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Equity, Capital and Other Interests (Tables)
3 Months Ended
Mar. 31, 2014
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 quarter ended March 31, 2014:
 
 
2014
Common Shares
 
 
Common Shares outstanding at January 1,
 
360,479,260

Common Shares Issued:
 
 
Conversion of OP Units
 
18,043

Exercise of share options
 
493,995

Employee Share Purchase Plan (ESPP)
 
37,928

Restricted share grants, net
 
162,349

Common Shares Other:
 
 
Conversion of restricted shares to LTIP Units
 
(12,146
)
Repurchased and retired
 
(31,240
)
Common Shares outstanding at March 31,
 
361,148,189

Units
 
 
Units outstanding at January 1,
 
14,180,376

LTIP Units, net
 
200,840

Conversion of restricted shares to LTIP Units
 
12,146

Conversion of OP Units to Common Shares
 
(18,043
)
Units outstanding at March 31,
 
14,375,319

Total Common Shares and Units outstanding at March 31,
 
375,523,508

Units Ownership Interest in Operating Partnership
 
3.8
%
Redeemable Noncontrolling Interest [Table Text Block]
The following table presents the changes in the redemption value of the Redeemable Noncontrolling Interests – Operating Partnership for the quarter ended March 31, 2014 (amounts in thousands):
 
 
2014
Balance at January 1,
 
$
363,144

Change in market value
 
44,530

Change in carrying value
 
(2,398
)
Balance at March 31,
 
$
405,276

Schedule Of Preferred Stock [Table Text Block]
The following table presents the Company’s issued and outstanding Preferred Shares as of March 31, 2014 and December 31, 2013:
 
 
 
 
 
 
Amounts in thousands
 
 
Redemption
Date (1)
 
Annual
Dividend per
Share (2)
 
March 31,
2014
 
December 31,
2013
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 March 31, 2014 and December 31, 2013
 
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 quarter ended March 31, 2014:
 
 
 
 
 
2014
General and Limited Partner Units
 
 
General and Limited Partner Units outstanding at January 1,
 
374,659,636

Issued to General Partner:
 
 
Exercise of EQR share options
 
493,995

EQR’s Employee Share Purchase Plan (ESPP)
 
37,928

EQR's restricted share grants, net
 
162,349

Issued to Limited Partners:
 
 
LTIP Units, net
 
200,840

OP Units Other:
 
 
Repurchased and retired
 
(31,240
)
General and Limited Partner Units outstanding at March 31,
 
375,523,508

Limited Partner Units
 
 
Limited Partner Units outstanding at January 1,
 
14,180,376

Limited Partner LTIP Units, net
 
200,840

Conversion of EQR restricted shares to LTIP Units
 
12,146

Conversion of Limited Partner OP Units to EQR Common Shares
 
(18,043
)
Limited Partner Units outstanding at March 31,
 
14,375,319

Limited Partner Units Ownership Interest in Operating Partnership
 
3.8
%
Redeemable Noncontrolling Interest [Table Text Block]
The following table presents the changes in the redemption value of the Redeemable Limited Partners for the quarter ended March 31, 2014 (amounts in thousands):
 
 
2014
Balance at January 1,
 
$
363,144

Change in market value
 
44,530

Change in carrying value
 
(2,398
)
Balance at March 31,
 
$
405,276

Schedule Of Preferred Stock [Table Text Block]
The following table presents the Operating Partnership’s issued and outstanding “Preference Units” as of March 31, 2014 and December 31, 2013:
 
 
 
 
 
 
Amounts in thousands
 
 
Redemption
Date (1)
 
Annual
Dividend per
Unit (2)
 
March 31,
2014
 
December 31,
2013
Preference Units:
 
 
 
 
 
 
 
 
8.29% Series K Cumulative Redeemable Preference Units;
  liquidation value $50 per unit; 1,000,000 units issued and
  outstanding at March 31, 2014 and December 31, 2013
 
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.