Wednesday, Equity Residential (EQR) reported fourth-quarter funds from operations or FFO available to common shares and units of $126.95 million or $0.43 per share, compared to $79.10 million or $0.27 per share in the same quarter last year.
Excluding the items, the company reported FFO of $0.52 per share, down from $0.61 per share in the comparable quarter last year.
Net income available to common shares were $41.67 million or $0.15 per share, compared to a loss available to common shares of $40.25 million or $0.15 per share in the prior year quarter.
On average, 19 analysts polled by Thomson Reuters expected the company to earn $0.44 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter declined to $482.98 million from $501.12 million in the year ago quarter. Analysts expected the company to report revenue of $480.38 million for the quarter.
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