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EQR » Topics » PERFORMANCE GRAPH: 2001 - 2005

This excerpt taken from the EQR DEF 14A filed Apr 17, 2006.

PERFORMANCE GRAPH: 2001 – 2005

     The following graph compares our shareholder return, assuming reinvestment of dividends, since December 31, 2000 with the S&P 500 Index and the index of equity REITs (listed on the NYSE, the American Stock Exchange and the Nasdaq Stock Market) prepared by NAREIT. The graph shows the value that a $100 investment on December 31, 2000 would have had on December 31, 2005.

  Dec.  Dec.  Dec.  Dec.  Dec.  Dec.   
  2000  2001  2002  2003  2004  2005   
NAREIT  $100  $114  $118  $162  $213  $239 
EQR  100  110  101  129  167  189 
S & P 500  100  88  69  88  98  103 

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