Equity Residential Lifts FY22 Outlook

(RTTNews) - While reporting its third-quarter results on Tuesday, Equity Residential (EQR) revised its earnings guidance for the full year 2022.

Looking forward to full year 2022, the company now expects earnings of $2.02 to $2.04 per share, FFO per share of $3.49 to $3.51 and normalized FFO per share of $3.52 to $3.54.

Previously, the company epxected earnings of $1.98- $2.08 per share, FFO per share of $3.45 - $3.55, and normalized FFO per share of $3.48 to $3.58.

Analysts polled by Thomson Reuters currently estimate earnings of $1.46 per share for the year.