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Equity Residential Q4 Normalized FFO Unchanged, Revenue Rises; Q1 Guidance Set
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Equity Residential Q4 Normalized FFO Unchanged, Revenue Rises; Q1 Guidance Set
Feb 3, 2025 2:01 PM

04:32 PM EST, 02/03/2025 (MT Newswires) -- Equity Residential ( EQR ) reported Q4 normalized funds from operations late Monday of $1.00 a share, unchanged from a year earlier.

Analysts surveyed by FactSet expected $1.

Revenue for the quarter ended Dec. 31 was $766.8 million, up from $727.5 million a year earlier. Analysts surveyed by FactSet expected $756.7 million.

The company expects Q1 normalized funds from operations of $0.90 to $0.94 a share. Analysts expect $0.96.

In 2025, the company expects normalized funds from operations of $3.90 to $4.00 per share up from the previous guidance of $3.87 to $3.91 a share. Analysts are looking for $4.03.

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