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REIT Comments |
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02/01/2010
EQR $32
Equity Residential EQR announced acquisition of $475 million residential properties including 3 Manhattan high rise apartment buildings
EQR previously slowed pace of acquisitions dramatically to preserve capital
EQR previous guidance for FFO for 2009 indicated (16%) decline
EQR a Residential REIT with a diverse portfolio of apartment communities
EQR we rank 3 HOLD
EQR market cap $9.3 billion
EQR an S&P 500 Index REIT
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