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Net Income Per Common Share and Net Income Per Common Unit
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Net Income Per Common Share and Net Income Per Common Unit Net Income Per Common Share and Net Income Per Common Unit
($ in thousands, except share and unit data):

Essex Property Trust, Inc.
 Three Months Ended March 31, 2022Three Months Ended March 31, 2021
 IncomeWeighted-
average
Common
Shares		Per
Common
Share
Amount		IncomeWeighted-
average
Common
Shares		Per
Common
Share
Amount
Basic:
Net income available to common stockholders$73,254 65,275,775 $1.12 $168,444 64,989,620 $2.59 
Effect of Dilutive Securities: 
Stock options— 63,603 — 31,066 
DownREIT units— — 197 94,247 
Diluted:      
Net income available to common stockholders$73,254 65,339,378 $1.12 $168,641 65,114,933 $2.59 


The table above excludes from the calculations of diluted earnings per share weighted average convertible OP Units of 2,282,464 and 2,293,804, which include vested 2014 Long-Term Incentive Plan Units, and 2015 Long-Term Incentive Plan Units for the three months ended March 31, 2022 and 2021. The related income allocated to these convertible OP Units aggregated $2.6 million and $5.9 million for the three months ended March 31, 2022 and 2021.

Stock options of 79,687 and 349,252 for the three months ended March 31, 2022 and 2021 were excluded from the calculation of diluted earnings per share because the assumed proceeds per share of such options plus the average unearned compensation were greater than the average market price of the common stock for the periods ended and, therefore, were anti-dilutive.
Essex Portfolio, L.P.
 Three Months Ended March 31, 2022Three Months Ended March 31, 2021
 IncomeWeighted-
average
Common Units		Per
Common
Unit
Amount		IncomeWeighted-
average
Common Units		Per
Common
Unit
Amount
Basic:
Net income available to common unitholders$75,817 67,558,239 $1.12 $174,391 67,283,424 $2.59 
Effect of Dilutive Securities: 
Stock options— 63,603 — 31,066 
DownREIT units— — 197 94,247 
Diluted:      
Net income available to common unitholders$75,817 67,621,842 $1.12 $174,588 67,408,737 $2.59 
Stock options of 79,687 and 349,252 for the three months ended March 31, 2022 and 2021 were excluded from the calculation of diluted earnings per unit because the assumed proceeds per unit of these options plus the average unearned compensation were greater than the average market price of the common unit for the periods ended and, therefore, were anti-dilutive.