Vivmark Residential’s Credit Rating Upgraded to ‘A’ by S&P Global Ratings
ARLINGTON, Va. & CHICAGO, August 18, 2026--Vivmark Residential (NYSE: VMRK) today announced that S&P Global Ratings raised the Company's long-term issuer credit rating to 'A' with a stable outlook. Vivmark Residential is one of only four REITs with an 'A' rating from S&P Global Ratings.
In its rating announcement S&P Global Ratings noted its anticipation that Vivmark Residential will benefit from materially larger scale and operating efficiencies while maintaining a conservative financial policy.
"S&P's upgrade is an encouraging early affirmation of the financial strength and strategic benefits created by our merger," said Kevin O'Shea, Vivmark Residential's Chief Financial Officer. "Vivmark's scale, conservative balance sheet and disciplined financial policy should enhance our access to capital and provide an incremental advantage as we invest in our operating platform, development pipeline and other opportunities that can create long-term value for shareholders."
Vivmark Residential was created through a merger of equals between AvalonBay Communities, Inc. and Equity Residential, which was completed on August 17, 2026.
About Vivmark Residential
Vivmark Residential (NYSE: VMRK), an S&P 500 company, sets the mark for what home can be, and our vision is to be the most trusted and best-performing rental housing company in America, one that only gets better as it grows. Our people, scale and capabilities create a self-reinforcing performance cycle that delivers structurally higher growth. With more than 184,000 apartment homes across premier U.S. markets and over $4.4 billion in active development, Vivmark is redefining what rental housing can be. For more details, please visit www.vivmarkresidential.com.
Forward-Looking Statements
This communication contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. These statements, among other things, are based on current expectations, estimates and projections about the industry and markets in which Vivmark Residential ("Vivmark" or, together with its subsidiaries, "we," "us" or "our") (f/k/a Equity Residential) operates, as well as beliefs and assumptions of Vivmark. Words such as "anticipate," "become," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "outlook," "plan," "potential," "possible," "predict," "project," "target," "seek," "shall," "should," "will," or "would," including variations of such words and similar expressions, are intended to identify forward-looking statements. All statements that address operating performance, events or developments that Vivmark expects or anticipates will occur in the future are forward-looking statements, including statements relating to the anticipated synergies, cost savings and other benefits of the Merger (as defined below), integration plans, projected dividends, development net operating income, accretion and value creation, multifamily market conditions, development, redevelopment, acquisition or disposition activity, general conditions in the geographic areas where Vivmark operates and Vivmark's debt, capital structure and financial position. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors that are difficult to predict and may cause the actual results to differ materially from future results expressed or implied by such forward-looking statements.