Equity Residential Reports Strong 4Q Results, Looks to Tax Savings as Growth Driver
Equity Residential reported fourth-quarter results that were within our expectations, with funds from operations of $0.82 per share compared with $0.80 for the same period last year. Net operating income for the same-store portfolio was up 2.1% versus the fourth quarter of 2016, but guidance appears to be more conservative for 2018. We credit this to the supply currently seen across the country, particularly on the high end of the quality spectrum, which should continue to be a headwind for Equi...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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