XML 30 R37.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Reportable Segments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2015
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] |
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, 2015 and 2014, respectively (amounts in thousands):
|  | Nine Months Ended September 30, |  | Quarter Ended September 30,
|  | 2015 |  | 2014 |  | 2015 |  | 2014
Rental income |  | $ | 2,035,359 |  |  | $ | 1,942,492 |  |  | $ | 694,245 |  |  | $ | 662,001 |
Property and maintenance expense |  | (364,948 | ) |  | (361,087 | ) |  | (122,383 | ) |  | (120,139 | )
Real estate taxes and insurance expense |  | (254,513 | ) |  | (245,717 | ) |  | (84,962 | ) |  | (80,568 | )
Property management expense |  | (60,887 | ) |  | (61,080 | ) |  | (18,925 | ) |  | (18,407 | )
Total operating expenses |  | (680,348 | ) |  | (667,884 | ) |  | (226,270 | ) |  | (219,114 | )
Net operating income |  | $ | 1,355,011 |  |  | $ | 1,274,608 |  |  | $ | 467,975 |  |  | $ | 442,887 |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | 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, 2015 and 2014, respectively, as well as total assets and capital expenditures at September 30, 2015 (amounts in thousands):
|  | Nine Months Ended September 30, 2015 |  | Nine Months Ended September 30, 2014
|  | Rental Income |  | Operating Expenses |  | NOI |  | Rental Income |  | Operating Expenses |  | NOI
Same store (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Boston |  | $ | 188,091 |  |  | $ | 61,890 |  |  | $ | 126,201 |  |  | $ | 182,085 |  |  | $ | 58,769 |  |  | $ | 123,316 |
New York |  | 354,704 |  |  | 133,433 |  |  | 221,271 |  |  | 340,374 |  |  | 129,006 |  |  | 211,368 |
San Francisco |  | 278,514 |  |  | 81,469 |  |  | 197,045 |  |  | 251,812 |  |  | 80,087 |  |  | 171,725 |
Seattle |  | 124,623 |  |  | 38,724 |  |  | 85,899 |  |  | 116,327 |  |  | 38,706 |  |  | 77,621 |
Southern California |  | 322,762 |  |  | 102,989 |  |  | 219,773 |  |  | 305,427 |  |  | 101,924 |  |  | 203,503 |
Washington D.C. |  | 341,797 |  |  | 113,582 |  |  | 228,215 |  |  | 339,453 |  |  | 110,357 |  |  | 229,096 |
Non-core – South Florida |  | 151,115 |  |  | 54,961 |  |  | 96,154 |  |  | 143,000 |  |  | 53,188 |  |  | 89,812 |
Non-core – Denver |  | 89,716 |  |  | 24,246 |  |  | 65,470 |  |  | 82,392 |  |  | 23,246 |  |  | 59,146 |
Non-core – other |  | 64,405 |  |  | 23,829 |  |  | 40,576 |  |  | 61,857 |  |  | 23,249 |  |  | 38,608 |
Total same store |  | 1,915,727 |  |  | 635,123 |  |  | 1,280,604 |  |  | 1,822,727 |  |  | 618,532 |  |  | 1,204,195 |
Non-same store/other (2) (3) |  |  |  |  |  |  |  |  |  |  |  |
Boston |  | 6,192 |  |  | 1,795 |  |  | 4,397 |  |  | 2,750 |  |  | 633 |  |  | 2,117 |
New York |  | 4,302 |  |  | 3,660 |  |  | 642 |  |  | 16 |  |  | 1 |  |  | 15 |
San Francisco |  | 2,709 |  |  | 1,465 |  |  | 1,244 |  |  | 10 |  |  | 24 |  |  | (14 | )
Seattle |  | 14,894 |  |  | 4,394 |  |  | 10,500 |  |  | 3,712 |  |  | 1,332 |  |  | 2,380 |
Southern California |  | 52,833 |  |  | 19,377 |  |  | 33,456 |  |  | 32,949 |  |  | 14,068 |  |  | 18,881 |
Washington D.C. |  | 16,370 |  |  | 4,855 |  |  | 11,515 |  |  | 12,610 |  |  | 4,683 |  |  | 7,927 |
Non-core – South Florida |  | 5,916 |  |  | 2,101 |  |  | 3,815 |  |  | 3,694 |  |  | 2,026 |  |  | 1,668 |
Other (3) |  | 16,416 |  |  | 7,578 |  |  | 8,838 |  |  | 64,024 |  |  | 26,585 |  |  | 37,439 |
Total non-same store/other |  | 119,632 |  |  | 45,225 |  |  | 74,407 |  |  | 119,765 |  |  | 49,352 |  |  | 70,413 |
Total |  | $ | 2,035,359 |  |  | $ | 680,348 |  |  | $ | 1,355,011 |  |  | $ | 1,942,492 |  |  | $ | 667,884 |  |  | $ | 1,274,608 |
(1) | Same store primarily includes all properties acquired or completed and stabilized prior to January 1, 2014, less properties subsequently sold, which represented 96,432 apartment units.
(2) | Non-same store primarily includes properties acquired after January 1, 2014, plus any properties in lease-up and not stabilized as of January 1, 2014.
(3) | Other includes development, other corporate operations and operations prior to sale for properties sold in 2014 and 2015 that do not meet the new discontinued operations criteria.
|  | Quarter Ended September 30, 2015 |  | Quarter Ended September 30, 2014
|  | Rental Income |  | Operating Expenses |  | NOI |  | Rental Income |  | Operating Expenses |  | NOI
Same store (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Boston |  | $ | 63,673 |  |  | $ | 20,159 |  |  | $ | 43,514 |  |  | $ | 61,407 |  |  | $ | 19,056 |  |  | $ | 42,351 |
New York |  | 120,149 |  |  | 43,578 |  |  | 76,571 |  |  | 114,968 |  |  | 41,961 |  |  | 73,007 |
San Francisco |  | 96,115 |  |  | 27,512 |  |  | 68,603 |  |  | 86,468 |  |  | 27,124 |  |  | 59,344 |
Seattle |  | 43,481 |  |  | 13,206 |  |  | 30,275 |  |  | 40,538 |  |  | 13,082 |  |  | 27,456 |
Southern California |  | 115,657 |  |  | 36,979 |  |  | 78,678 |  |  | 109,054 |  |  | 36,639 |  |  | 72,415 |
Washington D.C. |  | 116,935 |  |  | 38,714 |  |  | 78,221 |  |  | 116,449 |  |  | 37,793 |  |  | 78,656 |
Non-core – South Florida |  | 51,960 |  |  | 18,927 |  |  | 33,033 |  |  | 48,850 |  |  | 18,198 |  |  | 30,652 |
Non-core – Denver |  | 30,890 |  |  | 8,619 |  |  | 22,271 |  |  | 28,269 |  |  | 8,150 |  |  | 20,119 |
Non-core – other |  | 21,868 |  |  | 7,912 |  |  | 13,956 |  |  | 20,976 |  |  | 7,655 |  |  | 13,321 |
Total same store |  | 660,728 |  |  | 215,606 |  |  | 445,122 |  |  | 626,979 |  |  | 209,658 |  |  | 417,321 |
Non-same store/other (2) (3) |  |  |  |  |  |  |  |  |  |  |  |
Boston |  | 2,858 |  |  | 916 |  |  | 1,942 |  |  | 932 |  |  | 222 |  |  | 710 |
New York |  | 3,079 |  |  | 2,258 |  |  | 821 |  |  | 6 |  |  | — |  |  | 6 |
San Francisco |  | 2,216 |  |  | 899 |  |  | 1,317 |  |  | 4 |  |  | 12 |  |  | (8 | )
Seattle |  | 4,692 |  |  | 1,523 |  |  | 3,169 |  |  | 1,722 |  |  | 505 |  |  | 1,217 |
Southern California |  | 12,424 |  |  | 4,351 |  |  | 8,073 |  |  | 8,486 |  |  | 3,383 |  |  | 5,103 |
Washington D.C. |  | 3,538 |  |  | 1,013 |  |  | 2,525 |  |  | 2,932 |  |  | 901 |  |  | 2,031 |
Non-core – South Florida |  | 1,331 |  |  | 563 |  |  | 768 |  |  | 1,042 |  |  | 561 |  |  | 481 |
Other (3) |  | 3,379 |  |  | (859 | ) |  | 4,238 |  |  | 19,898 |  |  | 3,872 |  |  | 16,026 |
Total non-same store/other |  | 33,517 |  |  | 10,664 |  |  | 22,853 |  |  | 35,022 |  |  | 9,456 |  |  | 25,566 |
Total |  | $ | 694,245 |  |  | $ | 226,270 |  |  | $ | 467,975 |  |  | $ | 662,001 |  |  | $ | 219,114 |  |  | $ | 442,887 |
(1) | Same store primarily includes all properties acquired or completed and stabilized prior to July 1, 2014, less properties subsequently sold, which represented 97,737 apartment units.
(2) | Non-same store primarily includes properties acquired after July 1, 2014, plus any properties in lease-up and not stabilized as of July 1, 2014.
(3) | Other includes development, other corporate operations and operations prior to sale for properties sold in 2014 and 2015 that do not meet the new discontinued operations criteria.
|  | Nine Months Ended September 30, 2015
|  | Total Assets |  | Capital Expenditures
Same store (1) |  |  |  |  |  |
Boston |  | $ | 1,854,057 |  |  | $ | 12,948 |
New York |  | 4,593,457 |  |  | 13,213 |
San Francisco |  | 2,666,256 |  |  | 19,932 |
Seattle |  | 1,072,287 |  |  | 9,608 |
Southern California |  | 2,748,274 |  |  | 23,320 |
Washington D.C. |  | 4,199,832 |  |  | 26,697 |
Non-core – South Florida |  | 1,111,103 |  |  | 12,856 |
Non-core – Denver |  | 506,436 |  |  | 5,888 |
Non-core – other |  | 325,649 |  |  | 4,862 |
Total same store |  | 19,077,351 |  |  | 129,324 |
Non-same store/other (2) (3) |  |  |  |
Boston |  | 173,368 |  |  | 308 |
New York |  | 366,978 |  |  | (12 | )
San Francisco |  | 261,039 |  |  | 3 |
Seattle |  | 368,624 |  |  | 70 |
Southern California |  | 837,998 |  |  | 3,713 |
Washington D.C. |  | 237,900 |  |  | 568 |
Non-core – South Florida |  | 65,193 |  |  | 30 |
Other (3) |  | 1,620,353 |  |  | 434 |
Total non-same store/other |  | 3,931,453 |  |  | 5,114 |
Total |  | $ | 23,008,804 |  |  | $ | 134,438 |
(1) | Same store primarily includes all properties acquired or completed and stabilized prior to January 1, 2014, less properties subsequently sold, which represented 96,432 apartment units.
(2) | Non-same store primarily includes properties acquired after January 1, 2014, plus any properties in lease-up and not stabilized as of January 1, 2014.
(3) | Other includes development, other corporate operations and capital expenditures for properties sold.
Note: Markets/Metro Areas aggregated in the above Southern California and Non-core – other segments are as follows: (a) Southern California – Los Angeles, Orange County and San Diego. (b) Non-core – other – Inland Empire, CA, New England (excluding Boston) and Phoenix

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 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 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=51669610&loc=d3e8813-108599 Reference 3: 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=51669610&loc=d3e8721-108599 Reference 4: 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 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=51669610&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingDisclosureOfEntitysReportableSegmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration