Page 1

Second Quarter 2021 Earnings MANAGEMENT PRESENTATION BE HE This presentation is complementary to the Company's conference call to discuss second quarter 2021 earnings on July 28 , 2021 , and should be read in conjunction with the Company's earnings release dated July 27 , 2021. See pages 15 through 18 for information about forward - looking statements , a glossary of defined terms and a related reconciliation of non - GAAP financial measures including the reconciliations of Earnings Per Share ( " EPS " ) to Funds From Operations ( " FFO " ) per share and Normalized Funds From Operations ( " Normalized FFO " ) per share . 8 ' ' = # HEHH Osprey 15.00 889 Equity Residential