Equity Residential Stock Rises 20.9% YTD: Will the Trend Continue?
Equity Residential(EQR) ZACKS·2024-11-21 23:10
Shares of Equity Residential (EQR) have risen 20.9% year to date, outperforming the industry's growth of 11.5%.Last October, EQR reported third-quarter 2024 normalized funds from operations (FFO) per share of 98 cents, in line with the Zacks Consensus Estimate. On a year-over-year basis, the normalized FFO per share grew 2.1%.Results reflected decent same-store performances, backed by healthy demand amid modest supply. The company revised its 2024 guidance.This residential real estate investment trust (REIT ...