$EQR
EQUITY RESIDENTIAL

2024 Q3 Form 10-Q Financial Statement

#000095017024089300 Filed on August 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $748.3M $734.2M
YoY Change 3.35% 2.35%
Cost Of Revenue $272.6M $265.6M
YoY Change 4.8% 2.73%
Gross Profit $475.8M $468.6M
YoY Change 2.55% 2.14%
Gross Profit Margin 63.57% 63.83%
Selling, General & Admin $14.55M $18.63M
YoY Change 3.24% -1.3%
% of Gross Profit 3.06% 3.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $237.9M $224.4M
YoY Change 5.88% 1.37%
% of Gross Profit 50.01% 47.89%
Operating Expenses $252.5M $232.1M
YoY Change 8.86% -3.4%
Operating Profit $223.3M $236.5M
YoY Change -11.42% 8.22%
Interest Expense -$58.83M -$66.42M
YoY Change -8.5% 1.44%
% of Operating Profit -26.35% -28.08%
Other Income/Expense, Net -$13.97M -$13.39M
YoY Change 181.79% 103.92%
Pretax Income $150.3M $185.6M
YoY Change -17.77% 26.73%
Income Tax $290.0K $331.0K
% Of Pretax Income 0.19% 0.18%
Net Earnings $143.1M $177.5M
YoY Change -17.05% 28.21%
Net Earnings / Revenue 19.12% 24.17%
Basic Earnings Per Share $0.38 $0.47
Diluted Earnings Per Share $0.37 $0.47
COMMON SHARES
Basic Shares Outstanding 379.1M 379.0M
Diluted Shares Outstanding 391.0M 390.5M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.61M $38.30M
YoY Change -27.11% 7.27%
Cash & Equivalents $28.61M $38.30M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $28.61M $38.30M
YoY Change -27.11% 7.27%
LONG-TERM ASSETS
Property, Plant & Equipment $20.18B $19.08B
YoY Change 3.74% -0.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $359.8M $341.9M
YoY Change 14.87% 12.2%
Other Assets $97.95M $100.1M
YoY Change 11.97% 12.57%
Total Long-Term Assets $20.90B $19.74B
YoY Change 4.12% -1.83%
TOTAL ASSETS
Total Short-Term Assets $28.61M $38.30M
Total Long-Term Assets $20.90B $19.74B
Total Assets $20.93B $19.78B
YoY Change 4.06% -1.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $165.8M $114.4M
YoY Change 0.49% -3.3%
Accrued Expenses $356.8M $374.8M
YoY Change -0.98% -1.4%
Deferred Revenue
YoY Change
Short-Term Debt $786.6M $170.9M
YoY Change 58.06% -7.37%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.647B $993.6M
YoY Change 21.81% -1.74%
LONG-TERM LIABILITIES
Long-Term Debt $7.579B $6.986B
YoY Change 8.56% -3.75%
Other Long-Term Liabilities $294.5M $292.4M
YoY Change 27.15% -0.62%
Total Long-Term Liabilities $7.874B $7.279B
YoY Change 9.15% -3.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.647B $993.6M
Total Long-Term Liabilities $7.874B $7.279B
Total Liabilities $10.07B $8.272B
YoY Change 17.59% -9.31%
SHAREHOLDERS EQUITY
Retained Earnings $1.245B $1.358B
YoY Change -12.73% -9.86%
Common Stock $3.794M $3.791M
YoY Change -0.08% 0.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.85B $10.98B
YoY Change
Total Liabilities & Shareholders Equity $20.93B $19.78B
YoY Change 4.06% -1.82%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $143.1M $177.5M
YoY Change -17.05% 28.21%
Depreciation, Depletion And Amortization $237.9M $224.4M
YoY Change 5.88% 1.37%
Cash From Operating Activities $401.4M $396.9M
YoY Change -9.29% 12.54%
INVESTING ACTIVITIES
Capital Expenditures $1.370B $172.6M
YoY Change 456.65% -41.89%
Acquisitions
YoY Change
Other Investing Activities $8.745M $34.24M
YoY Change -82.17% -290.23%
Cash From Investing Activities -$1.361B -$138.4M
YoY Change 590.73% -56.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 948.0M -316.7M
YoY Change -489.5% 139.68%
NET CHANGE
Cash From Operating Activities 401.4M 396.9M
Cash From Investing Activities -1.361B -138.4M
Cash From Financing Activities 948.0M -316.7M
Net Change In Cash -11.86M -58.14M
YoY Change -668.92% -38.44%
FREE CASH FLOW
Cash From Operating Activities $401.4M $396.9M
Capital Expenditures $1.370B $172.6M
Free Cash Flow -$968.6M $224.3M
YoY Change -593.1% 302.77%

Facts In Submission

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902000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1545000
CY2024Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
355000
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
773000
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
1444000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
470924000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
349693000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
177128000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
138430000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378699000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378492000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378578000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378642000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
390548000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
391063000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
390542000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
391187000
us-gaap Profit Loss
ProfitLoss
488587000
us-gaap Profit Loss
ProfitLoss
364933000
CY2024Q2 us-gaap Profit Loss
ProfitLoss
183555000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
144862000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
4054000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
13834000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1210000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-2201000
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-600000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1106000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1210000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6255000
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
600000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
14940000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
489797000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
371188000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
184155000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
159802000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
15350000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
13890000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6088000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6135000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
474447000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
357298000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
178067000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
153667000
us-gaap Profit Loss
ProfitLoss
488587000
us-gaap Profit Loss
ProfitLoss
364933000
us-gaap Depreciation
Depreciation
450093000
us-gaap Depreciation
Depreciation
437185000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3836000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3996000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2536000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1740000
us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
1204000
us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
2195000
eqr Operating And Finance Lease Right Of Use Asset Amortization
OperatingAndFinanceLeaseRightOfUseAssetAmortization
6470000
eqr Operating And Finance Lease Right Of Use Asset Amortization
OperatingAndFinanceLeaseRightOfUseAssetAmortization
6357000
us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
1369000
us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
1993000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3372000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2605000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
281000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
290000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
227994000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
100122000
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-1316000
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-87000
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
5745000
us-gaap Share Based Compensation
ShareBasedCompensation
21350000
us-gaap Share Based Compensation
ShareBasedCompensation
20845000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-30297000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
13258000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
18780000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
25424000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-131000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-72000
eqr Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-1020000
eqr Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-658000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
22697000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-8047000
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
670000
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
487000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
817968000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
745980000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
63507000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
186676000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
55253000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
46815000
eqr Payments For Capital Expenditures To Real Estate
PaymentsForCapitalExpendituresToRealEstate
153304000
eqr Payments For Capital Expenditures To Real Estate
PaymentsForCapitalExpendituresToRealEstate
135247000
eqr Non Real Estate Capital Additions
NonRealEstateCapitalAdditions
921000
eqr Non Real Estate Capital Additions
NonRealEstateCapitalAdditions
1043000
eqr Payments Of Interest Capitalized For Real Estate And Unconsolidated Entities Under Development
PaymentsOfInterestCapitalizedForRealEstateAndUnconsolidatedEntitiesUnderDevelopment
6894000
eqr Payments Of Interest Capitalized For Real Estate And Unconsolidated Entities Under Development
PaymentsOfInterestCapitalizedForRealEstateAndUnconsolidatedEntitiesUnderDevelopment
6979000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
330128000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
133916000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
31286000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
989000
eqr Payments To Acquire Equity Method Investments Development And Other
PaymentsToAcquireEquityMethodInvestmentsDevelopmentAndOther
28793000
eqr Payments To Acquire Equity Method Investments Development And Other
PaymentsToAcquireEquityMethodInvestmentsDevelopmentAndOther
25413000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
16000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
15000
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
2500000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
7457000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
452000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2357000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-271279000
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
22896000
eqr Mortgage Notes Payable Lump Sum Pay Offs
MortgageNotesPayableLumpSumPayOffs
64722000
eqr Repayments Of Mortgage Notes Payable
RepaymentsOfMortgageNotesPayable
54000
us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
3532753000
us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
2382619000
us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
3771000000
us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
2328100000
eqr Finance Ground Lease Principal Payments
FinanceGroundLeasePrincipalPayments
1438000
eqr Finance Ground Lease Principal Payments
FinanceGroundLeasePrincipalPayments
1329000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
2449000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
2124000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6480000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11358000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
38474000
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
20125000
eqr Premium On Redemption Of Preferred Shares
PremiumOnRedemptionOfPreferredShares
1444000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-45000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-31000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3737000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
458000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
9000
us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
2000
us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
1000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
507111000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
487483000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1320000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2319000
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
15629000
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
15233000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
2741000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3230000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-817185000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-487231000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1574000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-12530000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
139995000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
137172000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
138421000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
124642000
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38298000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35701000
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
100123000
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
88941000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
138421000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
124642000
us-gaap Interest Paid Net
InterestPaidNet
120955000
us-gaap Interest Paid Net
InterestPaidNet
125518000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
877000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
911000
eqr Amortization Of Deferred Financing Costs Investment In Real Estate Net
AmortizationOfDeferredFinancingCostsInvestmentInRealEstateNet
211000
eqr Amortization Of Deferred Financing Costs Other Assets
AmortizationOfDeferredFinancingCostsOtherAssets
1392000
eqr Amortization Of Deferred Financing Costs Other Assets
AmortizationOfDeferredFinancingCostsOtherAssets
1392000
eqr Amortization Of Deferred Financing Costs Mortgage Notes Payable Net
AmortizationOfDeferredFinancingCostsMortgageNotesPayableNet
524000
eqr Amortization Of Deferred Financing Costs Mortgage Notes Payable Net
AmortizationOfDeferredFinancingCostsMortgageNotesPayableNet
895000
eqr Amortization Of Deferred Financing Costs Notes Net
AmortizationOfDeferredFinancingCostsNotesNet
1920000
eqr Amortization Of Deferred Financing Costs Notes Net
AmortizationOfDeferredFinancingCostsNotesNet
1920000
eqr Amortization Of Discounts And Premiums On Debt Mortgage Notes Payable
AmortizationOfDiscountsAndPremiumsOnDebtMortgageNotesPayable
1412000
eqr Amortization Of Discounts And Premiums On Debt Mortgage Notes Payable
AmortizationOfDiscountsAndPremiumsOnDebtMortgageNotesPayable
616000
eqr Amortization Of Discounts And Premiums On Debt Notes Net
AmortizationOfDiscountsAndPremiumsOnDebtNotesNet
1124000
eqr Amortization Of Discounts And Premiums On Debt Notes Net
AmortizationOfDiscountsAndPremiumsOnDebtNotesNet
1124000
eqr Amortization Of Deferred Settlements On Derivative Instruments Other Liabilities
AmortizationOfDeferredSettlementsOnDerivativeInstrumentsOtherLiabilities
6000
eqr Amortization Of Deferred Settlements On Derivative Instruments Other Liabilities
AmortizationOfDeferredSettlementsOnDerivativeInstrumentsOtherLiabilities
6000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1210000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-2201000
eqr Write Off Pursuit Costs Investment In Real Estate
WriteOffPursuitCostsInvestmentInRealEstate
319000
eqr Write Off Pursuit Costs Investment In Real Estate
WriteOffPursuitCostsInvestmentInRealEstate
316000
eqr Write Off Of Pursuit Costs Investments In Unconsolidated Entities
WriteOffOfPursuitCostsInvestmentsInUnconsolidatedEntities
866000
eqr Write Off Of Pursuit Costs Investments In Unconsolidated Entities
WriteOffOfPursuitCostsInvestmentsInUnconsolidatedEntities
1111000
eqr Write Off Of Pursuit Costs Other Assets
WriteOffOfPursuitCostsOtherAssets
184000
eqr Write Off Of Pursuit Costs Other Assets
WriteOffOfPursuitCostsOtherAssets
566000
eqr Income Loss From Equity Method Investments Merger
IncomeLossFromEquityMethodInvestmentsMerger
2736000
eqr Income Loss From Equity Method Investments Merger
IncomeLossFromEquityMethodInvestmentsMerger
1972000
eqr Other Liabilities Loss From Investments In Unconsolidated Entities Merger
OtherLiabilitiesLossFromInvestmentsInUnconsolidatedEntitiesMerger
636000
eqr Other Liabilities Loss From Investments In Unconsolidated Entities Merger
OtherLiabilitiesLossFromInvestmentsInUnconsolidatedEntitiesMerger
633000
eqr Unrealized Gain Loss On Derivative Instruments Other Assets
UnrealizedGainLossOnDerivativeInstrumentsOtherAssets
-3359000
eqr Unrealized Gain Loss On Derivative Instruments Other Liabilities
UnrealizedGainLossOnDerivativeInstrumentsOtherLiabilities
-695000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
4054000
eqr Investment In Real Estate Net Under Development
InvestmentInRealEstateNetUnderDevelopment
2592000
eqr Investment In Real Estate Net Under Development
InvestmentInRealEstateNetUnderDevelopment
2988000
eqr Investments In Unconsolidated Entities Under Development
InvestmentsInUnconsolidatedEntitiesUnderDevelopment
-4302000
eqr Investments In Unconsolidated Entities Under Development
InvestmentsInUnconsolidatedEntitiesUnderDevelopment
-3991000
eqr Investments In Unconsolidated Entities
InvestmentsInUnconsolidatedEntities
28133000
eqr Investments In Unconsolidated Entities
InvestmentsInUnconsolidatedEntities
24633000
eqr Investments In Unconsolidated Entities Other Liabilities
InvestmentsInUnconsolidatedEntitiesOtherLiabilities
660000
eqr Investments In Unconsolidated Entities Other Liabilities
InvestmentsInUnconsolidatedEntitiesOtherLiabilities
780000
eqr Initial Measurement And Reclassifications Right Of Use Assets
InitialMeasurementAndReclassificationsRightOfUseAssets
7105000
eqr Initial Measurement And Reclassifications Lease Liabilities
InitialMeasurementAndReclassificationsLeaseLiabilities
7105000
eqr Non Cash Share Distribution From Unconsolidated Entities Investments In Unconsolidated Entities
NonCashShareDistributionFromUnconsolidatedEntitiesInvestmentsInUnconsolidatedEntities
539000
eqr Non Cash Share Distribution From Unconsolidated Entities Changes In Other Assets
NonCashShareDistributionFromUnconsolidatedEntitiesChangesInOtherAssets
-539000
eqr Non Cash Change In Supplemental Executive Retirement Plan Balances Other Assets
NonCashChangeInSupplementalExecutiveRetirementPlanBalancesOtherAssets
3437000
eqr Non Cash Change In Supplemental Executive Retirement Plan Balances Other Assets
NonCashChangeInSupplementalExecutiveRetirementPlanBalancesOtherAssets
3110000
eqr Non Cash Change In Supplemental Executive Retirement Plan Balances Other Liabilities
NonCashChangeInSupplementalExecutiveRetirementPlanBalancesOtherLiabilities
-2839000
eqr Non Cash Change In Supplemental Executive Retirement Plan Balances Other Liabilities
NonCashChangeInSupplementalExecutiveRetirementPlanBalancesOtherLiabilities
-3258000
eqr Non Cash Change In Supplemental Executive Retirement Plan Balances Paid In Capital
NonCashChangeInSupplementalExecutiveRetirementPlanBalancesPaidInCapital
-598000
eqr Non Cash Change In Supplemental Executive Retirement Plan Balances Paid In Capital
NonCashChangeInSupplementalExecutiveRetirementPlanBalancesPaidInCapital
148000
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
299
CY2024Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
10
CY2024Q2 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
79738
CY2024Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
299
CY2024Q2 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
79738
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
379291417
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
378429708
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
90131
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
180629
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
119516
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
232317
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
47466
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
40346
eqr Restricted Share Grants Net
RestrictedShareGrantsNet
190804
eqr Restricted Share Grants Net
RestrictedShareGrantsNet
149722
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
652452
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
379086882
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
379032722
CY2023Q4 eqr Units Outstanding
UnitsOutstanding
11581306
CY2022Q4 eqr Units Outstanding
UnitsOutstanding
12429737
eqr Issuance Of Ltips
IssuanceOfLtips
172667
eqr Issuance Of Ltips
IssuanceOfLtips
166344
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77054

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