Equity Residential (EQR) Q4 FFO and Revenues Miss Estimates

Equity Residential (EQR) came out with quarterly funds from operations (FFO) of $1.03 per share, missing the Zacks Consensus Estimate of $1.04 per share. This compares to FFO of $1 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -0.74%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.02 per share when it actually produced FFO of $1.02, delivering no surprise.Over the last four quarters, th ...