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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Rental and other property $ 344,947 $ 333,168
Management and other fees from affiliates 2,308 2,236
Revenues 347,255 335,404
Expenses:    
Property operating, excluding real estate taxes 57,250 56,136
Real estate taxes 37,713 35,868
Corporate-level property management expenses 7,770 7,509
Depreciation and amortization 119,105 115,503
General and administrative 14,813 10,601
Expensed acquisition and investment related costs 57 556
Total expenses 236,708 226,173
Earnings from operations 110,547 109,231
Interest expense (54,861) (54,583)
Total return swap income 2,270 2,584
Interest and other income 5,909 6,764
Equity income from co-investments 32,774 10,899
Gain on sale of real estate and land 0 26,174
Gain on remeasurement of co-investment 0 86,482
Net income 96,639 187,551
Net income attributable to noncontrolling interest (5,721) (8,587)
Net income available to common stockholders 90,918 178,964
Comprehensive income 102,815 189,764
Comprehensive income attributable to noncontrolling interest (5,926) (8,661)
Comprehensive income attributable to controlling interest $ 96,889 $ 181,103
Basic:    
Net income available to common stockholders/unitholders (in dollars per share) $ 1.38 $ 2.73
Weighted average number of shares/common units outstanding during the period (in shares) 66,044,022 65,549,484
Diluted:    
Net income available to common stockholders/unitholders (in dollars per share) $ 1.38 $ 2.72
Weighted average number of shares/common units outstanding during the period (in shares) 66,082,517 65,859,490
Dividends/Distributions per common share/unit (in dollars per share) $ 1.86 $ 1.75
Essex Portfolio, L.P. [Member]    
Revenues:    
Rental and other property $ 344,947 $ 333,168
Management and other fees from affiliates 2,308 2,236
Revenues 347,255 335,404
Expenses:    
Property operating, excluding real estate taxes 57,250 56,136
Real estate taxes 37,713 35,868
Corporate-level property management expenses 7,770 7,509
Depreciation and amortization 119,105 115,503
General and administrative 14,813 10,601
Expensed acquisition and investment related costs 57 556
Total expenses 236,708 226,173
Earnings from operations 110,547 109,231
Interest expense (54,861) (54,583)
Total return swap income 2,270 2,584
Interest and other income 5,909 6,764
Equity income from co-investments 32,774 10,899
Gain on sale of real estate and land 0 26,174
Gain on remeasurement of co-investment 0 86,482
Net income 96,639 187,551
Net income attributable to noncontrolling interest (2,589) (2,441)
Net income available to common stockholders 94,050 185,110
Comprehensive income 102,815 189,764
Comprehensive income attributable to noncontrolling interest (2,589) (2,441)
Comprehensive income attributable to controlling interest $ 100,226 $ 187,323
Basic:    
Net income available to common stockholders/unitholders (in dollars per share) $ 1.38 $ 2.73
Weighted average number of shares/common units outstanding during the period (in shares) 68,317,435 67,801,718
Diluted:    
Net income available to common stockholders/unitholders (in dollars per share) $ 1.38 $ 2.72
Weighted average number of shares/common units outstanding during the period (in shares) 68,355,930 68,111,724
Dividends/Distributions per common share/unit (in dollars per share) $ 1.86 $ 1.75