Peer Analysis

Financial Performance (%) EQR Peer Median Peer Average
Rec. EBITDA / Int. Exp. (x) 4.86 5.38 5.59
Rec. EBITDA / Int. Exp. + Pref. Divs. (x) 4.82 5.25 5.55
G&A / Total Revenue 5.38 6.26 6.01
FFO / Share Growth 8.02 1.19 1.27
ROAE 11.18 6.65 7.63
ROAA 5.63 3.07 3.40
Payout / FFO 66.86 65.58 64.76
Market Performance
Price / FFO (x) 14.49 15.89 16.06
Dividend Yield (%) 4.75 4.27 4.17
UPREIT Market Cap ($M) 19,578.63 11,790.99 12,023.26
Total Capitalization ($M) 28,367.90 16,866.31 17,355.19
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 6/30/2020.

Peer financial data is as of 6/30/2020