The following table presents a reconciliation of operating income per the consolidated statements of operations to NOI for the Six-Month 2005 Same Store Properties: for EQUITY

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EQR » Topics » The following table presents a reconciliation of operating income per the consolidated statements of operations to NOI for the Six-Month 2005 Same Store Properties:

This excerpt taken from the EQR 10-Q filed Aug 8, 2005.

The following table presents a reconciliation of operating income per the consolidated statements of operations to NOI for the Six-Month 2005 Same Store Properties:

	Six Months Ended June 30,
	2005			2004
	(Amounts in millions)

Operating income	$	270.4		$	262.6
Adjustments:
Non-same store operating results	(54.1		)	(11.6		)
Fee and asset management revenue	(5.8		)	(6.9		)
Fee and asset management expense	4.9			4.4
Depreciation	254.5			223.9
General and administrative	31.3			22.5
Same store NOI	$	501.2		$	494.9

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EQUITY RESIDENTIAL (EQR)

EQR » Topics » The following table presents a reconciliation of operating income per the consolidated statements of operations to NOI for the Six-Month 2005 Same Store Properties: