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Equity, Capital and Other Interests (Tables)
9 Months Ended
Sep. 30, 2022
Class Of Stock [Line Items]  
Changes in Issued and Outstanding Common Shares and Units

The following table presents the changes in the Company’s issued and outstanding Common Shares and Units for the nine months ended September 30, 2022 and 2021:

 

 

 

2022

 

 

2021

 

Common Shares

 

 

 

 

 

 

Common Shares outstanding at January 1,

 

 

375,527,195

 

 

 

372,302,000

 

Common Shares Issued:

 

 

 

 

 

 

Conversion of OP Units

 

 

37,661

 

 

 

1,153,963

 

Exercise of share options

 

 

381,384

 

 

 

1,401,755

 

Employee Share Purchase Plan (ESPP)

 

 

49,662

 

 

 

59,297

 

Restricted share grants, net

 

 

173,351

 

 

 

85,573

 

Common Shares outstanding at September 30,

 

 

376,169,253

 

 

 

375,002,588

 

Units

 

 

 

 

 

 

Units outstanding at January 1,

 

 

12,659,027

 

 

 

13,858,073

 

Restricted unit grants, net

 

 

223,242

 

 

 

155,638

 

Conversion of OP Units to Common Shares

 

 

(37,661

)

 

 

(1,153,963

)

Units outstanding at September 30,

 

 

12,844,608

 

 

 

12,859,748

 

Total Common Shares and Units outstanding at September 30,

 

 

389,013,861

 

 

 

387,862,336

 

Units Ownership Interest in Operating Partnership

 

 

3.3

%

 

 

3.3

%

 

Changes in Redemption Value of Redeemable Noncontrolling Interests - Operating Partnership/Redeemable Limited Partners

The following table presents the changes in the redemption value of the Redeemable Noncontrolling Interests – Operating Partnership/Redeemable Limited Partners for the nine months ended September 30, 2022 and 2021, respectively (amounts in thousands):

 

 

2022

 

 

2021

 

Balance at January 1,

 

$

498,977

 

 

$

338,951

 

Change in market value

 

 

(127,570

)

 

 

119,237

 

Change in carrying value

 

 

(870

)

 

 

1,745

 

Balance at September 30,

 

$

370,537

 

 

$

459,933

 

Issued and Outstanding Preferred Shares and Preference Units

The following table presents the Company’s issued and outstanding Preferred Shares/Preference Units as of September 30, 2022 and December 31, 2021:

 

 

 

 

 

 

 

Amounts in thousands

 

 

 

 

 

Annual

 

 

 

 

 

 

 

 

 

Call

 

Dividend Per

 

 

September 30,

 

 

December 31,

 

 

 

Date (1)

 

Share/Unit (2)

 

 

2022

 

 

2021

 

Preferred Shares/Preference Units of beneficial interest, $0.01 par value;
   
100,000,000 shares authorized:

 

 

 

 

 

 

 

 

 

 

 

8.29% Series K Cumulative Redeemable Preferred Shares/Preference
   Units; liquidation value $
50 per share/unit; 745,600 shares/units issued
   and outstanding as of September 30, 2022 and December 31, 2021

 

12/10/26

 

$

4.145

 

 

$

37,280

 

 

$

37,280

 

 

 

 

 

 

 

 

$

37,280

 

 

$

37,280

 

(1)
On or after the call date, redeemable Preferred Shares/Preference Units may be redeemed for cash at the option of the Company or the Operating Partnership, respectively, in whole or in part, at a redemption price equal to the liquidation price per share/unit, plus accrued and unpaid distributions, if any.
(2)
Dividends on Preferred Shares/Preference Units are payable quarterly.
ERPOP [Member]  
Class Of Stock [Line Items]  
Changes in Issued and Outstanding Common Shares and Units

The following table presents the changes in the Operating Partnership’s issued and outstanding General Partner Units and Limited Partner Units for the nine months ended September 30, 2022 and 2021:

 

 

 

2022

 

 

2021

 

General and Limited Partner Units

 

 

 

 

 

 

General and Limited Partner Units outstanding at January 1,

 

 

388,186,222

 

 

 

386,160,073

 

Issued to General Partner:

 

 

 

 

 

 

Exercise of EQR share options

 

 

381,384

 

 

 

1,401,755

 

EQR’s Employee Share Purchase Plan (ESPP)

 

 

49,662

 

 

 

59,297

 

EQR’s restricted share grants, net

 

 

173,351

 

 

 

85,573

 

Issued to Limited Partners:

 

 

 

 

 

 

Restricted unit grants, net

 

 

223,242

 

 

 

155,638

 

General and Limited Partner Units outstanding at September 30,

 

 

389,013,861

 

 

 

387,862,336

 

Limited Partner Units

 

 

 

 

 

 

Limited Partner Units outstanding at January 1,

 

 

12,659,027

 

 

 

13,858,073

 

Limited Partner restricted unit grants, net

 

 

223,242

 

 

 

155,638

 

Conversion of Limited Partner OP Units to EQR Common Shares

 

 

(37,661

)

 

 

(1,153,963

)

Limited Partner Units outstanding at September 30,

 

 

12,844,608

 

 

 

12,859,748

 

Limited Partner Units Ownership Interest in Operating Partnership

 

 

3.3

%

 

 

3.3

%