Peer Analysis

Financial Performance (%) EQR Peer Median Peer Average
Rec. EBITDA / Int. Exp. (x) 4.49 5.21 5.50
Rec. EBITDA / Int. Exp. + Pref. Divs. (x) 4.45 5.08 5.44
G&A / Total Revenue 5.61 6.24 5.83
FFO / Share Growth 7.67 5.02 3.16
ROAE 8.01 6.68 8.61
ROAA 4.01 3.12 3.72
Payout / FFO 66.54 64.09 63.13
Market Performance
Price / FFO (x) 24.45 22.52 22.59
Dividend Yield (%) 2.76 2.88 2.83
UPREIT Market Cap ($M) 31,728.73 15,551.25 16,958.88
Total Capitalization ($M) 41,091.25 19,931.23 21,830.09
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 9/30/2019.

Peer financial data is as of 9/30/2019