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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 350,917 $ 344,369 $ 1,046,895 $ 1,018,835
Expenses:        
Property operating, excluding real estate taxes 59,100 59,033 174,506 171,028
Real estate taxes 38,675 37,531 112,378 108,283
Corporate-level property management expenses 7,761 7,573 23,313 22,604
Depreciation and amortization 120,852 117,451 359,287 350,893
General and administrative 10,601 9,788 36,539 30,726
Expensed acquisition and investment related costs 31 324 156 1,154
Total expenses 237,020 231,700 706,179 684,688
Earnings from operations 113,897 112,669 340,716 334,147
Interest expense (55,196) (55,938) (166,335) (167,333)
Total return swap income 2,184 2,538 6,682 7,653
Interest and other income 8,437 5,790 21,241 17,916
Equity income from co-investments 16,788 19,727 64,611 40,934
Gain on sale of real estate and land 0 249 22,244 26,423
Gain on remeasurement of co-investment 0 0 0 88,641
Net income 86,110 85,035 289,159 348,381
Net income attributable to noncontrolling interest (5,135) (5,312) (16,826) (18,935)
Net income available to common stockholders 80,975 79,723 272,333 329,446
Comprehensive income 89,100 88,870 301,708 356,102
Comprehensive income attributable to noncontrolling interest (5,235) (5,438) (17,243) (19,190)
Comprehensive income attributable to controlling interest $ 83,865 $ 83,432 $ 284,465 $ 336,912
Basic:        
Net income available to common stockholders/unitholders (in dollars per share) $ 1.23 $ 1.21 $ 4.12 $ 5.01
Weighted average number of shares/common units outstanding during the period (in shares) 66,052,108 65,994,896 66,047,990 65,759,450
Diluted:        
Net income available to common stockholders/unitholders (in dollars per share) $ 1.22 $ 1.21 $ 4.12 $ 5.00
Weighted average number of shares/common units outstanding during the period (in shares) 66,103,812 66,078,283 66,093,004 65,836,965
Dividends/Distributions per common share/unit (in dollars per share) $ 1.86 $ 1.75 $ 5.58 $ 5.25
Rental and Other Property Revenues [Member]        
Revenues:        
Total revenues $ 348,610 $ 341,974 $ 1,040,083 $ 1,011,908
Management and Other Fees From Affiliates Income [Member]        
Revenues:        
Total revenues 2,307 2,395 6,812 6,927
Essex Portfolio, L.P. [Member]        
Revenues:        
Total revenues 350,917 344,369 1,046,895 1,018,835
Expenses:        
Property operating, excluding real estate taxes 59,100 59,033 174,506 171,028
Real estate taxes 38,675 37,531 112,378 108,283
Corporate-level property management expenses 7,761 7,573 23,313 22,604
Depreciation and amortization 120,852 117,451 359,287 350,893
General and administrative 10,601 9,788 36,539 30,726
Expensed acquisition and investment related costs 31 324 156 1,154
Total expenses 237,020 231,700 706,179 684,688
Earnings from operations 113,897 112,669 340,716 334,147
Interest expense (55,196) (55,938) (166,335) (167,333)
Total return swap income 2,184 2,538 6,682 7,653
Interest and other income 8,437 5,790 21,241 17,916
Equity income from co-investments 16,788 19,727 64,611 40,934
Gain on sale of real estate and land 0 249 22,244 26,423
Gain on remeasurement of co-investment 0 0 0 88,641
Net income 86,110 85,035 289,159 348,381
Net income attributable to noncontrolling interest (2,346) (2,591) (7,445) (7,646)
Net income available to common stockholders 83,764 82,444 281,714 340,735
Comprehensive income 89,100 88,870 301,708 356,102
Comprehensive income attributable to noncontrolling interest (2,346) (2,591) (7,445) (7,646)
Comprehensive income attributable to controlling interest $ 86,754 $ 86,279 $ 294,263 $ 348,456
Basic:        
Net income available to common stockholders/unitholders (in dollars per share) $ 1.23 $ 1.21 $ 4.12 $ 5.01
Weighted average number of shares/common units outstanding during the period (in shares) 68,325,091 68,246,008 68,321,153 68,011,123
Diluted:        
Net income available to common stockholders/unitholders (in dollars per share) $ 1.23 $ 1.21 $ 4.12 $ 5.00
Weighted average number of shares/common units outstanding during the period (in shares) 68,376,795 68,329,395 68,366,167 68,088,638
Dividends/Distributions per common share/unit (in dollars per share) $ 1.86 $ 1.75 $ 5.58 $ 5.25
Essex Portfolio, L.P. [Member] | Rental and Other Property Revenues [Member]        
Revenues:        
Total revenues $ 348,610 $ 341,974 $ 1,040,083 $ 1,011,908
Essex Portfolio, L.P. [Member] | Management and Other Fees From Affiliates Income [Member]        
Revenues:        
Total revenues $ 2,307 $ 2,395 $ 6,812 $ 6,927