Co-movers

daily closes · 500dMethod

Moved together

EQRwithBXP

×0.78co-movement · BXP on EQR · 500d

r 0.58scale to r 0.75

Shared co-movers1with EQRwith BXP

FRTFederal Realty Investment Trustr 0.69r 0.61

EQR, solidBXP, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

EQREquity Residential

61.90+0.24%· post 61.90

Mkt cap$23.2BRevenue$785MQ2 FY26Revenue$3.1BFY25

BXPBXP, Inc.

62.75−0.43%· post 62.80

ClosedOct 30 '26

Mkt cap$10.0BRevenue$896MQ2 FY26Revenue$3.5BFY25

vs

Compare

ClosedOct 30 '26

EQREquity Residential

vs

BXPBXP, Inc.

61.90+0.24%post 61.90

Price

62.75−0.43%post 62.80

$23.2B

Mkt cap

$10.0B

Q2 FY26$785M

Revenue

$896MQ2 FY26

FY25$3.1B

Revenue

$3.5BFY25

EQR compared with BXP: revenue, margins and what each company keeps, and the suppliers and customers both name