Back to top

Image: Bigstock

Equity Residential

Read MoreHide Full Article

Equity Residential is slated to report first-quarter 2017 results on Apr 25. Notably, its shares underperformed the Zacks categorized REIT and Equity Trust – Residential industry over the last three months. Also, its full-year 2017 funds from operations (FFO) per share estimates moved south over the past 30 days. This residential REIT’s performance in the last reported quarter highlighted the adverse impact on net operating income (NOI), stemming from the company’s 2016 huge disposition activity. The negative was partly mitigated by enhanced NOI from same-store properties and lease-up NOI. However, per the company, slowdown in same-store revenue growth, which started in 2016, is anticipated to deteriorate in 2017, amid increasing new apartment supply, along with declining growth in high-paying jobs. Further, rate hike adds to its woes.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Equity Residential (EQR) - free report >>

Published in