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| Equity Residential reports 2009 results Equity Residential, one of the biggest U.S. owners and managers of apartments, reported results for the quarter and year ended December 31, 2009. "2009 was a difficult year for our national economy, the apartment business and for Equity Residential, " said David J. Neithercut, Equity Residential's President and CEO. "However, despite the highest unemployment levels in recent history, our same store revenues were down only 2.9% for the year." For the fourth quarter of 2009, the company reported earnings of $0.15 per share compared to a loss of $0.15 per share in the fourth quarter of 2008. For the year ended December 31, 2009, the company reported earnings of $1.27 per share compared to $1.46 per share for 2008. Equity Residential expects to announce first quarter 2010 results on Wednesday, April 28, 2010 and host a conference call to discuss those results at 10:00 a.m. CT on Thursday, April 29, 2010. write your comments about the article :: © 2010 Construction News :: home page |