Equity Residential (EQR) Tops Q3 FFO by 1c

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Go back to Equity Residential (EQR) Tops Q3 FFO by 1c

Equity Residential Reports Third Quarter 2017 Results

October 24, 2017 5:13 PM EDT

CHICAGO--(BUSINESS WIRE)-- Equity Residential (NYSE: EQR) today reported results for the quarter and nine months ended September 30, 2017. All per share results are reported as available to common shares/units on a diluted basis. Earnings Per Share (EPS) was $0.37, Funds From Operations (FFO) was $0.81 per share and Normalized FFO was $0.80 per share for the third quarter of 2017, each as described in further detail below.

Continued steady demand for rental housing during the peak leasing season delivered strong occupancy, retention and renewal pricing which helped mitigate the impact of elevated levels of new... More