Peer Analysis

Financial Performance (%) EQR Peer Median Peer Average
Rec. EBITDA / Int. Exp. (x) 4.27 5.10 5.21
Rec. EBITDA / Int. Exp. + Pref. Divs. (x) 4.24 4.98 5.14
G&A / Total Revenue 5.66 5.58 5.72
FFO / Share Growth (0.32) 4.78 4.65
ROAE 6.55 7.18 11.94
ROAA 3.35 3.09 4.58
Payout / FFO 68.79 63.14 62.96
Market Performance
Price / FFO (x) 23.32 21.27 20.77
Dividend Yield (%) 2.95 3.12 3.12
UPREIT Market Cap ($M) 28,106.39 12,789.85 14,848.30
Total Capitalization ($M) 36,924.33 16,918.21 19,431.72
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 12/31/2018.

Peer financial data is as of 12/31/2018