Equity, Capital and Other Interests (Tables)

3 Months Ended

Mar. 31, 2022

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, 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		6,756			—
Exercise of share options		269,665			506,342
Employee Share Purchase Plan (ESPP)		13,374			32,572
Restricted share grants, net		157,080			76,499
Common Shares outstanding at March 31,		375,974,070			372,917,413
Units
Units outstanding at January 1,		12,659,027			13,858,073
Restricted unit grants, net		220,333			184,301
Conversion of OP Units to Common Shares		(6,756	)		—
Units outstanding at March 31,		12,872,604			14,042,374
Total Common Shares and Units outstanding at March 31,		388,846,674			386,959,787
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 quarters ended March 31, 2022 and 2021, respectively (amounts in thousands):

	2022			2021
Balance at January 1,	$	498,977		$	338,951
Change in market value		(939	)		72,956
Change in carrying value		(2,278	)		(2,384	)
Balance at March 31,	$	495,760		$	409,523

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, 2022 and December 31, 2021:

				Amounts in thousands
		Annual
	Call	Dividend Per		March 31,		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 March 31, 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 quarters ended March 31, 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		269,665			506,342
EQR’s Employee Share Purchase Plan (ESPP)		13,374			32,572
EQR’s restricted share grants, net		157,080			76,499
Issued to Limited Partners:
Restricted unit grants, net		220,333			184,301
General and Limited Partner Units outstanding at March 31,		388,846,674			386,959,787
Limited Partner Units
Limited Partner Units outstanding at January 1,		12,659,027			13,858,073
Limited Partner restricted unit grants, net		220,333			184,301
Conversion of Limited Partner OP Units to EQR Common Shares		(6,756	)		—
Limited Partner Units outstanding at March 31,		12,872,604			14,042,374
Limited Partner Units Ownership Interest in Operating Partnership		3.3	%		3.6	%