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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Total revenues $ 348,723 $ 339,062 $ 695,978 $ 674,466
Expenses:        
Property operating, excluding real estate taxes 58,156 55,859 115,406 111,995
Real estate taxes 35,990 34,884 73,703 70,752
Corporate-level property management expenses 7,782 7,522 15,552 15,031
Depreciation and amortization 119,330 117,939 238,435 233,442
General and administrative 11,125 10,337 25,938 20,938
Expensed acquisition and investment related costs 68 274 125 830
Total expenses 232,451 226,815 469,159 452,988
Earnings from operations 116,272 112,247 226,819 221,478
Interest expense (56,278) (56,812) (111,139) (111,395)
Total return swap income 2,228 2,531 4,498 5,115
Interest and other income 6,895 5,362 12,804 12,126
Equity income from co-investments 15,049 10,308 47,823 21,207
Gain on sale of real estate and land 22,244 0 22,244 26,174
Gain on remeasurement of co-investment 0 2,159 0 88,641
Net income 106,410 75,795 203,049 263,346
Net income attributable to noncontrolling interest (5,970) (5,036) (11,691) (13,623)
Net income available to common stockholders 100,440 70,759 191,358 249,723
Comprehensive income 109,793 77,468 212,608 267,232
Comprehensive income attributable to noncontrolling interest (6,082) (5,091) (12,008) (13,752)
Comprehensive income attributable to controlling interest $ 103,711 $ 72,377 $ 200,600 $ 253,480
Basic:        
Net income available to common stockholders/unitholders (in dollars per share) $ 1.52 $ 1.08 $ 2.90 $ 3.80
Weighted average number of shares/common units outstanding during the period (in shares) 66,047,751 65,729,074 66,045,897 65,639,775
Diluted:        
Net income available to common stockholders/unitholders (in dollars per share) $ 1.52 $ 1.08 $ 2.90 $ 3.80
Weighted average number of shares/common units outstanding during the period (in shares) 66,096,349 65,819,694 66,088,803 65,942,018
Dividends/Distributions per common share/unit (in dollars per share) $ 1.86 $ 1.75 $ 3.72 $ 3.5
Rental and Other Property Revenues [Member]        
Revenues:        
Total revenues $ 346,526 $ 336,766 $ 691,473 $ 669,934
Management and Other Fees From Affiliates Income [Member]        
Revenues:        
Total revenues 2,197 2,296 4,505 4,532
Essex Portfolio, L.P. [Member]        
Revenues:        
Total revenues 348,723 339,062 695,978 674,466
Expenses:        
Property operating, excluding real estate taxes 58,156 55,859 115,406 111,995
Real estate taxes 35,990 34,884 73,703 70,752
Corporate-level property management expenses 7,782 7,522 15,552 15,031
Depreciation and amortization 119,330 117,939 238,435 233,442
General and administrative 11,125 10,337 25,938 20,938
Expensed acquisition and investment related costs 68 274 125 830
Total expenses 232,451 226,815 469,159 452,988
Earnings from operations 116,272 112,247 226,819 221,478
Interest expense (56,278) (56,812) (111,139) (111,395)
Total return swap income 2,228 2,531 4,498 5,115
Interest and other income 6,895 5,362 12,804 12,126
Equity income from co-investments 15,049 10,308 47,823 21,207
Gain on sale of real estate and land 22,244 0 22,244 26,174
Gain on remeasurement of co-investment 0 2,159 0 88,641
Net income 106,410 75,795 203,049 263,346
Net income attributable to noncontrolling interest (2,510) (2,614) (5,099) (5,055)
Net income available to common stockholders 103,900 73,181 197,950 258,291
Comprehensive income 109,793 77,468 212,608 267,232
Comprehensive income attributable to noncontrolling interest (2,510) (2,614) (5,099) (5,055)
Comprehensive income attributable to controlling interest $ 107,283 $ 74,854 $ 207,509 $ 262,177
Basic:        
Net income available to common stockholders/unitholders (in dollars per share) $ 1.52 $ 1.08 $ 2.90 $ 3.80
Weighted average number of shares/common units outstanding during the period (in shares) 68,320,849 67,980,761 68,319,151 67,891,734
Diluted:        
Net income available to common stockholders/unitholders (in dollars per share) $ 1.52 $ 1.08 $ 2.90 $ 3.80
Weighted average number of shares/common units outstanding during the period (in shares) 68,369,447 68,071,381 68,362,057 68,193,977
Dividends/Distributions per common share/unit (in dollars per share) $ 1.86 $ 1.75 $ 3.72 $ 3.5
Essex Portfolio, L.P. [Member] | Rental and Other Property Revenues [Member]        
Revenues:        
Total revenues $ 346,526 $ 336,766 $ 691,473 $ 669,934
Essex Portfolio, L.P. [Member] | Management and Other Fees From Affiliates Income [Member]        
Revenues:        
Total revenues $ 2,197 $ 2,296 $ 4,505 $ 4,532