EQUITY RESIDENTIAL
For the period ended Apr 15, 2025. Filed Apr 15, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 15, 2025 · Filed Apr 15, 2025
Contents
Benchmarking
To measure the Company’s executive compensation for competitiveness in the industry, the Compensation Committee engaged Ferguson Partners Consulting (“Ferguson Partners”), a nationally recognized independent compensation consultant, to conduct an analysis that benchmarked the Company’s executive compensation against a peer group of other large REITs (by capitalization).
The Compensation Committee believes that the use of peer market data is important in developing a competitive compensation program. The Compensation Committee and Ferguson Partners consider qualitative factors (such as tenure and experience in the role), internal equity and external market data in making both individual and plan-level compensation decisions. While the Compensation Committee does not target a specific percentile range within the peer group, this benchmarking data provides a reference point in determining if pay components and program designs are reasonable when ultimately making compensation decisions.
The Compensation Committee reviews the peer group annually to ensure the included companies still serve as appropriate comparisons to the Company. Target compensation and incentive opportunity levels are continuously evaluated and are adjusted when appropriate, to ensure market comparability.
| Equity Residential | 47 | 2025 Proxy Statement |
|---|
Ferguson Partners performed its annual executive compensation study in 2024, which showed that the total target compensation of our Chief Executive Officer and the remaining executive team generally aligns with the market median of the peer group data.
| Peer | Industry | UPREIT MarketCapitalization | TotalCapitalization |
|---|---|---|---|
| American Tower Corporation | Specialty | $85.7 billion | $135.9 billion |
| Prologis, Inc. | Industrial | $100.4 billion | $135.3 billion |
| Equinix, Inc. | Data Center | $91.7 billion | $110.7 billion |
| Welltower Inc. | Health Care | $80.4 billion | $97.5 billion |
| Simon Property Group, Inc. | Regional Mall | $64.9 billion | $90.0 billion |
| Digital Realty Trust, Inc. | Data Center | $60.8 billion | $79.6 billion |
| Public Storage | Self-Storage | $52.7 billion | $66.5 billion |
| Extra Space Storage Inc. | Self-Storage | $33.1 billion | $46.4 billion |
| Ventas, Inc. | Health Care | $25.9 billion | $39.8 billion |
| AvalonBay Communities, Inc. | Multifamily | $31.3 billion | $39.5 billion |
| Equity Residential | Multifamily | $28.1 billion | $36.5 billion |
| BXP, Inc. | Office | $13.1 billion | $32.0 billion |
| Invitation Homes Inc. | Specialty | $19.6 billion | $27.9 billion |
| Essex Property Trust, Inc. | Multifamily | $19.0 billion | $25.8 billion |
| Sun Communities, Inc. | Manufactured Home | $16.0 billion | $23.8 billion |
| Mid-America Apartment Communities, Inc. | Multifamily | $18.5 billion | $23.6 billion |
| UDR, Inc. | Multifamily | $15.3 billion | $21.5 billion |
| Camden Property Trust | Multifamily | $12.6 billion | $16.1 billion |
Source: S&P Global, data as of December 31, 2024.
The Compensation Committee conducted a conflict of interest assessment for 2024 services and concluded that no conflict of interest existed with respect to the work of Ferguson Partners.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.