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Equity Residential Reports Big Increase in Earnings as Apartment Demand Remains Strong

Equity Residential Reports Big Increase in Earnings as Apartment Demand Remains Strong

The U.S. has a severe housing shortage. This is good news for apartment real estate investment trusts (REITs), especially Equity Residential (NYSE: EQR), which specializes in luxury apartments in urban areas. In the first quarter of 2022, Equity Residential reported a 13.2% increase in funds from operations (FFO) per share.