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.
Looking ahead to the first quarter, the company expects FFO in the range of $0.48 - $0.52 per share. Analysts currently anticipate the company to earn $0.49 per share for the quarter.
For the full year 2010, the company expects FFO in the range of $1.95 - $2.15 per share. Analysts currently anticipate the company to earn $1.97 per share for the full year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.