Equity Residential Reports Full Year 2018 Results
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Equity Residential (EQR) Misses Q4 EPS by 5c; Offers Q1 EPS Guidance Below Consensus, FY19 EPS Outlook Above Consensus
January 29, 2019 4:26 PM ESTEquity Residential (NYSE: EQR) reported Q4 EPS of $0.31, $0.05 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $652.74 million versus the consensus estimate of $653 million.
We are pleased to have delivered same store revenue growth at the top end of our original guidance range and solid Normalized FFO growth in 2018. We saw a modest acceleration in our same store revenue results in the fourth quarter of 2018 and expect that to continue into 2019. Our outlook for 2019 is based on an expectation that continued economic growth will create the demand to... More
