U.S. Markets open in 8 hrs 9 mins

What Drove Equity Residential’s Second-Quarter Revenues?

Andrew Brunton
What Drove Equity Residential’s Second-Quarter Revenues?

Equity Residential’s (EQR) second-quarter top line beat Wall Street estimates and marked a YoY (year-over-year) improvement, mainly driven by increased same-store revenues. Its same-store revenues, which include 72,629 apartment units, rose 2.2% YoY to $599.6 million.