Equity Residential sees 2024 revenue, FFO at high end of guidance ranges

  • 5/28/2024

|

Seeking Alpha
• Subcategory:
• Additional Filters-Subcategory: , ,

Equity Residential (NYSE:EQR) expects 2024 revenue, net operating income, and normalized FFO results towards the higher end of its existing guidance ranges due to sustained high demand, pricing power in East Coast markets, and same-store expense results that are trending toward the lower end of its guidance range, the apartment REIT said Tuesday. Its existing normalized FFO guidance of $3.80-$3.90 compares with the average analyst estimate of $3.87. The company guides for revenue growth of 2.0%-3.0%, and net operating income growth of 1.0%-2.6%.

Additional Filters

Subcategory
Tags