Infinity, thanks for pointing that out. I had trouble reading the SEC form because it wasn't posted in HTML format unlike many similar forms. Did you get your information on Edgar or elsewhere, like a more informative source?
It does so because it thinks its shareholders desire this. Since the proper metric is FFO, or at least some version of it, EQR can return more than net income and still grow. Returns of capital to a shareholder are not taxed.
Less than usual in info provided and 10-k won't be out for a while. I hope in making projections for 2015 they were based on recent FX values, not FX values as of Dec 31. In 2013 US sales were 58% of total.
That has been cited as a cost savings initiative. I was therefore surprised when my backed haddock (great dish) sat alone on a plate, while broccoli was served in its own bowl. I spoke to the manager on duty (it was a slow night). He hadn't heard of the initiative as such. If I understood him, they eliminated the bread plate, but to make up for it substituted larger plates for smaller ones for other things such as baked sweet potato. He thought this was good, as the small plates tended to get broken.
A range of only 10 cents over a year is ridiculously small. It could mean they manage earnings, but I think it is probably because they really think they can do better. I haven't thought to track this in the past. They did beat analyst expectations for last 4 qtr., but not by much each qtr.