Equity, Capital and Other Interests (Tables)

9 Months Ended

Sep. 30, 2018

Changes in Issued and Outstanding Common Shares and Units

The following tables present the changes in the Company’s issued and outstanding Common Shares and “Units” (which includes OP Units and restricted units) for the nine months ended September 30, 2018:

	2018
Common Shares
Common Shares outstanding at January 1,		368,018,082
Common Shares Issued:
Conversion of OP Units		12,510
Exercise of share options		194,796
Employee Share Purchase Plan (ESPP)		61,321
Restricted share grants, net		122,877
Common Shares outstanding at September 30,		368,409,586
Units
Units outstanding at January 1,		13,768,438
Restricted unit grants, net		267,074
Conversion of OP Units to Common Shares		(12,510	)
Units outstanding at September 30,		14,023,002
Total Common Shares and Units outstanding at September 30,		382,432,588
Units Ownership Interest in Operating Partnership		3.7	%

Changes in Redemption Value of Redeemable Noncontrolling Interests and Limited Partners Interest

The following table presents the changes in the redemption value of the Redeemable Noncontrolling Interests – Operating Partnership for the nine months ended September 30, 2018 (amounts in thousands):

	2018
Balance at January 1,	$	366,955
Change in market value		14,361
Change in carrying value		(77	)
Balance at September 30,	$	381,239

Issued and Outstanding Preferred Shares and Preference Units

The following table presents the Company’s issued and outstanding Preferred Shares as of September 30, 2018 and December 31, 2017:

				Amounts in thousands
		Annual
	Call	Dividend Per		September 30,		December 31,
	Date (1)	Share (2)		2018		2017
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; 745,600 shares issued and outstanding as of September 30, 2018 and December 31, 2017	12/10/26	$	4.145	$	37,280	$	37,280
				$	37,280	$	37,280

(1)	On or after the call 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.

ERPOP [Member]

Class Of Stock [Line Items]

Changes in Issued and Outstanding Common Shares and Units

The following tables present the changes in the Operating Partnership’s issued and outstanding Units and in the limited partners’ Units for the nine months ended September 30, 2018:

	2018
General and Limited Partner Units
General and Limited Partner Units outstanding at January 1,		381,786,520
Issued to General Partner:
Exercise of EQR share options		194,796
EQR’s Employee Share Purchase Plan (ESPP)		61,321
EQR’s restricted share grants, net		122,877
Issued to Limited Partners:
Restricted unit grants, net		267,074
General and Limited Partner Units outstanding at September 30,		382,432,588
Limited Partner Units
Limited Partner Units outstanding at January 1,		13,768,438
Limited Partner restricted unit grants, net		267,074
Conversion of Limited Partner OP Units to EQR Common Shares		(12,510	)
Limited Partner Units outstanding at September 30,		14,023,002
Limited Partner Units Ownership Interest in Operating Partnership		3.7	%

Changes in Redemption Value of Redeemable Noncontrolling Interests and Limited Partners Interest

The following table presents the changes in the redemption value of the Redeemable Limited Partners for the nine months ended September 30, 2018 (amounts in thousands):

	2018
Balance at January 1,	$	366,955
Change in market value		14,361
Change in carrying value		(77	)
Balance at September 30,	$	381,239

Issued and Outstanding Preferred Shares and Preference Units

The following table presents the Operating Partnership’s issued and outstanding “Preference Units” as of September 30, 2018 and December 31, 2017:

				Amounts in thousands
		Annual
	Call	Dividend Per		September 30,		December 31,
	Date (1)	Unit (2)		2018		2017
Preference Units:
8.29% Series K Cumulative Redeemable Preference Units; liquidation value $50 per unit; 745,600 units issued and outstanding as of September 30, 2018 and December 31, 2017	12/10/26	$	4.145	$	37,280	$	37,280
				$	37,280	$	37,280

(1)

On or after the call 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.