Equity, Capital and Other Interests (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024 and 2023:

	2024			2023
Common Shares
Common Shares outstanding at January 1,		379,291,417			378,429,708
Common Shares Issued:
Conversion of OP Units		7,967			144,567
Exercise of share options		82,742			173,249
Employee Share Purchase Plan (ESPP)		32,496			27,393
Restricted share grants, net		177,581			123,304
Common Shares Other:
Repurchased and retired		(652,452	)		—
Common Shares outstanding at March 31,		378,939,751			378,898,221
Units
Units outstanding at January 1,		11,581,306			12,429,737
Restricted unit grants, net		159,283			229,913
Conversion of OP Units to Common Shares		(7,967	)		(144,567	)
Units outstanding at March 31,		11,732,622			12,515,083
Total Common Shares and Units outstanding at March 31,		390,672,373			391,413,304
Units Ownership Interest in Operating Partnership		3.0	%		3.2	%

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, 2024 and 2023, respectively (amounts in thousands):

	2024		2023
Balance at January 1,	$	289,248	$	318,273
Change in market value		8,815		5,946
Change in carrying value		156		(668	)
Balance at March 31,	$	298,219	$	323,551

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, 2024 and December 31, 2023:

				Amounts in thousands
		Annual
	Call	Dividend Per		March 31,		December 31,
	Date (1)	Share/Unit (2)		2024		2023
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, 2024 and 745,600 share/units issued    and outstanding as of December 31, 2023 (3)	12/10/2026	$	4.145	$	17,155	$	37,280
				$	17,155	$	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.

(3)During the first quarter of 2024, the Company repurchased and retired 402,500 Series K Preferred Shares/Preference Units with a liquidation value of approximately $20.1 million for total cash consideration of approximately $21.8 million, inclusive of premiums and accrued dividends through the redemption date. As a result of this partial redemption, the Company incurred a cash charge of approximately $1.4 million which was recorded as a premium on the redemption of Preferred Shares/Preference Units.

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, 2024 and 2023:

	2024			2023
General and Limited Partner Units
General and Limited Partner Units outstanding at January 1,		390,872,723			390,859,445
Issued to General Partner:
Exercise of EQR share options		82,742			173,249
EQR’s Employee Share Purchase Plan (ESPP)		32,496			27,393
EQR’s restricted share grants, net		177,581			123,304
Issued to Limited Partners:
Restricted unit grants, net		159,283			229,913
General Partner Other:
OP Units repurchased and retired		(652,452	)		—
General and Limited Partner Units outstanding at March 31,		390,672,373			391,413,304
Limited Partner Units
Limited Partner Units outstanding at January 1,		11,581,306			12,429,737
Limited Partner restricted unit grants, net		159,283			229,913
Conversion of Limited Partner OP Units to EQR Common Shares		(7,967	)		(144,567	)
Limited Partner Units outstanding at March 31,		11,732,622			12,515,083
Limited Partner Units Ownership Interest in Operating Partnership		3.0	%		3.2	%