cutting GAAP earnings and Nareit FFO.
  • Company continues to defend separate District of Columbia case tied to similar allegations involving RealPage.


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