Equity Residential Beats Q4 Expectations

The real estate investment trust reported strong fourth-quarter results.Equity Residential (EQR -0.43%), a leading player in the multifamily real estate sector, released its results for the fourth quarter on Feb. 3. Its earnings per share (EPS) of $1.10 beat the analysts' consensus of$ 0.41 by a wide margin. Revenue also surpassed expectations at $766.8 million, a 5.4% rise from the previous year, and above the$ 756 million forecast. The results underscore Equity Residential's robust operational foundation ...