Equity, Capital and Other Interests (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Class Of Stock [Line Items] |
|
| 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 six months ended June 30, 2026 and 2025:
|
|
|
|
|
|
|
|
|
|
|
2026 |
|
|
2025 |
|
Common Shares |
|
|
|
|
|
|
Common Shares outstanding at January 1, |
|
|
377,806,173 |
|
|
|
379,475,383 |
|
Common Shares Issued: |
|
|
|
|
|
|
Conversion of OP Units |
|
|
112,398 |
|
|
|
224,399 |
|
Exercise of share options |
|
|
126,702 |
|
|
|
83,754 |
|
Employee Share Purchase Plan (ESPP) |
|
|
28,882 |
|
|
|
23,090 |
|
Restricted share grants, net |
|
|
278,129 |
|
|
|
173,814 |
|
Common Shares Other: |
|
|
|
|
|
|
Repurchased and retired |
|
|
(3,458,394 |
) |
|
|
— |
|
Common Shares outstanding at June 30, |
|
|
374,893,890 |
|
|
|
379,980,440 |
|
Units |
|
|
|
|
|
|
Units outstanding at January 1, |
|
|
9,325,363 |
|
|
|
11,543,773 |
|
Restricted unit grants, net |
|
|
43,711 |
|
|
|
286,898 |
|
Conversion of OP Units to Common Shares |
|
|
(112,398 |
) |
|
|
(224,399 |
) |
Units outstanding at June 30, |
|
|
9,256,676 |
|
|
|
11,606,272 |
|
Total Common Shares and Units outstanding at June 30, |
|
|
384,150,566 |
|
|
|
391,586,712 |
|
Units Ownership Interest in Operating Partnership |
|
|
2.4 |
% |
|
|
3.0 |
% |
|
| 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 six months ended June 30, 2026 and 2025, respectively (amounts in thousands):
|
|
|
|
|
|
|
|
|
|
|
2026 |
|
|
2025 |
|
Balance at January 1, |
|
$ |
176,289 |
|
|
$ |
338,563 |
|
Change in market value |
|
|
16,823 |
|
|
|
(19,568 |
) |
Change in book value |
|
|
(3,171 |
) |
|
|
(1,090 |
) |
Balance at June 30, |
|
$ |
189,941 |
|
|
$ |
317,905 |
|
|
| Issued and Outstanding Preferred Shares and Preference Units |
The following table presents the Company’s issued and outstanding Preferred Shares/Preference Units as of June 30, 2026 and December 31, 2025:
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts in thousands |
|
|
|
|
|
Annual |
|
|
|
|
|
|
|
|
|
Call |
|
Dividend Per |
|
|
June 30, |
|
|
December 31, |
|
|
|
Date (1) |
|
Share/Unit (2) |
|
|
2026 |
|
|
2025 |
|
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; 343,100 shares/units issued
and outstanding as of June 30, 2026 and December 31, 2025 |
|
12/10/2026 |
|
$ |
4.145 |
|
|
$ |
17,155 |
|
|
$ |
17,155 |
|
|
|
|
|
|
|
|
$ |
17,155 |
|
|
$ |
17,155 |
|
(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 six months ended June 30, 2026 and 2025:
|
|
|
|
|
|
|
|
|
|
|
2026 |
|
|
2025 |
|
General and Limited Partner Units |
|
|
|
|
|
|
General and Limited Partner Units outstanding at January 1, |
|
|
387,131,536 |
|
|
|
391,019,156 |
|
Issued to General Partner: |
|
|
|
|
|
|
Exercise of EQR share options |
|
|
126,702 |
|
|
|
83,754 |
|
EQR’s Employee Share Purchase Plan (ESPP) |
|
|
28,882 |
|
|
|
23,090 |
|
EQR’s restricted share grants, net |
|
|
278,129 |
|
|
|
173,814 |
|
Issued to Limited Partners: |
|
|
|
|
|
|
Restricted unit grants, net |
|
|
43,711 |
|
|
|
286,898 |
|
General Partner Other: |
|
|
|
|
|
|
OP Units repurchased and retired |
|
|
(3,458,394 |
) |
|
|
— |
|
General and Limited Partner Units outstanding at June 30, |
|
|
384,150,566 |
|
|
|
391,586,712 |
|
Limited Partner Units |
|
|
|
|
|
|
Limited Partner Units outstanding at January 1, |
|
|
9,325,363 |
|
|
|
11,543,773 |
|
Limited Partner restricted unit grants, net |
|
|
43,711 |
|
|
|
286,898 |
|
Conversion of Limited Partner OP Units to EQR Common Shares |
|
|
(112,398 |
) |
|
|
(224,399 |
) |
Limited Partner Units outstanding at June 30, |
|
|
9,256,676 |
|
|
|
11,606,272 |
|
Limited Partner Units Ownership Interest in Operating Partnership |
|
|
2.4 |
% |
|
|
3.0 |
% |
|