trending Market Intelligence /marketintelligence/en/news-insights/trending/PVqTv-OFDRO2OGg0NVkeYg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Equity Residential books 9.6% YOY increase in Q3 normalized FFO per share

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Equity Residential books 9.6% YOY increase in Q3 normalized FFO per share

Equity Residential reported third-quarter funds from operations available to common shares and units of $354.9 million, or 92 cents per share, an increase on a per-share basis from $302.1 million, or 79 cents per share, in the year-ago quarter.

Normalized FFO available to common shares and units for the third quarter increased from the year-ago period on a per-share basis to $351.9 million, or 91 cents per share, from $319.8 million, or 83 cents per share.

The S&P Global Market Intelligence consensus FFO-per-share estimate for the quarter was 89 cents.

For the quarter, total revenues amounted to $685.1 million, an increase from $652.9 million in the comparable 2018 period.

In reporting results, the company said it bought four apartment properties totaling 1,084 units in Los Angeles, the San Francisco Bay Area and suburban Denver for approximately $489.9 million.

Also in the third quarter, the company sold seven properties totaling 641 apartment units in Arlington, Va., and Berkeley, Calif., for about $303.9 million.

The multifamily real estate investment trust forecasts FFO and normalized FFO per share in the range of 87 cents to 89 cents for the fourth quarter.

For the full year, FFO is expected at a range of $3.40 to $3.42 per share, compared with previous guidance in the range of $3.36 to $3.42 per share. Additionally, the company forecasts normalized FFO to total between $3.46 and $3.48 per share, compared with previous guidance in the range of $3.43 to $3.49 per share.

For the fourth quarter, the S&P Global Market Intelligence consensus FFO-per-share estimate is 90 cents, while analysts expect 2019 FFO at $3.46 per share.