Photographer: Craig Warga/Bloomberg

Equity Residential Falls After Third Revenue-Forecast Cut

Updated on
  • Landlord cites weakness in New York, San Francisco markets
  • Apartment owners dealing with more supply, sluggish job growth

Shares of apartment landlord Equity Residential fell the most since March after the company cut its revenue forecast for the third time this year, citing greater weakness than it anticipated in the Manhattan and San Francisco rental markets.

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