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Earnings Per Share and Earnings Per Unit | 3 Months Ended
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Mar. 31, 2021
Earnings Per Share [Abstract] |
Earnings Per Share And Earnings Per Unit |
1 1. | Earnings 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):
|  |  | Quarter Ended March 31, |
|  |  | 2021 |  |  | 2020 |
Numerator for net income per share – basic: |  |  |  |  |  |  |  |  |
Net income |  |  | $ | 60,364 |  |  | $ | 332,671 |
Allocation to Noncontrolling Interests – Operating Partnership |  |  |  | (2,143 | ) |  |  | (11,535 | )
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties |  |  |  | (682 | ) |  |  | (12,530 | )
Preferred distributions |  |  |  | (773 | ) |  |  | (773 | )
Numerator for net income per share – basic |  |  | $ | 56,766 |  |  | $ | 307,833 |
Numerator for net income per share – diluted: |  |  |  |  |  |  |  |  |
Net income |  |  | $ | 60,364 |  |  | $ | 332,671 |
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties |  |  |  | (682 | ) |  |  | (12,530 | )
Preferred distributions |  |  |  | (773 | ) |  |  | (773 | )
Numerator for net income per share – diluted |  |  | $ | 58,909 |  |  | $ | 319,368 |
Denominator for net income per share – basic and diluted: |  |  |  |  |  |  |  |  |
Denominator for net income per share – basic |  |  |  | 372,280 |  |  |  | 371,582 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |
OP Units |  |  |  | 13,050 |  |  |  | 13,004 |
Long-term compensation shares/units |  |  |  | 1,586 |  |  |  | 2,363 |
Denominator for net income per share – diluted |  |  |  | 386,916 |  |  |  | 386,949 |
Net income per share – basic |  |  | $ | 0.15 |  |  | $ | 0.83 |
Net income per share – diluted |  |  | $ | 0.15 |  |  | $ | 0.83 |
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):
|  | Quarter Ended March 31, |
|  | 2021 |  |  | 2020 |
Numerator for net income per Unit – basic and diluted: |  |  |  |  |  |  |  |
Net income |  | $ | 60,364 |  |  | $ | 332,671 |
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties |  |  | (682 | ) |  |  | (12,530 | )
Allocation to Preference Units |  |  | (773 | ) |  |  | (773 | )
Numerator for net income per Unit – basic and diluted |  | $ | 58,909 |  |  | $ | 319,368 |
Denominator for net income per Unit – basic and diluted: |  |  |  |  |  |  |  |
Denominator for net income per Unit – basic |  |  | 385,330 |  |  |  | 384,586 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Dilution for Units issuable upon assumed exercise/vesting of the Company’s long-term compensation shares/units |  |  | 1,586 |  |  |  | 2,363 |
Denominator for net income per Unit – diluted |  |  | 386,916 |  |  |  | 386,949 |
Net income per Unit – basic |  | $ | 0.15 |  |  | $ | 0.83 |
Net income per Unit – diluted |  | $ | 0.15 |  |  | $ | 0.83 |

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