BMO Capital Downgrades Equity Residential (EQR) to Market Perform

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Go back to BMO Capital Downgrades Equity Residential (EQR) to Market Perform

Equity Residential Reports Second Quarter 2016 Results

July 26, 2016 4:13 PM EDT

Revises Full Year Financial and Operating Guidance

CHICAGO--(BUSINESS WIRE)-- Equity Residential (NYSE: EQR) today reported results for the quarter and six months ended June 30, 2016. All per share results are reported as available to common shares/units on a diluted basis.

After five consecutive years of exceptional fundamentals, elevated levels of new supply and slowing growth of higher paying jobs in San Francisco and New York have created headwinds that cause us to reduce our revenue growth expectations to be more in line with long term historical trends, said David J. Neithercut,... More