公平住屋 2026年季度报告

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Table of Contents EXPLANATORY NOTE This report combines the reports on Form 10-Q for the quarterly period ended March 31, 2026 of Equity Residential and ERPOperating Limited Partnership.Unless stated otherwise or the context otherwise requires, references to “EQR” mean EquityResidential, a Maryland real estate investment trust (“REIT”), and references to “ERPOP” mean ERP Operating LimitedPartnership, an Illinois limited partnership.References to the “Company,” “we,” “us” or “our” mean collectively EQR, ERPOP EQR is the general partner of, and as of March 31, 2026 owned an approximate 97.6% ownership interest in, ERPOP.Theremaining 2.4% interest is owned by limited partners.As the sole general partner of ERPOP, EQR has exclusive control ofERPOP’s day-to-day management.Management operates the Company and the Operating Partnership as one business.The The Company is structured as an umbrella partnership REIT (“UPREIT”) and EQR contributes all net proceeds from itsvarious equity offerings to ERPOP. In return for those contributions, EQR receives a number of OP Units (see definition below) inERPOP equal to the number of Common Shares it has issued in the equity offering.The Company may acquire properties intransactions that include the issuance of OP Units as consideration for the acquired properties.Such transactions may, in certaincircumstances, enable the sellers to defer in whole or in part, the recognition of taxable income or gain that might otherwise result The Company believes that combining the reports on Form 10-Q of EQR and ERPOP into this single report provides thefollowing benefits: enhances investors’ understanding of the Company and the Operating Partnership by enabling investors to viewthe business as a whole in the same manner as management views and operates the business; Table of Contents The Company believes it is important to understand the few differences between EQR and ERPOP in the context of howEQR and ERPOP operate as a consolidated company. All of the Company’s property ownership, development and related businessoperations are conducted through the Operating Partnership and EQR has no material assets or liabilities other than its investmentin ERPOP. EQR’s primary function is acting as the general partner of ERPOP. EQR also issues equity from time to time, the netproceeds of which it is obligated to contribute to ERPOP.EQR does not have any indebtedness as all debt is incurred by theOperating Partnership.The Operating Partnership holds substantially all of the assets of the Company, including the Company’sownership interests in its joint ventures.The Operating Partnership conducts the operations of the business and is structured as apartnership with no publicly traded equity. Except for the net proceeds from equity offerings by EQR (which are contributed to the Shareholders’ equity, partners’ capital and noncontrolling interests are the main areas of difference between the consolidatedfinancial statements of the Company and those of the Operating Partnership. The limited partners of the Operating Partnership areaccounted for as partners’ capital in the Operating Partnership’s financial statements and as noncontrolling interests in theCompany’s financial statements.The noncontrolling interests in the Operating Partnership’s financial statements include the To help investors understand the differences between the Company and the Operating Partnership, this report providesseparate consolidated financial statements for the Company and the Operating Partnership; a single set of consolidated notes to suchfinancial statements that includes separate discussions of each entity’s debt, noncontrolling interests and shareholders’ equity or This report also includes separate Part I, Item 4,Controls and Procedures, sections and separate Exhibits 31 and 32certifications for each