05:23 PM EDT, 07/29/2024 (MT Newswires) -- Equity Residential ( EQR ) reported Q2 normalized funds from operations late Monday of $0.97 per diluted share, up from $0.94 a year earlier.

Analysts polled by Capital IQ expected $0.96.

Revenue for the quarter ended June 30 was $734.2 million, compared with $717.3 million a year earlier.

Analysts surveyed by Capital IQ expected $734.6 million.

For Q3, the company said it expects normalized FFO per share of $0.96 to $1.00. Analysts are forecasting $0.98 per share.

The company now anticipates 2024 normalized FFO per share of $3.86 to $3.92. It previously projected $3.80 to $3.90. Analysts expect $3.87 per share.

Shares of Equity Residential ( EQR ) rose nearly 2% in after-hours trading.

Price: 72.50, Change: +1.21, Percent Change: +1.70