XML 60 R38.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment Information (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
segment
Mar. 31, 2014
Dec. 31, 2014
Segment Reporting [Abstract]      
Number of reportable operating segments defined by geographical regions 3ess_ReportableOperatingSegments    
Revenues from External Customers and Long-Lived Assets [Line Items]      
Property revenues $ 280,229us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue $ 159,349us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue  
Net operating income 193,058ess_NetOperatingIncomeFromSegments 107,043ess_NetOperatingIncomeFromSegments  
Management and other fees from affiliates 2,644us-gaap_ManagementFeesRevenue 1,660us-gaap_ManagementFeesRevenue  
Depreciation (106,907)us-gaap_CostOfServicesDepreciation (50,312)us-gaap_CostOfServicesDepreciation  
General and administrative (10,545)us-gaap_GeneralAndAdministrativeExpense (7,583)us-gaap_GeneralAndAdministrativeExpense  
Merger expenses (2,388)us-gaap_PaymentsForMergerRelatedCosts (16,059)us-gaap_PaymentsForMergerRelatedCosts  
Acquisition and disposition costs (547)us-gaap_BusinessCombinationIntegrationRelatedCosts (188)us-gaap_BusinessCombinationIntegrationRelatedCosts  
Interest expense (47,546)ess_InterestExpenseBeforeAmortizationExpense (29,041)ess_InterestExpenseBeforeAmortizationExpense  
Interest and other income 4,199us-gaap_InterestAndOtherIncome 2,879us-gaap_InterestAndOtherIncome  
Equity income from co-investments 4,311us-gaap_IncomeLossFromEquityMethodInvestments 10,526us-gaap_IncomeLossFromEquityMethodInvestments  
Gains on sale of real estate and land 7,112ess_GainsLossesOnSalesOfRealEstateAndLand 7,481ess_GainsLossesOnSalesOfRealEstateAndLand  
Gain on remeasurement of co investment 21,362ess_GainOnRemeasurementOfCoInvestment 0ess_GainOnRemeasurementOfCoInvestment  
Income from continuing operations 64,753us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 26,406us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest  
Net reportable operating segment - real estate assets 10,179,037us-gaap_RealEstateInvestmentPropertyNet   9,679,875us-gaap_RealEstateInvestmentPropertyNet
Real estate under development 339,386us-gaap_DevelopmentInProcess   429,096us-gaap_DevelopmentInProcess
Co-investments 1,057,298us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures   1,042,423us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
Real estate held for sale, net 0us-gaap_RealEstateHeldforsale   56,300us-gaap_RealEstateHeldforsale
Cash and cash equivalents, including restricted cash 255,230us-gaap_CashCashEquivalentsAndShortTermInvestments   95,749us-gaap_CashCashEquivalentsAndShortTermInvestments
Marketable securities and other investments 128,502us-gaap_AvailableForSaleSecurities   117,240us-gaap_AvailableForSaleSecurities
Notes and other receivables 28,954us-gaap_NotesReceivableNet   24,923us-gaap_NotesReceivableNet
Other non-segment assets 96,752ess_OtherNonsegmentAssets   110,565ess_OtherNonsegmentAssets
Total assets 12,085,159us-gaap_Assets   11,556,171us-gaap_Assets
Other Real Estate Assets [Member]      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Property revenues 5,693us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue
/ us-gaap_StatementGeographicalAxis
= ess_OtherRealEstateAssetsMember
4,545us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue
/ us-gaap_StatementGeographicalAxis
= ess_OtherRealEstateAssetsMember
 
Net operating income 4,325ess_NetOperatingIncomeFromSegments
/ us-gaap_StatementGeographicalAxis
= ess_OtherRealEstateAssetsMember
1,135ess_NetOperatingIncomeFromSegments
/ us-gaap_StatementGeographicalAxis
= ess_OtherRealEstateAssetsMember
 
Net reportable operating segment - real estate assets 149,751us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementGeographicalAxis
= ess_OtherRealEstateAssetsMember
  149,820us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementGeographicalAxis
= ess_OtherRealEstateAssetsMember
Reportable Geographical Components [Member] | Southern California [Member]      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Property revenues 123,455us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_SouthernCaliforniaMember
69,611us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_SouthernCaliforniaMember
 
Net operating income 83,088ess_NetOperatingIncomeFromSegments
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_SouthernCaliforniaMember
46,939ess_NetOperatingIncomeFromSegments
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_SouthernCaliforniaMember
 
Net reportable operating segment - real estate assets 4,612,162us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_SouthernCaliforniaMember
  4,241,277us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_SouthernCaliforniaMember
Reportable Geographical Components [Member] | Northern California [Member]      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Property revenues 102,427us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_NorthernCaliforniaMember
56,488us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_NorthernCaliforniaMember
 
Net operating income 72,516ess_NetOperatingIncomeFromSegments
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_NorthernCaliforniaMember
39,923ess_NetOperatingIncomeFromSegments
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_NorthernCaliforniaMember
 
Net reportable operating segment - real estate assets 3,782,875us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_NorthernCaliforniaMember
  3,641,720us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_NorthernCaliforniaMember
Reportable Geographical Components [Member] | Seattle Metro [Member]      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Property revenues 48,654us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_SeattleMetroMember
28,705us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_SeattleMetroMember
 
Net operating income 33,129ess_NetOperatingIncomeFromSegments
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_SeattleMetroMember
19,046ess_NetOperatingIncomeFromSegments
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_SeattleMetroMember
 
Net reportable operating segment - real estate assets $ 1,634,249us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_SeattleMetroMember
  $ 1,647,058us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_ReportableGeographicalComponentsMember
/ us-gaap_StatementGeographicalAxis
= ess_SeattleMetroMember