Peer Analysis

Financial Performance (%) EQR Peer Median Peer Average
Rec. EBITDA / Int. Exp. (x) 4.37 5.06 5.38
Rec. EBITDA / Int. Exp. + Pref. Divs. (x) 4.34 4.94 5.31
G&A / Total Revenue 5.73 6.01 5.78
FFO / Share Growth 2.86 3.51 3.99
ROAE 7.48 6.47 13.50
ROAA 3.77 3.04 5.16
Payout / FFO 68.36 62.51 62.89
Market Performance
Price / FFO (x) 27.08 23.74 23.32
Dividend Yield (%) 2.59 2.79 2.75
UPREIT Market Cap ($M) 33,758.16 15,748.17 17,363.88
Total Capitalization ($M) 43,207.48 20,105.78 22,146.61
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 6/30/2019.

Peer financial data is as of 6/30/2019