eqr equity residential sept 2010 presentation slides deck

8/8/2019 EQR Equity Residential Sept 2010 Presentation Slides Deck

1/14

Barclays Financial Services ConferenceSeptember 13, 2010


2/14

Focused on the acquisition, development and management ofhigh-quality apartment properties in top U.S. growth markets

$2.0 billion in annual revenues

Total capitalization of over $22 billion Portfolio of 492 properties consisting of 137,091 apartment

units in 23 states and the District of Columbia

S&P 500 company

Equity Residential (NYSE: EQR)


3/14

RiverTowerNEW YORK CITY, NY 1401 Joyce on Pentagon RowARLINGTON, VA Harbor StepsSEATTLE, WA


4/14

INCOME

Occupancy at optimum:94% 95%

Increasing rental rates

Decreased turnover

Very favorable demographics

Household formation outpacingnew multifamily construction

Cost to rent favorable comparedto cost to own

VA LUE

Portfolio concentrated inhigh-barrier, high-growthmarkets

Opportunistic acquisitionsand dispositions

Opportunistic development

Equity Residential: Growth in Income and Value


5/14

Source: Green Street Advisors

as of 12/20/09

Echo Boomers Will Drive Demand

Population Aged 20-34 (in millions)

68

66

64

62

60

58

56

54

1990 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20


6/14

Source: U.S. Census Bureau, NMHC and company reports

Multifamily Construction Being Held in Check

Total Multifamily Starts (units in thousands)

1,000

800

600

400

200

0

64 67 70 73 76 79 82 85 88 91 94 97 00 03 06 09


7/14

Declining Homeownership is CreatingRenter Households

Source: U.S. Census Bureau

2009 and 2010 data is Moodys Economy.com estimate.

64.2%

69.0%

67.8%

67.4%

66.7%

Homeownership Rate (% of households)

69

68

67

66

65

64

63

62

61

1981 83 85 87 89 91 93 95 97 99 01 03 05 07 09 10E


8/14

$76

$507

5.4%San Francisco

Bay Area

(in thousands)

% of EQR2010 NOI

$600

$500

$400

$300

$200

$100

012.0%New York

Metro Area

$63

$433

8.8%SouthFlorida

7.5%Los Angeles

$54

$283

6.7%Seattle

$63

$315

15.8%Washington

D.C. Metro Area

$83

$307

8.0%Boston

Metro Area

$64

$347

U.S.Average

$51

$173

Source: Claritas, Moodys Economy.com and company data 2010 estimates

$49

$213

Median Home Price Median Income

Expensive to Own in Equity Residential Key Markets


9/14

Equity Residential Portfolio

Our Portfolio is Positioned in Markets that willDeliver the Best Long-Term Operating Results

Percent of 2010 NOI

As of 6/30/10

less than 5% 5 10% 10%+


10/14

Occupancy

2010

Very Strong Base Rent and Occupancy Trends

$1,180

$1,160

$1,140

$1,120

$1,100

$1,080

$1,060

96%

95%

94%

93%JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG

Base Rent


11/14

Very Strong Renewal Rate Trends

6%

4%

2%

0%

-2%MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG

2010

% Renewal Rate Increase


12/14

Ratings Moodys: Baa1

S&P: BBB+

Fitch: A-

Maintain strong liquidity

with access to multiplesources of financing

Issued $600 million ofunsecured notes in July

with a 10-year maturity

and a yield to maturity

of 4.84%

Have more than $1.02billion available on our

unsecured line

Sound Balance Sheet to Fund Future Growth


13/14

INCOME

Occupancy at optimum:94% 95%

Increasing rental rates

Decreased turnover

Very favorable demographics

Household formation outpacingnew multifamily construction

Cost to rent favorable comparedto cost to own

VA LUE

Portfolio concentrated inhigh-barrier, high-growthmarkets

Opportunistic acquisitionsand dispositions

Opportunistic development

Equity Residential: Growth in Income and Value


14/14

SEPT EMBER 2010

Safe Harbor Statement

Under the Private Securities Litigation Reform Act of 1995:

The forward-looking statements contained in this presentation are subject to

certain economic risks and uncertainties described under the heading RiskFactors in the companys 2009 Annual Report on Form 10-K. The company

assumes no obligation to update or supplement forward-looking statementsthat become untrue because of subsequent events. All projections are basedon 2010 budgets and proforma expectations on recent acquisitions.

The Pier Jersey City, NJ

eqr equity residential sept 2010 presentation slides deck

Documents