XML 66 R52.htm IDEA: XBRL DOCUMENT v3.22.2
Net Income Per Common Share and Net Income Per Common Unit (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Basic:        
Net income available to common stockholders $ 57,054 $ 64,846 $ 130,308 $ 233,290
Weighted average common shares/units (in shares) 65,262,517 65,001,677 65,269,109 64,995,682
Net income available to common stockholders/unitholders (in dollars per share) $ 0.87 $ 1.00 $ 2.00 $ 3.59
Effect of Dilutive Securities:        
Stock options (in shares) 27,086 79,069 38,463 52,334
Diluted:        
Net income available to common stockholders/unitholders $ 57,054 $ 64,846 $ 130,308 $ 233,290
Weighted average common shares/units (in shares) 65,289,603 65,080,746 65,307,572 65,048,016
Net income available to common stockholders/unitholders (in dollars per share) $ 0.87 $ 1.00 $ 2.00 $ 3.59
Essex Portfolio, L.P.        
Basic:        
Net income available to common stockholders $ 59,044 $ 67,134 $ 134,861 $ 241,525
Weighted average common shares/units (in shares) 67,539,662 67,295,437 67,548,899 67,289,464
Net income available to common stockholders/unitholders (in dollars per share) $ 0.87 $ 1.00 $ 2.00 $ 3.59
Effect of Dilutive Securities:        
Stock options (in shares) 27,086 79,069 38,463 52,334
Diluted:        
Net income available to common stockholders/unitholders $ 59,044 $ 67,134 $ 134,861 $ 241,525
Weighted average common shares/units (in shares) 67,566,748 67,374,506 67,587,362 67,341,798
Net income available to common stockholders/unitholders (in dollars per share) $ 0.87 $ 1.00 $ 2.00 $ 3.59
Convertible units        
Diluted:        
Antidilutive securities excluded from computation of earnings per share, amount (in shares) 2,277,145 2,293,760 2,279,790 2,293,782
Income allocated to convertible OP Units $ 2,000 $ 2,300 $ 4,600 $ 8,200
Stock options        
Diluted:        
Antidilutive securities excluded from computation of earnings per share, amount (in shares) 230,326 136,172 124,892 0
Stock options | Essex Portfolio, L.P.        
Diluted:        
Antidilutive securities excluded from computation of earnings per share, amount (in shares) 230,326 136,172 124,892 0