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Equity Residential reports Q1 normalized FFO 87c, consensus 88c
The Fly

Equity Residential reports Q1 normalized FFO 87c, consensus 88c

Reports Q1 revenue $705.088M, consensus $700.36M. "We had a very good first quarter, with our same store revenue results benefitting from continued robust demand as well as improvements in delinquency in Southern California that exceeded our expectations," said Mark Parrell, Equity Residential’s President and CEO. "Our business continues to benefit from durable employment in our affluent renter demographic and limited competition from both new apartment supply and single family home ownership."

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