Equity Residential Q1 2024 FFO $0.93 Beats $0.91 Estimate, Sales $730.818M Beat $726.227M Estimate
Portfolio Pulse from Benzinga Newsdesk
Equity Residential (EQR) reported Q1 2024 FFO of $0.93 per share, surpassing the $0.91 estimate, with sales of $730.818M exceeding the $726.227M forecast. This represents a 3.65% increase in sales compared to the same period last year.
April 23, 2024 | 8:16 pm
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POSITIVE IMPACT
Equity Residential's Q1 2024 earnings surpassed estimates with FFO at $0.93/share and sales of $730.818M, indicating a positive performance.
EQR's earnings beat and sales growth are significant indicators of the company's strong performance and operational efficiency. Beating both FFO and sales estimates suggests a positive outlook, likely leading to increased investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100