Equity Residential reports Q1 normalized FFO 95c, consensus 93c

Reports Q1 revenue $760.81M, consensus $769.44M. “We are encouraged to begin the year with operating performance that exceeded our expectations and that leaves us well positioned going into our primary leasing season,” said Mark J. Parrell, Equity Residential’s (EQR) President and CEO. “We expect our business to be resilient in the face of heightened economic uncertainty. Demand, supply and lifestyle preferences all favor our high quality apartment rental business, and our diversified portfolio and efficient operating platform should maximize performance in any economic climate.”