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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Rental and other property $ 327,078,000 $ 302,522,000 $ 958,818,000 $ 876,852,000
Management and other fees from affiliates 2,093,000 2,104,000 6,145,000 6,809,000
Total revenues 329,171,000 304,626,000 964,963,000 883,661,000
Expenses:        
Property operating, excluding real estate taxes 63,781,000 60,528,000 185,390,000 173,547,000
Real estate taxes 35,580,000 33,591,000 104,540,000 97,820,000
Depreciation and amortization 110,467,000 116,308,000 329,847,000 336,946,000
General and administrative 9,647,000 11,129,000 28,527,000 31,223,000
Merger and integration expenses 0 0 0 3,798,000
Acquisition and investment related costs 284,000 381,000 1,379,000 1,357,000
Total expenses 219,759,000 221,937,000 649,683,000 644,691,000
Earnings from operations 109,412,000 82,689,000 315,280,000 238,970,000
Interest expense (56,693,000) (50,053,000) (164,727,000) (148,401,000)
Total return swap income 3,143,000 0 9,080,000 0
Interest and other income 4,943,000 7,367,000 19,560,000 14,820,000
Equity income in co-investments 9,568,000 7,179,000 38,932,000 15,962,000
Loss on early retirement of debt (211,000) 0 (211,000) 0
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 0 0 34,014,000
Net income 70,162,000 47,182,000 233,893,000 162,477,000
Net income attributable to noncontrolling interest (4,601,000) (3,545,000) (14,483,000) (11,295,000)
Net income attributable to controlling interest 65,561,000 43,637,000 219,410,000 151,182,000
Dividends to preferred stockholders 0 (1,314,000) (1,314,000) (3,941,000)
Excess of redemption value of preferred stock over the carrying value 0 0 (2,541,000) 0
Net income available to common stockholders 65,561,000 42,323,000 215,555,000 147,241,000
Comprehensive income 73,173,000 46,970,000 235,874,000 163,609,000
Comprehensive income attributable to noncontrolling interest (4,700,000) (3,538,000) (14,548,000) (11,332,000)
Comprehensive income attributable to controlling interest $ 68,473,000 $ 43,432,000 $ 221,326,000 $ 152,277,000
Basic:        
Net income available to common stockholders (in dollars per share) $ 1.00 $ 0.65 $ 3.29 $ 2.28
Weighted average number of shares outstanding during the period (in shares) 65,507,669 65,138,868 65,455,004 64,714,994
Diluted:        
Net income available to common stockholders (in dollars per share) $ 1.00 $ 0.65 $ 3.29 $ 2.27
Weighted average number of shares outstanding during the period (in shares) 65,617,551 65,297,550 65,578,661 64,892,770
Dividends per common share (in dollars per share) $ 1.60 $ 1.44 $ 4.8 $ 4.32
Essex Portfolio, L.P. [Member]        
Revenues:        
Rental and other property $ 327,078,000 $ 302,522,000 $ 958,818,000 $ 876,852,000
Management and other fees from affiliates 2,093,000 2,104,000 6,145,000 6,809,000
Total revenues 329,171,000 304,626,000 964,963,000 883,661,000
Expenses:        
Property operating, excluding real estate taxes 63,781,000 60,528,000 185,390,000 173,547,000
Real estate taxes 35,580,000 33,591,000 104,540,000 97,820,000
Depreciation and amortization 110,467,000 116,308,000 329,847,000 336,946,000
General and administrative 9,647,000 11,129,000 28,527,000 31,223,000
Merger and integration expenses 0 0 0 3,798,000
Acquisition and investment related costs 284,000 381,000 1,379,000 1,357,000
Total expenses 219,759,000 221,937,000 649,683,000 644,691,000
Earnings from operations 109,412,000 82,689,000 315,280,000 238,970,000
Interest expense (56,693,000) (50,053,000) (164,727,000) (148,401,000)
Total return swap income 3,143,000 0 9,080,000 0
Interest and other income 4,943,000 7,367,000 19,560,000 14,820,000
Equity income in co-investments 9,568,000 7,179,000 38,932,000 15,962,000
Loss on early retirement of debt (211,000) 0 (211,000) 0
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 0 0 34,014,000
Net income 70,162,000 47,182,000 233,893,000 162,477,000
Net income attributable to noncontrolling interest (2,378,000) (2,074,000) (7,026,000) (6,180,000)
Net income attributable to controlling interest 67,784,000 45,108,000 226,867,000 156,297,000
Dividends to preferred stockholders 0 (1,314,000) (1,314,000) (3,941,000)
Excess of redemption value of preferred stock over the carrying value 0 0 (2,541,000) 0
Net income available to common stockholders 67,784,000 43,794,000 223,012,000 152,356,000
Comprehensive income 73,173,000 46,970,000 235,874,000 163,609,000
Comprehensive income attributable to noncontrolling interest (2,378,000) (2,074,000) (7,026,000) (6,180,000)
Comprehensive income attributable to controlling interest $ 70,795,000 $ 44,896,000 $ 228,848,000 $ 157,429,000
Basic:        
Net income available to common stockholders (in dollars per share) $ 1.00 $ 0.65 $ 3.30 $ 2.28
Weighted average number of shares outstanding during the period (in shares) 67,728,621 67,316,498 67,679,240 66,896,293
Diluted:        
Net income available to common stockholders (in dollars per share) $ 1.00 $ 0.65 $ 3.29 $ 2.27
Weighted average number of shares outstanding during the period (in shares) 67,838,503 67,475,180 67,802,897 67,074,069
Dividends per common share (in dollars per share) $ 1.6 $ 1.44 $ 4.8 $ 4.32