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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Rental and other property $ 302,522 $ 268,512 $ 876,852 $ 684,813
Management and other fees from affiliates 2,104 2,361 6,809 6,856
Total revenues 304,626 270,873 883,661 691,669
Expenses:        
Property operating, excluding real estate taxes 60,528 56,294 173,547 146,474
Real estate taxes 33,591 31,768 97,820 77,452
Depreciation and amortization 116,308 102,286 336,946 253,890
General and administrative 11,129 11,479 31,223 28,621
Merger and integration expenses 0 3,857 3,798 46,413
Acquisition and investment related costs 381 51 1,357 768
Total expenses 221,937 205,735 644,691 553,618
Earnings from operations 82,689 65,138 238,970 138,051
Interest expense (50,053) (45,830) (148,401) (117,021)
Interest and other income 7,367 2,992 14,820 8,685
Equity income in co-investments 7,179 4,910 15,962 21,065
Gains on sale of real estate and land 0 31,372 7,112 38,853
Gain on remeasurement of co-investment 0 0 34,014 0
Net income 47,182 58,582 162,477 89,633
Net income attributable to noncontrolling interest (3,545) (3,720) (11,295) (8,971)
Net income attributable to controlling interest 43,637 54,862 151,182 80,662
Dividends to preferred stockholders (1,314) (1,296) (3,941) (3,977)
Net income available to common stockholders 42,323 53,566 147,241 76,685
Comprehensive income 46,970 61,036 163,609 99,070
Comprehensive income attributable to noncontrolling interest (3,538) (3,789) (11,332) (9,345)
Comprehensive income attributable to controlling interest $ 43,432 $ 57,247 $ 152,277 $ 89,725
Basic:        
Net income available to common stockholders (in dollars per share) $ 0.65 $ 0.85 $ 2.28 $ 1.41
Weighted average number of shares outstanding during the period (in shares) 65,138,868 62,892,601 64,714,994 54,250,104
Diluted:        
Net income available to common stockholders (in dollars per share) $ 0.65 $ 0.85 $ 2.27 $ 1.41
Weighted average number of shares outstanding during the period (in shares) 65,297,550 63,069,772 64,892,770 54,443,227
Dividends per common share (in dollars per share) $ 1.44 $ 1.30 $ 4.32 $ 3.81
Essex Portfolio, L.P. [Member]        
Revenues:        
Rental and other property $ 302,522 $ 268,512 $ 876,852 $ 684,813
Management and other fees from affiliates 2,104 2,361 6,809 6,856
Total revenues 304,626 270,873 883,661 691,669
Expenses:        
Property operating, excluding real estate taxes 60,528 56,294 173,547 146,474
Real estate taxes 33,591 31,768 97,820 77,452
Depreciation and amortization 116,308 102,286 336,946 253,890
General and administrative 11,129 11,479 31,223 28,621
Merger and integration expenses 0 3,857 3,798 46,413
Acquisition and investment related costs 381 51 1,357 768
Total expenses 221,937 205,735 644,691 553,618
Earnings from operations 82,689 65,138 238,970 138,051
Interest expense (50,053) (45,830) (148,401) (117,021)
Interest and other income 7,367 2,992 14,820 8,685
Equity income in co-investments 7,179 4,910 15,962 21,065
Gains on sale of real estate and land 0 31,372 7,112 38,853
Gain on remeasurement of co-investment 0 0 34,014 0
Net income 47,182 58,582 162,477 89,633
Net income attributable to noncontrolling interest (2,074) (1,904) (6,180) (5,529)
Net income attributable to controlling interest 45,108 56,678 156,297 84,104
Dividends to preferred stockholders (1,314) (1,296) (3,941) (3,977)
Net income available to common stockholders 43,794 55,382 152,356 80,127
Comprehensive income 46,970 61,036 163,609 99,070
Comprehensive income attributable to noncontrolling interest (2,074) (1,904) (6,180) (5,529)
Comprehensive income attributable to controlling interest $ 44,896 $ 59,132 $ 157,429 $ 93,541
Basic:        
Net income available to common stockholders (in dollars per share) $ 0.65 $ 0.85 $ 2.28 $ 1.42
Weighted average number of shares outstanding during the period (in shares) 67,316,498 65,057,157 66,896,293 56,484,589
Diluted:        
Net income available to common stockholders (in dollars per share) $ 0.65 $ 0.85 $ 2.27 $ 1.41
Weighted average number of shares outstanding during the period (in shares) 67,475,180 65,234,328 67,074,069 56,677,712
Dividends per common share (in dollars per share) $ 1.44 $ 1.30 $ 4.32 $ 3.81