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Equity Residential

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Equity Residential’s fourth-2018 results reflected enhanced same-store net operating income (NOI). However, casualty losses from its Washington, D.C. portfolio and transaction activity in recent years had a negative impact. Going forward, Equity Residential is poised for growth amid economic recovery and job-market growth, favorable demographics, lifestyle transformation, and creation of households. Nevertheless, new apartment supply across its markets is expected to continue putting pressure on new lease rates, occupancy and retention and lead to use of high concessions as well. Moreover, the Zacks Consensus Estimate for 2019 funds from operations (FFO) per share has been marginally revised downward in a month’s time.

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