Peer Analysis

Financial Performance (%) EQR Peer Median Peer Average
Rec. EBITDA / Int. Exp. (x) 4.74 5.29 5.67
Rec. EBITDA / Int. Exp. + Pref. Divs. (x) 4.70 5.17 5.63
G&A / Total Revenue 5.47 6.41 5.85
FFO / Share Growth 5.85 3.31 2.80
ROAE 11.79 6.72 7.85
ROAA 5.87 3.45 3.54
Payout / FFO 67.01 63.81 63.55
Market Performance
Price / FFO (x) 17.60 17.64 17.30
Dividend Yield (%) 3.98 3.76 3.82
UPREIT Market Cap ($M) 23,379.68 12,712.45 13,122.84
Total Capitalization ($M) 32,380.37 17,603.42 18,465.22
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 3/31/2020.

Peer financial data is as of 3/31/2020