Equity, Capital and Other Interests (Tables)

12 Months Ended

Dec. 31, 2021

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 years ended December 31, 2021, 2020 and 2019:

	2021			2020			2019
Common Shares
Common Shares outstanding at January 1,		372,302,000			371,670,884			369,405,161
Common Shares Issued:
Conversion of OP Units		1,354,208			122,505			313,940
Exercise of share options		1,710,692			239,695			1,745,050
Employee Share Purchase Plan (ESPP)		70,702			90,196			48,131
Restricted share grants, net		89,593			178,720			158,602
Common Shares outstanding at December 31,		375,527,195			372,302,000			371,670,884
Units
Units outstanding at January 1,		13,858,073			13,731,315			13,904,035
Restricted unit grants, net		155,162			249,263			141,220
Conversion of OP Units to Common Shares		(1,354,208	)		(122,505	)		(313,940	)
Units outstanding at December 31,		12,659,027			13,858,073			13,731,315
Total Common Shares and Units outstanding at December 31,		388,186,222			386,160,073			385,402,199
Units Ownership Interest in Operating Partnership		3.3	%		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 years ended December 31, 2021, 2020 and 2019, respectively (amounts in thousands):

	2021		2020			2019
Balance at January 1,	$	338,951	$	463,400		$	379,106
Change in market value		158,598		(125,224	)		82,283
Change in carrying value		1,428		775			2,011
Balance at December 31,	$	498,977	$	338,951		$	463,400

Issued and Outstanding Preferred Shares and Preference Units

The following table presents the Company’s issued and outstanding Preferred Shares/Preference Units as of December 31, 2021 and 2020:

				Amounts in thousands
		Annual
	Call	Dividend Per		December 31,		December 31,
	Date (1)	Share/Unit (2)		2021		2020
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 December 31, 2021 and 2020	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 years ended December 31, 2021, 2020 and 2019:

	2021			2020			2019
General and Limited Partner Units
General and Limited Partner Units outstanding at January 1,		386,160,073			385,402,199			383,309,196
Issued to General Partner:
Exercise of EQR share options		1,710,692			239,695			1,745,050
EQR’s Employee Share Purchase Plan (ESPP)		70,702			90,196			48,131
EQR’s restricted share grants, net		89,593			178,720			158,602
Issued to Limited Partners:
Restricted unit grants, net		155,162			249,263			141,220
General and Limited Partner Units outstanding at December 31,		388,186,222			386,160,073			385,402,199
Limited Partner Units
Limited Partner Units outstanding at January 1,		13,858,073			13,731,315			13,904,035
Limited Partner restricted unit grants, net		155,162			249,263			141,220
Conversion of Limited Partner OP Units to EQR Common Shares		(1,354,208	)		(122,505	)		(313,940	)
Limited Partner Units outstanding at December 31,		12,659,027			13,858,073			13,731,315
Limited Partner Units Ownership Interest in Operating Partnership		3.3	%		3.6	%		3.6	%