💨 Abstract

Equity Residential, a Chicago-based real estate investment trust, reported Q1 funds from operations of $372.5 million, surpassing Wall Street expectations. The company's net income was $256.2 million. However, revenue fell short of expectations at $760.8 million. For the current quarter, Equity Residential expects per-share funds from operations to range from 96 cents to $1.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖