Big Apartment Landlords EQR, UDR Post Higher Revenue Even With Concessions for Renters

Equity Residential and UDR, two of the nation’s largest apartment real estate investment trusts, both reported recoveries in their revenue and net operating incomes as the broader multifamily industry lifts itself out of the economic rubble caused by the COVID-19 pandemic. But there are lasting hangover effects from the events of 2020 in the form of concessions.