XML 51 R35.htm IDEA: XBRL DOCUMENT
v3.22.1

Leases (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Leases [Abstract] |
Summary of Lease Income Types Relating to Lease Payments Along With the Total Other Rental Income | The following table presents the lease income types relating to lease payments for residential and non-residential leases along with the total other rental income for the quarters ended March 31, 2022 and 2021 (amounts in thousands):
|  | Quarter Ended March 31, 2022 |  |  | Quarter Ended March 31, 2021 |
Income Type |  | Residential Leases |  |  | Non-Residential Leases |  |  | Total |  |  | Residential Leases |  |  | Non-Residential Leases |  |  | Total |
Residential and non-residential rent |  | $ | 586,890 |  |  | $ | 15,874 |  |  | $ | 602,764 |  |  | $ | 539,655 |  |  | $ | 15,839 |  |  | $ | 555,494 |
Utility recoveries (RUBS income) (1) |  |  | 19,598 |  |  |  | 181 |  |  |  | 19,779 |  |  |  | 17,954 |  |  |  | 178 |  |  |  | 18,132 |
Parking rent |  |  | 10,783 |  |  |  | 98 |  |  |  | 10,881 |  |  |  | 9,734 |  |  |  | 267 |  |  |  | 10,001 |
Other lease revenue (2) |  |  | (6,301 | ) |  |  | (43 | ) |  |  | (6,344 | ) |  |  | (10,262 | ) |  |  | 609 |  |  |  | (9,653 | )
Total lease revenue |  | $ | 610,970 |  |  | $ | 16,110 |  |  |  | 627,080 |  |  | $ | 557,081 |  |  | $ | 16,893 |  |  |  | 573,974 |
Parking revenue |  |  |  |  |  |  |  |  |  |  | 8,808 |  |  |  |  |  |  |  |  |  |  |  | 5,433 |
Other revenue |  |  |  |  |  |  |  |  |  |  | 17,460 |  |  |  |  |  |  |  |  |  |  |  | 18,195 |
Total other rental income (3) |  |  |  |  |  |  |  |  |  |  | 26,268 |  |  |  |  |  |  |  |  |  |  |  | 23,628 |
Rental income |  |  |  |  |  |  |  |  |  | $ | 653,348 |  |  |  |  |  |  |  |  |  |  | $ | 597,602 |
(1) | RUBS income primarily consists of variable payments representing the recovery of utility costs from residents.
(2) | Other lease revenue consists of the revenue adjustment related to bad debt and other miscellaneous lease revenue.
(3) | Other rental income is accounted for under the revenue recognition standard.
Summary of Residential and Non-Residential Accounts Receivable and Straight-Line Receivable Balances | The following table presents residential and non-residential accounts receivable and straight-line receivable balances for the Company’s properties as of March 31, 2022 and December 31, 2021 (amounts in thousands):
|  | Residential |  |  | Non-Residential |
Balance Sheet (Other assets): |  | March 31, 2022 |  |  | December 31, 2021 |  |  | March 31, 2022 |  |  | December 31, 2021 |
Resident/tenant accounts receivable balances |  | $ | 43,267 |  |  | $ | 37,959 |  |  | $ | 3,639 |  |  | $ | 3,218 |
Allowance for doubtful accounts |  |  | (38,774 | ) |  |  | (33,121 | ) |  |  | (2,379 | ) |  |  | (2,365 | )
Net receivable balances |  | $ | 4,493 |  | (1) | $ | 4,838 |  |  | $ | 1,260 |  |  | $ | 853 |
Straight-line receivable balances |  | $ | 5,542 |  |  | $ | 7,460 |  |  | $ | 13,301 |  |  | $ | 13,021 |
(1) | The Company held residential security deposits approximating 56.5% of the net receivable balance at March 31, 2022.
Summary of Residential Bad Debt for Company's Properties | The following table presents residential bad debt for the Company’s properties for the quarters ended March 31, 2022 and 2021 (amounts in thousands):
|  | Quarter Ended March 31, |
Income Statement (Rental income): |  |  | 2022 |  |  |  | 2021 |
Bad debt, net (1) |  | $ | 9,895 |  |  | $ | 13,693 |
% of rental income |  |  | 1.6 | % |  |  | 2.4 | %
(1) | Bad debt, net benefited from additional resident payments due to governmental rental assistance programs of approximately $9.8 million for the quarter ended March 31, 2022.

X
- Definition Summary of residential and non-residential accounts receivable and straight-line receivable balances. + References No definition available. + Details
Name: | eqr_SummaryOfResidentialAndNonResidentialAccountsReceivableAndStraightLineReceivableBalancesTableTextBlock
Namespace Prefix: | eqr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of residential bad debt for company's properties. + References No definition available. + Details
Name: | eqr_SummaryOfResidentialBadDebtForCompanysPropertiesTableTextBlock
Namespace Prefix: | eqr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919372-209981 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL77927221-108306 + Details
Name: | us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration