XML 32 R37.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Reportable Segments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2014
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] |
Reportable Segments Schedule | The following tables present NOI for each segment from our rental real estate specific to continuing operations for the nine months and quarters ended September 30, 2014 and 2013, respectively, as well as total assets and capital expenditures at September 30, 2014 (amounts in thousands):
|  | Nine Months Ended September 30, 2014 |  | Nine Months Ended September 30, 2013
|  | Rental Income |  | Operating Expenses |  | NOI |  | Rental Income |  | Operating Expenses |  | NOI
Same store (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Boston |  | $ | 188,509 |  |  | $ | 61,195 |  |  | $ | 127,314 |  |  | $ | 182,143 |  |  | $ | 59,373 |  |  | $ | 122,770 |
Denver |  | 82,392 |  |  | 23,263 |  |  | 59,129 |  |  | 76,796 |  |  | 23,095 |  |  | 53,701 |
New York |  | 340,374 |  |  | 129,561 |  |  | 210,813 |  |  | 327,884 |  |  | 124,960 |  |  | 202,924 |
San Francisco |  | 251,812 |  |  | 79,898 |  |  | 171,914 |  |  | 232,062 |  |  | 81,417 |  |  | 150,645 |
Seattle |  | 116,581 |  |  | 38,649 |  |  | 77,932 |  |  | 108,789 |  |  | 37,108 |  |  | 71,681 |
South Florida |  | 143,000 |  |  | 53,347 |  |  | 89,653 |  |  | 136,599 |  |  | 52,238 |  |  | 84,361 |
Southern California |  | 314,247 |  |  | 104,996 |  |  | 209,251 |  |  | 300,788 |  |  | 104,211 |  |  | 196,577 |
Washington DC |  | 335,154 |  |  | 108,931 |  |  | 226,223 |  |  | 337,270 |  |  | 107,547 |  |  | 229,723 |
Non-core |  | 92,660 |  |  | 34,236 |  |  | 58,424 |  |  | 89,791 |  |  | 33,349 |  |  | 56,442 |
Total same store |  | 1,864,729 |  |  | 634,076 |  |  | 1,230,653 |  |  | 1,792,122 |  |  | 623,298 |  |  | 1,168,824 |
Non-same store/other (2) (3) |  |  |  |  |  |  |  |  |  |  |  |
Boston |  | 2,749 |  |  | 639 |  |  | 2,110 |  |  | 1,900 |  |  | 430 |  |  | 1,470 |
Seattle |  | 8,608 |  |  | 3,014 |  |  | 5,594 |  |  | 2,855 |  |  | 813 |  |  | 2,042 |
South Florida |  | 3,687 |  |  | 2,113 |  |  | 1,574 |  |  | 44 |  |  | 364 |  |  | (320 | )
Southern California |  | 28,005 |  |  | 12,737 |  |  | 15,268 |  |  | 9,824 |  |  | 4,554 |  |  | 5,270 |
Washington DC |  | 17,324 |  |  | 6,005 |  |  | 11,319 |  |  | 9,109 |  |  | 3,276 |  |  | 5,833 |
Other (3) |  | 17,390 |  |  | 9,318 |  |  | 8,072 |  |  | 17,738 |  |  | 15,954 |  |  | 1,784 |
Total non-same store/other |  | 77,763 |  |  | 33,826 |  |  | 43,937 |  |  | 41,470 |  |  | 25,391 |  |  | 16,079 |
Archstone pre-ownership (4) |  | — |  |  | — |  |  | — |  |  | (92,423 | ) |  | (36,729 | ) |  | (55,694 | )
Total |  | $ | 1,942,492 |  |  | $ | 667,902 |  |  | $ | 1,274,590 |  |  | $ | 1,741,169 |  |  | $ | 611,960 |  |  | $ | 1,129,209 |
(1) | Same store primarily includes all properties acquired or completed and stabilized prior to January 1, 2013, less properties subsequently sold, which represented 99,686 apartment units. Also includes 18,465 stabilized apartment units acquired in the Archstone Acquisition that are owned and managed by the Company.
(2) | Non-same store primarily includes properties acquired after January 1, 2013, plus any properties in lease-up and not stabilized as of January 1, 2013, but excludes 18,465 stabilized apartment units acquired in the Archstone Acquisition that are owned and managed by the Company.
(3) | Other includes development, other corporate operations and operations prior to sale for properties sold in 2014 that do not meet the new discontinued operations criteria.
(4) | Represents pro forma Archstone pre-ownership results for the period January 1, 2013 to February 27, 2013 that is included in 2013 same store results.
|  | Quarter Ended September 30, 2014 |  | Quarter Ended September 30, 2013
|  | Rental Income |  | Operating Expenses |  | NOI |  | Rental Income |  | Operating Expenses |  | NOI
Same store (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Boston |  | $ | 63,485 |  |  | $ | 19,781 |  |  | $ | 43,704 |  |  | $ | 61,687 |  |  | $ | 19,721 |  |  | $ | 41,966 |
Denver |  | 28,269 |  |  | 8,164 |  |  | 20,105 |  |  | 26,303 |  |  | 8,109 |  |  | 18,194 |
New York |  | 114,968 |  |  | 41,457 |  |  | 73,511 |  |  | 110,588 |  |  | 41,215 |  |  | 69,373 |
San Francisco |  | 86,468 |  |  | 26,938 |  |  | 59,530 |  |  | 79,602 |  |  | 27,312 |  |  | 52,290 |
Seattle |  | 41,575 |  |  | 13,428 |  |  | 28,147 |  |  | 38,786 |  |  | 12,992 |  |  | 25,794 |
South Florida |  | 48,245 |  |  | 17,805 |  |  | 30,440 |  |  | 46,135 |  |  | 17,673 |  |  | 28,462 |
Southern California |  | 106,974 |  |  | 35,543 |  |  | 71,431 |  |  | 102,422 |  |  | 35,062 |  |  | 67,360 |
Washington DC |  | 114,478 |  |  | 36,841 |  |  | 77,637 |  |  | 114,793 |  |  | 36,905 |  |  | 77,888 |
Non-core |  | 31,391 |  |  | 11,387 |  |  | 20,004 |  |  | 30,294 |  |  | 11,092 |  |  | 19,202 |
Total same store |  | 635,853 |  |  | 211,344 |  |  | 424,509 |  |  | 610,610 |  |  | 210,081 |  |  | 400,529 |
Non-same store/other (2) (3) |  |  |  |  |  |  |  |  |  |  |  |
Boston |  | 931 |  |  | 215 |  |  | 716 |  |  | 747 |  |  | 176 |  |  | 571 |
Seattle |  | 2,464 |  |  | 645 |  |  | 1,819 |  |  | — |  |  | — |  |  | — |
South Florida |  | 1,645 |  |  | 736 |  |  | 909 |  |  | 21 |  |  | 218 |  |  | (197 | )
Southern California |  | 11,889 |  |  | 4,653 |  |  | 7,236 |  |  | 4,413 |  |  | 1,962 |  |  | 2,451 |
Washington DC |  | 4,899 |  |  | 1,654 |  |  | 3,245 |  |  | 2,458 |  |  | 1,003 |  |  | 1,455 |
Other (3) |  | 4,320 |  |  | (128 | ) |  | 4,448 |  |  | 5,814 |  |  | 133 |  |  | 5,681 |
Total non-same store/other | 26,148 |  |  | 7,775 |  |  | 18,373 |  |  | 13,453 |  |  | 3,492 |  |  | 9,961 |
Total |  | $ | 662,001 |  |  | $ | 219,119 |  |  | $ | 442,882 |  |  | $ | 624,063 |  |  | $ | 213,573 |  |  | $ | 410,490 |
(1) | Same store primarily includes all properties acquired or completed and stabilized prior to July 1, 2013, less properties subsequently sold, which represented 100,196 apartment units. Also includes 18,465 stabilized apartment units acquired in the Archstone Acquisition that are owned and managed by the Company.
(2) | Non-same store primarily includes properties acquired after July 1, 2013, plus any properties in lease-up and not stabilized as of July 1, 2013, but excludes 18,465 stabilized apartment units acquired in the Archstone Acquisition that are owned and managed by the Company.
(3) | Other includes development, other corporate operations and operations prior to sale for properties sold in 2014 that do not meet the new discontinued operations criteria.
|  | Nine Months Ended September 30, 2014
|  | Total Assets |  | Capital Expenditures
Same store (1) |  |  |  |  |  |
Boston |  | $ | 1,939,055 |  |  | $ | 14,656 |
Denver |  | 525,685 |  |  | 3,900 |
New York |  | 4,683,104 |  |  | 14,802 |
San Francisco |  | 2,736,460 |  |  | 20,234 |
Seattle |  | 1,039,100 |  |  | 9,699 |
South Florida |  | 1,145,788 |  |  | 11,377 |
Southern California |  | 2,955,062 |  |  | 19,125 |
Washington DC |  | 4,252,450 |  |  | 30,477 |
Non-core |  | 575,000 |  |  | 4,967 |
Total same store |  | 19,851,704 |  |  | 129,237 |
Non-same store/other (2) (3) |  |  |  |
Boston |  | 48,570 |  |  | 690 |
Seattle |  | 226,023 |  |  | 396 |
South Florida |  | 68,528 |  |  | — |
Southern California |  | 754,384 |  |  | 971 |
Washington DC |  | 303,871 |  |  | 1,290 |
Other (3) |  | 1,755,014 |  |  | 597 |
Total non-same store/other |  | 3,156,390 |  |  | 3,944 |
Total |  | $ | 23,008,094 |  |  | $ | 133,181 |
(1) | Same store primarily includes all properties acquired or completed and stabilized prior to January 1, 2013, less properties subsequently sold, which represented 99,686 apartment units. Also includes 18,465 stabilized apartment units acquired in the Archstone Acquisition that are owned and managed by the Company.
(2) | Non-same store primarily includes properties acquired after January 1, 2013, plus any properties in lease-up and not stabilized as of January 1, 2013, but excludes 18,465 stabilized apartment units acquired in the Archstone Acquisition that are owned and managed by the Company.
(3) | Other includes development, other corporate operations and capital expenditures for properties sold.
Reconciliation of NOI | The following table presents a reconciliation of NOI from our rental real estate specific to continuing operations for the nine months and quarters ended September 30, 2014 and 2013, respectively (amounts in thousands):
|  | Nine Months Ended September 30, |  | Quarter Ended September 30,
|  | 2014 |  | 2013 |  | 2014 |  | 2013
Rental income |  | $ | 1,942,492 |  |  | $ | 1,741,169 |  |  | $ | 662,001 |  |  | $ | 624,063 |
Property and maintenance expense |  | (361,105 | ) |  | (330,812 | ) |  | (120,144 | ) |  | (118,782 | )
Real estate taxes and insurance expense |  | (245,717 | ) |  | (217,753 | ) |  | (80,568 | ) |  | (75,916 | )
Property management expense |  | (61,080 | ) |  | (63,395 | ) |  | (18,407 | ) |  | (18,875 | )
Total operating expenses |  | (667,902 | ) |  | (611,960 | ) |  | (219,119 | ) |  | (213,573 | )
Net operating income |  | $ | 1,274,590 |  |  | $ | 1,129,209 |  |  | $ | 442,882 |  |  | $ | 410,490 |

X
- Definition Represents a reconciliation of net operating income from rental real estate specific to continuing operations using rental income and operating expenses. + References No definition available. + Details
Name: | eqr_ReconciliationOfNoiTextBlockTableTextBlock
Namespace Prefix: | eqr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingDisclosureOfEntitysReportableSegmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration