04:36 PM EDT, 04/23/2024 (MT Newswires) -- Equity Residential ( EQR ) reported late Tuesday Q1 normalized funds from operations of $0.93 per diluted share, up from $0.87 a year earlier.

Analysts polled by Capital IQ expected adjusted FFO of $0.77.

Revenue for the quarter ended March 31 was $730.8 million, up from $705.1 million a year earlier.

Analysts surveyed by Capital IQ expected $728.1 million.

The company still expects Q2 normalized FFO per share between $0.92 and $0.96. Analysts polled by Capital IQ expect adjusted FFO of $0.78.

The company expects 2024 normalized FFO per share of $3.80 to $3.90. Analysts expect adjusted FFO of 3.18 per share.