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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Rental and other property $ 294,101 $ 256,952 $ 574,330 $ 416,302
Management and other fees from affiliates 2,061 2,836 4,705 4,495
Total revenues 296,162 259,788 579,035 420,797
Expenses:        
Property operating, excluding real estate taxes 57,400 53,213 113,019 90,180
Real estate taxes 32,677 30,345 64,229 45,684
Depreciation and amortization 113,731 101,292 220,638 151,604
General and administrative 9,549 9,558 20,094 17,141
Merger and integration expenses 1,410 26,497 3,798 42,556
Acquisition costs 429 529 976 717
Total expenses 215,196 221,434 422,754 347,882
Earnings from operations 80,966 38,354 156,281 72,915
Interest expense (50,802) (42,151) (98,348) (71,192)
Interest and other income 3,254 2,814 7,453 5,693
Equity income in co-investments 4,472 5,629 8,783 16,155
Gains on sale of real estate and land 0 0 7,112 7,481
Gain on remeasurement of co-investment 12,652 0 34,014 0
Net income 50,542 4,646 115,295 31,052
Net income attributable to noncontrolling interest (3,674) (2,125) (7,750) (5,251)
Net income attributable to controlling interest 46,868 2,521 107,545 25,801
Dividends to preferred stockholders (1,313) (1,314) (2,627) (2,682)
Net income available to common stockholders 45,555 1,207 104,918 23,119
Comprehensive income 51,287 7,306 116,639 38,035
Comprehensive income attributable to noncontrolling interest (3,703) (2,184) (7,794) (5,556)
Comprehensive income attributable to controlling interest $ 47,584 $ 5,122 $ 108,845 $ 32,479
Basic:        
Net income available to common stockholders (in dollars per share) $ 0.70 $ 0.02 $ 1.63 $ 0.46
Weighted average number of shares outstanding during the period (in shares) 64,810,184 61,884,963 64,499,545 49,857,233
Diluted:        
Net income available to common stockholders (in dollars per share) $ 0.70 $ 0.02 $ 1.62 $ 0.46
Weighted average number of shares outstanding during the period (in shares) 64,972,852 62,059,762 64,677,521 50,087,161
Dividends per common share (in dollars per share) $ 1.44 $ 1.30 $ 2.88 $ 2.51
Essex Portfolio, L.P. [Member]        
Revenues:        
Rental and other property $ 294,101 $ 256,952 $ 574,330 $ 416,302
Management and other fees from affiliates 2,061 2,836 4,705 4,495
Total revenues 296,162 259,788 579,035 420,797
Expenses:        
Property operating, excluding real estate taxes 57,400 53,213 113,019 90,180
Real estate taxes 32,677 30,345 64,229 45,684
Depreciation and amortization 113,731 101,292 220,638 151,604
General and administrative 9,549 9,558 20,094 17,141
Merger and integration expenses 429 529 976 717
Acquisition costs 1,410 26,497 3,798 42,556
Total expenses 215,196 221,434 422,754 347,882
Earnings from operations 80,966 38,354 156,281 72,915
Interest expense (50,802) (42,151) (98,348) (71,192)
Interest and other income 3,254 2,814 7,453 5,693
Equity income in co-investments 4,472 5,629 8,783 16,155
Gains on sale of real estate and land 0 0 7,112 7,481
Gain on remeasurement of co-investment 12,652 0 34,014 0
Net income 50,542 4,646 115,295 31,052
Net income attributable to noncontrolling interest (2,141) (1,916) (4,106) (3,625)
Net income attributable to controlling interest 48,401 2,730 111,189 27,427
Dividends to preferred stockholders (1,313) (1,314) (2,627) (2,682)
Net income available to common stockholders 47,088 1,416 108,562 24,745
Comprehensive income 51,287 7,306 116,639 38,035
Comprehensive income attributable to noncontrolling interest (2,141) (1,916) (4,106) (3,625)
Comprehensive income attributable to controlling interest $ 49,146 $ 5,390 $ 112,533 $ 34,410
Basic:        
Net income available to common stockholders (in dollars per share) $ 0.70 $ 0.02 $ 1.63 $ 0.47
Weighted average number of shares outstanding during the period (in shares) 66,992,209 64,058,505 66,682,708 52,127,261
Diluted:        
Net income available to common stockholders (in dollars per share) $ 0.70 $ 0.02 $ 1.62 $ 0.47
Weighted average number of shares outstanding during the period (in shares) 67,154,877 64,233,304 66,860,684 52,357,189
Dividends per common share (in dollars per share) $ 1.44 $ 1.30 $ 2.88 $ 2.51