Equity Residential Marginally Misses
Equity Residential (NYSE:EQR), a leading real estate investment trust (REIT), reported fiscal 2012 first quarter funds from operations (FFO) of $191.8 million or 60 cents per share, compared to $176.9 million or 56 cents per share in the year-ago quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained [...]
Equity Residential (NYSE:EQR), a leading real estate investment trust (REIT), reported fiscal 2012 first quarter funds from operations (FFO) of $191.8 million or 60 cents per share, compared to $176.9 million or 56 cents per share in the year-ago quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Excluding certain one-time items, recurring FFO for the reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
