Equity, Capital and Other Interests (Tables)

9 Months Ended

Sep. 30, 2021

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, 2021 and 2020:

	2021			2020
Common Shares
Common Shares outstanding at January 1,		372,302,000			371,670,884
Common Shares Issued:
Conversion of OP Units		1,153,963			99,737
Exercise of share options		1,401,755			219,922
Employee Share Purchase Plan (ESPP)		59,297			69,986
Restricted share grants, net		85,573			178,720
Common Shares outstanding at September 30,		375,002,588			372,239,249
Units
Units outstanding at January 1,		13,858,073			13,731,315
Restricted unit grants, net		155,638			247,822
Conversion of OP Units to Common Shares		(1,153,963	)		(99,737	)
Units outstanding at September 30,		12,859,748			13,879,400
Total Common Shares and Units outstanding at September 30,		387,862,336			386,118,649
Units Ownership Interest in Operating Partnership		3.3	%		3.6	%

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, 2021 and 2020, respectively (amounts in thousands):

	2021		2020
Balance at January 1,	$	338,951	$	463,400
Change in market value		119,237		(169,825	)
Change in carrying value		1,745		131
Balance at September 30,	$	459,933	$	293,706

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, 2021 and December 31, 2020:

				Amounts in thousands
		Annual
	Call	Dividend Per		September 30,		December 31,
	Date (1)	Share/Unit (2)		2021		2020
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, 2021 and December 31, 2020	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, 2021 and 2020:

	2021			2020
General and Limited Partner Units
General and Limited Partner Units outstanding at January 1,		386,160,073			385,402,199
Issued to General Partner:
Exercise of EQR share options		1,401,755			219,922
EQR’s Employee Share Purchase Plan (ESPP)		59,297			69,986
EQR’s restricted share grants, net		85,573			178,720
Issued to Limited Partners:
Restricted unit grants, net		155,638			247,822
General and Limited Partner Units outstanding at September 30,		387,862,336			386,118,649
Limited Partner Units
Limited Partner Units outstanding at January 1,		13,858,073			13,731,315
Limited Partner restricted unit grants, net		155,638			247,822
Conversion of Limited Partner OP Units to EQR Common Shares		(1,153,963	)		(99,737	)
Limited Partner Units outstanding at September 30,		12,859,748			13,879,400
Limited Partner Units Ownership Interest in Operating Partnership		3.3	%		3.6	%