Valued at a market cap of $27.9 billion, Equity Residential (EQR) is a fully integrated multi-family real estate investment trust (REIT) that focuses on the acquisition, development, and management of residential properties located in and around dynamic cities across the country that attract affluent long-term renters. The Chicago, Illinois-based company is expected to announce its fiscal Q3 earnings results on Tuesday, Oct. 29.
Ahead of this event, analysts project the REIT to report an FFO of $0.98 per share, up 2.1% from $0.96 per share in the year-ago quarter. The company has beaten or met Wall Street's FFO estimates in three of the last four quarters while missing on another occasion. In Q2, the company reported an FFO of $0.97, which topped the consensus estimates by 1%.
