Equity Residential (EQR) Reports In-Line Q1 FFO
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Equity Residential Reports First Quarter 2017 Results
April 25, 2017 4:25 PM EDTCHICAGO--(BUSINESS WIRE)-- Equity Residential (NYSE: EQR) today reported results for the quarter ended March 31, 2017. All per share results are reported as available to common shares/units on a diluted basis.
Rental demand remains very strong across the nations coastal, gateway cities but new apartment supply continues to pressure new lease rates, said David J. Neithercut, Equity Residentials President and CEO. Nevertheless, we achieved renewal rates of 4.3% in the first quarter and, as we approach our primary leasing season with occupancy of 96%, we are well positioned to meet our operating goals for the year.
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