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Equity Residential boosts bottom end of full-year guidance

Jul. 28, 2015 4:40 PM ETEquity Residential (EQR) StockEQRBy: Stephen Alpher, SA News Editor
  • Q2 normalized FFO of $325.3M or $0.85 per share vs. $295.9M and $0.79 one year ago.
  • Same-store (97,580 units) revenue up 4.9%, expenses up 3.7%, NOI up 5.5% Y/Y.
  • Full-year normalized FFO per share guidance of $3.39-$3.45 is $0.02 higher at the low end than previously. NOI growth of 5.5-6% vs. 4.8-5.8% previously.
  • Conference call tomorrow at 10 ET
  • Source: Press release
  • EQR flat after hours

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