| Earnings Per Share And Earnings Per Unit |
10.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):
|
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|
|
|
|
|
|
|
|
|
|
|
|
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|
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Six Months Ended June 30, |
|
|
Quarter Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Numerator for net income per share – basic: |
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|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
210,841 |
|
|
$ |
463,583 |
|
|
$ |
117,740 |
|
|
$ |
198,785 |
|
Allocation to Noncontrolling Interests – Operating Partnership |
|
|
(4,454 |
) |
|
|
(12,328 |
) |
|
|
(2,501 |
) |
|
|
(5,226 |
) |
Net (income) loss attributable to Noncontrolling
Interests – Partially Owned Properties |
|
|
(2,173 |
) |
|
|
(2,307 |
) |
|
|
(1,104 |
) |
|
|
(1,203 |
) |
Preferred distributions |
|
|
(711 |
) |
|
|
(711 |
) |
|
|
(355 |
) |
|
|
(355 |
) |
Numerator for net income per share – basic |
|
$ |
203,503 |
|
|
$ |
448,237 |
|
|
$ |
113,780 |
|
|
$ |
192,001 |
|
Numerator for net income per share – diluted: |
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|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
210,841 |
|
|
$ |
463,583 |
|
|
$ |
117,740 |
|
|
$ |
198,785 |
|
Net (income) loss attributable to Noncontrolling
Interests – Partially Owned Properties |
|
|
(2,173 |
) |
|
|
(2,307 |
) |
|
|
(1,104 |
) |
|
|
(1,203 |
) |
Preferred distributions |
|
|
(711 |
) |
|
|
(711 |
) |
|
|
(355 |
) |
|
|
(355 |
) |
Numerator for net income per share – diluted |
|
$ |
207,957 |
|
|
$ |
460,565 |
|
|
$ |
116,281 |
|
|
$ |
197,227 |
|
Denominator for net income per share – basic and diluted: |
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|
|
|
|
|
Denominator for net income per share – basic |
|
|
374,907 |
|
|
|
379,359 |
|
|
|
374,179 |
|
|
|
379,508 |
|
Effect of dilutive securities: |
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|
|
|
|
|
|
|
|
|
|
OP Units |
|
|
8,202 |
|
|
|
10,420 |
|
|
|
8,227 |
|
|
|
10,329 |
|
Long-term compensation shares/units |
|
|
1,419 |
|
|
|
1,566 |
|
|
|
1,472 |
|
|
|
1,661 |
|
Denominator for net income per share – diluted |
|
|
384,528 |
|
|
|
391,345 |
|
|
|
383,878 |
|
|
|
391,498 |
|
Net income per share – basic |
|
$ |
0.54 |
|
|
$ |
1.18 |
|
|
$ |
0.30 |
|
|
$ |
0.51 |
|
Net income per share – diluted |
|
$ |
0.54 |
|
|
$ |
1.18 |
|
|
$ |
0.30 |
|
|
$ |
0.50 |
|
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):
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|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
|
Quarter Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Numerator for net income per Unit – basic and diluted: |
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
210,841 |
|
|
$ |
463,583 |
|
|
$ |
117,740 |
|
|
$ |
198,785 |
|
Net (income) loss attributable to Noncontrolling
Interests – Partially Owned Properties |
|
|
(2,173 |
) |
|
|
(2,307 |
) |
|
|
(1,104 |
) |
|
|
(1,203 |
) |
Allocation to Preference Units |
|
|
(711 |
) |
|
|
(711 |
) |
|
|
(355 |
) |
|
|
(355 |
) |
Numerator for net income per Unit – basic and diluted |
|
$ |
207,957 |
|
|
$ |
460,565 |
|
|
$ |
116,281 |
|
|
$ |
197,227 |
|
Denominator for net income per Unit – basic and diluted: |
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|
|
|
|
|
|
|
|
|
|
|
Denominator for net income per Unit – basic |
|
|
383,109 |
|
|
|
389,779 |
|
|
|
382,406 |
|
|
|
389,837 |
|
Effect of dilutive securities: |
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|
|
|
|
|
|
|
|
|
|
Dilution for Units issuable upon assumed exercise/vesting
of the Company’s long-term compensation shares/units |
|
|
1,419 |
|
|
|
1,566 |
|
|
|
1,472 |
|
|
|
1,661 |
|
Denominator for net income per Unit – diluted |
|
|
384,528 |
|
|
|
391,345 |
|
|
|
383,878 |
|
|
|
391,498 |
|
Net income per Unit – basic |
|
$ |
0.54 |
|
|
$ |
1.18 |
|
|
$ |
0.30 |
|
|
$ |
0.51 |
|
Net income per Unit – diluted |
|
$ |
0.54 |
|
|
$ |
1.18 |
|
|
$ |
0.30 |
|
|
$ |
0.50 |
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|