Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2016

Essex Property Trust, Inc.

The following is a summary of quarterly results of operations for 2016 and 2015 ($ in thousands, except per share and dividend amounts):



	Quarter ended December 31		Quarter ended September 30		Quarter ended June 30		Quarter ended March 31
2016:
Total property revenues	$	326,905	$	327,078	$	319,562	$	312,178
Net income	$	204,517	$	70,162	$	76,824	$	86,907
Net income available to common stockholders	$	195,569	$	65,561	$	72,013	$	77,981
Per share data:
Net income:
Basic ⁽¹⁾	$	2.98	$	1.00	$	1.10	$	1.19
Diluted ⁽¹⁾	$	2.98	$	1.00	$	1.10	$	1.19
Market price:
High	$	234.07	$	236.56	$	237.50	$	240.55
Low	$	200.01	$	217.16	$	207.20	$	191.25
Close	$	232.50	$	222.70	$	228.09	$	233.86
Dividends declared	$	1.60	$	1.60	$	1.60	$	1.60
2015:
Total property revenues	$	308,646	$	302,522	$	294,101	$	280,229
Net income	$	85,762	$	47,182	$	50,542	$	64,753
Net income available to common stockholders	$	79,624	$	42,323	$	45,555	$	59,363
Per share data:
Net income:
Basic ⁽¹⁾	$	1.22	$	0.65	$	0.70	$	0.92
Diluted ⁽¹⁾	$	1.22	$	0.65	$	0.70	$	0.92
Market price:
High	$	244.71	$	232.20	$	231.90	$	243.17
Low	$	214.29	$	205.72	$	208.85	$	207.26
Close	$	239.41	$	223.42	$	212.50	$	229.90
Dividends declared	$	1.44	$	1.44	$	1.44	$	1.44


⁽¹⁾	Quarterly earnings per common unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common units outstanding and included in the calculation of basic and diluted shares.

Essex Portfolio, L.P.

The following is a summary of quarterly results of operations for 2016 and 2015 ($ in thousands, except per unit and distribution amounts):



	Quarter ended December 31		Quarter ended September 30		Quarter ended June 30		Quarter ended March 31
2016:
Total property revenues	$	326,905	$	327,078	$	319,562	$	312,178
Net income	$	204,517	$	70,162	$	76,824	$	86,907
Net income available to common unitholders	$	202,201	$	67,784	$	74,463	$	80,765
Per unit data:
Net income:
Basic ⁽¹⁾	$	2.98	$	1.00	$	1.10	$	1.19
Diluted ⁽¹⁾	$	2.98	$	1.00	$	1.10	$	1.19
Distributions declared	$	1.60	$	1.60	$	1.60	$	1.60
2015:
Total property revenues	$	308,646	$	302,522	$	294,101	$	280,229
Net income	$	85,762	$	47,182	$	50,542	$	64,753
Net income available to common unitholders	$	82,333	$	43,794	$	47,088	$	61,474
Per unit data:
Net income:
Basic ⁽¹⁾	$	1.22	$	0.65	$	0.70	$	0.93
Diluted ⁽¹⁾	$	1.22	$	0.65	$	0.70	$	0.92
Distributions declared	$	1.44	$	1.44	$	1.44	$	1.44


⁽¹⁾	Quarterly earnings per common unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common units outstanding and included in the calculation of basic and diluted shares.