EQUITY RESIDENTIAL (EQR)

Same Store NOI Increases 3.9%

CHICAGO--(BUSINESS WIRE)--October 29, 2008--Equity Residential (NYSE: EQR) today reported results for the quarter and nine months ended September 30, 2008. All per share results are reported on a fully-diluted basis.

“We are very pleased with our operating performance for the third quarter and the first nine months of the year as we have maintained strong occupancy and realized good revenue growth across most of our major markets,” said David J. Neithercut, Equity Residential’s President and CEO. “However, our markets are currently experiencing significant headwinds due to the slowing economy and resulting job losses which will slow revenue growth, as we expected, in the fourth quarter and cause property fundamentals to further weaken in 2009.”

Same Store NOI Increases 4.9%

CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE:EQR) today reported results for the quarter and six months ended June 30, 2008. All per share results are reported on a fully-diluted basis.

“We are very pleased with our operating performance for the first half of the year with solid occupancy and good revenue growth across most of our major markets,” said David J. Neithercut, Equity Residential’s President and CEO. “And we will produce good results for the year, with same store revenue growth of 3% to 3.5%, which is modestly short of our original expectations as many of our markets are feeling the impact of job losses due to a challenging economic environment.”

Same Store NOI Increases 4.7%

CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE:EQR) today reported results for the quarter ended March 31, 2008. All per share results are reported on a fully-diluted basis.

“To date, despite a slowing economy and disappointing job numbers, apartment fundamentals remain fairly healthy across most of our markets. We have performed on plan through the first four months of the year and May appears likely to continue that trend. As we enter our primary leasing season 95% occupied, we remain confident that our 2008 operating performance will meet our original expectations,” said David J. Neithercut, Equity Residential’s President and CEO.