XML 60 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Equity, Capital and Other Interests (Tables)
9 Months Ended
Sep. 30, 2013
Common shares and units rollforward
The following tables present the changes in the Company’s issued and outstanding Common Shares and “Units” (which includes OP Units and Long-Term Incentive Plan (“LTIP”) Units) for the nine months ended September 30, 2013:
 
 
2013
Common Shares
 
 
Common Shares outstanding at January 1,
 
325,054,654

Common Shares Issued:
 
 
Conversion of OP Units
 
47,939

Issuance of Common Shares
 
34,468,085

Exercise of share options
 
530,847

Employee Share Purchase Plan (ESPP)
 
63,788

Restricted share grants, net
 
230,646

Common Shares outstanding at September 30,
 
360,395,959

Units
 
 
Units outstanding at January 1,
 
13,968,758

LTIP Units, net
 
279,557

Conversion of OP Units to Common Shares
 
(47,939
)
Units outstanding at September 30,
 
14,200,376

Total Common Shares and Units outstanding at September 30,
 
374,596,335

Units Ownership Interest in Operating Partnership
 
3.8
%
Redeemable Noncontrolling Interest [Table Text Block]
The following table presents the change in the redemption value of the Redeemable Noncontrolling Interests – Operating Partnership for the nine months ended September 30, 2013 (amounts in thousands):
 
 
2013
Balance at January 1,
 
$
398,372

Change in market value
 
(69,344
)
Change in carrying value
 
47,029

Balance at September 30,
 
$
376,057

Schedule Of Preferred Stock [Table Text Block]
The following table presents the Company’s issued and outstanding Preferred Shares as of September 30, 2013 and December 31, 2012:
 
 
 
 
 
 
Amounts in thousands
 
 
Redemption
Date (1)
 
Annual
Dividend per
Share (2)
 
September 30,
2013
 
December 31,
2012
Preferred Shares of beneficial interest, $0.01 par value;
100,000,000 shares authorized:
 
 
 
 
 
 
 
 
8.29% Series K Cumulative Redeemable Preferred; liquidation
value $50 per share; 1,000,000 shares issued and outstanding
at September 30, 2013 and December 31, 2012
 
12/10/26
 

$4.145

 
$
50,000

 
$
50,000

 
 
 
 
 
 
$
50,000

 
$
50,000

 
(1)
On or after the redemption date, redeemable preferred shares may be redeemed for cash at the option of the Company, in whole or in part, at a redemption price equal to the liquidation price per share, plus accrued and unpaid distributions, if any.
(2)
Dividends on Preferred Shares are payable quarterly.

Limited Partner [Member]
 
Common shares and units rollforward
The following tables present the changes in the Operating Partnership’s issued and outstanding Units and in the limited partners’ Units for the nine months ended September 30, 2013:
 
 
 
 
 
2013
General and Limited Partner Units
 
 
General and Limited Partner Units outstanding at January 1,
 
339,023,412

Issued to General Partner:
 
 
Issuance of OP Units
 
34,468,085

Exercise of EQR share options
 
530,847

EQR’s Employee Share Purchase Plan (ESPP)
 
63,788

EQR's restricted share grants, net
 
230,646

Issued to Limited Partners:
 
 
LTIP Units, net
 
279,557

General and Limited Partner Units outstanding at September 30,
 
374,596,335

Limited Partner Units
 
 
Limited Partner Units outstanding at January 1,
 
13,968,758

Limited Partner LTIP Units, net
 
279,557

Conversion of Limited Partner OP Units to EQR Common Shares
 
(47,939
)
Limited Partner Units outstanding at September 30,
 
14,200,376

Limited Partner Units Ownership Interest in Operating Partnership
 
3.8
%
Redeemable Noncontrolling Interest [Table Text Block]
The following table presents the change in the redemption value of the Redeemable Limited Partners for the nine months ended September 30, 2013 (amounts in thousands):
 
 
2013
Balance at January 1,
 
$
398,372

Change in market value
 
(69,344
)
Change in carrying value
 
47,029

Balance at September 30,
 
$
376,057

Schedule Of Preferred Stock [Table Text Block]
The following table presents the Operating Partnership’s issued and outstanding “Preference Units” as of September 30, 2013 and December 31, 2012:
 
 
 
 
 
 
Amounts in thousands
 
 
Redemption
Date (1)
 
Annual
Dividend per
Unit (2)
 
September 30,
2013
 
December 31,
2012
Preference Units:
 
 
 
 
 
 
 
 
8.29% Series K Cumulative Redeemable Preference Units;
  liquidation value $50 per unit; 1,000,000 units issued and
  outstanding at September 30, 2013 and December 31, 2012
 
12/10/26
 

$4.145

 
$
50,000

 
$
50,000

 
 
 
 
 
 
$
50,000

 
$
50,000

 
(1)
On or after the redemption date, redeemable preference units may be redeemed for cash at the option of the Operating Partnership, in whole or in part, at a redemption price equal to the liquidation price per unit, plus accrued and unpaid distributions, if any, in conjunction with the concurrent redemption of the corresponding Company Preferred Shares.
(2)
Dividends on Preference Units are payable quarterly.