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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Rental and other property $ 319,562,000 $ 294,101,000 $ 631,740,000 $ 574,330,000
Management and other fees from affiliates 2,028,000 2,061,000 4,052,000 4,705,000
Total revenues 321,590,000 296,162,000 635,792,000 579,035,000
Expenses:        
Property operating, excluding real estate taxes 61,538,000 57,400,000 121,609,000 113,019,000
Real estate taxes 34,541,000 32,677,000 68,960,000 64,229,000
Depreciation and amortization 109,673,000 113,731,000 219,380,000 220,638,000
General and administrative 9,698,000 9,549,000 18,880,000 20,094,000
Merger and integration expenses 0 1,410,000 0 3,798,000
Acquisition and investment related costs 267,000 429,000 1,095,000 976,000
Total expenses 215,717,000 215,196,000 429,924,000 422,754,000
Earnings from operations 105,873,000 80,966,000 205,868,000 156,281,000
Interest expense (55,568,000) (50,802,000) (108,034,000) (98,348,000)
Total return swap income 2,814,000 0 5,937,000 0
Interest and other income 9,409,000 3,254,000 14,617,000 7,453,000
Equity income in co-investments 14,296,000 4,472,000 29,364,000 8,783,000
Gain on sale of real estate and land 0 0 20,258,000 7,112,000
Deferred tax expense on gain on sale of real estate and land 0 0 (4,279,000) 0
Gain on remeasurement of co-investment 0 12,652,000 0 34,014,000
Net income 76,824,000 50,542,000 163,731,000 115,295,000
Net income attributable to noncontrolling interest (4,811,000) (3,674,000) (9,882,000) (7,750,000)
Net income attributable to controlling interest 72,013,000 46,868,000 153,849,000 107,545,000
Dividends to preferred stockholders 0 (1,313,000) (1,314,000) (2,627,000)
Excess of redemption value of preferred stock over the carrying value 0 0 (2,541,000) 0
Net income available to common stockholders 72,013,000 45,555,000 149,994,000 104,918,000
Comprehensive income 78,005,000 51,287,000 162,701,000 116,639,000
Comprehensive income attributable to noncontrolling interest (4,850,000) (3,703,000) (9,848,000) (7,794,000)
Comprehensive income attributable to controlling interest $ 73,155,000 $ 47,584,000 $ 152,853,000 $ 108,845,000
Basic:        
Net income available to common stockholders (in dollars per share) $ 1.10 $ 0.70 $ 2.29 $ 1.63
Weighted average number of shares outstanding during the period (in shares) 65,451,110 64,810,184 65,428,382 64,499,545
Diluted:        
Net income available to common stockholders (in dollars per share) $ 1.10 $ 0.70 $ 2.29 $ 1.62
Weighted average number of shares outstanding during the period (in shares) 65,575,378 64,972,852 65,558,811 64,677,521
Dividends per common share (in dollars per share) $ 1.60 $ 1.44 $ 3.2 $ 2.88
Essex Portfolio, L.P. [Member]        
Revenues:        
Rental and other property $ 319,562,000 $ 294,101,000 $ 631,740,000 $ 574,330,000
Management and other fees from affiliates 2,028,000 2,061,000 4,052,000 4,705,000
Total revenues 321,590,000 296,162,000 635,792,000 579,035,000
Expenses:        
Property operating, excluding real estate taxes 61,538,000 57,400,000 121,609,000 113,019,000
Real estate taxes 34,541,000 32,677,000 68,960,000 64,229,000
Depreciation and amortization 109,673,000 113,731,000 219,380,000 220,638,000
General and administrative 9,698,000 9,549,000 18,880,000 20,094,000
Merger and integration expenses 0 1,410,000 0 3,798,000
Acquisition and investment related costs 267,000 429,000 1,095,000 976,000
Total expenses 215,717,000 215,196,000 429,924,000 422,754,000
Earnings from operations 105,873,000 80,966,000 205,868,000 156,281,000
Interest expense (55,568,000) (50,802,000) (108,034,000) (98,348,000)
Total return swap income 2,814,000 0 5,937,000 0
Interest and other income 9,409,000 3,254,000 14,617,000 7,453,000
Equity income in co-investments 14,296,000 4,472,000 29,364,000 8,783,000
Gain on sale of real estate and land 0 0 20,258,000 7,112,000
Deferred tax expense on gain on sale of real estate and land 0 0 (4,279,000) 0
Gain on remeasurement of co-investment 0 12,652,000 0 34,014,000
Net income 76,824,000 50,542,000 163,731,000 115,295,000
Net income attributable to noncontrolling interest (2,361,000) (2,141,000) (4,648,000) (4,154,000)
Net income attributable to controlling interest 74,463,000 48,401,000 159,083,000 111,141,000
Dividends to preferred stockholders 0 (1,313,000) (1,314,000) (2,627,000)
Excess of redemption value of preferred stock over the carrying value 0 0 (2,541,000) 0
Net income available to common stockholders 74,463,000 47,088,000 155,228,000 108,514,000
Comprehensive income 78,005,000 51,287,000 162,701,000 116,639,000
Comprehensive income attributable to noncontrolling interest (2,361,000) (2,141,000) (4,648,000) (4,154,000)
Comprehensive income attributable to controlling interest $ 75,644,000 $ 49,146,000 $ 158,053,000 $ 112,485,000
Basic:        
Net income available to common stockholders (in dollars per share) $ 1.10 $ 0.70 $ 2.29 $ 1.63
Weighted average number of shares outstanding during the period (in shares) 67,675,038 66,992,209 67,654,279 66,682,708
Diluted:        
Net income available to common stockholders (in dollars per share) $ 1.10 $ 0.70 $ 2.29 $ 1.62
Weighted average number of shares outstanding during the period (in shares) 67,799,306 67,154,877 67,784,708 66,860,684
Dividends per common share (in dollars per share) $ 1.6 $ 1.44 $ 3.2 $ 2.88