Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2018

Essex Property Trust, Inc.

The following is a summary of quarterly results of operations for 2018 and 2017 ($ in thousands, except per share and dividend amounts):



	Quarter ended December 31		Quarter ended September 30		Quarter ended June 30		Quarter ended March 31
2018:
Total property revenues	$	350,787	$	348,610	$	346,526	$	344,947
Net income	$	124,440	$	86,110	$	106,410	$	96,639
Net income available to common stockholders	$	117,820	$	80,975	$	100,440	$	90,918
Per share data:
Net income:
Basic ⁽¹⁾	$	1.78	$	1.23	$	1.52	$	1.38
Diluted ⁽¹⁾	$	1.78	$	1.22	$	1.52	$	1.38
Dividends declared	$	1.86	$	1.86	$	1.86	$	1.86
2017:
Total property revenues	$	342,417	$	341,974	$	336,766	$	333,168
Net income	$	109,662	$	85,035	$	75,795	$	187,551
Net income available to common stockholders	$	103,613	$	79,723	$	70,759	$	178,964
Per share data:
Net income:
Basic ⁽¹⁾	$	1.57	$	1.21	$	1.08	$	2.73
Diluted ⁽¹⁾	$	1.57	$	1.21	$	1.08	$	2.72
Dividends declared	$	1.75	$	1.75	$	1.75	$	1.75


⁽¹⁾	Quarterly earnings per common unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common units outstanding and included in the calculation of basic and diluted shares.

Essex Portfolio, L.P.

The following is a summary of quarterly results of operations for 2018 and 2017 ($ in thousands, except per unit and distribution amounts):



	Quarter ended December 31		Quarter ended September 30		Quarter ended June 30		Quarter ended March 31
2018:
Total property revenues	$	350,787	$	348,610	$	346,526	$	344,947
Net income	$	124,440	$	86,110	$	106,410	$	96,639
Net income available to common unitholders	$	121,891	$	83,764	$	103,900	$	94,050
Per unit data:
Net income:
Basic ⁽¹⁾	$	1.78	$	1.23	$	1.52	$	1.38
Diluted ⁽¹⁾	$	1.78	$	1.23	$	1.52	$	1.38
Distributions declared	$	1.86	$	1.86	$	1.86	$	1.86
2017:
Total property revenues	$	342,417	$	341,974	$	336,766	$	333,168
Net income	$	109,662	$	85,035	$	75,795	$	187,551
Net income available to common unitholders	$	107,149	$	82,444	$	73,181	$	185,110
Per unit data:
Net income:
Basic ⁽¹⁾	$	1.57	$	1.21	$	1.08	$	2.73
Diluted ⁽¹⁾	$	1.57	$	1.21	$	1.08	$	2.72
Distributions declared	$	1.75	$	1.75	$	1.75	$	1.75


⁽¹⁾	Quarterly earnings per common unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common units outstanding and included in the calculation of basic and diluted shares.