Peer Analysis

Financial Performance (%) EQR Peer Median Peer Average
Rec. EBITDA / Int. Exp. (x) 4.59 5.31 5.65
Rec. EBITDA / Int. Exp. + Pref. Divs. (x) 4.55 5.19 5.59
G&A / Total Revenue 5.50 6.30 5.87
FFO / Share Growth 7.96 5.42 3.53
ROAE 9.73 6.88 10.08
ROAA 4.83 3.55 4.14
Payout / FFO 66.96 64.86 63.27
Market Performance
Price / FFO (x) 16.01 14.34 14.25
Dividend Yield (%) 4.44 4.58 4.65
UPREIT Market Cap ($M) 20,928.61 10,651.89 10,861.51
Total Capitalization ($M) 30,334.18 15,441.46 15,862.10
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 12/31/2019.

Peer financial data is as of 12/31/2019