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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Revenues $ 1,400,053 $ 1,363,899 $ 1,294,001
Expenses:      
Property operating, excluding real estate taxes 233,809 229,076 219,655
Real estate taxes 151,525 146,310 139,162
Corporate-level property management expenses 31,062 30,156 30,110
Depreciation and amortization 479,884 468,881 441,682
General and administrative 53,451 41,385 40,751
Expensed acquisition and investment related costs 194 1,569 1,841
Total expenses 949,925 917,377 873,201
Earnings from operations 450,128 446,522 420,800
Interest expense (220,492) (222,894) (219,654)
Total return swap income 8,707 10,098 11,716
Interest and other income 23,010 24,604 27,305
Equity income from co-investments 89,132 86,445 48,698
Loss on early retirement of debt 0 (1,796) (606)
Gain on sale of real estate and land 61,861 26,423 154,561
Deferred tax expense on gain on sale of real estate and land 0 0 (4,410)
Gain on remeasurement of co-investment 1,253 88,641 0
Net income 413,599 458,043 438,410
Net income attributable to noncontrolling interest (23,446) (24,984) (23,431)
Net income attributable to controlling interest 390,153 433,059 414,979
Dividends to preferred stockholders 0 0 (1,314)
Excess of redemption value of preferred stock over the carrying value 0 0 (2,541)
Net income available to common stockholders $ 390,153 $ 433,059 $ 411,124
Basic:      
Net income available to common stockholders/unitholders (in dollars per share) $ 5.91 $ 6.58 $ 6.28
Weighted average number of shares/units outstanding during the year (in shares) 66,041,058 65,829,155 65,471,540
Diluted:      
Net income available to common stockholders/unitholders (in dollars per share) $ 5.90 $ 6.57 $ 6.27
Weighted average number of shares/units outstanding during the year (in shares) 66,085,089 65,898,255 65,587,816
Essex Portfolio, L.P. [Member]      
Revenues:      
Revenues $ 1,400,053 $ 1,363,899 $ 1,294,001
Expenses:      
Property operating, excluding real estate taxes 233,809 229,076 219,655
Real estate taxes 151,525 146,310 139,162
Corporate-level property management expenses 31,062 30,156 30,110
Depreciation and amortization 479,884 468,881 441,682
General and administrative 53,451 41,385 40,751
Expensed acquisition and investment related costs 194 1,569 1,841
Total expenses 949,925 917,377 873,201
Earnings from operations 450,128 446,522 420,800
Interest expense (220,492) (222,894) (219,654)
Total return swap income 8,707 10,098 11,716
Interest and other income 23,010 24,604 27,305
Equity income from co-investments 89,132 86,445 48,698
Loss on early retirement of debt 0 (1,796) (606)
Gain on sale of real estate and land 61,861 26,423 154,561
Deferred tax expense on gain on sale of real estate and land 0 0 (4,410)
Gain on remeasurement of co-investment 1,253 88,641 0
Net income 413,599 458,043 438,410
Net income attributable to noncontrolling interest (9,994) (10,159) (9,342)
Net income attributable to controlling interest 403,605 447,884 429,068
Dividends to preferred stockholders 0 0 (1,314)
Excess of redemption value of preferred stock over the carrying value 0 0 (2,541)
Net income available to common stockholders $ 403,605 $ 447,884 $ 425,213
Basic:      
Net income available to common stockholders/unitholders (in dollars per share) $ 5.91 $ 6.58 $ 6.28
Weighted average number of shares/units outstanding during the year (in shares) 68,315,999 68,081,730 67,695,640
Diluted:      
Net income available to common stockholders/unitholders (in dollars per share) $ 5.90 $ 6.57 $ 6.27
Weighted average number of shares/units outstanding during the year (in shares) 68,360,030 68,150,830 67,811,916
Rental and other property [Member]      
Revenues:      
Revenues $ 1,390,870 $ 1,354,325 $ 1,285,723
Rental and other property [Member] | Essex Portfolio, L.P. [Member]      
Revenues:      
Revenues 1,390,870 1,354,325 1,285,723
Management and other fees from affiliates [Member]      
Revenues:      
Revenues 9,183 9,574 8,278
Management and other fees from affiliates [Member] | Essex Portfolio, L.P. [Member]      
Revenues:      
Revenues $ 9,183 $ 9,574 $ 8,278