EQUITY RESIDENTIAL EQR Cash Flow

Equity residential (EQR)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
332,671	301,306	277,846	321,299	109,257	122,388	223,846	118,410	220,548	130,084	144,196	204,160	149,941	302,381	217,492	228,400	3,731,831	213,720	205,456	298,618	190,224	227,041	231,190	117,720	82,732	115,870	391,717	336,732	1,061,034	384,399	236,323	108,315	152,167	107,401	112,977	581,753	133,066	198,212	29,826	10,089	57,856	47,311	143,365	105,932	85,421
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
212,422	214,882	211,478	200,508	204,215	201,856	194,618	192,942	196,309	200,785	184,100	179,896	178,968	177,407	179,230	176,127	172,885	181,033	196,059	194,282	194,521	193,089	190,469	190,136	185,167	183,256	279,609	330,450	220,038	168,052	168,834	172,998	175,108	167,233	165,453	161,567	169,363	171,708	174,019	174,942	152,734	148,888	149,652	151,347	150,488
Amortization of deferred financing costs
2,041	3,006	2,881	3,647	2,136	2,256	3,276	2,099	3,679	2,079	2,064	2,087	2,296	2,633	2,261	2,345	5,394	3,067	2,607	2,538	2,589	2,534	2,628	3,134	2,792	6,561	4,335	4,353	7,176	11,051	3,347	4,063	2,974	5,077	4,721	4,974	3,074	2,425	2,465	2,319	3,197	3,481	3,394	3,255	2,997
Amortization of above/below market lease intangibles
-18	-18	-18	-17	-18	1,098	1,098	1,098	1,098	1,099	1,012	861	856	860	858	857	851	848	843	845	846	846	846	701	829	-1,316	998	924	292	0	0	0	0	-	-	-	-	-	-	-	-	0	3	562	1,096
Amortization of discounts and premiums on debt
1,276	1,643	-7,658	16,377	1,418	1,421	18,097	1,731	1,532	1,518	627	261	1,130	342	682	553	-19,563	-2,851	-2,107	-1,860	-3,751	-4,770	-2,874	-2,938	-2,938	-118,827	-14,581	-15,960	-7,071	-2,386	-2,257	-1,971	-1,567	-1,622	-707	478	373	-1,925	331	558	565	2,511	805	835	1,706
Amortization of deferred settlements on derivative instruments
5,631	6,526	5,754	4,506	4,390	4,547	4,591	4,514	4,788	4,837	4,764	4,666	4,580	4,493	4,337	4,265	28,585	4,592	4,732	4,546	4,205	4,129	4,137	4,072	3,996	3,924	3,853	3,691	8,139	3,638	3,571	3,506	3,429	1,367	817	802	822	826	780	605	593	225	399	456	1,148
Amortization of right-of-use assets
3,007	-	-	-	4,022	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of pursuit costs
1,627	1,431	1,111	1,539	1,448	1,325	1,059	1,135	931	777	783	831	715	713	816	1,115	1,448	556	671	1,158	493	1,540	575	1,040	452	1,215	604	832	2,533	2,915	2,576	2,531	1,034	1,023	1,014	1,355	1,683	1,760	1,450	1,016	1,046	2,865	1,811	-30	192
Property acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	111	44	100
(Income) loss from investments in unconsolidated entities
-1,157	-961	-1,152	68,765	-707	-674	-985	-1,031	-977	-1,217	-398	-682	-1,073	-1,045	7,750	-800	-1,104	637	-1,041	12,466	2,963	2,249	-19,226	7,616	1,409	-115,921	3,225	8,174	46,366	-17	3	0	0	-	-	-	-	0	188	-459	-464	-443	-151	-2,026	-195
Distributions from unconsolidated entities – return on capital
100	135	99	1,694	693	607	697	573	615	601	686	697	648	698	683	827	655	1,177	1,371	1,677	516	1,013	2,167	1,476	914	962	931	331	257	121	214	151	89	1	276	1	41	0	0	0	61	24	47	23	59
Net (gain) loss on sales of investment securities and other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-7	3,260	54,600	556	139	0	387	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) loss on sales of real estate properties
208,000	178,200	130,600	138,821	-21	-34	114,672	-51	142,213	15,296	17,328	87,726	36,707	173,184	90,036	57,356	3,723,479	39,442	66,939	148,802	79,951	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) on sales of unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	22,544	5,079	478	3,971	3,959	-6	2,765
Net (gain) loss on sales of land parcels
-	-100	1,922	177	1	-	-	-	-	-3	0	-23	19,193	-28	4,037	0	11,722	0	0	0	-1	3,431	1,052	824	-30	48	-2,437	14,616	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) loss on sales of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	0	28	0	15	0	0	0	0	-44	-1	153	71	45,928	401,703	389,952	1,198,922	240,831	103,394	71,097	132,956	67,389	76,864	558,482	123,754	228,418	9,285	217	60,036	60,366	129,135	83,927	61,871
Net (gain) loss on debt extinguishment
-	-	-	-	-	0	0	0	-22,110	0	0	-560	-11,698	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-21,945	2,435	0	1,985
Realized/unrealized (gain) loss on derivative instruments
-25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-3,004	-27	-24	-6	156	-87	-3	-102	8	24	0	2	0	0	-1	-186	-2,569	2,569	0	2	0	0	-1	-	-	-	-
Compensation paid with Company Common Shares
7,844	3,672	3,995	6,976	9,806	4,862	5,238	6,754	10,278	4,998	4,972	7,154	7,873	4,990	4,811	10,762	9,967	5,338	5,252	10,407	13,610	2,896	2,742	8,924	12,981	6,455	6,930	11,853	10,236	3,996	3,958	7,910	8,968	4,455	4,333	5,865	6,524	4,159	3,790	5,169	5,757	3,868	4,442	4,613	4,920
Other operating activities, net
1,805	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Decrease in deposits restricted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-871	-1,298	-7,823	-	980	578	-290	-483	4,043	-1,402	-418	-7,836	16,372	-13,953	1,733	6,341	-920	1,438	-2,768	578	-3,130	-414	-1,557	3,391	-1,469	394	1,000	1,773	-3,089	-762	-1,039
Decrease in mortgage deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,062	385	455	-	-1,138	-74	456	186	-1,825	-188	375	-2,084	-518	-862	1,651	686	130	-210	-782	-217	-228	-1,182	-506	-	-	-	-	-	-	-	-
(Increase) decrease in other assets
18,386	-27,149	22,481	-15,935	14,325	-22,647	18,967	-15,813	15,396	-22,575	-16,821	28,786	11,059	-26,899	25,696	-12,769	-17,175	16,375	20,875	316	4,237	-17,919	3,891	-26,358	18,613	-11,057	12,010	-19,915	15,220	34,450	8,978	-35,279	12,262	5,982	-7,695	10,227	-5,771	-15,433	-9,694	17,877	-1,798	-7,415	-7,009	9,419	-6,763
Increase (decrease) in accounts payable and accrued expenses
62,573	-52,706	35,387	-41,354	63,789	-60,618	33,360	-23,601	48,997	-51,103	38,132	-17,969	42,472	-47,432	33,534	-25,127	32,964	-65,052	41,035	-23,100	45,450	-58,534	37,380	-16,312	55,263	-58,772	39,045	-21,542	47,498	-69,581	31,685	-5,822	41,616	-60,276	25,443	-9,366	44,531	-71,524	34,710	-7,788	39,148	-70,079	21,240	-4,711	19,026
Increase (decrease) in accrued interest payable
-927	-6,895	9,589	-9,870	11,406	-6,510	5,791	-6,412	11,718	-14,776	23,988	-25,560	13,437	-8,495	11,266	-11,229	-15,817	-862	-1,048	2,461	-4,870	3,068	8,083	249	-169	-7,044	-779	-2,435	1,039	-2,646	-3,826	3,206	-8,632	18,226	-22,689	20,612	-26,659	27,257	-25,899	27,596	-32,954	28,879	-34,596	32,298	-38,578
Increase (decrease) in lease liabilities
-621	-485	-613	-617	-554	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in other liabilities
-20,811	28,960	9,583	781	-25,942	15,388	-1,359	7,241	-4,692	4,782	4,226	12,848	-45,324	-1,673	17,331	-18,377	-23,703	7,149	16,217	-2,790	-8,307	8,610	17,064	8,957	-26,194	20,828	6,022	6,988	-18,437	-65,505	-72,598	157,968	-16,878	11,948	1,787	6,856	-28,836	14,122	2,016	13,839	-20,005	8,387	2,791	15,479	-24,437
Accumulated other comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,995	2,660
Increase (decrease) in security deposits
-988	-336	1,371	692	1,077	81	377	2,052	-261	-221	1,582	524	500	-1,436	-182	650	-13,990	648	822	818	-339	-105	1,230	1,773	1,143	114	-395	-812	-5,268	-1,770	493	2,797	182	3,213	1,294	-5	-28	-1,737	-19	-610	3,373	-1,253	-1,518	-1,449	-871
Net cash provided by operating activities
382,451	362,804	403,407	317,228	373,545	312,104	358,737	324,436	361,018	295,652	411,023	255,209	303,904	394,802	344,245	273,694	201,382	293,282	388,299	327,152	347,895	309,802	394,735	282,633	336,903	101,823	349,274	224,305	193,514	184,289	277,117	350,504	234,245	186,416	221,574	204,949	187,528	165,356	203,934	204,627	152,120	138,544	166,658	223,159	142,451
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of Archstone, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	232	4,000,643	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in real estate – acquisitions
-	371,642	494,104	394,194	258,938	0	507,546	146,412	54,134	-	-	-	-	-1	45,201	0	160,680	171,761	22,580	130,275	6,720	65,331	139,192	116,931	148,535	0	0	108,308	0	79,117	244,084	337,663	183,112	807,018	159,184	351,529	123,868	81,196	423,420	186,322	498,272	-	-	-	-
Investment in real estate – development/other
52,204	58,454	44,028	47,883	45,327	52,858	24,938	35,822	40,813	49,195	51,300	72,596	103,291	112,323	141,649	162,689	150,164	168,139	161,415	178,149	146,194	149,696	135,034	123,317	122,340	120,477	102,389	89,344	65,232	63,694	38,505	42,334	35,876	26,980	30,203	33,718	29,840	33,019	31,396	35,539	31,347	62,410	70,851	115,191	82,171
Capital expenditures to real estate
38,342	50,088	46,807	47,510	34,018	50,382	52,132	49,240	36,747	59,349	53,961	50,000	39,297	47,626	50,101	40,548	33,902	47,675	52,476	43,792	38,170	52,776	56,269	44,721	32,191	38,950	39,613	30,654	26,599	38,293	46,216	38,094	30,225	38,382	41,207	34,972	29,891	39,249	39,777	33,491	25,691	30,888	33,929	32,476	26,644
Non-real estate capital additions
4,516	2,816	673	448	1,018	1,350	1,010	954	1,191	730	122	365	289	1,264	1,208	2,054	1,205	1,607	429	1,486	469	2,840	628	1,659	159	775	558	859	1,942	2,105	2,016	2,471	2,229	2,231	892	1,310	2,677	1,969	410	259	353	713	208	395	712
Interest capitalized for real estate under development
1,834	2,083	2,122	1,477	1,202	1,713	1,610	1,249	1,688	3,126	6,538	8,388	8,238	9,793	13,272	14,140	14,246	105,735	-15,418	-15,119	-15,313	90,922	-13,103	-12,245	-12,792	-14,375	-12,940	-11,593	-8,413	-6,733	-5,721	-5,059	-4,996	-3,177	-2,248	-1,983	-1,700	-2,812	-2,256	-3,575	-4,365	-6,155	-7,686	-10,401	-10,617
Proceeds from disposition of real estate, net
368,364	-	-	-	-	0	404,353	2,503	284,670	34,583	52,702	217,234	80,064	240,533	168,945	111,277	6,303,904	47,249	77,636	236,932	142,931	298,109	176,179	48,359	0	116,746	670,708	808,602	2,955,398	439,092	277,112	128,743	204,272	98,108	208,470	935,793	258,212	538,097	29,531	1	105,071	157,902	381,634	214,365	133,154
Investments in unconsolidated entities
5,458	531	501	2,291	6,281	1,711	1,761	300	2,799	710	2,836	784	1,704	1,440	1,997	929	900	21	18,212	2,376	2,410	1,200	5,014	3,300	6,254	7,108	5,676	53,404	283	-132	3	3,024	2,396	1,156	453	46	366	-	-	-	-	-	-	-	-
Distributions from unconsolidated entities – return of capital
-	-	-	-	-	-	-	-	-	5	216	0	113	0	13,274	188	336	5,899	19,098	7,178	18,969	26,751	12,373	56,989	7,680	0	25,471	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,475	110
Purchase of investment securities and other investments
1	0	0	18	251	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of investment securities and other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,287	67,098	1,430	2,922	0	-387	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	34,061	166,692	15,000
Purchase of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,000	0	0	52,822
Property acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-111	-44	-100
Decrease (increase) in deposits on real estate acquisitions and investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	52,853	-162,718	193,533	-	31,186	-100,540	131,787	-12,159	134	-8,075	-12,904	4,196	-82,021	35,799	-101,668	129,661	-72,216	13,153	27,386	-217,801	39,018	63,274	107,878	111,441	-19,640	-46,704	-182,203	3,422	217,526	-13,711	43,020
(Increase) in mortgage deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in mortgage deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	181	167	59	-238	200	-851	91	-270	-2,534	-616	-4,473	238	603	-2,202	-83	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used for) investing activities
266,009	-113,644	-289,025	-22,120	-347,035	-108,014	-184,644	-231,474	147,298	-78,521	-471,168	28,035	-72,642	151,777	-119,842	120,771	5,751,236	-285,102	-205,163	-26,327	-179,222	5,976	-155,464	-190,899	-304,279	-64,815	620,386	479,025	-1,041,573	119,470	12,180	-310,940	-81,865	-565,430	-35,844	442,072	-38,006	273,071	-425,888	-211,807	-274,834	-124,675	66,022	234,281	-70,399
CASH FLOWS FROM FINANCING ACTIVITIES:
Debt financing costs
181	7,787	5,956	4,577	1,492	4,228	1	9	4,345	-	-	-	-	12,798	70	40	397	70	3	6,352	0	384	-283	10,821	60	-1,728	248	4,137	13,869	16,610	316	56	4,227	12,351	6,604	1,243	223	914	5,704	758	1,435	88	352	2,755	6,096
Mortgage deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,295	150	-196	-	-	-	-	-	-	-	-	-	-	-	-	0	-2,156	-5	-209	-1	-28,258	-10,634	22,297	-36,821	22,063	-61,857	3,383	-45,889	1,413	-1,942	-246
Mortgage notes payable, net:
Proceeds
78	58	93	7,500	288,120	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,975	17,700	134,523	707	-	-	-	-	-	-	-	-
Lump sum payoffs
-	-	-	-	-	500,000	122,300	0	725,639	0	123,000	18,646	351,774	18,038	8,585	73,898	482,601	181,680	56,076	162	121,326	25,016	60,708	3,064	0	1,830,920	3,865	113,877	584,020	70,304	81,180	150,963	47,800	115,890	226,589	431,744	200,733	-	-	-	149,409	164,541	181,028	452,321	141,132
Mortgage deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,166	2,110	2,059	2,142	1,977	1,937	1,643	1,862	1,561	1,576	632	-533	850	-297	37	-	-	-	-	-	-	-	-	-	-	-	-
Scheduled principal repayments
1,941	1,925	1,773	1,491	1,619	1,691	1,665	1,553	1,720	1,933	1,800	5,007	1,964	1,900	1,904	2,532	2,208	2,114	2,133	2,282	2,746	2,950	2,919	2,966	3,034	3,131	3,191	3,092	3,244	3,066	3,447	3,605	3,970	4,263	4,097	4,143	4,223	-	-	-	-	4,062	4,035	4,555	5,111
(Loss) on debt extinguishments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,435	0	-35
Notes, net:
Proceeds
-	-	-	-	-	-	-	0	497,010	-	-	-	-	-	-	-	-	-	-	-	-	-1	1	1,194,277	0	0	0	495,550	750,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Lump sum payoffs
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,500,000	0	0	300,000	0	-	-	-	-	-	-	-	-	722,133	0	0	253,858	0	482,545	0	93,096	-	-	-	-	344,266	0	198,029	307,820
(Loss) gain on debt extinguishments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,945	0	0	-2,020
Line of credit and commercial paper:
Line of credit proceeds
720,000	160,000	3,855,000	0	1,995,000	2,170,000	1,220,000	0	415,000	-	-	-	-	180,000	0	0	246,000	201,000	16,000	1,556,000	1,997,000	1,843,000	1,950,000	1,623,000	1,751,000	1,419,000	0	2,563,000	5,850,000	5,484,000	287,000	105,000	0	-	-	-	-	1,138,000	696,000	2,210,000	1,469,125	-	-	-	-
Line of credit repayments
740,000	140,000	3,855,000	0	1,995,000	2,170,000	1,220,000	0	415,000	-	-	-	-	180,000	0	0	246,000	201,000	16,000	1,686,000	2,200,000	1,956,000	1,504,000	1,921,000	1,568,000	1,304,000	0	2,958,000	5,455,000	5,491,000	315,000	70,000	0	-	-	-	-	1,284,000	870,000	1,981,000	1,378,125	-	-	-	-
Commercial paper proceeds
1,905,818	2,603,602	5,565,381	3,790,156	3,985,661	4,406,316	4,858,560	3,658,489	1,107,561	1,174,913	1,280,733	1,300,675	1,310,188	435,410	0	0	1,324,784	1,440,456	224,924	1,111,696	1,155,228	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial paper repayments
2,291,000	1,960,150	5,211,000	4,135,000	4,140,000	4,406,500	4,705,000	3,547,000	1,173,000	1,105,000	1,550,250	1,116,000	1,015,500	415,000	0	0	1,712,472	1,082,528	195,000	1,452,900	814,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (payments on) settlement of derivative instruments
25	-	-	-	-	-16,480	0	0	-1,638	-	-	-	-	-	-	-	-	0	0	13,913	25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-2	-10,802	-449
Proceeds from sale of Common Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,196,287	68,695	0	152,058	18,976	0	0	154,508	256,096	0	0	73,356	-	-	-	-
Proceeds from Employee Share Purchase Plan (ESPP)
869	793	671	526	1,126	805	893	500	1,681	781	852	537	1,574	908	755	1,041	982	1,028	766	683	1,927	664	510	477	1,741	428	610	600	1,763	455	421	313	4,210	704	1,057	759	2,742	861	705	1,068	2,478	594	738	1,173	2,787
Proceeds from exercise of EQR options
11,151	10,719	18,579	18,627	29,860	24,655	3,383	1,017	1,600	18,629	4,824	5,001	3,142	8,894	798	5,454	20,687	22,461	3,063	1,771	32,213	26,019	30,869	9,900	15,785	1,208	2,159	6,711	7,174	2,258	15,500	12,343	18,938	949	10,839	50,815	32,719	13,663	14,124	24,594	19,215	1,716	7,292	23	105
Common Shares repurchased and retired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,777	-	-	0	0	-	-	-	-	-	-	-	-	0	0	0	1,887	0	0	0	1,124
Redemption of Preferred Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-9,820	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premium on redemption of Preferred Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-2,789	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of offering costs
-	-	-	-	-	0	0	1	26	15	0	15	21	-	-	-	-	-	-	-	-	41	0	0	0	93	210	338	406	36,499	953	20	1,887	826	159	259	2,352	3,927	7	119	604	2,073	332	10	121
Other financing activities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-16	0	105	-138	-16	0	-33	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from unconsolidated entities - return of capital
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,303	-	-	-	-
Acquisition of Noncontrolling Interests – Partially Owned Properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,000	2,501	0	0	0	0	-	-	-	-	0	4,234	8,071	504	-	-	-	-	0	2,260	6,397	2,823
Contributions – Noncontrolling Interests – Partially Owned Properties
341	-	-	-	-	0	0	0	125	0	0	0	125	-	-	-	-	-	-	-	-	0	0	0	5,684	16,140	4,751	3,470	3,299	2,229	3,057	2,014	921	75,847	64	0	0	0	0	0	222	0	19	352	522
Contributions – Limited Partners
12	-	-	-	-	0	0	0	1	-	-	-	-	0	0	0	1	0	2	0	1	0	0	0	3	0	0	2	3	0	0	0	5	0	0	0	0	-	-	-	-	0	0	0	78
Distributions:
OP Units – General Partner
211,239	210,720	210,448	210,194	199,749	198,938	198,869	198,831	185,484	185,108	185,023	184,942	184,302	1,280,887	184,134	184,052	3,122,652	201,180	201,127	201,033	181,408	181,095	180,721	180,561	234,282	144,146	144,117	144,017	249,330	102,132	101,564	101,405	168,350	100,095	99,933	99,340	132,655	95,784	95,642	95,226	93,317	92,818	132,150	132,069	131,567
Preference Units
773	-	-	-	-	1,545	773	772	773	773	0	773	1,545	0	773	772	773	800	833	833	891	1,036	1,037	1,036	1,036	1,036	2,073	1,036	0	2,072	4,411	3,467	3,466	2,430	3,466	3,467	3,466	3,613	3,620	3,618	3,620	3,620	3,619	3,620	3,620
OP Units – Limited Partners
8,484	7,413	7,474	7,472	7,256	7,186	7,186	7,188	6,666	6,687	6,691	6,695	7,218	50,474	7,258	7,256	123,127	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,794	-	7,822	7,914	8,000
Accumulated other comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	812	1,493
Preference Interests and Units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	4	3	4
Noncontrolling Interests – Partially Owned Properties
9,315	674	1,234	1,202	3,968	871	1,262	3,400	4,220	1,413	929	810	5,134	7,631	907	900	26,781	-16,409	7,906	7,913	7,149	-	7,177	7,188	9,217	-	5,688	5,691	10,837	4,862	4,829	4,567	7,657	4,538	4,598	4,641	6,225	-	-	-	-	-	-	825	471
Noncontrolling Interests Partially Owned Properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,361	1,104	2,891	1,016	1,523	1,126	4,113	740	1,298	1,059	3,345	341	2,517	463	1,762	226	435	190	264	1,106	468	719	625	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,427	-	12,956	14,522	7,177
Proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,664	-	43,376	556,696	57,713
Net cash provided by (used for) financing activities
-624,689	-216,757	-339,254	-79,146	-49,317	-176,527	-174,220	-98,796	-514,367	-210,545	-158,792	-156,354	-264,127	-957,916	-204,660	-264,671	-5,626,845	-10,819	-237,879	-258,134	-159,335	-307,176	-283,925	-52,811	-48,949	-956,235	-149,463	-606,853	291,556	263,208	-288,259	-214,607	-316,673	716,949	-744,508	-348,329	-274,858	-50,679	217,632	-5,024	-10,388	-458,169	-262,587	-218,541	-534,250
Net increase (decrease) in cash and cash equivalents and restricted deposits
23,771	32,403	-224,872	215,962	-22,807	27,563	-127	-5,834	-6,051	6,586	-218,937	126,890	-32,865	-411,337	19,743	129,794	325,773	-2,639	-54,743	42,691	9,338	8,602	-44,654	38,923	-16,325	-919,227	820,197	96,477	-556,503	566,967	1,038	-175,043	-164,293	337,935	-558,778	298,692	-125,336	387,748	-4,322	-12,204	-133,102	-444,300	-29,907	238,899	-462,198
SUPPLEMENTAL INFORMATION:
Cash paid for interest, net of amounts capitalized
75,561	95,638	75,294	96,339	74,777	89,190	80,053	92,509	96,404	102,468	60,469	110,668	86,668	98,778	69,894	93,095	220,385	108,348	109,435	105,852	113,113	107,479	108,861	114,633	112,152	271,468	131,503	137,636	182,356	111,456	116,729	111,165	125,435	96,240	138,539	96,141	146,514	97,907	147,960	84,605	144,902	111,925	154,912	82,354	159,656
Net cash paid (received) for income and other taxes
266	-1,503	164	223	531	-81	290	182	462	-324	340	156	468	161	167	642	524	212	157	177	718	651	23	247	596	88	36	545	483	100	119	-106	560	38	-21	287	341	152	48	-1,090	-1,850	-79	704	2,779	564
Mortgage loans assumed
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	43,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	59,109	0	72,231	26,900	20,886	168,768	23,768	145,660	-	-	-	-
Amortization of deferred financing costs:
Valuation of OP Units issued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	812	0	50	7,383	-	-	-	-
Mortgage loans (assumed) by purchaser
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-39,999	-12,926	0	0	-4,387
Other assets
584	1,179	602	603	603	603	603	603	603	602	604	603	603	1,075	764	764	763	763	764	763	764	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage notes payable, net
403	405	1,185	1,928	416	595	1,645	468	2,084	550	565	584	794	658	703	749	1,868	1,221	761	764	843	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes, net
1,114	1,482	1,154	1,116	1,117	1,058	1,028	1,028	992	927	895	900	899	900	794	832	2,763	1,083	1,082	1,011	982	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in real estate, net
60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-151	0	-1	0	0	0	0	-	-	-	-	-944	-613	-611	-600	-649	-803	-1,122	-1,011
Deferred financing costs, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,134	2,792	6,561	4,486	4,353	7,177	11,051	3,347	4,063	2,974	-	-	-	-	3,369	3,078	2,930	3,797	4,130	4,197	4,377	4,008
Amortization of discounts and premiums on debt:
Investment in real estate, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1	-4
Mortgage notes payable, net
595	601	-8,409	15,690	736	750	17,431	1,066	897	925	52	-330	525	160	158	39	-21,515	-2,865	-2,841	-2,853	-4,567	-5,389	-3,504	-3,505	-3,506	-119,393	-15,149	-16,526	-7,557	-2,871	-2,798	-2,511	-2,153	-2,144	-2,300	-1,958	-1,858	-4,160	-1,918	-1,567	-1,563	-1,466	-1,540	-1,541	-1,550
Notes, net
681	1,042	751	687	682	671	666	665	635	593	575	591	605	594	524	514	1,540	662	662	615	618	619	630	567	568	566	568	566	486	485	541	540	586	522	1,593	2,436	2,231	2,235	2,249	2,125	2,128	3,977	2,345	2,375	3,260
Line of credit and commercial paper
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	412	-	72	378	198	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred settlements on derivative instruments:
Other liabilities
3	3	3	3	3	3	4	2	3	2	4	2	3	3	3	3	69	5	4	27	133	-935	134	400	-133	-133	-669	401	-133	-133	-133	-134	-134	-134	-134	-133	-134	-133	-134	-134	-133	-485	-310	-356	-345
Accumulated other comprehensive income
-5,634	-6,529	-5,757	-4,509	-4,393	-4,550	-4,595	-4,516	-4,791	-4,839	-4,768	-4,668	-4,583	-4,496	-4,340	-4,268	-28,654	-4,597	-4,736	-4,573	-4,338	-4,262	-4,271	-4,206	-4,129	-4,057	-3,986	-3,826	-8,272	-	-	-	-	-	-	-935	-956	-	-914	-739	-726	-	-	-	-
Write-off of pursuit costs:
Other assets
33	14	11	26	11	-	-	-	-	0	-4	11	10	3	9	1	389	11	2	2	59	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
8	-	-	-	-	-	-	-	-	104	0	0	20	0	3	24	77	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Income) loss from investments in unconsolidated entities:
Investment in real estate, net
1,586	1,409	1,095	1,510	1,437	1,285	1,037	1,111	931	673	787	820	685	710	804	1,090	982	875	669	826	434	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of pursuit costs
1,627	1,431	1,111	1,539	1,448	1,325	1,059	1,135	931	777	783	831	715	-	-	-	-	-	-	-	-	-	575	1,040	452	1,215	604	832	2,533	2,915	2,576	2,531	1,034	1,023	1,014	1,355	1,683	1,760	1,450	1,016	1,046	2,865	1,811	-30	192
(Income) loss from investments in unconsolidated entities:
Losses reclassified into earnings from other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,640	3,563	-	-	-	-	-	-	-	-	-	-	-	-
Investments in unconsolidated entities
830	632	835	-69,099	364	331	652	694	627	879	51	324	701	672	-8,121	413	709	-1,031	458	-13,142	-3,625	-3,074	330	6,882	472	1,143	2,416	7,294	42,213	11	3	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
327	329	317	334	343	343	333	337	350	338	347	358	372	373	371	387	395	394	583	676	662	825	846	734	937	-752	809	880	4,153	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investments in unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	961	2,114	1,423	862	-	-	331	257	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52	53	53	52	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized/unrealized (gain) loss on derivative instruments:
Other assets
-	0	0	665	1,337	9,044	-10,795	-4,094	-9,132	-779	-926	-3,983	1,106	6,361	3,827	-1,512	-6,878	6,104	-5,804	1,090	-4,963	-1,249	798	3,332	7,279	-6,530	144	-12,224	1,471	1,514	1,271	3,363	1,300	1,609	3,242	1,165	810	-769	-2,832	9,041	7,579	-23,351	-2,016	-7,515	-379
Mortgage notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-2,001	-588	-148	-238	-82	-144	-169	19	-29	16	-132	51	-620	-1,186
Notes, net
-	0	24	998	1,255	811	660	138	-2,289	-2,041	-783	476	-1,106	-6,361	-3,827	1,512	6,878	-6,104	5,804	-2,484	4,842	4,082	-3,937	1,452	0	0	0	-52	-1,471	-1,515	-1,271	-1,362	-712	-1,461	-975	847	-1,348	-2,338	2,812	4,298	2,725	-147	1,971	-460	-645
Other liabilities
992	0	-24	17,682	11,828	9,042	-1,891	-1,952	5,334	-	-	-	-	-251	-227	1,561	2,906	-423	1,096	-10,255	11,933	8,695	3,066	5,058	4,670	-3,466	3,464	2,777	-2,814	-564	3,695	11,860	-3,219	13,417	100,650	31,840	-5,400	-54,302	37,727	58,933	3,184	-1,854	454	-1,400	-450
Accumulated other comprehensive income
-967	0	0	-19,345	-14,420	-18,847	12,026	5,908	6,087	-	-	-	-	325	227	-1,561	-2,906	423	1,908	11,676	-11,788	-11,522	97	-9,929	-11,952	10,034	-3,600	9,523	2,814	565	-3,695	-11,860	3,218	-13,231	-105,248	-31,201	6,082	57,578	-37,726	-72,243	-13,503	-	-	-	-
Investments in unconsolidated entities:
Debt financing costs:
Investment in real estate, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	39,929	22,887	2,975	-5,250	-8,707,967	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investments in unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67,986	-33,993	-8,476	-431,769	432,874	-218,197	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deposits - restricted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-54	-948	948	-474	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Escrow deposits - mortgage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1,685	-71,795	71,796	-35,898	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-51,560	51,560	-25,780	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-146	-592	0	-17	17,593	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	49	0	11,256	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-3,204	231	-323	0	117,391	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Security deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	16	0	0	10,949	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of Common Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	1,929,868	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interests - Partially Owned Properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	28,263	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in real estate, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,631	13,084	37,776	-12,774	77,181	-50,843	27,284	-8,089	-6,498	-5,487	-4,849	-4,827	-3,025	-2,163	-1,938	-1,659	-	-	-	-	-	-	-	-
Investments in unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	19	53	-18	3,086	-2,109	1,135	-324	-235	-234	-210	-169	-152	-85	-45	-41	-	-	-	-	-	-	-	-
Investments in unconsolidated entities:
Investments in unconsolidated entities
4,558	531	501	911	5,561	1,711	801	300	2,079	710	736	784	804	-	-	-	-	2,787	-92	-1,161	-130	11,436	-7,472	3,808	-1,454	22,973	-13,688	4,654	-283	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
900	0	0	1,380	720	0	960	0	720	0	2,100	0	900	840	1,200	0	900	43,230	-18,120	-1,215	-2,280	18,900	-16,650	12,000	-4,800	102,861	-99,362	49,316	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in real estate, net
-	371,642	494,104	394,194	258,938	0	507,546	146,412	54,134	-	-	-	-	-1	45,201	0	160,680	171,761	22,580	130,275	6,720	65,331	139,192	116,931	148,535	0	0	108,308	0	79,117	244,084	337,663	183,112	807,018	159,184	351,529	123,868	81,196	423,420	186,322	498,272	-	-	-	-
Investments in unconsolidated entities
5,458	531	501	2,291	6,281	1,711	1,761	300	2,799	710	2,836	784	1,704	1,440	1,997	929	900	21	18,212	2,376	2,410	1,200	5,014	3,300	6,254	7,108	5,676	53,404	283	-132	3	3,024	2,396	1,156	453	46	366	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
62,573	-52,706	35,387	-41,354	63,789	-60,618	33,360	-23,601	48,997	-51,103	38,132	-17,969	42,472	-47,432	33,534	-25,127	32,964	-65,052	41,035	-23,100	45,450	-58,534	37,380	-16,312	55,263	-58,772	39,045	-21,542	47,498	-69,581	31,685	-5,822	41,616	-60,276	25,443	-9,366	44,531	-71,524	34,710	-7,788	39,148	-70,079	21,240	-4,711	19,026
Other assets
-181	-7,054	0	0	145	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,172	-2,586	-12,327	-406,303	407,531	-204,523	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage notes payable, net
-	0	-117	-605	-1,632	-	-	-	-	-	-	-	-	0	70	40	397	-	-	-	-	-	-	0	0	0	0	0	3,076,876	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Notes, net
-	-95	-5,241	-5,208	-5	-3,528	-1	-9	-4,345	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets and lease liabilities initial measurement and reclassifications:
Right-of-use assets
-	-1,493	52,305	0	438,705	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	0	0	0	184,116	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liabilities
-	-1,493	52,305	0	282,791	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-56,404	0	56,404	-28,202	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in real estate, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,365	-	-	-	-
Proceeds from (payments on) settlement of derivative instruments:
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	10,802	449
Payments of Financing Costs
181	7,787	5,956	4,577	1,492	4,228	1	9	4,345	-	-	-	-	-	-	-	-	70	3	6,352	0	-	-283	10,821	60	-1,728	248	4,137	13,869	16,610	316	56	4,227	12,351	6,604	1,243	223	914	5,704	758	1,435	88	352	2,755	6,096
Receivable on sale of Common Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	28,457	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency translation adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	0	214	-25	75	-16	191	-82	-420	-86	-2,184	1,627	91	1,402	-1,730	1,814	-873	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from notes, net to mortgage notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	35,600	-	-	-	-
ERPOP [Member]
Net income
332,671	-	277,846	321,299	109,257	-	223,846	118,410	220,548	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
212,422	-	211,478	200,508	204,215	-	194,618	192,942	196,309	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
2,041	-	2,881	3,647	2,136	-	3,276	2,099	3,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of above/below market lease intangibles
-18	-	-18	-17	-18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of above/below market lease intangibles
-	-	-	-	-	-	-	-	1,098	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discounts and premiums on debt
1,276	-	-7,658	16,377	1,418	-	18,097	1,731	1,532	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred settlements on derivative instruments
5,631	-	5,754	4,506	4,390	-	4,591	4,514	4,788	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of right-of-use assets
3,007	-	-	-	4,022	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of pursuit costs
1,627	-	1,111	1,539	1,448	-	1,059	1,135	931	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Income) loss from investments in unconsolidated entities
-1,157	-	-1,152	68,765	-707	-	-985	-1,031	-977	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from unconsolidated entities – return on capital
100	-	99	1,694	693	-	697	573	615	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) loss on sales of real estate properties
207,977	-	130,565	138,856	-21	-	114,672	-51	142,213	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) loss on sales of land parcels
-	-	1,899	177	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized/unrealized (gain) loss on derivative instruments
-25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) loss on debt extinguishment
-	-	-	-	-	-	0	0	-22,110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Compensation paid with Company Common Shares
7,844	-	3,995	6,976	9,806	-	5,238	6,754	10,278	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating activities, net
1,805	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in other assets
18,386	-	22,481	-15,935	14,325	-	18,967	-15,813	15,396	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in accounts payable and accrued expenses
62,573	-	35,387	-41,354	63,789	-	33,360	-23,601	48,997	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in accrued interest payable
-927	-	9,589	-9,870	11,406	-	5,791	-6,412	11,718	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in lease liabilities
-621	-	-613	-617	-554	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in other liabilities
-20,811	-	9,583	781	-25,942	-	-1,359	7,241	-4,692	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in security deposits
-988	-	1,371	692	1,077	-	377	2,052	-261	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
382,451	-	403,407	317,228	373,545	-	358,737	324,436	361,018	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in real estate – acquisitions
-	-	494,104	394,194	258,938	-	507,546	146,412	54,134	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in real estate – development/other
52,204	-	44,028	47,883	45,327	-	24,938	35,822	40,813	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures to real estate
38,342	-	-	-	34,018	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-real estate capital additions
4,516	-	-	-	1,018	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures to real estate
-	-	-	-	-	-	-	49,240	36,747	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-real estate capital additions
-	-	-	-	-	-	-	954	1,191	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest capitalized for real estate under development
1,834	-	2,122	1,477	1,202	-	1,610	1,249	1,688	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposition of real estate, net
368,364	-	-	-	-	-	404,353	2,503	284,670	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in unconsolidated entities
5,458	-	501	2,291	6,281	-	1,761	300	2,799	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investment securities and other investments
1	-	0	18	251	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used for) investing activities
266,009	-	-289,025	-22,120	-347,035	-	-184,644	-231,474	147,298	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt financing costs
181	-	5,956	4,577	1,492	-	1	9	4,345	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds
78	-	93	7,500	288,120	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lump sum payoffs
-	-	-	-	-	-	122,300	0	725,639	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Scheduled principal repayments
1,941	-	1,773	1,491	1,619	-	1,665	1,553	1,720	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds
-	-	-	-	-	-	-	0	497,010	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Line of credit proceeds
720,000	-	3,855,000	0	1,995,000	-	1,220,000	0	415,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Line of credit repayments
740,000	-	3,855,000	0	1,995,000	-	1,220,000	0	415,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial paper proceeds
1,905,818	-	5,565,381	3,790,156	3,985,661	-	4,858,560	3,658,489	1,107,561	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial paper repayments
2,291,000	-	5,211,000	4,135,000	4,140,000	-	4,705,000	3,547,000	1,173,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (payments on) settlement of derivative instruments
25	-	-	-	-	-	0	0	-1,638	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Employee Share Purchase Plan (ESPP)
869	-	671	526	1,126	-	893	500	1,681	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of EQR options
11,151	-	18,579	18,627	29,860	-	3,383	1,017	1,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of offering costs
-	-	-	-	-	-	0	1	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions – Noncontrolling Interests – Partially Owned Properties
341	-	-	-	-	-	0	0	125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions – Limited Partners
12	-	-	-	-	-	0	0	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OP Units – General Partner
211,239	-	210,448	210,194	199,749	-	198,869	198,831	185,484	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preference Units
773	-	-	-	-	-	773	772	773	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OP Units – Limited Partners
8,484	-	7,474	7,472	7,256	-	7,186	7,188	6,666	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interests – Partially Owned Properties
9,315	-	1,234	1,202	3,968	-	1,262	3,400	4,220	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used for) financing activities
-624,689	-	-339,254	-79,146	-49,317	-	-174,220	-98,796	-514,367	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents and restricted deposits
23,771	-	-224,872	215,962	-22,807	-	-127	-5,834	-6,051	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest, net of amounts capitalized
75,561	-	75,294	96,339	74,777	-	80,053	92,509	96,404	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash paid (received) for income and other taxes
266	-	164	223	531	-	290	182	462	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in real estate, net
-60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
584	-	602	603	603	-	603	603	603	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage notes payable, net
403	-	1,185	1,928	416	-	1,645	468	2,084	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes, net
1,114	-	1,154	1,116	1,117	-	1,028	1,028	992	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage notes payable, net
595	-	-8,409	15,690	736	-	17,431	1,066	897	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes, net
681	-	751	687	682	-	666	665	635	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
3	-	3	3	3	-	4	2	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated other comprehensive income
-5,634	-	-5,757	-4,509	-4,393	-	-4,595	-4,516	-4,791	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in real estate, net
1,586	-	1,095	1,510	1,437	-	1,037	1,111	931	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
33	-	11	26	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in unconsolidated entities
830	-	835	-69,099	364	-	652	694	627	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
327	-	317	334	343	-	333	337	350	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	0	665	1,337	-	-10,795	-4,094	-9,132	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes, net
-	-	24	998	1,255	-	660	138	-2,289	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
992	-	-24	17,682	11,828	-	-1,891	-1,952	5,334	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated other comprehensive income
-967	-	0	-19,345	-14,420	-	12,026	5,908	6,087	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in unconsolidated entities
4,558	-	501	911	5,561	-	801	300	2,079	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
900	-	0	1,380	720	-	960	0	720	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-181	-	0	0	145	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage notes payable, net
-	-	-117	-605	-1,632	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes, net
-	-	-5,241	-5,208	-5	-	-1	-9	-4,345	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets
-	-	52,305	0	438,705	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	0	0	184,116	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liabilities
-	-	52,305	0	282,791	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	0	0	28,202	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage Notes Payable, Net [Member]
Net gain (loss) on debt extinguishment
-	-	-	-	-	0	0	0	22,110	0	0	560	11,698	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-