Equity Residential (EQR) Q1 FFO and Revenues Top Estimates

Equity Residential (EQR) came out with quarterly funds from operations (FFO) of $0.93 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to FFO of $0.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 2.20%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1 per share when it actually produced FFO of $1, delivering no surprise.Over the last four quarters, the co ...