Investing.com - Equity Residential (NYSE:EQR) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Equity Residential announced earnings per share of $0.84 on revenue of $598.1M. Analysts polled by Investing.com anticipated EPS of $0.185 on revenue of $590.69M.
Equity Residential shares are up 10% from the beginning of the year, still down 0.74% from its 52 week high of $85.47 set on July 21. They are under-performing the Dow Jones which is up 14.55% from the start of the year.
Equity Residential shares gained 0.21% in after-hours trade following the report.
Equity Residential follows other major Real Estate sector earnings this month
Equity Residential's report follows an earnings beat by Prologis on July 19, who reported EPS of $0.81 on revenue of $1.01B, compared to forecasts EPS of $0.4287 on revenue of $1.01B.
PotlatchDeltic had beat expectations on Monday with second quarter EPS of $2.77 on revenue of $447.5M, compared to forecast for EPS of $2.55 on revenue of $424.56M.
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