XML 19 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statement of Capital - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Jan. 01, 2020
Jan. 01, 2019
Increase (Decrease) in Partners' Capital [Roll Forward]        
Net income $ 328,765 $ 125,505    
Reversal of unrealized gains upon the sale of marketable debt securities   33    
Change in fair value of derivatives and amortization of swap settlements (8,782) (1,993)    
Change in fair value of marketable debt securities, net (305) 123    
Issuance of common stock under:        
Sale of common stock by general partner, net (70) (20)    
Retirement of common units, net (176,311) (56,989)    
Changes in the redemption value of redeemable noncontrolling interest 4,767 (1,767)    
Changes in noncontrolling interest from acquisition 1,349      
Distributions to noncontrolling interest (7,879) (7,164)    
Redemptions (1,368) (12,213)    
ASU 2016-13        
Issuance of common stock under:        
Cumulative effect adjustment     $ (190)  
ASU 2017-12        
Issuance of common stock under:        
Cumulative effect adjustment       $ 181
Essex Portfolio, L.P.        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning 6,403,504 6,393,844    
Net income 328,765 125,505    
Reversal of unrealized gains upon the sale of marketable debt securities   33    
Change in fair value of derivatives and amortization of swap settlements (8,782) (1,993)    
Change in fair value of marketable debt securities, net (305) 123    
Issuance of common stock under:        
General partner's stock based compensation, net 8,665 3,204    
Sale of common stock by general partner, net (70) (20)    
Equity based compensation costs 1,698 2,600    
Retirement of common units, net (176,311) (56,989)    
Changes in the redemption value of redeemable noncontrolling interest 4,767 (1,767)    
Changes in noncontrolling interest from acquisition 1,349      
Distributions to noncontrolling interest (3,107) (2,667)    
Redemptions (1,368) (12,213)    
Distributions declared (140,666) (132,646)    
Balance at period end 6,417,949 6,317,195    
Essex Portfolio, L.P. | ASU 2016-13        
Issuance of common stock under:        
Cumulative effect adjustment     (190)  
Essex Portfolio, L.P. | ASU 2017-12        
Issuance of common stock under:        
Cumulative effect adjustment   181    
Essex Portfolio, L.P. | Common Equity | ASU 2016-13        
Issuance of common stock under:        
Cumulative effect adjustment     (190)  
Essex Portfolio, L.P. | Common Equity | General Partner        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning $ 6,234,315 $ 6,280,290    
Balance at period beginning (in shares) 66,092 65,890    
Net income $ 315,006 $ 118,858    
Issuance of common stock under:        
General partner's stock based compensation, net $ 8,665 $ 3,204    
General partner's stock based compensation, net (in shares) 89 51    
Sale of common stock by general partner, net $ (70) $ (20)    
Sale of common stock by general partner, net (in shares) 0      
Equity based compensation costs $ 1,619 2,301    
Retirement of common units, net $ (176,311) $ (56,989)    
Retirement of common units, net (in shares) (776) (234)    
Changes in the redemption value of redeemable noncontrolling interest $ 4,741 $ (3,027)    
Redemptions $ (1,048) $ (10,394)    
Redemptions (in shares) (7) (9)    
Distributions declared $ (135,894) $ (128,149)    
Balance at period end $ 6,250,833 $ 6,206,074    
Balance at period end (in shares) 65,412 65,716    
Essex Portfolio, L.P. | Common Equity | Limited Partners        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning $ 57,359 $ 59,061    
Balance at period beginning (in shares) 2,302 2,305    
Net income $ 10,986 $ 4,171    
Issuance of common stock under:        
Equity based compensation costs $ 79 $ 299    
Equity based compensation costs (in shares) 2 3    
Changes in the redemption value of redeemable noncontrolling interest $ (18) $ (2)    
Redemptions $ (84) $ (365)    
Redemptions (in shares) (8) (9)    
Distributions declared $ (4,772) $ (4,497)    
Balance at period end $ 63,550 $ 58,667    
Balance at period end (in shares) 2,296 2,299    
Essex Portfolio, L.P. | Accumulated Other Comprehensive Loss        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning $ (10,432) $ (9,738)    
Reversal of unrealized gains upon the sale of marketable debt securities   33    
Change in fair value of derivatives and amortization of swap settlements (8,782) (1,993)    
Change in fair value of marketable debt securities, net (305) 123    
Issuance of common stock under:        
Balance at period end (19,519) (11,394)    
Essex Portfolio, L.P. | Accumulated Other Comprehensive Loss | ASU 2016-13        
Issuance of common stock under:        
Cumulative effect adjustment     $ 0  
Essex Portfolio, L.P. | Accumulated Other Comprehensive Loss | ASU 2017-12        
Issuance of common stock under:        
Cumulative effect adjustment   181    
Essex Portfolio, L.P. | Noncontrolling Interest        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning 122,262 64,231    
Net income 2,773 2,476    
Issuance of common stock under:        
Changes in the redemption value of redeemable noncontrolling interest 44 1,262    
Changes in noncontrolling interest from acquisition 1,349      
Distributions to noncontrolling interest (3,107) (2,667)    
Redemptions (236) (1,454)    
Balance at period end $ 123,085 $ 63,848