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Net Income Per Common Share and Net Income Per Common Unit (Tables)
3 Months Ended
Mar. 31, 2014
Net Income Per Share and Net Income Per Unit [Line Items]  
Net Income Per Common Share
Essex Property Trust, Inc.

 
 
Three Months Ended
  
Three Months Ended
 
 
 
March 31, 2014
  
March 31, 2013
 
 
 
  
Weighted-
  
Per
  
  
Weighted-
  
Per
 
 
 
  
average
  
Common
  
  
average
  
Common
 
 
 
  
Common
  
Share
  
  
Common
  
Share
 
 
 
Income
  
Shares
  
Amount
  
Income
  
Shares
  
Amount
 
Basic:
 
  
  
  
  
  
 
Income from continuing operations available to common stockholders
 
$
21,912
   
37,685
  
$
0.58
  
$
24,690
   
37,004
  
$
0.67
 
Income from discontinued operations available to common stockholders
  
-
   
37,685
   
-
   
513
   
37,004
   
0.01
 
 
 
$
21,912
      
$
0.58
  
$
25,203
      
$
0.68
 
 
                        
Effect of Dilutive Securities (1)
  
-
   
246
       
-
   
88
     
 
                        
Diluted:
                        
Income from continuing operations available to common stockholders
 
$
21,912
   
37,931
  
$
0.58
  
$
24,690
   
37,092
  
$
0.67
 
Income from discontinued operations available to common stockholders
  
-
   
37,931
   
-
   
513
   
37,092
   
0.01
 
 
 
$
21,912
      
$
0.58
  
$
25,203
      
$
0.68
 

(1)Weighted average convertible limited partnership units of 2,272,179 and 2,079,447 which include vested Series Z-1 incentive units, for the three months ended March 31, 2014, and 2013, respectively,  were not included in the determination of diluted EPS because they were anti-dilutive.  Income allocated to convertible limited partnership units, which includes vested Series Z-1 units, aggregating $1.4 million and $1.5 million for the three months ended March 31, 2014 and 2013, respectively, have been excluded from income available to common stockholders for the calculation of diluted income per common share since these units are excluded from the diluted weighted average common shares for the period as the effect was anti-dilutive.  The Company has the ability to redeem DownREIT limited partnership units for cash and does not consider them to be potentially dilutive securities.
Essex Portfolio, L.P. [Member]
 
Net Income Per Share and Net Income Per Unit [Line Items]  
Net Income Per Common Share
Essex Portfolio, L.P.

 
 
Three Months Ended
  
Three Months Ended
 
 
 
March 31, 2014
  
March 31, 2013
 
 
 
  
Weighted-
  
Per
  
  
Weighted-
  
Per
 
 
 
  
average
  
Common
  
  
average
  
Common
 
 
 
  
Common
  
Unit
  
  
Common
  
Unit
 
 
 
Income
  
Units
  
Amount
  
Income
  
Units
  
Amount
 
Basic:
 
  
  
  
  
  
 
Income from continuing operations available to common unitholders
 
$
23,329
   
39,957
  
$
0.58
  
$
26,162
   
39,083
  
$
0.67
 
Income from discontinued operations
  
-
   
39,957
   
-
   
542
   
39,083
   
0.01
 
Income available to common unitholders
 
$
23,329
      
$
0.58
  
$
26,704
      
$
0.68
 
 
                        
Effect of Dilutive Securities (1)
  
-
   
246
       
-
   
88
     
 
                        
Diluted:
                        
Income from continuing operations available to common unitholders (1)
 
$
23,329
   
40,203
  
$
0.58
  
$
26,162
   
39,171
  
$
0.67
 
Income from discontinued operations
  
-
   
40,203
   
-
   
542
   
39,171
   
0.01
 
Income available to common unitholders
 
$
23,329
      
$
0.58
  
$
26,704
      
$
0.68
 

(1)The Operating Partnership has the ability to redeem DownREIT limited partnership units for cash and does not consider them to be potentially dilutive securities.