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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Rental and other property $ 312,178 $ 280,229
Management and other fees from affiliates 2,024 2,644
Total revenues 314,202 282,873
Expenses:    
Property operating, excluding real estate taxes 60,071 55,618
Real estate taxes 34,419 31,553
Depreciation and amortization 109,707 106,907
General and administrative 9,182 10,545
Merger and integration expenses 0 2,388
Acquisition and investment related costs 828 547
Total expenses 214,207 207,558
Earnings from operations 99,995 75,315
Interest expense (52,466) (47,546)
Total return swap income 3,123 0
Interest and other income 5,208 4,199
Equity income in co-investments 15,068 4,311
Gain on sale of real estate and land 20,258 7,112
Deferred tax expense on gain on sale of real estate and land (4,279) 0
Gain on remeasurement of co-investment 0 21,362
Net income 86,907 64,753
Net income attributable to noncontrolling interest (5,071) (4,076)
Net income attributable to controlling interest 81,836 60,677
Dividends to preferred stockholders (1,314) (1,314)
Excess of redemption value of preferred stock over the carrying value (2,541) 0
Net income available to common stockholders 77,981 59,363
Comprehensive income 84,696 65,352
Comprehensive income attributable to noncontrolling interest (4,998) (4,091)
Comprehensive income attributable to controlling interest $ 79,698 $ 61,261
Basic:    
Net income available to common stockholders (in dollars per share) $ 1.19 $ 0.92
Weighted average number of shares outstanding during the period (in shares) 65,405,654 64,185,455
Diluted:    
Net income available to common stockholders (in dollars per share) $ 1.19 $ 0.92
Weighted average number of shares outstanding during the period (in shares) 65,557,639 64,394,680
Dividends per common share (in dollars per share) $ 1.60 $ 1.44
Essex Portfolio, L.P. [Member]    
Revenues:    
Rental and other property $ 312,178 $ 280,229
Management and other fees from affiliates 2,024 2,644
Total revenues 314,202 282,873
Expenses:    
Property operating, excluding real estate taxes 60,071 55,618
Real estate taxes 34,419 31,553
Depreciation and amortization 109,707 106,907
General and administrative 9,182 10,545
Merger and integration expenses 0 2,388
Acquisition and investment related costs 828 547
Total expenses 214,207 207,558
Earnings from operations 99,995 75,315
Interest expense (52,466) (47,546)
Total return swap income 3,123 0
Interest and other income 5,208 4,199
Equity income in co-investments 15,068 4,311
Gain on sale of real estate and land 20,258 7,112
Deferred tax expense on gain on sale of real estate and land (4,279) 0
Gain on remeasurement of co-investment 0 21,362
Net income 86,907 64,753
Net income attributable to noncontrolling interest (2,287) (2,013)
Net income attributable to controlling interest 84,620 62,740
Dividends to preferred stockholders (1,314) (1,314)
Excess of redemption value of preferred stock over the carrying value (2,541) 0
Net income available to common stockholders 80,765 61,426
Comprehensive income 84,696 65,352
Comprehensive income attributable to noncontrolling interest (2,287) (2,013)
Comprehensive income attributable to controlling interest $ 82,409 $ 63,339
Basic:    
Net income available to common stockholders (in dollars per share) $ 1.19 $ 0.93
Weighted average number of shares outstanding during the period (in shares) 67,633,519 66,369,769
Diluted:    
Net income available to common stockholders (in dollars per share) $ 1.19 $ 0.92
Weighted average number of shares outstanding during the period (in shares) 67,785,504 66,578,994
Dividends per common share (in dollars per share) $ 1.6 $ 1.44