Investing.com - Equity Residential (NYSE:EQR) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Equity Residential announced earnings per share of $0.86 on revenue of $695.10. Analysts polled by Investing.com anticipated EPS of $0.34 on revenue of $696.52M.
Equity Residential shares are up 22.07% from the beginning of the year and are trading at $67.00 , down-from-52-week-high.
Equity Residential shares gained 1.19% in after-hours trade the report.
Equity Residential follows other major Real Estate sector earnings this month
Equity Residential's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
Crown Castle had missed expectations on October 19 with third quarter EPS of $0.97 on revenue of $1.57B, compared to forecast for EPS of $0.9763 on revenue of $1.73B.
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