Equity, Capital and Other Interests (Tables)

9 Months Ended

Sep. 30, 2020

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, 2020 and 2019:

	2020			2019
Common Shares
Common Shares outstanding at January 1,		371,670,884			369,405,161
Common Shares Issued:
Conversion of OP Units		99,737			294,400
Exercise of share options		219,922			1,430,048
Employee Share Purchase Plan (ESPP)		69,986			37,263
Restricted share grants, net		178,720			160,460
Common Shares outstanding at September 30,		372,239,249			371,327,332
Units
Units outstanding at January 1,		13,731,315			13,904,035
Restricted unit grants, net		247,822			140,055
Conversion of OP Units to Common Shares		(99,737	)		(294,400	)
Units outstanding at September 30,		13,879,400			13,749,690
Total Common Shares and Units outstanding at September 30,		386,118,649			385,077,022
Units Ownership Interest in Operating Partnership		3.6	%		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, 2020 and 2019 (amounts in thousands):

	2020			2019
Balance at January 1,	$	463,400		$	379,106
Change in market value		(169,825	)		114,936
Change in carrying value		131			957
Balance at September 30,	$	293,706		$	494,999

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, 2020 and December 31, 2019:

				Amounts in thousands
		Annual
	Call	Dividend Per		September 30,		December 31,
	Date (1)	Share/Unit (2)		2020		2019
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, 2020 and December 31, 2019	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, 2020 and 2019:

	2020			2019
General and Limited Partner Units
General and Limited Partner Units outstanding at January 1,		385,402,199			383,309,196
Issued to General Partner:
Exercise of EQR share options		219,922			1,430,048
EQR’s Employee Share Purchase Plan (ESPP)		69,986			37,263
EQR’s restricted share grants, net		178,720			160,460
Issued to Limited Partners:
Restricted unit grants, net		247,822			140,055
General and Limited Partner Units outstanding at September 30,		386,118,649			385,077,022
Limited Partner Units
Limited Partner Units outstanding at January 1,		13,731,315			13,904,035
Limited Partner restricted unit grants, net		247,822			140,055
Conversion of Limited Partner OP Units to EQR Common Shares		(99,737	)		(294,400	)
Limited Partner Units outstanding at September 30,		13,879,400			13,749,690
Limited Partner Units Ownership Interest in Operating Partnership		3.6	%		3.6	%