8-KOther EventsExhibits & Filings

EQUITY RESIDENTIAL 8-K Report, Corporate Update (Nov 10, 2011)

Filed November 10, 2011For Securities:EQR

Summary

This Form 8-K filing by Equity Residential (EQR) primarily serves to re-issue updated historical financial statements, specifically for its 2010 annual report (Form 10-K), in compliance with SEC requirements. The core purpose is to reclassify the results of operations from properties sold during the first nine months of 2011 as a component of 'discontinued operations' across previously reported periods, including the annual financial statements for 2010 and interim periods within the most recent 10-Q filing. This reclassification is a technical accounting adjustment and does not alter previously reported figures for net income, FFO, or Normalized FFO. The filing aims to ensure consistency in financial reporting presentation with the company's third-quarter 2011 10-Q. Investors should note that this is an accounting update and not indicative of a new financial event or change in the company's ongoing operational performance.

Key Highlights

  • 1Equity Residential is reclassifying historical financial statements to report properties sold in the first nine months of 2011 as 'discontinued operations'.
  • 2This reclassification applies to the company's 2010 annual report (Form 10-K) and is required to conform with SEC reporting standards for discontinued operations.
  • 3The reclassification impacts the presentation of financial data for comparative periods, ensuring consistency with the company's third-quarter 2011 10-Q filing.
  • 4Crucially, this accounting adjustment has no impact on previously reported net income, FFO, or Normalized FFO figures for any period.
  • 5The filing includes updated financial statements and supporting exhibits, including XBRL-formatted data, to reflect this change.
  • 6All other aspects of the 2010 Form 10-K remain unchanged by this filing.

Frequently Asked Questions

The primary purpose is to re-issue updated historical financial statements for Equity Residential's 2010 annual report (Form 10-K) to comply with SEC regulations. This involves reclassifying the results of operations from properties sold during the first nine months of 2011 as 'discontinued operations' across all relevant previously reported periods.

No, this reclassification is purely an accounting presentation change. It has no effect on the company's previously reported net income, net income available to Common Shares, Funds from Operations (FFO), FFO available to Common Shares and Units, Normalized Funds from Operations (Normalized FFO), or Normalized FFO available to Common Shares and Units.

The filing updates Items 6, 7, and 8 of the company's annual report on Form 10-K for the year ended December 31, 2010. This includes selected financial data, management's discussion and analysis, and the financial statements themselves, along with XBRL-formatted versions of these documents.

No, this filing is an accounting adjustment to conform to SEC presentation rules for discontinued operations. It does not report new financial results, operational changes, or strategic shifts for Equity Residential. The core business operations and previously reported financial performance metrics remain unchanged.