Peer Analysis

Financial Performance (%) EQR Peer Median Peer Average
Rec. EBITDA / Int. Exp. (x) 4.32 5.06 5.26
Rec. EBITDA / Int. Exp. + Pref. Divs. (x) 4.28 4.93 5.20
G&A / Total Revenue 5.69 5.74 5.73
FFO / Share Growth 4.50 4.29 4.67
ROAE 5.50 6.27 13.29
ROAA 2.80 3.06 5.04
Payout / FFO 67.31 62.59 62.81
Market Performance
Price / FFO (x) 24.21 22.81 21.96
Dividend Yield (%) 2.89 2.95 2.94
UPREIT Market Cap ($M) 30,239.80 14,100.94 16,107.41
Total Capitalization ($M) 39,474.71 18,321.91 20,704.76
Data for trailing four quarters

Equity Residential's peer group consists of the following: Apartment Investment and Management Company (AIV), AvalonBay Communities, Inc. (AVB), Camden Property Trust (CPT), Essex Property Trust, Inc. (ESS), Mid-America Apartment Communities, Inc. (MAA), UDR, Inc. (UDR)

Equity Residential's financial data is as of 3/31/2019.

Peer financial data is as of 3/31/2019