Equity Residential (EQR) Tops Q2 EPS by 42c

Equity Residential (NYSE: EQR) reported Q2 FFO of $0.77, may not compare, $0.42 better than the analyst estimate of $0.35. Revenue for the quarter came in at $612.480 million versus the consensus estimate of $608.49 million.

GUIDANCE:

Equity Residential sees Q3 2017 FFO of $0.77-$0.81.

Equity Residential sees FY 2017 FFO of $3.08-$3.14.

2017 Same Store Assumptions

• Physical occupancy 95.8%
• Revenue change 1.75% to 2.25%
• Expense change 3.25% to 4.0%
• NOI change 0.75% to 1.75%

For earnings history and earnings-related data on Equity Residential (EQR) click here.

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