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Earning Per Share and Earnings Per Unit | 6 Months Ended
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Jun. 30, 2018
Earnings Per Share [Abstract] |
Earning Per Share And Earnings Per Unit |
10. | Earning Per Share and Earnings Per Unit
Equity Residential The following tables set forth the computation of net income per share – basic and net income per share – diluted for the Company (amounts in thousands except per share amounts):
|  | Six Months Ended June 30, |  |  | Quarter Ended June 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Numerator for net income per share – basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 338,958 |  |  | $ | 354,101 |  |  | $ | 118,410 |  |  | $ | 204,160 |
Allocation to Noncontrolling Interests – Operating Partnership |  |  | (12,358 | ) |  |  | (12,765 | ) |  |  | (4,299 | ) |  |  | (7,354 | )
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties |  |  | (1,189 | ) |  |  | (1,553 | ) |  |  | (509 | ) |  |  | (765 | )
Preferred distributions |  |  | (1,545 | ) |  |  | (1,546 | ) |  |  | (772 | ) |  |  | (773 | )
Numerator for net income per share – basic |  | $ | 323,866 |  |  | $ | 338,237 |  |  | $ | 112,830 |  |  | $ | 195,268 |
Numerator for net income per share – diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 338,958 |  |  | $ | 354,101 |  |  | $ | 118,410 |  |  | $ | 204,160 |
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties |  |  | (1,189 | ) |  |  | (1,553 | ) |  |  | (509 | ) |  |  | (765 | )
Preferred distributions |  |  | (1,545 | ) |  |  | (1,546 | ) |  |  | (772 | ) |  |  | (773 | )
Numerator for net income per share – diluted |  | $ | 336,224 |  |  | $ | 351,002 |  |  | $ | 117,129 |  |  | $ | 202,622 |
Denominator for net income per share – basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for net income per share – basic |  |  | 367,865 |  |  |  | 366,713 |  |  |  | 367,930 |  |  |  | 366,820 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
OP Units |  |  | 12,864 |  |  |  | 12,906 |  |  |  | 12,865 |  |  |  | 12,913 |
Long-term compensation shares/units |  |  | 2,495 |  |  |  | 2,886 |  |  |  | 2,628 |  |  |  | 2,959 |
Denominator for net income per share – diluted |  |  | 383,224 |  |  |  | 382,505 |  |  |  | 383,423 |  |  |  | 382,692 |
Net income per share – basic |  | $ | 0.88 |  |  | $ | 0.92 |  |  | $ | 0.31 |  |  | $ | 0.53 |
Net income per share – diluted |  | $ | 0.88 |  |  | $ | 0.92 |  |  | $ | 0.31 |  |  | $ | 0.53 |
ERP Operating Limited Partnership The following tables set forth the computation of net income per Unit – basic and net income per Unit – diluted for the Operating Partnership (amounts in thousands except per Unit amounts):
|  | Six Months Ended June 30, |  |  | Quarter Ended June 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Numerator for net income per Unit – basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 338,958 |  |  | $ | 354,101 |  |  | $ | 118,410 |  |  | $ | 204,160 |
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties |  |  | (1,189 | ) |  |  | (1,553 | ) |  |  | (509 | ) |  |  | (765 | )
Allocation to Preference Units |  |  | (1,545 | ) |  |  | (1,546 | ) |  |  | (772 | ) |  |  | (773 | )
Numerator for net income per Unit – basic and diluted |  | $ | 336,224 |  |  | $ | 351,002 |  |  | $ | 117,129 |  |  | $ | 202,622 |
Denominator for net income per Unit – basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for net income per Unit – basic |  |  | 380,729 |  |  |  | 379,619 |  |  |  | 380,795 |  |  |  | 379,733 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dilution for Units issuable upon assumed exercise/vesting of the Company’s long-term compensation shares/units |  |  | 2,495 |  |  |  | 2,886 |  |  |  | 2,628 |  |  |  | 2,959 |
Denominator for net income per Unit – diluted |  |  | 383,224 |  |  |  | 382,505 |  |  |  | 383,423 |  |  |  | 382,692 |
Net income per Unit – basic |  | $ | 0.88 |  |  | $ | 0.92 |  |  | $ | 0.31 |  |  | $ | 0.53 |
Net income per Unit – diluted |  | $ | 0.88 |  |  | $ | 0.92 |  |  | $ | 0.31 |  |  | $ | 0.53 |

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