Equity Residential: Q3 Earnings Snapshot
By AP News
Published - Oct 30, 2024, 04:38 PM ET
Last Updated - Oct 30, 2024, 04:38 PM EDT
CHICAGO (AP) — CHICAGO (AP) — Equity Residential (EQR) on Wednesday reported a key measure of profitability in its third quarter. The results matched Wall Street expectations.
The Chicago-based real estate investment trust said it had funds from operations of $384.5 million, or 98 cents per share, in the period.
The average estimate of 12 analysts surveyed by Zacks Investment Research was for funds from operations of 98 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
