Shares of Equity Residential EQR rose 1.3% in morning trading, to buck the weakness in its peer group and the broader stock market, after the residential real estate investment trust (REIT) raised its full-year earnings outlook, citing strong demand in New York. The company said late Tuesday that it now expects 2023 earnings per share of $2.02 to $2.12, up from previous guidance of $1.99 to $2.09. The company also raised its guidance ranges for normalized fund from operations (FFO) per share to $3.73 to $3.83 from $3.70 to $3.80, for year-over-year same-store revenue growth to 5.5% to 6.25% from 4.5% to 6.0% and for net…
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