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EPLP - Condensed Consolidated Statements of Capital for the three and nine months ended September 30, 2023 and 2022 (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Increase (Decrease) in Partners' Capital [Roll Forward]        
Net income $ 93,009 $ 98,700 $ 360,359 $ 238,765
Change in fair value of derivatives and amortization of swap settlements 4,113 26,189 9,205 58,084
Change in fair value of marketable debt securities, net   (92)   204
Issuance of common units under:        
Sale of common stock by general partner, net (106) (107) (231) (314)
Retirement of common units, net   (97,121) (95,657) (157,951)
Changes in the redemption value of redeemable noncontrolling interest 1,395 3,727 (2,810) 4,950
Contributions from noncontrolling interest       125
Distributions to noncontrolling interest (7,973) (7,748) (24,006) (22,989)
Redemptions 0 (8,568) (609) (10,929)
Noncontrolling interest        
Issuance of common units under:        
Contributions from noncontrolling interest       125
Essex Portfolio, L.P.        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning 5,762,005 6,006,585 5,895,116 6,176,508
Net income 93,009 98,700 360,359 238,765
Change in fair value of derivatives and amortization of swap settlements 4,113 26,189 9,205 58,084
Change in fair value of marketable debt securities, net   (92)   204
Issuance of common units under:        
General partner's stock based compensation, net   155 0 17,194
Sale of common stock by general partner, net (106) (107) (231) (314)
Equity based compensation costs 2,289 1,957 9,935 7,082
Retirement of common units, net   (97,121) (95,657) (157,951)
Changes in the redemption value of redeemable noncontrolling interest 1,395 3,727 (2,810) 4,950
Contributions from noncontrolling interest       125
Distributions to noncontrolling interest (2,754) (2,747) (8,344) (7,965)
Redemptions 0 (8,568) (609) (10,929)
Distributions declared (153,504) (147,481) (460,517) (444,556)
Balance at period end $ 5,706,447 $ 5,881,197 $ 5,706,447 $ 5,881,197
Essex Portfolio, L.P. | Common Equity | General Partner        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning (in shares) 64,183 65,124 64,605 65,248
Balance at period beginning $ 5,533,893 $ 5,802,293 $ 5,669,906 $ 5,999,155
Net income 87,282 $ 92,842 $ 340,434 $ 223,150
Issuance of common units under:        
General partner's stock based compensation, net (in shares)   1 3 88
General partner's stock based compensation, net   $ 155   $ 17,194
Sale of common stock by general partner, net (106) (107) $ (231) (314)
Equity based compensation costs 2,211 $ 1,891 $ 9,598 $ 6,843
Retirement of common units, net (in shares)   (372) (437) (591)
Retirement of common units, net   $ (97,121) $ (95,657) $ (157,951)
Changes in the redemption value of redeemable noncontrolling interest 1,317 3,195 (2,770) 4,246
Redemptions $ 13 (8,005) $ (100) $ (10,128)
Redemptions (in shares) 2   14 8
Distributions declared $ (148,285) $ (142,480) $ (444,855) $ (429,532)
Balance at period end (in shares) 64,185 64,753 64,185 64,753
Balance at period end $ 5,476,325 $ 5,652,663 $ 5,476,325 $ 5,652,663
Essex Portfolio, L.P. | Common Equity | Limited Partners        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning (in shares) 2,260 2,273 2,272 2,282
Balance at period beginning $ 49,704 $ 51,233 $ 51,454 $ 56,502
Net income 3,072 3,247 11,982 7,800
Issuance of common units under:        
Equity based compensation costs 78 66 337 239
Changes in the redemption value of redeemable noncontrolling interest 90 $ 172 (42) 294
Redemptions $ (11)   $ (355) $ (94)
Redemptions (in shares) (1) (1) (13) (10)
Distributions declared $ (5,219) $ (5,001) $ (15,662) $ (15,024)
Balance at period end (in shares) 2,259 2,272 2,259 2,272
Balance at period end $ 47,714 $ 49,717 $ 47,714 $ 49,717
Essex Portfolio, L.P. | Accumulated other comprehensive income (loss), net        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning 57,102 30,387 52,010 (1,804)
Change in fair value of derivatives and amortization of swap settlements 4,113 26,189 9,205 58,084
Change in fair value of marketable debt securities, net   (92)   204
Issuance of common units under:        
Balance at period end 61,215 56,484 61,215 56,484
Essex Portfolio, L.P. | Noncontrolling interest        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning 121,306 122,672 121,746 122,655
Net income 2,655 2,611 7,943 7,815
Issuance of common units under:        
Changes in the redemption value of redeemable noncontrolling interest (12) 360 2 410
Distributions to noncontrolling interest (2,754) (2,747) (8,344) (7,965)
Redemptions (2) (563) (154) (707)
Balance at period end $ 121,193 $ 122,333 $ 121,193 $ 122,333