Jan 30 (Reuters) - Equity Residential forecast its full-year fund from operations (FFO) below analysts' estimates on Tuesday, in a sign that the real estate investment trust might be facing pricing pressures in its West Coast market.

Rental supply remains elevated across the U.S. However, the supply pressure, relative to demand, is more acute in the Sunbelt region which includes markets such as Austin and Atlanta and San Francisco, compared to East Coast markets such as New York and Boston.

But Equity Residential said it remained "well-positioned" in 2024 despite expectations of a slowing economy.

The company expects full-year 2024 FFO, a key measure of performance of a REIT, to be in the range of $3.74 to $3.84 per share, compared with analysts' estimate of $3.87 per share, according to LSEG data.

Equity Residential reported FFO per share of $1.00 in the fourth quarter, versus $0.97 a year earlier and in line with analysts' estimate.

The REIT, which owns and manages apartments across the U.S., achieved a blended rental growth rate of 0.8% in the fourth quarter, down from 3.1% in the preceding quarter.

Blended rent rates refer to a mix of new lease rates and renewal rates over a period of time. (Reporting by Rupali Chaudhary and Ananta Agarwal in Bengaluru; Editing by Shilpi Majumdar)