What's In Store For Equity Residential (EQR) Q1 Earnings?
Zacks Investment Research | Apr 23, 2019 09:14PM ET
Equity Residential (NYSE:EQR) is slated to report first-quarter 2019 results on Apr 30, after market closes. The company is expected to witness growth in revenues and funds from operations (FFO) per share.
In the last reported quarter, this Chicago, IL-based residential real estate investment trust (REIT) posted negative surprise of 1.18% in terms of FFO per share. Results mirrored improved same-store NOI and lower total interest expense. Nonetheless, the company incurred certain casualty losses arising from rainstorm damage to assets in its Washington, D.C. area portfolio. Further, the company's transaction activities in 2018 and 2017, and higher corporate overhead resulted in a negative impact on its performance.
Over the trailing four quarters, the company surpassed the Zacks Consensus Estimate once, met in another and missed in the other two occasions, recording average negative surprise of 0.30%. The graph below depicts this surprise history:
Equity Residential Price and EPS Surprise
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