InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$61.26

2026-Oct-18

Market Cap

$23.0B

Volume

6.8M

52-Wk High

$71.50

52-Wk Low

$57.57

Trailing PE

26.5

P/S

7.32

Gross Margin

46.0%

Net Margin

27.9%

ROE

8%

ROIC

4%

Piotroski

7/9

Altman Z

1.8

Vivmark Residential is a real estate investment trust (REIT) and S&P 500 company formed through the August 2026 merger of equals between Equity Residential and AvalonBay Communities. The company focuses on the ownership, development, and management of high-quality apartment communities in premier U.S. markets, including major coastal cities and high-growth metro areas. Vivmark's portfolio consists of over 184,000 apartment homes with a substantial development pipeline. [25, 28, 40]

SectorReal EstateIndustryREIT - ResidentialExchangeNYSEMarket Cap$23.0BEmployees2,400 (SEC-filed)CEOBenjamin W. SchallIPO1993-08-12CountryUS

Two North Riverside Plaza, Chicago, IL 60606 · equityapartments.com

INSIDERSTREET SCORENOT SCOREDStreet mean $72.64 (11 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$4M sold / 6 mo, zero open-market buys

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

PRICE STRUCTURELEAN BULLISHTechnical Score 60 / 100 · Power +19 · 14 of 20 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Trigger	Where it stands now	What it would mean
Institutional holder count rises two quarters running	peak 708 → now 706	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score1 of 4top 66% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)0 buysnone disclosed

Insider Buys (180d)0none disclosed

ETF Funds (30d)394 up / 317 downnet +77 funds

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Institutions holding — 12 quarters

Peak 708 · latest 706 (-2 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q1	706	652.4M	$17.7B	170.6%
2025 Q4	689	708.3M	$20.5B	185.2%
2025 Q3	687	647.3M	$19.4B	169.3%
2025 Q2	708	703.6M	$22.2B	184.0%
2025 Q1	704	706.9M	$23.7B	184.9%
2024 Q4	684	711.1M	$24.0B	186.0%
2024 Q3	679	700.8M	$24.5B	183.3%
2024 Q2	653	702.4M	$22.9B	183.7%
2024 Q1	628	713.9M	$21.2B	186.7%
2023 Q4	636	705.1M	$20.3B	184.4%
2023 Q3	588	706.3M	$19.6B	184.7%
2023 Q2	611	709.9M	$22.1B	185.6%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Neithercut David J	director	2026-09-09	GIFT	1,325	—	86,745
Neithercut David J	director	2026-09-09	GIFT	1,325	—	1,333
Neithercut David J	director	2026-09-09	GIFT	1,322	—	11
Neithercut David J	director	2026-09-09	GIFT	1,322	—	426,412
Neithercut David J	director	2026-09-09	GIFT	1,325	—	85,420
Neithercut David J	director	2026-09-09	GIFT	1,325	—	2,752
Neithercut David J	director	2026-09-09	GIFT	977	—	1,775
Neithercut David J	director	2026-09-09	GIFT	977	—	427,389

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	8	58,286	$3.7M	Counted
G — Gifts	4	4,949	—	None
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$3.7M8 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-09-24	Garechana Robert	26,000	$1.6M
2026-09-11	Parrell Mark J.	80,852	$5.3M
2026-09-09	Carr Chris	1,130	$0.1M
2026-09-02	Carraway Catherine	2,281	$0.1M
Trailing 12 mo	15 filings	217,762	$14M

Member	Chamber	Trade	Size band	Traded	Disclosed
Ro Khanna	House	SELL	$1,001 - $15,000	2026-09-11	2026-10-09

House 12-Mo1 trades0 purchases

Senate 12-Mo0 tradesNone purchases

CoverageSTOCK Act filings30-45 day disclosure lag

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

13F Filers (last complete Q)689

13F Shares354M92.6% of shares out

New / Closed87 / 74positions, QoQ

Increased / Reduced245 / 256positions, QoQ

Put/Call (13F)1.20option positions

Free Float47.9%371M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Fort Washington Investment Advisor	638,739	$39M
Perpetual Ltd	438,628	$27M
Ifm Investors Pty Ltd	323,289	$20M
Czech National Bank	206,763	$13M
Auto-Owners Insurance Co	181,545	$11M
Fjarde Ap-Fonden /Fourth Swedish N	179,162	$11M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VGSNX	2.5%	$1.6B
VNQ	2.5%	$1.6B
VGSLX	2.5%	$1.6B
VITSX	0.1%	$1.5B
VSMPX	0.1%	$1.5B
VTSAX	0.1%	$1.5B

13F Filers Holding VMRK — quarterly

Institutional Put/Call — quarterly

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session45.6%2026-10-15

20-Day Avg48.6%50-day 52.7%

TrendFalling20d vs 50d

By Market CenterQ: 45% · N: 65% · B: 66%latest session

No tier-1 ATS records for VMRK in the FINRA dark-pool feed — off-exchange activity in this name runs through tier-2 venues below the reporting threshold.

3.8 · Employees (SEC filings)

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Officer	Title
Mark J. Parrell	President, Chief Executive Officer & Trustee
Michael L. Manelis	Executive Vice President & Chief Operating Officer
Robert A. Garechana	Executive Vice President & Chief Investment Officer
Bret McLeod	Executive Vice President & Chief Financial Officer

Ratio	TTM	Trend
PROFITABILITY
ROE	8%
ROA	4.3%
ROIC	4.5%
Gross margin	46.0%
Operating margin	28.1%
Net margin	27.9%
EBITDA margin	72.5%
FCF margin	—
VALUATION
P/E	26.5
P/B	2.2
P/S	7.32
P/FCF	19.5
EV/EBITDA	13.8
EV/Revenue	10.0
Earnings yield	3.74%
FCF yield	5.12%

Ratio	TTM	Trend
LEVERAGE & SOLVENCY
Current ratio	0.12
Quick ratio	0.12
Debt / equity	0.81
Debt / assets	42.2%
Net debt / EBITDA	3.75
Interest coverage	—

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	TTM	Trend
EFFICIENCY
Asset turnover	0.15
Receivables turnover	—
DSO (days)	—
DPO (days)	26
Cash conversion cycle	-26
GROWTH (YoY)
Revenue growth	—
Net income growth	—
EPS growth	—
FCF growth	—
PER SHARE ($)
EPS (diluted, TTM)	2.29
Book value / share	28.47
Revenue / share	8.20
FCF / share	3.07
Cash / share	0.10
SHAREHOLDER RETURN & SCORES
Buyback yield	—
Altman Z-Score	1.8
Piotroski F-Score	7/9
Beneish M-Score	—

Model	Score	Zone	Note
Piotroski F-Score	7 / 9	Strong
Altman Z-Score	1.8	Distress (<1.81)	Grey
Income quality	1.74	Cash-backed	OCF ÷ net income

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
AVB	$26.3B	25.2	9%	20.0%	+3.4%	5/9	-2.5%
ESS	$17.3B	41.9	8%	12.8%	+4.7%	4/9	+4.6%
INVH	$16.0B	24.8	7%	29.3%	+6.7%	7/9	-4.9%
SUI	$14.4B	-16.7	-13%	—	-20.0%	4/9	-4.5%
MAA	$13.5B	34.1	7%	21.9%	+0.8%	7/9	—
ELS	$11.9B	30.6	23%	24.2%	+9.6%	7/9	—
AMH	$11.2B	24.8	7%	24.9%	+4.5%	8/9	—
UDR	$11.0B	21.7	17%	16.2%	+1.5%	7/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Hold

46 Analysts

Str Sell (0)Sell (2)Hold (31)Buy (13)Str Buy (0)

Mean Target (qtr)$72.6411 targets

Target vs. Price+18.6%last-quarter mean

Next Report2026-11-04street $0.38

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$3.16B	$3.16B / $3.14B	$1.27	$1.28 / $1.26	4
FY2027	$3.33B	$3.37B / $3.28B	$1.72	$1.73 / $1.70	6
FY2028	$3.39B	$3.49B / $3.16B	$2.08	$2.39 / $1.62	3

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$70.50	+15.1%	2
Last Quarter	$72.64	+18.6%	11
Last Year	$72.10	+17.7%	32
All Time	$75.83	+23.8%	72

Rolling mean of published targets vs. last close $61.26. Aggregated from StreetInsider, Benzinga.

Third-Party Composite Rating

B+

DCF

4/5

ROE

3/5

ROA

4/5

Debt/Eq

3/5

P/E

2/5

P/B

2/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$60.52	+0.74	+1.22%	Above
SMA 50	$63.38	-2.12	-3.34%	Below
EMA 9	$60.88	+0.38	+0.62%	Above
EMA 21	$61.26	+0.00	+0.00%	Above
EMA 50	$63.45	-2.19	-3.45%	Below

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTLEAN BULLISHPower Score +1914 of 20 indicator votes bullish

Family Scores (site weights)

Trend 30%50

Momentum 25%73

Volume 20%69

Volatility 10%50

Patterns 15%50

Price vs SMA 20$60.52

Price vs SMA 50$63.38

EMA 9/21 Cross60.9/61.3

ADX DirectionADX 25

Supertrend$63

Parabolic SAR$59

SMA Slope-0.000

RSI47.0

Stochastic K/D74/74

StochRSI K/D96/95

Williams %R-20

CCI106

TSI vs Signal-16.6

CMO-6.1

ROC3.71%

OBV SignalAccum

Chaikin MF0.130

MFI58

Force Index0M

Elder Ray Bull0.47

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 74

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$61.26 / $61.73 / $62.28	S1 / S2	$60.71 / $60.24
Bollinger (20,2)	$59.16 – $61.88	Squeeze	ON
ATR (14)	$1.18 (1.9%)	Historical vol	17.0%

VMRK EQUITY WEATHER (LIVE)RAINY · -21

Trend-36

Momentum+23

Volume-33

Volatility-30

Breadth-50

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall-21.1+5.4 vs industry

Trend-35.8+6.7 vs industry

Momentum+23.2+26.7 vs industry

Volume-33.4+1.2 vs industry

Reading	VMRK	REIT - Residential n=75	Real Estate n=2,764	All US symbols n=70,435
Overall	-21.1	-26.5	-28.0	-20.5
Trend	-35.8	-42.5	-37.3	-21.3
Momentum	+23.2	-3.5	-17.0	-15.8
Volume	-33.4	-34.6	-26.6	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
David J. Neithercut Chief Executive Officer	$6.4M	56% equity+incentive
Alan W. George Executive Vice President & Ch	$2.5M	51% equity+incentive
Frederick C. Tuomi Executive Vice President	$2.3M	51% equity+incentive
David S. Santee Executive Vice President- Op	$2.1M	51% equity+incentive
Mark J. Parrell Executive Vice President & C	$2.0M	50% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	54
Social	60
Governance	59
Composite ESG	57

Filed	8-K contents	Items
2026-09-16	Regulation FD; Exhibits	7.01,9.01
2026-09-09	Regulation FD; Exhibits	7.01,9.01

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	not present for this symbol
Fundamentals	income_statements_annual	not present for this symbol
Reported vs consensus	fact/earnings_calendar	not present for this symbol
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	114 rows · 1997 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-08-31 to 2026-09-09
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	not present for this symbol
Short-sale volume (FINRA)	edgar/short_volume_daily	42 rows · 2026-08-18 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	not present for this symbol
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

Vivmark Residential (VMRK)

Vivmark Residential (VMRK)

Vivmark Residential (VMRK)

Institutions holding — 12 quarters

Vivmark Residential (VMRK)

Monthly Net Insider Flow (000 shares)

Signal Summary

Vivmark Residential (VMRK)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding VMRK — quarterly

Institutional Put/Call — quarterly

3.8 · Employees (SEC filings)

Vivmark Residential (VMRK)

Vivmark Residential (VMRK)

Vivmark Residential (VMRK)

Street Price Target — Trajectory

Third-Party Composite Rating

Vivmark Residential (VMRK)

Family Scores (site weights)

Vivmark Residential (VMRK)

Vivmark Residential (VMRK)