Equity Residential Q3 2024 Normalized FFO $0.98, Sales $748.348M Beat $743.927M Estimate
Portfolio Pulse from Benzinga Newsdesk
Equity Residential reported its Q3 2024 financial results, with a normalized FFO of $0.98 and sales of $748.348 million, surpassing the estimated $743.927 million.
October 30, 2024 | 8:16 pm
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Equity Residential's Q3 2024 results exceeded expectations with a normalized FFO of $0.98 and sales of $748.348 million, beating the estimated $743.927 million.
The company's financial performance exceeded market expectations, which is typically viewed positively by investors and can lead to a short-term increase in stock price. The beat on both FFO and sales suggests strong operational performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100