Equity Residential Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 18, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	115,691	126,549	144,690	123,243	118,402	180,274
Market Cap Growth	-26.46%	-12.54%	17.40%	4.09%	-34.32%	53.89%
Enterprise Value	162,245	173,352	192,092	166,713	162,213	229,680
PE Ratio	18.78	21.44	26.38	27.80	28.78	25.56
PS Ratio	6.79	7.70	9.14	8.07	8.15	13.77
PB Ratio	1.84	2.16	2.47	2.09	1.99	3.10
P/TBV Ratio	5.53	2.23	2.54	2.16	2.06	3.21
P/FCF Ratio	12.77	46.13	-57.94	29.12	22.28	-41.02
P/OCF Ratio	12.74	14.45	17.30	15.13	15.32	26.92
EV/Sales Ratio	9.92	10.54	12.13	10.92	11.16	17.54
EV/EBITDA Ratio	16.21	17.27	19.74	17.67	17.93	29.46
EV/EBIT Ratio	36.08	37.51	41.47	35.73	37.61	69.67
EV/FCF Ratio	17.92	63.19	-76.92	39.39	30.53	-52.27
Debt / Equity Ratio	0.74	0.74	0.73	0.67	0.66	0.74
Debt / EBITDA Ratio	4.49	4.49	4.60	4.34	4.54	5.90
Debt / FCF Ratio	16.42	16.42	-17.93	9.67	7.73	-10.46
Net Debt / Equity Ratio	0.76	0.76	0.76	0.69	0.69	0.78
Net Debt / EBITDA Ratio	4.46	4.46	4.57	4.31	4.51	5.81
Net Debt / FCF Ratio	16.32	16.32	-17.80	9.61	7.68	-10.31
Asset Turnover	0.15	0.15	0.15	0.14	0.13	0.12
Quick Ratio	0.05	0.05	0.06	0.06	0.09	0.16
Current Ratio	0.14	0.14	0.15	0.16	0.23	0.46
Return on Equity (ROE)	10.02%	10.02%	9.25%	7.46%	6.90%	12.26%
Return on Assets (ROA)	4.18%	4.18%	4.26%	4.36%	3.92%	2.99%
Return on Invested Capital (ROIC)	4.23%	4.23%	4.31%	4.40%	3.97%	3.03%
Return on Capital Employed (ROCE)	4.41%	4.41%	4.48%	4.53%	4.06%	3.12%
Earnings Yield	5.33%	4.66%	3.79%	3.60%	3.47%	3.91%
FCF Yield	7.83%	2.17%	-1.73%	3.43%	4.49%	-2.44%
Dividend Yield	3.32%	4.37%	3.75%	4.27%	4.20%	2.66%
Payout Ratio	93.53%	93.53%	98.67%	118.96%	120.41%	67.72%
Buyback Yield / Dilution	1.14%	1.14%	0.04%	0.09%	-0.76%	-0.26%
Total Shareholder Return	4.46%	5.52%	3.79%	4.37%	3.44%	2.40%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.