Equity, Capital and Other Interests (Tables)

12 Months Ended

Dec. 31, 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 years ended December 31, 2020, 2019 and 2018:

	2020			2019			2018
Common Shares
Common Shares outstanding at January 1,		371,670,884			369,405,161			368,018,082
Common Shares Issued:
Conversion of OP Units		122,505			313,940			131,477
Exercise of share options		239,695			1,745,050			1,056,388
Employee Share Purchase Plan (ESPP)		90,196			48,131			75,414
Restricted share grants, net		178,720			158,602			123,800
Common Shares outstanding at December 31,		372,302,000			371,670,884			369,405,161
Units
Units outstanding at January 1,		13,731,315			13,904,035			13,768,438
Restricted unit grants, net		249,263			141,220			267,074
Conversion of OP Units to Common Shares		(122,505	)		(313,940	)		(131,477	)
Units outstanding at December 31,		13,858,073			13,731,315			13,904,035
Total Common Shares and Units outstanding at December 31,		386,160,073			385,402,199			383,309,196
Units Ownership Interest in Operating Partnership		3.6	%		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, 2020, 2019 and 2018, respectively (amounts in thousands):

	2020			2019		2018
Balance at January 1,	$	463,400		$	379,106	$	366,955
Change in market value		(125,224	)		82,283		13,922
Change in carrying value		775			2,011		(1,771	)
Balance at December 31,	$	338,951		$	463,400	$	379,106

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, 2020 and 2019:

				Amounts in thousands
		Annual
	Call	Dividend Per		December 31,		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 December 31, 2020 and 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 years ended December 31, 2020, 2019 and 2018:

	2020			2019			2018
General and Limited Partner Units
General and Limited Partner Units outstanding at January 1,		385,402,199			383,309,196			381,786,520
Issued to General Partner:
Exercise of EQR share options		239,695			1,745,050			1,056,388
EQR’s Employee Share Purchase Plan (ESPP)		90,196			48,131			75,414
EQR’s restricted share grants, net		178,720			158,602			123,800
Issued to Limited Partners:
Restricted unit grants, net		249,263			141,220			267,074
General and Limited Partner Units outstanding at December 31,		386,160,073			385,402,199			383,309,196
Limited Partner Units
Limited Partner Units outstanding at January 1,		13,731,315			13,904,035			13,768,438
Limited Partner restricted unit grants, net		249,263			141,220			267,074
Conversion of Limited Partner OP Units to EQR Common Shares		(122,505	)		(313,940	)		(131,477	)
Limited Partner Units outstanding at December 31,		13,858,073			13,731,315			13,904,035
Limited Partner Units Ownership Interest in Operating Partnership		3.6	%		3.6	%		3.6	%