2023 Q4 Form 10-Q Financial Statement

#000095017023058214 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $727.5M $724.1M
YoY Change 3.97% 4.17%
Cost Of Revenue $252.1M $260.1M
YoY Change 8.97% 3.99%
Gross Profit $475.4M $464.0M
YoY Change 1.5% 4.27%
Gross Profit Margin 65.34% 64.08%
Selling, General & Admin $11.58M $14.09M
YoY Change -0.82% 5.4%
% of Gross Profit 2.44% 3.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $226.8M $224.7M
YoY Change 5.84% 4.95%
% of Gross Profit 47.71% 48.44%
Operating Expenses $238.4M $231.9M
YoY Change 5.5% 1.95%
Operating Profit $237.0M $252.0M
YoY Change -2.22% -39.12%
Interest Expense -$59.54M -$64.29M
YoY Change -15.88% -13.02%
% of Operating Profit -25.12% -25.51%
Other Income/Expense, Net -$8.902M -$4.958M
YoY Change 99.02% 32.04%
Pretax Income $324.1M $182.8M
YoY Change 93.92% -45.66%
Income Tax $256.0K $258.0K
% Of Pretax Income 0.08% 0.14%
Net Earnings $310.9M $172.5M
YoY Change 96.48% -46.6%
Net Earnings / Revenue 42.74% 23.82%
Basic Earnings Per Share $0.45
Diluted Earnings Per Share $0.80 $0.45
COMMON SHARES
Basic Shares Outstanding 379.7M 379.0M
Diluted Shares Outstanding 391.4M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.74M $39.25M
YoY Change -5.8% -12.36%
Cash & Equivalents $50.74M $39.25M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $50.74M $39.25M
YoY Change -5.8% -12.36%
LONG-TERM ASSETS
Property, Plant & Equipment $19.36B $19.46B
YoY Change -0.84% -0.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $282.0M $313.2M
YoY Change 1.08% 22.21%
Other Assets $89.25M $87.48M
YoY Change 7.14% 14.08%
Total Long-Term Assets $19.98B $20.07B
YoY Change -0.9% -0.75%
TOTAL ASSETS
Total Short-Term Assets $50.74M $39.25M
Total Long-Term Assets $19.98B $20.07B
Total Assets $20.03B $20.11B
YoY Change -0.91% -0.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $104.4M $165.0M
YoY Change 8.75% -6.18%
Accrued Expenses $377.4M $360.3M
YoY Change 0.61% 0.31%
Deferred Revenue
YoY Change
Short-Term Debt $409.1M $497.6M
YoY Change 214.83% 162.53%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $810.2M $1.352B
YoY Change -11.42% 30.44%
LONG-TERM LIABILITIES
Long-Term Debt $7.390B $6.982B
YoY Change 1.3% -4.47%
Other Long-Term Liabilities $255.5M $231.7M
YoY Change -16.75% -19.55%
Total Long-Term Liabilities $7.646B $7.213B
YoY Change 0.57% -5.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $810.2M $1.352B
Total Long-Term Liabilities $7.646B $7.213B
Total Liabilities $8.949B $8.565B
YoY Change 5.07% -0.79%
SHAREHOLDERS EQUITY
Retained Earnings $1.437B $1.427B
YoY Change -13.36% -17.87%
Common Stock $3.793M $3.797M
YoY Change 0.24% 0.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.09B $11.06B
YoY Change
Total Liabilities & Shareholders Equity $20.03B $20.11B
YoY Change -0.91% -0.77%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $310.9M $172.5M
YoY Change 96.48% -46.6%
Depreciation, Depletion And Amortization $226.8M $224.7M
YoY Change 5.84% 4.95%
Cash From Operating Activities $344.3M $442.5M
YoY Change 2.91% 3.07%
INVESTING ACTIVITIES
Capital Expenditures $108.0M $246.1M
YoY Change -0.61% -386.01%
Acquisitions
YoY Change
Other Investing Activities $166.8M $49.04M
YoY Change -720.44% -86.91%
Cash From Investing Activities $58.85M -$197.1M
YoY Change -143.42% -168.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -389.9M -243.4M
YoY Change 112.71% -65.97%
NET CHANGE
Cash From Operating Activities 344.3M 442.5M
Cash From Investing Activities 58.85M -197.1M
Cash From Financing Activities -389.9M -243.4M
Net Change In Cash 13.27M 2.085M
YoY Change -15.52% -25.96%
FREE CASH FLOW
Cash From Operating Activities $344.3M $442.5M
Capital Expenditures $108.0M $246.1M
Free Cash Flow $236.3M $196.4M
YoY Change 4.61% -61.89%

Facts In Submission

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773000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
521428000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
615573000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
171735000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
322252000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.64
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378614000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
375710000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378853000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
375850000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.63
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
391135000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
389394000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
391351000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
389300000
us-gaap Profit Loss
ProfitLoss
546219000
us-gaap Profit Loss
ProfitLoss
641641000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
181286000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
335165000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
4514000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
23413000
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
460000
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
24672000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-3132000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-9987000
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-931000
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-5106000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7646000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
33400000
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1391000
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
29778000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
553865000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
675041000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
182677000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
364943000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
22712000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
24853000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
8822000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
13123000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
531153000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
650188000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
173855000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
351820000
us-gaap Profit Loss
ProfitLoss
546219000
us-gaap Profit Loss
ProfitLoss
641641000
us-gaap Depreciation
Depreciation
661921000
us-gaap Depreciation
Depreciation
667896000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
7023000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6421000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2815000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
4123000
us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
9978000
eqr Operating And Finance Lease Right Of Use Asset Amortization
OperatingAndFinanceLeaseRightOfUseAssetAmortization
9572000
eqr Operating And Finance Lease Right Of Use Asset Amortization
OperatingAndFinanceLeaseRightOfUseAssetAmortization
9123000
us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
2739000
us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
3296000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3847000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3456000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
436000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
251000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
127034000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
304346000
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
1511000
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
2061000
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
4461000
us-gaap Share Based Compensation
ShareBasedCompensation
26948000
us-gaap Share Based Compensation
ShareBasedCompensation
24559000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-11887000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-20734000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
71334000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
76274000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-18791000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-19858000
eqr Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-1077000
eqr Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-1166000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-7024000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-23199000
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
558000
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
3106000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1188524000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1120228000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
324497000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
113046000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
60179000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
81889000
eqr Payments For Capital Expenditures To Real Estate
PaymentsForCapitalExpendituresToRealEstate
229763000
eqr Payments For Capital Expenditures To Real Estate
PaymentsForCapitalExpendituresToRealEstate
141707000
eqr Non Real Estate Capital Additions
NonRealEstateCapitalAdditions
1457000
eqr Non Real Estate Capital Additions
NonRealEstateCapitalAdditions
2232000
eqr Payments Of Interest Capitalized For Real Estate And Unconsolidated Entities Under Development
PaymentsOfInterestCapitalizedForRealEstateAndUnconsolidatedEntitiesUnderDevelopment
9579000
eqr Payments Of Interest Capitalized For Real Estate And Unconsolidated Entities Under Development
PaymentsOfInterestCapitalizedForRealEstateAndUnconsolidatedEntitiesUnderDevelopment
4181000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
191718000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
720302000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
989000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
49330000
eqr Payments To Acquire Equity Method Investments Development And Other
PaymentsToAcquireEquityMethodInvestmentsDevelopmentAndOther
34076000
eqr Payments To Acquire Equity Method Investments Development And Other
PaymentsToAcquireEquityMethodInvestmentsDevelopmentAndOther
87129000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
15000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
9000
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
2500000
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
1045000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
2952000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
3584000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-468355000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
243336000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4106000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
373000
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
572896000
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
37429000
eqr Mortgage Notes Payable Lump Sum Pay Offs
MortgageNotesPayableLumpSumPayOffs
932598000
eqr Mortgage Notes Payable Lump Sum Pay Offs
MortgageNotesPayableLumpSumPayOffs
260874000
eqr Repayments Of Mortgage Notes Payable
RepaymentsOfMortgageNotesPayable
554000
eqr Repayments Of Mortgage Notes Payable
RepaymentsOfMortgageNotesPayable
3186000
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
500000000
us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
4393568000
us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
5140685000
us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
4025887000
us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
5266158000
us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
-25169000
eqr Finance Ground Lease Principal Payments
FinanceGroundLeasePrincipalPayments
1995000
eqr Finance Ground Lease Principal Payments
FinanceGroundLeasePrincipalPayments
1845000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
2591000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
3280000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11474000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
21021000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
739000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-37000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-31000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3737000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
32178000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
9000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
603000
us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
1000
us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
1000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
738584000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
696679000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2319000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2318000
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
22969000
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
22735000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3536000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
18236000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-730614000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1602333000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-10445000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-238769000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
137172000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
360236000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
126727000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
121467000
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
39250000
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
44788000
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
87477000
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
76679000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
126727000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
121467000
us-gaap Interest Paid Net
InterestPaidNet
206080000
us-gaap Interest Paid Net
InterestPaidNet
221218000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1035000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
728000
eqr Real Estate Acquisitions Dispositions Other Mortgage Loans Assumed
RealEstateAcquisitionsDispositionsOtherMortgageLoansAssumed
42256000
eqr Amortization Of Deferred Financing Costs Investment In Real Estate Net
AmortizationOfDeferredFinancingCostsInvestmentInRealEstateNet
211000
eqr Amortization Of Deferred Financing Costs Investment In Real Estate Net
AmortizationOfDeferredFinancingCostsInvestmentInRealEstateNet
380000
eqr Amortization Of Deferred Financing Costs Other Assets
AmortizationOfDeferredFinancingCostsOtherAssets
2089000
eqr Amortization Of Deferred Financing Costs Other Assets
AmortizationOfDeferredFinancingCostsOtherAssets
1754000
eqr Amortization Of Deferred Financing Costs Mortgage Notes Payable Net
AmortizationOfDeferredFinancingCostsMortgageNotesPayableNet
2265000
eqr Amortization Of Deferred Financing Costs Mortgage Notes Payable Net
AmortizationOfDeferredFinancingCostsMortgageNotesPayableNet
1620000
eqr Amortization Of Deferred Financing Costs Notes Net
AmortizationOfDeferredFinancingCostsNotesNet
2880000
eqr Amortization Of Deferred Financing Costs Notes Net
AmortizationOfDeferredFinancingCostsNotesNet
3427000
eqr Amortization Of Discounts And Premiums On Debt Mortgage Notes Payable
AmortizationOfDiscountsAndPremiumsOnDebtMortgageNotesPayable
1129000
eqr Amortization Of Discounts And Premiums On Debt Mortgage Notes Payable
AmortizationOfDiscountsAndPremiumsOnDebtMortgageNotesPayable
1865000
eqr Amortization Of Discounts And Premiums On Debt Notes Net
AmortizationOfDiscountsAndPremiumsOnDebtNotesNet
1686000
eqr Amortization Of Discounts And Premiums On Debt Notes Net
AmortizationOfDiscountsAndPremiumsOnDebtNotesNet
2258000
eqr Amortization Of Deferred Settlements On Derivative Instruments Other Liabilities
AmortizationOfDeferredSettlementsOnDerivativeInstrumentsOtherLiabilities
9000
eqr Amortization Of Deferred Settlements On Derivative Instruments Other Liabilities
AmortizationOfDeferredSettlementsOnDerivativeInstrumentsOtherLiabilities
9000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-3132000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-9987000
eqr Write Off Pursuit Costs Investment In Real Estate
WriteOffPursuitCostsInvestmentInRealEstate
421000
eqr Write Off Pursuit Costs Investment In Real Estate
WriteOffPursuitCostsInvestmentInRealEstate
948000
eqr Write Off Of Pursuit Costs Investments In Unconsolidated Entities
WriteOffOfPursuitCostsInvestmentsInUnconsolidatedEntities
1667000
eqr Write Off Of Pursuit Costs Investments In Unconsolidated Entities
WriteOffOfPursuitCostsInvestmentsInUnconsolidatedEntities
2197000
eqr Write Off Of Pursuit Costs Other Assets
WriteOffOfPursuitCostsOtherAssets
651000
eqr Write Off Of Pursuit Costs Other Assets
WriteOffOfPursuitCostsOtherAssets
151000
eqr Income Loss From Equity Method Investments Merger
IncomeLossFromEquityMethodInvestmentsMerger
2909000
eqr Income Loss From Equity Method Investments Merger
IncomeLossFromEquityMethodInvestmentsMerger
2517000
eqr Other Liabilities Loss From Investments In Unconsolidated Entities Merger
OtherLiabilitiesLossFromInvestmentsInUnconsolidatedEntitiesMerger
938000
eqr Other Liabilities Loss From Investments In Unconsolidated Entities Merger
OtherLiabilitiesLossFromInvestmentsInUnconsolidatedEntitiesMerger
939000
eqr Unrealized Gain Loss On Derivative Instruments Other Assets
UnrealizedGainLossOnDerivativeInstrumentsOtherAssets
-3749000
eqr Unrealized Gain Loss On Derivative Instruments Other Assets
UnrealizedGainLossOnDerivativeInstrumentsOtherAssets
-23413000
eqr Unrealized Gain Loss On Derivative Instruments Other Liabilities
UnrealizedGainLossOnDerivativeInstrumentsOtherLiabilities
-765000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
4514000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
23413000
eqr Investment In Real Estate Net Under Development
InvestmentInRealEstateNetUnderDevelopment
3468000
eqr Investment In Real Estate Net Under Development
InvestmentInRealEstateNetUnderDevelopment
1312000
eqr Investments In Unconsolidated Entities Under Development
InvestmentsInUnconsolidatedEntitiesUnderDevelopment
6111000
eqr Investments In Unconsolidated Entities Under Development
InvestmentsInUnconsolidatedEntitiesUnderDevelopment
2869000
eqr Investments In Unconsolidated Entities
InvestmentsInUnconsolidatedEntities
32667000
eqr Investments In Unconsolidated Entities
InvestmentsInUnconsolidatedEntities
85839000
eqr Investments In Unconsolidated Entities Other Liabilities
InvestmentsInUnconsolidatedEntitiesOtherLiabilities
1409000
eqr Investments In Unconsolidated Entities Other Liabilities
InvestmentsInUnconsolidatedEntitiesOtherLiabilities
1290000
eqr Debt Financing Costs Other Assets
DebtFinancingCostsOtherAssets
45000
eqr Debt Financing Costs Mortgage Notes Payable Net
DebtFinancingCostsMortgageNotesPayableNet
4106000
eqr Debt Financing Costs Mortgage Notes Payable Net
DebtFinancingCostsMortgageNotesPayableNet
228000
eqr Debt Financing Costs Notes Net
DebtFinancingCostsNotesNet
-100000
eqr Proceeds From Payments On Settlement Of Derivative Instruments Other Assets
ProceedsFromPaymentsOnSettlementOfDerivativeInstrumentsOtherAssets
25613000
eqr Proceeds From Payments On Settlement Of Derivative Instruments Other Liabilities
ProceedsFromPaymentsOnSettlementOfDerivativeInstrumentsOtherLiabilities
-444000
eqr Initial Measurement And Reclassifications Right Of Use Assets
InitialMeasurementAndReclassificationsRightOfUseAssets
7105000
eqr Initial Measurement And Reclassifications Right Of Use Assets
InitialMeasurementAndReclassificationsRightOfUseAssets
224000
eqr Initial Measurement And Reclassifications Lease Liabilities
InitialMeasurementAndReclassificationsLeaseLiabilities
7105000
eqr Initial Measurement And Reclassifications Lease Liabilities
InitialMeasurementAndReclassificationsLeaseLiabilities
224000
eqr Non Cash Share Distribution From Unconsolidated Entities Investments In Unconsolidated Entities
NonCashShareDistributionFromUnconsolidatedEntitiesInvestmentsInUnconsolidatedEntities
539000
eqr Non Cash Share Distribution From Unconsolidated Entities Investments In Unconsolidated Entities
NonCashShareDistributionFromUnconsolidatedEntitiesInvestmentsInUnconsolidatedEntities
4201000
eqr Non Cash Share Distribution From Unconsolidated Entities Changes In Other Assets
NonCashShareDistributionFromUnconsolidatedEntitiesChangesInOtherAssets
-539000
eqr Non Cash Share Distribution From Unconsolidated Entities Changes In Other Assets
NonCashShareDistributionFromUnconsolidatedEntitiesChangesInOtherAssets
-4201000
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
305
CY2023Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
10
CY2023Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
80683
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
305
CY2023Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
80683
eqr Allocation Of Net Income Loss To Noncontrolling Interests Partially Owned Properties
AllocationOfNetIncomeLossToNoncontrollingInterestsPartiallyOwnedProperties
2726000
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
378429708
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
375527195
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
862596
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
37661
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
234395
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
381384
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
48835
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
49662
eqr Restricted Share Grants Net
RestrictedShareGrantsNet
148304
eqr Restricted Share Grants Net
RestrictedShareGrantsNet
173351
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
379723838
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
376169253
CY2022Q4 eqr Units Outstanding
UnitsOutstanding
12429737
CY2021Q4 eqr Units Outstanding
UnitsOutstanding
12659027
eqr Issuance Of Ltips
IssuanceOfLtips
166344
eqr Issuance Of Ltips
IssuanceOfLtips
223242
eqr Shares Issued During Period Shares Conversion Of Units To Common Shares
SharesIssuedDuringPeriodSharesConversionOfUnitsToCommonShares
862596
eqr Shares Issued During Period Shares Conversion Of Units To Common Shares
SharesIssuedDuringPeriodSharesConversionOfUnitsToCommonShares
37661
CY2023Q3 eqr Units Outstanding
UnitsOutstanding
11733485
CY2022Q3 eqr Units Outstanding
UnitsOutstanding
12844608
CY2023Q3 eqr Common Shares And Units Outstanding
CommonSharesAndUnitsOutstanding
391457323
CY2022Q3 eqr Common Shares And Units Outstanding
CommonSharesAndUnitsOutstanding
389013861
CY2023Q3 eqr Units Ownership Interest In Operating Partnership
UnitsOwnershipInterestInOperatingPartnership
0.03
CY2022Q3 eqr Units Ownership Interest In Operating Partnership
UnitsOwnershipInterestInOperatingPartnership
0.033
CY2023Q3 eqr Redeemable Noncontrolling Interests Operating Partnership
RedeemableNoncontrollingInterestsOperatingPartnership
277800000
CY2022Q3 eqr Redeemable Noncontrolling Interests Operating Partnership
RedeemableNoncontrollingInterestsOperatingPartnership
370500000
CY2022Q4 eqr Redeemable Limited Partners
RedeemableLimitedPartners
318273000
CY2022Q4 eqr Redeemable Noncontrolling Interests Operating Partnership
RedeemableNoncontrollingInterestsOperatingPartnership
318273000
CY2021Q4 eqr Redeemable Limited Partners
RedeemableLimitedPartners
498977000
CY2021Q4 eqr Redeemable Noncontrolling Interests Operating Partnership
RedeemableNoncontrollingInterestsOperatingPartnership
498977000
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-18613000
eqr Limited Partners Change In Redemption Value
LimitedPartnersChangeInRedemptionValue
-18613000
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-127570000
eqr Limited Partners Change In Redemption Value
LimitedPartnersChangeInRedemptionValue
-127570000
eqr Minority Interest Change In Carrying Value
MinorityInterestChangeInCarryingValue
-21878000
eqr Limited Partners Change In Carrying Value
LimitedPartnersChangeInCarryingValue
-21878000
eqr Minority Interest Change In Carrying Value
MinorityInterestChangeInCarryingValue
-870000
eqr Limited Partners Change In Carrying Value
LimitedPartnersChangeInCarryingValue
-870000
CY2023Q3 eqr Redeemable Noncontrolling Interests Operating Partnership
RedeemableNoncontrollingInterestsOperatingPartnership
277782000
CY2023Q3 eqr Redeemable Limited Partners
RedeemableLimitedPartners
277782000
CY2022Q3 eqr Redeemable Noncontrolling Interests Operating Partnership
RedeemableNoncontrollingInterestsOperatingPartnership
370537000
CY2022Q3 eqr Redeemable Limited Partners
RedeemableLimitedPartners
370537000
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2023Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
13000000
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0
CY2023Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
13000000.0
CY2023Q3 us-gaap Land
Land
5593425000
CY2022Q4 us-gaap Land
Land
5580878000
CY2023Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
19825567000
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
19471503000
CY2023Q3 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
2565554000
CY2022Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
2352050000
CY2023Q3 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
520343000
CY2022Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
510816000
CY2023Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
28628833000
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
28088754000
CY2023Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
9634013000
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
9027850000
CY2023Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
18994820000
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
19060904000
eqr Properties Acquired
PropertiesAcquired
4
eqr Property Units Acquired
PropertyUnitsAcquired
1183
CY2023Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
366334000
CY2023Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
41142000
CY2023Q3 eqr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Depreciable Property
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDepreciableProperty
325611000
eqr Disposed Properties
DisposedProperties
8
eqr Disposed Units
DisposedUnits
413
eqr Proceeds From Sale Of Property
ProceedsFromSaleOfProperty
195400000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
127034000
eqr Payments To Acquired Interest In Consolidated Operating Property
PaymentsToAcquiredInterestInConsolidatedOperatingProperty
4600000
CY2023Q3 us-gaap Equity Method Investments
EquityMethodInvestments
313225000
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
279024000
CY2023Q3 eqr Real Estate Tax And Insurance
RealEstateTaxAndInsurance
942000
CY2023Q3 us-gaap Replacement Reserve Escrow
ReplacementReserveEscrow
15037000
CY2022Q4 us-gaap Replacement Reserve Escrow
ReplacementReserveEscrow
12549000
CY2023Q3 us-gaap Debt Instrument Cumulative Sinking Fund Payments
DebtInstrumentCumulativeSinkingFundPayments
30234000
CY2022Q4 us-gaap Debt Instrument Cumulative Sinking Fund Payments
DebtInstrumentCumulativeSinkingFundPayments
25304000
CY2023Q3 eqr Escrow Deposits For Mortgage And Replacement Reserves
EscrowDepositsForMortgageAndReplacementReserves
46213000
CY2022Q4 eqr Escrow Deposits For Mortgage And Replacement Reserves
EscrowDepositsForMortgageAndReplacementReserves
37853000
CY2023Q3 eqr Earnest Money On Pending Acquisitions
EarnestMoneyOnPendingAcquisitions
25000
CY2022Q4 eqr Earnest Money On Pending Acquisitions
EarnestMoneyOnPendingAcquisitions
4500000
CY2023Q3 eqr Restricted Deposits On Real Estate Investments
RestrictedDepositsOnRealEstateInvestments
182000
CY2022Q4 eqr Restricted Deposits On Real Estate Investments
RestrictedDepositsOnRealEstateInvestments
229000
CY2023Q3 eqr Resident Security And Utility Deposits
ResidentSecurityAndUtilityDeposits
39821000
CY2022Q4 eqr Resident Security And Utility Deposits
ResidentSecurityAndUtilityDeposits
38432000
CY2023Q3 eqr Other Restricted Cash
OtherRestrictedCash
1236000
CY2022Q4 eqr Other Restricted Cash
OtherRestrictedCash
2289000
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
41264000
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
45450000
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
87477000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
83303000
eqr Operating Lease Lease Income Loss
OperatingLeaseLeaseIncomeLoss
2052647000
eqr Operating Lease Lease Income Loss
OperatingLeaseLeaseIncomeLoss
1953420000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2146464000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2035477000
CY2023Q3 eqr Operating Lease Lease Income Loss
OperatingLeaseLeaseIncomeLoss
691699000
CY2022Q3 eqr Operating Lease Lease Income Loss
OperatingLeaseLeaseIncomeLoss
666464000
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
724067000
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
695099000
CY2023Q3 eqr Write Off Of Straight Line Receivables
WriteOffOfStraightLineReceivables
1500000
eqr Operating Lease Lease Income Bad Debt Net From Resident Payments
OperatingLeaseLeaseIncomeBadDebtNetFromResidentPayments
2400000
eqr Operating Lease Lease Income Bad Debt Net From Resident Payments
OperatingLeaseLeaseIncomeBadDebtNetFromResidentPayments
32300000
CY2023Q3 eqr Operating Lease Lease Income Bad Debt Net From Resident Payments
OperatingLeaseLeaseIncomeBadDebtNetFromResidentPayments
500000
CY2022Q3 eqr Operating Lease Lease Income Bad Debt Net From Resident Payments
OperatingLeaseLeaseIncomeBadDebtNetFromResidentPayments
7300000
CY2022Q4 us-gaap Secured Debt
SecuredDebt
1953438000
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
572896000
eqr Mortgage Notes Payable Assumptions
MortgageNotesPayableAssumptions
42256000
eqr Mortgage Notes Payable Lump Sum Pay Offs
MortgageNotesPayableLumpSumPayOffs
932598000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
554000
eqr Amortization Of Discounts And Premiums On Debt Mortgage Notes Payable
AmortizationOfDiscountsAndPremiumsOnDebtMortgageNotesPayable
1129000
eqr Amortization Of Deferred Financing Costs Net Mortgage Notes Payable Net
AmortizationOfDeferredFinancingCostsNetMortgageNotesPayableNet
1841000
CY2023Q3 us-gaap Secured Debt
SecuredDebt
1634726000
CY2023Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.047
CY2023Q3 us-gaap Commercial Paper
CommercialPaper
1000000000
CY2023Q3 us-gaap Commercial Paper
CommercialPaper
1000000000.0
CY2023Q3 eqr Redeemable Noncontrolling Interests Operating Partnership
RedeemableNoncontrollingInterestsOperatingPartnership
277782000
CY2022Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
155109000
CY2022Q4 us-gaap Other Liabilities Fair Value Disclosure
OtherLiabilitiesFairValueDisclosure
134455000
CY2022Q4 eqr Redeemable Noncontrolling Interests Operating Partnership
RedeemableNoncontrollingInterestsOperatingPartnership
318273000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
4514000
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-3132000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
23413000
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-9987000
us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
-5100000
CY2022 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
2500000
CY2023Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
2300000
CY2023Q3 eqr Number Of Forward Starting Swaps Settled
NumberOfForwardStartingSwapsSettled
9
CY2023Q3 us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
2500000
CY2023Q3 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
1600000
CY2023Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
4500000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
546219000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
641641000
CY2023Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
181286000
CY2022Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
335165000
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
17174000
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
21024000
CY2023Q3 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
5561000
CY2022Q3 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
10997000
eqr Allocation Of Net Income Loss To Noncontrolling Interests Partially Owned Properties
AllocationOfNetIncomeLossToNoncontrollingInterestsPartiallyOwnedProperties
5299000
CY2023Q3 eqr Allocation Of Net Income Loss To Noncontrolling Interests Partially Owned Properties
AllocationOfNetIncomeLossToNoncontrollingInterestsPartiallyOwnedProperties
3217000
CY2022Q3 eqr Allocation Of Net Income Loss To Noncontrolling Interests Partially Owned Properties
AllocationOfNetIncomeLossToNoncontrollingInterestsPartiallyOwnedProperties
1143000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
2318000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
2318000
CY2023Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
773000
CY2022Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
773000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
521428000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
615573000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
171735000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
322252000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
546219000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
641641000
CY2023Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
181286000
CY2022Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
335165000
eqr Allocation Of Net Income Loss To Noncontrolling Interests Partially Owned Properties
AllocationOfNetIncomeLossToNoncontrollingInterestsPartiallyOwnedProperties
5299000
eqr Allocation Of Net Income Loss To Noncontrolling Interests Partially Owned Properties
AllocationOfNetIncomeLossToNoncontrollingInterestsPartiallyOwnedProperties
2726000
CY2023Q3 eqr Allocation Of Net Income Loss To Noncontrolling Interests Partially Owned Properties
AllocationOfNetIncomeLossToNoncontrollingInterestsPartiallyOwnedProperties
3217000
CY2022Q3 eqr Allocation Of Net Income Loss To Noncontrolling Interests Partially Owned Properties
AllocationOfNetIncomeLossToNoncontrollingInterestsPartiallyOwnedProperties
1143000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
2318000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
2318000
CY2023Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
773000
CY2022Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
773000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
538602000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
636597000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
177296000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
333249000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378614000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
375710000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378853000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
375850000
eqr Dilutive Op Units
DilutiveOpUnits
11377000
eqr Dilutive Op Units
DilutiveOpUnits
11893000
CY2023Q3 eqr Dilutive Op Units
DilutiveOpUnits
11234000
CY2022Q3 eqr Dilutive Op Units
DilutiveOpUnits
11895000
eqr Dilutive Securities Options
DilutiveSecuritiesOptions
1144000
eqr Dilutive Securities Options
DilutiveSecuritiesOptions
1785000
CY2023Q3 eqr Dilutive Securities Options
DilutiveSecuritiesOptions
1264000
CY2022Q3 eqr Dilutive Securities Options
DilutiveSecuritiesOptions
1555000
eqr At The Market Forward Sales
AtTheMarketForwardSales
6000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
391135000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
389394000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
391351000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
389300000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.64
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.63
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2023Q3 eqr Total Project Costs Remaining
TotalProjectCostsRemaining
277600000
eqr Number Of Real Estate Investment Funds
NumberOfRealEstateInvestmentFunds
10
CY2023Q3 us-gaap Real Estate Investments
RealEstateInvestments
37900000
CY2023Q3 eqr Real Estate Technology And Other Real Estate Investments Commitment Funds
RealEstateTechnologyAndOtherRealEstateInvestmentsCommitmentFunds
20100000
eqr Number Of Customers
NumberOfCustomers
0
CY2023Q3 eqr Number Of Customers
NumberOfCustomers
0
eqr Number Of Customers
NumberOfCustomers
0
CY2022Q3 eqr Number Of Customers
NumberOfCustomers
0
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2146464000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2035477000
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
724067000
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
695099000
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
391437000
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
365277000
CY2023Q3 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
129087000
CY2022Q3 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
124048000
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
312607000
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
302899000
CY2023Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
102858000
CY2022Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
100361000
us-gaap Operating Expenses
OperatingExpenses
704044000
us-gaap Operating Expenses
OperatingExpenses
668176000
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
231945000
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
224409000
eqr Net Operating Income Loss From Rental Real Estate
NetOperatingIncomeLossFromRentalRealEstate
1442420000
eqr Net Operating Income Loss From Rental Real Estate
NetOperatingIncomeLossFromRentalRealEstate
1367301000
CY2023Q3 eqr Net Operating Income Loss From Rental Real Estate
NetOperatingIncomeLossFromRentalRealEstate
492122000
CY2022Q3 eqr Net Operating Income Loss From Rental Real Estate
NetOperatingIncomeLossFromRentalRealEstate
470690000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2146464000
us-gaap Operating Expenses
OperatingExpenses
704044000
eqr Net Operating Income Loss From Rental Real Estate
NetOperatingIncomeLossFromRentalRealEstate
1442420000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2035477000
us-gaap Operating Expenses
OperatingExpenses
668176000
eqr Net Operating Income Loss From Rental Real Estate
NetOperatingIncomeLossFromRentalRealEstate
1367301000
eqr Number Of Units In Same Store Properties
NumberOfUnitsInSameStoreProperties
76789
eqr Number Of Units In Same Store Properties
NumberOfUnitsInSameStoreProperties
76789
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
724067000
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
231945000
CY2023Q3 eqr Net Operating Income Loss From Rental Real Estate
NetOperatingIncomeLossFromRentalRealEstate
492122000
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
695099000
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
224409000
CY2022Q3 eqr Net Operating Income Loss From Rental Real Estate
NetOperatingIncomeLossFromRentalRealEstate
470690000
CY2023Q3 eqr Number Of Units In Same Store Properties
NumberOfUnitsInSameStoreProperties
77698
CY2022Q3 eqr Number Of Units In Same Store Properties
NumberOfUnitsInSameStoreProperties
77698
CY2023Q3 us-gaap Assets
Assets
20108975000
eqr Payments To Proceeds From Acquire Other Property Plant And Equipment
PaymentsToProceedsFromAcquireOtherPropertyPlantAndEquipment
229763000
eqr Number Of Units In Same Store Properties
NumberOfUnitsInSameStoreProperties
76789

Files In Submission

Name View Source Status
eqr-20230930_cal.xml Edgar Link unprocessable
eqr-20230930_def.xml Edgar Link unprocessable
0000950170-23-058214-index-headers.html Edgar Link pending
0000950170-23-058214-index.html Edgar Link pending
0000950170-23-058214.txt Edgar Link pending
0000950170-23-058214-xbrl.zip Edgar Link pending
eqr-20230930.htm Edgar Link pending
eqr-20230930.xsd Edgar Link pending
eqr-ex31_1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
img136483916_0.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
eqr-20230930_pre.xml Edgar Link unprocessable
eqr-20230930_lab.xml Edgar Link unprocessable
eqr-20230930_htm.xml Edgar Link completed
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