05:07 PM EDT, 10/30/2024 (MT Newswires) -- Equity Residential ( EQR ) reported Q3 normalized funds from operations late Wednesday of $0.98 a share, up from $0.96 a year earlier.

Analysts surveyed by Capital IQ expected $0.98.

Revenue for the quarter ended Sept. 30 was $748.4 million, up from $724.1 million a year earlier. Analysts surveyed by Capital IQ expected $743.7 million.

The company expects normalized funds from operations of $0.98 to $1.02 a share. Analysts expect $1.01.

In 2024, the company expects normalized funds from operations of $3.87 to $3.91 a share versus prior guidance of $3.86 to $3.92. Analysts are looking for $3.89.

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