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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Rental and other property $ 333,168 $ 312,178
Management and other fees from affiliates 2,236 2,024
Total revenues 335,404 314,202
Expenses:    
Property operating, excluding real estate taxes 63,645 60,071
Real estate taxes 35,868 34,419
Depreciation and amortization 115,503 109,707
General and administrative 10,601 9,182
Acquisition and investment related costs 556 828
Total expenses 226,173 214,207
Earnings from operations 109,231 99,995
Interest expense (54,583) (52,466)
Total return swap income 2,584 3,123
Interest and other income 6,764 5,208
Equity income from co-investments 10,899 15,068
Gain on sale of real estate and land 26,174 20,258
Deferred tax expense on gain on sale of real estate and land 0 (4,279)
Gain on remeasurement of co-investment 86,482 0
Net income 187,551 86,907
Net income attributable to noncontrolling interest (8,587) (5,071)
Net income attributable to controlling interest 178,964 81,836
Dividends to preferred stockholders 0 (1,314)
Excess of redemption value of preferred stock over the carrying value 0 (2,541)
Net income available to common stockholders 178,964 77,981
Comprehensive income 189,764 84,696
Comprehensive income attributable to noncontrolling interest (8,661) (4,998)
Comprehensive income attributable to controlling interest $ 181,103 $ 79,698
Basic:    
Net income available to common stockholders (in dollars per share) $ 2.73 $ 1.19
Weighted average number of shares outstanding during the period (in shares) 65,549,484 65,405,654
Diluted:    
Net income available to common stockholders (in dollars per share) $ 2.72 $ 1.19
Weighted average number of shares outstanding during the period (in shares) 65,859,490 65,557,639
Dividends per common share (in dollars per share) $ 1.75 $ 1.60
Essex Portfolio, L.P. [Member]    
Revenues:    
Rental and other property $ 333,168 $ 312,178
Management and other fees from affiliates 2,236 2,024
Total revenues 335,404 314,202
Expenses:    
Property operating, excluding real estate taxes 63,645 60,071
Real estate taxes 35,868 34,419
Depreciation and amortization 115,503 109,707
General and administrative 10,601 9,182
Acquisition and investment related costs 556 828
Total expenses 226,173 214,207
Earnings from operations 109,231 99,995
Interest expense (54,583) (52,466)
Total return swap income 2,584 3,123
Interest and other income 6,764 5,208
Equity income from co-investments 10,899 15,068
Gain on sale of real estate and land 26,174 20,258
Deferred tax expense on gain on sale of real estate and land 0 (4,279)
Gain on remeasurement of co-investment 86,482 0
Net income 187,551 86,907
Net income attributable to noncontrolling interest (2,441) (2,287)
Net income attributable to controlling interest 185,110 84,620
Dividends to preferred stockholders 0 (1,314)
Excess of redemption value of preferred stock over the carrying value 0 (2,541)
Net income available to common stockholders 185,110 80,765
Comprehensive income 189,764 84,696
Comprehensive income attributable to noncontrolling interest (2,441) (2,287)
Comprehensive income attributable to controlling interest $ 187,323 $ 82,409
Basic:    
Net income available to common stockholders (in dollars per share) $ 2.73 $ 1.19
Weighted average number of shares outstanding during the period (in shares) 67,801,718 67,633,519
Diluted:    
Net income available to common stockholders (in dollars per share) $ 2.72 $ 1.19
Weighted average number of shares outstanding during the period (in shares) 68,111,724 67,785,504
Dividends per common share (in dollars per share) $ 1.75 $ 1.60