More on Equity Residential (EQR -1.4%) Q1 earnings: Normalized Q1 FFO of $0.64/share up from...

|About: Equity Residential (EQR)|By:, SA News Editor

More on Equity Residential (EQR -1.4%) Q1 earnings: Normalized Q1 FFO of $0.64/share up from $0.61 a year ago, with the Archstone acquisition in sum cutting $0.01 from the figure. Same-store NOI up 6.3% Y/Y. Company sold 63 properties for about $3B during quarter as it was closing $9B Archstone purchase. Q2 FFO guidance of $0.67-$0.71/share is below $0.72 consensus. Conference call at 12 ET. (PR)