Equity Residential

Investment grade balance sheet with A minus/A3 unsecured ratings, net debt to Normalized EBITDAre at 4.27 times, and 90 percent fixed rate debt with a weighted average rate near 3.7 percent.

Covenants show strong cushions, interest coverage exceeds 5.7 times, and maturities are well laddered with 2026 needs manageable given a 2.5 billion dollar revolver and commercial paper access. These metrics provide resilience through economic shocks and rate volatility.