EQR: Income Statement for EQUITY RESIDENTAL

PERIOD ENDING		30-Sep-08	30-Jun-08	31-Mar-08	31-Dec-07
Total Revenue		521,265	530,141	522,812	513,790
Cost of Revenue		211,341	209,807	216,767	273,591

Gross Profit		309,924	320,334	306,045	240,199

	Operating Expenses
	Research Development	-	-	-	-
	Selling General and Administrative	9,849	11,710	12,481	(60,921)
	Non Recurring	2,097	584	119	398
	Others	147,330	144,007	146,598	146,130

	Total Operating Expenses	-	-	-	-


Operating Income or Loss		150,648	164,033	146,847	154,592

	Income from Continuing Operations
	Total Other Income/Expenses Net	5,814	4,813	3,368	6,327
	Earnings Before Interest And Taxes	153,486	168,846	150,215	160,365
	Interest Expense	122,715	119,663	119,408	125,228
	Income Before Tax	30,771	49,183	30,807	35,137
	Income Tax Expense	1,317	1,726	2,898	-
	Minority Interest	(1,823)	(4,043)	(1,790)	(3,330)

	Net Income From Continuing Ops	30,857	43,319	26,024	35,137

	Non-recurring Events
	Discontinued Operations	147,384	89,293	114,458	88,140
	Extraordinary Items	-	-	-	-
	Effect Of Accounting Changes	-	-	-	-
	Other Items	-	-	-	-


Net Income		178,241	132,612	140,482	123,277
Preferred Stock And Other Adjustments		(3,628)	(3,626)	(3,633)	(3,645)

Net Income Applicable To Common Shares		$174,613	$128,986	$136,849	$119,632

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