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Equity Residential (EQR) Matches Q2 FFO Estimates

Equity Residential (EQR) came out with quarterly funds from operations (FFO) of 0.99pershare,inlinewiththeZacksConsensusEstimate.ThiscomparestoFFOof0.99 per share, in line with the Zacks Consensus Estimate . This compares to FFO of 0.97 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this real estate investment trust would post FFO of 0.93persharewhenitactuallyproducedFFOof0.93 per share when it actually produced FFO of 0.95, delivering a surprise of +2.15%.Over the last four quarters, the company has surpassed consensus FFO estimates just once.Eq ...