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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 361,635 $ 348,723 $ 717,858 $ 695,978
Expenses:        
Property operating, excluding real estate taxes 59,162 58,111 118,060 115,361
Real estate taxes 36,285 36,035 75,703 73,748
Corporate-level property management expenses 8,212 7,782 16,365 15,552
Depreciation and amortization 119,465 119,330 240,033 238,435
General and administrative 13,927 11,125 27,386 25,938
Expensed acquisition and investment related costs 24 68 56 125
Total expenses 237,075 232,451 477,603 469,159
Gain on sale of real estate and land 0 22,244 0 22,244
Earnings from operations 124,560 138,516 240,255 249,063
Interest expense (54,112) (56,278) (107,755) (111,139)
Total return swap income 1,975 2,228 4,020 4,498
Interest and other income 8,347 6,895 20,608 12,804
Equity income from co-investments 16,959 15,049 33,235 47,823
Gain on early retirement of debt, net 332 0 1,668 0
Gain on remeasurement of co-investment 0 0 31,535 0
Net income 98,061 106,410 223,566 203,049
Net income attributable to noncontrolling interest (5,786) (5,970) (12,433) (11,691)
Net income available to common stockholders 92,275 100,440 211,133 191,358
Comprehensive income 93,740 109,793 217,408 212,608
Comprehensive income attributable to noncontrolling interest (5,640) (6,082) (12,225) (12,008)
Comprehensive income attributable to controlling interest $ 88,100 $ 103,711 $ 205,183 $ 200,600
Basic:        
Net income available to common stockholders/unitholders (in dollars per share) $ 1.40 $ 1.52 $ 3.21 $ 2.90
Weighted average number of shares/common units outstanding during the period (in shares) 65,718,806 66,047,751 65,710,842 66,045,897
Diluted:        
Net income available to common stockholders/unitholders (in dollars per share) $ 1.40 $ 1.52 $ 3.21 $ 2.90
Weighted average number of shares/common units outstanding during the period (in shares) 65,821,815 66,096,349 65,802,417 66,088,803
Rental and Other Property Revenues [Member]        
Revenues:        
Total revenues $ 359,375 $ 346,526 $ 713,263 $ 691,473
Management and Other Fees From Affiliates Income [Member]        
Revenues:        
Total revenues 2,260 2,197 4,595 4,505
Essex Portfolio, L.P. [Member]        
Revenues:        
Total revenues 361,635 348,723 717,858 695,978
Expenses:        
Property operating, excluding real estate taxes 59,162 58,111 118,060 115,361
Real estate taxes 36,285 36,035 75,703 73,748
Corporate-level property management expenses 8,212 7,782 16,365 15,552
Depreciation and amortization 119,465 119,330 240,033 238,435
General and administrative 13,927 11,125 27,386 25,938
Expensed acquisition and investment related costs 24 68 56 125
Total expenses 237,075 232,451 477,603 469,159
Gain on sale of real estate and land 0 22,244 0 22,244
Earnings from operations 124,560 138,516 240,255 249,063
Interest expense (54,112) (56,278) (107,755) (111,139)
Total return swap income 1,975 2,228 4,020 4,498
Interest and other income 8,347 6,895 20,608 12,804
Equity income from co-investments 16,959 15,049 33,235 47,823
Gain on early retirement of debt, net 332 0 1,668 0
Gain on remeasurement of co-investment 0 0 31,535 0
Net income 98,061 106,410 223,566 203,049
Net income attributable to noncontrolling interest (2,558) (2,510) (5,034) (5,099)
Net income available to common stockholders 95,503 103,900 218,532 197,950
Comprehensive income 93,740 109,793 217,408 212,608
Comprehensive income attributable to noncontrolling interest (2,558) (2,510) (5,034) (5,099)
Comprehensive income attributable to controlling interest $ 91,182 $ 107,283 $ 212,374 $ 207,509
Basic:        
Net income available to common stockholders/unitholders (in dollars per share) $ 1.40 $ 1.52 $ 3.21 $ 2.90
Weighted average number of shares/common units outstanding during the period (in shares) 68,018,090 68,320,849 68,012,999 68,319,151
Diluted:        
Net income available to common stockholders/unitholders (in dollars per share) $ 1.40 $ 1.52 $ 3.21 $ 2.90
Weighted average number of shares/common units outstanding during the period (in shares) 68,121,099 68,369,447 68,104,574 68,362,057
Essex Portfolio, L.P. [Member] | Rental and Other Property Revenues [Member]        
Revenues:        
Total revenues $ 359,375 $ 346,526 $ 713,263 $ 691,473
Essex Portfolio, L.P. [Member] | Management and Other Fees From Affiliates Income [Member]        
Revenues:        
Total revenues $ 2,260 $ 2,197 $ 4,595 $ 4,505