RTTNews | Jul 27, 2021 04:29PM EDT

16:28 Tuesday, July 27, 2021 (RTTNews.com) - Equity Residential (EQR) reported a profit for its second quarter that climbed from last year.

The company's bottom line came in at $315.61 million, or $0.84 per share. This compares with $260.12 million, or $0.70 per share, in last year's second quarter.

Excluding items, Equity Residential reported adjusted earnings of $280.40 million or $0.72 per share for the period.

Analysts had expected the company to earn $0.20 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.5% to $598.06 million from $653.53 million last year.

Equity Residential earnings at a glance:

-Earnings (Q2): $280.40 Mln. vs. $330.82 Mln. last year.-EPS (Q2): $0.72 vs. $0.86 last year.-Analysts Estimate: $0.20-Revenue (Q2): $598.06 Mln vs. $653.53 Mln last year.

-Guidance:Next quarter EPS guidance: $1.38 to $1.42Full year EPS guidance: $3.03 to $3.13

Read the original article on RTTNews ( https://www.rttnews.com/3212417/equity-residential-q2-adjusted-earnings-beat-estimates.aspx)

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