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EPLP - Condensed Consolidated Statements of Capital for the three and six months ended June 30, 2023 and 2022 (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Increase (Decrease) in Partners' Capital [Roll Forward]        
Net income $ 105,756 $ 61,690 $ 267,350 $ 140,065
Change in fair value of derivatives and amortization of swap settlements 15,386 11,812 5,092 31,895
Change in fair value of marketable debt securities, net   (102)   296
Issuance of common units under:        
General partner's stock based compensation, net 0      
Sale of common stock by general partner, net (53) (66) (125) (207)
Retirement of common units, net   (60,830) (95,657) (60,830)
Changes in the redemption value of redeemable noncontrolling interest (1,147) 6,295 (4,205) 1,223
Contributions from noncontrolling interest       125
Distributions to noncontrolling interest (8,056) (7,622) (16,033) (15,241)
Redemptions (436) (2,335) (609) (2,361)
Noncontrolling interest        
Issuance of common units under:        
Contributions from noncontrolling interest       125
Essex Portfolio, L.P.        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning 5,796,857 6,138,207 5,895,116 6,176,508
Net income 105,756 61,690 267,350 140,065
Change in fair value of derivatives and amortization of swap settlements 15,386 11,812 5,092 31,895
Change in fair value of marketable debt securities, net   (102)   296
Issuance of common units under:        
General partner's stock based compensation, net   172 0 17,039
Sale of common stock by general partner, net (53) (66) (125) (207)
Equity based compensation costs 1,982 2,662 7,646 5,125
Retirement of common units, net   (60,830) (95,657) (60,830)
Changes in the redemption value of redeemable noncontrolling interest (1,147) 6,295 (4,205) 1,223
Contributions from noncontrolling interest       125
Distributions to noncontrolling interest (2,835) (2,621) (5,590) (5,218)
Redemptions (436) (2,335) (609) (2,361)
Distributions declared (153,505) (148,299) (307,013) (297,075)
Balance at period end $ 5,762,005 $ 6,006,585 $ 5,762,005 $ 6,006,585
Essex Portfolio, L.P. | Common Equity | General Partner        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning (in shares) 64,182 65,332 64,605 65,248
Balance at period beginning $ 5,582,259 $ 5,942,746 $ 5,669,906 $ 5,999,155
Net income $ 99,620 $ 57,054 $ 253,152 $ 130,308
Issuance of common units under:        
General partner's stock based compensation, net (in shares) 1 3 3 87
General partner's stock based compensation, net   $ 172   $ 17,039
Sale of common stock by general partner, net $ (53) (66) $ (125) (207)
Equity based compensation costs 1,915 $ 2,572 $ 7,387 $ 4,952
Retirement of common units, net (in shares)   (219) (437) (219)
Retirement of common units, net   $ (60,830) $ (95,657) $ (60,830)
Changes in the redemption value of redeemable noncontrolling interest (1,160) $ 6,065 $ (4,087) $ 1,051
Redemptions (in shares)   8 12 8
Redemptions (404) $ (2,122) $ (113) $ (2,123)
Distributions declared $ (148,284) $ (143,298) $ (296,570) $ (287,052)
Balance at period end (in shares) 64,183 65,124 64,183 65,124
Balance at period end $ 5,533,893 $ 5,802,293 $ 5,533,893 $ 5,802,293
Essex Portfolio, L.P. | Common Equity | Limited Partners        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning (in shares) 2,261 2,282 2,272 2,282
Balance at period beginning $ 51,385 $ 54,112 $ 51,454 $ 56,502
Net income 3,506 1,990 8,910 4,553
Issuance of common units under:        
Equity based compensation costs 67 90 259 173
Changes in the redemption value of redeemable noncontrolling interest $ (26) $ 136 $ (132) $ 122
Redemptions (in shares) (1) (9) (12) (9)
Redemptions $ (7) $ (94) $ (344) $ (94)
Distributions declared $ (5,221) $ (5,001) $ (10,443) $ (10,023)
Balance at period end (in shares) 2,260 2,273 2,260 2,273
Balance at period end $ 49,704 $ 51,233 $ 49,704 $ 51,233
Essex Portfolio, L.P. | Accumulated other comprehensive income (loss), net        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning 41,716 18,677 52,010 (1,804)
Change in fair value of derivatives and amortization of swap settlements 15,386 11,812 5,092 31,895
Change in fair value of marketable debt securities, net   (102)   296
Issuance of common units under:        
Balance at period end 57,102 30,387 57,102 30,387
Essex Portfolio, L.P. | Noncontrolling interest        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning 121,497 122,672 121,746 122,655
Net income 2,630 2,646 5,288 5,204
Issuance of common units under:        
Changes in the redemption value of redeemable noncontrolling interest 39 94 14 50
Distributions to noncontrolling interest (2,835) (2,621) (5,590) (5,218)
Redemptions (25) (119) (152) (144)
Balance at period end $ 121,306 $ 122,672 $ 121,306 $ 122,672