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Equity, Capital and Other Interests (Tables)
3 Months Ended
Mar. 31, 2025
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 quarters ended March 31, 2025 and 2024:

 

 

2025

 

 

2024

 

Common Shares

 

 

 

 

 

 

Common Shares outstanding at January 1,

 

 

379,475,383

 

 

 

379,291,417

 

Common Shares Issued:

 

 

 

 

 

 

Conversion of OP Units

 

 

107,399

 

 

 

7,967

 

Exercise of share options

 

 

67,804

 

 

 

82,742

 

Employee Share Purchase Plan (ESPP)

 

 

15,062

 

 

 

32,496

 

Restricted share grants, net

 

 

175,030

 

 

 

177,581

 

Common Shares Other:

 

 

 

 

 

 

Repurchased and retired

 

 

 

 

 

(652,452

)

Common Shares outstanding at March 31,

 

 

379,840,678

 

 

 

378,939,751

 

Units

 

 

 

 

 

 

Units outstanding at January 1,

 

 

11,543,773

 

 

 

11,581,306

 

Restricted unit grants, net

 

 

286,898

 

 

 

159,283

 

Conversion of OP Units to Common Shares

 

 

(107,399

)

 

 

(7,967

)

Units outstanding at March 31,

 

 

11,723,272

 

 

 

11,732,622

 

Total Common Shares and Units outstanding at March 31,

 

 

391,563,950

 

 

 

390,672,373

 

Units Ownership Interest in Operating Partnership

 

 

3.0

%

 

 

3.0

%

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 quarters ended March 31, 2025 and 2024, respectively (amounts in thousands):

 

 

2025

 

 

2024

 

Balance at January 1,

 

$

338,563

 

 

$

289,248

 

Change in market value

 

 

(755

)

 

 

8,815

 

Change in carrying value

 

 

(109

)

 

 

156

 

Balance at March 31,

 

$

337,699

 

 

$

298,219

 

Issued and Outstanding Preferred Shares and Preference Units

The following table presents the Company’s issued and outstanding Preferred Shares/Preference Units as of March 31, 2025 and December 31, 2024:

 

 

 

 

 

 

 

Amounts in thousands

 

 

 

 

 

Annual

 

 

 

 

 

 

 

 

 

Call

 

Dividend Per

 

 

March 31,

 

 

December 31,

 

 

 

Date (1)

 

Share/Unit (2)

 

 

2025

 

 

2024

 

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; 343,100 shares/units issued
   and outstanding as of March 31, 2025 and December 31, 2024

 

12/10/2026

 

$

4.145

 

 

$

17,155

 

 

$

17,155

 

 

 

 

 

 

 

 

$

17,155

 

 

$

17,155

 

 

(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 quarters ended March 31, 2025 and 2024:

 

 

2025

 

 

2024

 

General and Limited Partner Units

 

 

 

 

 

 

General and Limited Partner Units outstanding at January 1,

 

 

391,019,156

 

 

 

390,872,723

 

Issued to General Partner:

 

 

 

 

 

 

Exercise of EQR share options

 

 

67,804

 

 

 

82,742

 

EQR’s Employee Share Purchase Plan (ESPP)

 

 

15,062

 

 

 

32,496

 

EQR’s restricted share grants, net

 

 

175,030

 

 

 

177,581

 

Issued to Limited Partners:

 

 

 

 

 

 

Restricted unit grants, net

 

 

286,898

 

 

 

159,283

 

General Partner Other:

 

 

 

 

 

 

OP Units repurchased and retired

 

 

 

 

 

(652,452

)

General and Limited Partner Units outstanding at March 31,

 

 

391,563,950

 

 

 

390,672,373

 

Limited Partner Units

 

 

 

 

 

 

Limited Partner Units outstanding at January 1,

 

 

11,543,773

 

 

 

11,581,306

 

Limited Partner restricted unit grants, net

 

 

286,898

 

 

 

159,283

 

Conversion of Limited Partner OP Units to EQR Common Shares

 

 

(107,399

)

 

 

(7,967

)

Limited Partner Units outstanding at March 31,

 

 

11,723,272

 

 

 

11,732,622

 

Limited Partner Units Ownership Interest in Operating Partnership

 

 

3.0

%

 

 

3.0

%