Investing.com - Equity Residential (NYSE:EQR) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Equity Residential announced earnings per share of $0.77 on revenue of $653.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $0.2495 on revenue of $657.22M.
Equity Residential shares are down 8.86% from the beginning of the year and are trading at $89.09 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.4% from the start of the year.
Equity Residential follows other major Real Estate sector earnings this month
Equity Residential's report follows an earnings beat by Prologis on Tuesday, April 19, 2022, who reported EPS of $1.54 on revenue of $1.08B, compared to forecasts EPS of $0.6806 on revenue of $1.08B.
Crown Castle had beat expectations on Wednesday, April 20, 2022 with first quarter EPS of $0.97 on revenue of $1.74B, compared to forecast for EPS of $0.9447 on revenue of $1.69B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar