ESSEX PROPERTY TRUST, INC. ESS Cash Flow

Essex property trust, inc. (ESS)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
328,765	135,182	105,700	98,061	125,505	124,440	86,110	106,410	96,639	109,662	85,035	75,795	187,551	204,517	70,162	76,824	86,907	85,762	47,182	50,542	64,753	44,805	58,581	4,646	26,406	36,902	75,875	29,575	29,703	49,640	20,221	42,488	27,241	17,868	11,088	16,053	12,507	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,884	-	-	-	-
Depreciation and amortization
131,559	122,908	120,809	119,465	120,568	120,597	120,852	119,330	119,105	117,988	117,451	117,939	115,503	111,835	110,467	109,673	109,707	116,477	116,308	113,731	106,907	106,702	102,286	101,292	50,312	49,856	48,487	48,031	47,144	45,017	43,040	41,801	40,828	39,864	38,137	37,510	37,031	-	-	-	-
Amortization of discount on notes receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-844	-459	-456	-451	-466	-441	-438	-549	-329	-	-	-	-
Amortization of discount on marketable securities
2,394	11,818	5,804	5,558	5,311	4,688	4,480	4,312	4,157	3,991	3,858	3,697	3,573	3,440	3,314	3,701	3,756	3,377	3,235	2,921	2,856	2,770	2,590	2,027	1,938	1,892	1,888	1,399	1,377	1,319	1,290	1,262	1,256	8,286	-1,195	-1,164	-1,133	-	-	-	-
Amortization of discount and debt financing costs, net
2,297	2,235	1,728	1,197	529	-629	-606	-688	-664	-816	-815	-1,008	-3,309	-3,802	-3,834	-3,803	-3,795	-4,297	-3,939	-4,595	-6,530	-9,685	-4,141	-3,832	2,986	4,105	2,179	3,002	2,930	2,963	2,927	2,883	2,871	-	-	-	-	-	-	-	-
Loss on sale of marketable securities
-13	534	239	556	-58	68	120	-131	680	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
-50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (gain) loss on equity securities recognized through income
-8,696	1,430	8,734	-8,964	4,510	-5,585	-328	-122	876	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of marketable securities and other investments
-	-	-	-	-	-	-	-	-	-	-	-	1,605	-	1,033	1,103	740	0	598	0	0	0	0	459	427	0	0	0	1,767	298	0	521	0	9,499	0	-9,086	4,543	-	-	-	-
Unrealized loss on equity securities recognized through income
-	-	-	-	-	-	-	-122	876	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Company's share of gain on the sales of co-investments
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,611	7,435	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Company's share of gain on the sales of co-investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	-3,211	-158,355	59,645	19,428	38,030	41,428	915	1,139	6,291	13,109	3,582	450	0	-	-	-	-
Income from early redemption of preferred equity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	469	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings from co-investments
21,297	6,974	21,700	16,089	16,276	13,952	16,788	15,049	32,774	10,732	9,669	10,308	10,899	9,766	9,568	8,685	7,633	5,899	7,648	4,472	3,842	15,481	4,910	5,629	7,315	12,721	1,612	-111	391	3,515	-1,371	-2,908	-862	-3,966	-1,843	-675	-1,445	-	-	-	-
Operating distributions from co-investments
19,388	34,649	25,929	20,895	17,804	19,361	19,125	20,670	40,437	29,062	20,251	15,093	12,358	15,130	21,357	14,232	9,753	17,976	13,828	8,749	6,055	29,364	8,031	2,522	9,569	60,888	-38,886	-2,366	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest from notes and other receivables
355	1,489	1,627	1,472	1,424	1,420	1,383	1,339	1,294	1,292	1,163	928	647	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on the sale of real estate and land
-	-	-	-	-	-	-	-	-	0	249	0	26,174	134,303	0	0	20,258	40,221	0	0	7,112	7,186	31,372	0	7,481	16,564	12,658	0	1,503	-21,740	0	21,740	-10,870	-3,511	802	-5,853	0	-	-	-	-
Equity-based compensation
1,405	262	1,427	3,253	2,068	-74	1,303	3,816	2,090	4,392	1,533	2,108	1,253	5,375	1,238	1,708	1,490	550	2,054	2,087	1,370	3,744	1,371	2,392	1,233	1,371	1,011	994	1,132	1,261	955	939	986	1,309	562	629	427	-	-	-	-
Gain (Loss) on Extinguishment of Debt
321	-3,426	5,475	332	1,336	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,146	-178	1,024	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on remeasurement of co investment
234,694	0	0	0	31,535	1,253	0	0	0	0	0	2,159	86,482	0	0	0	0	0	0	12,652	21,362	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash merger and integration expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,463	0	3,812	3,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Prepaid expenses, receivables, operating lease right-of-use assets, and other assets
172	-9,943	-3,733	3,195	4,730	-2,841	-2,034	2,362	3,716	160	1,093	-2,138	3,889	-2,074	-4,598	4,788	-846	-2,118	-4,795	10,194	-3,548	-6,905	-6,498	362	-2,787	-18,101	20,491	962	-1,764	5,835	-767	1,857	2,563	-548	1,023	-314	1,011	-	-	-	-
Accounts payable, accrued liabilities, and operating lease liabilities
32,808	-34,730	51,795	-41,409	53,895	-55,614	52,630	-49,312	52,151	-64,262	53,957	-45,651	42,482	-47,659	40,189	-25,428	35,200	-45,355	31,556	-16,817	21,741	-19,755	34,689	-5,832	15,131	-19,019	21,524	-10,876	8,443	-13,807	21,034	-9,477	14,610	-14,585	12,906	-3,982	9,281	-	-	-	-
Other liabilities
1,278	480	644	628	454	477	119	234	345	-569	-247	-91	737	-916	-329	425	324	412	88	1,041	346	124	728	573	92	-177	-67	-192	458	1,280	163	278	-83	394	-34	452	748	-	-	-	-
Net cash provided by operating activities
266,926	212,152	277,094	174,074	255,759	145,417	257,616	155,163	268,358	146,040	251,043	149,218	223,306	136,295	230,144	149,743	200,610	130,260	200,860	124,499	162,549	135,151	169,171	97,096	91,894	79,900	74,496	64,894	85,692	48,164	89,943	57,232	72,160	45,877	66,343	47,044	57,307	27,246	58,870	36,439	52,975
Cash flows from investing activities:
Additions to real estate:
Acquisitions of real estate and acquisition related capital expenditures, net of cash acquired
458,302	40,436	45,804	2,601	44,984	7,504	2,331	2,603	2,873	6,166	6,501	5,610	187,917	191,578	6,705	7,040	110,309	187,927	12,909	115,700	199,190	-50,541	329,268	74,995	33,825	143,235	29,589	0	175,950	236,760	76,509	41,602	38,900	14,150	4,370	7,558	31,400	183,011	89,839	6,757	0
Redevelopment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,915	8,086	3,687	2,601	7,042	3,093	1,273	2,296	1,678	2,964	2,923	8,881	4,122	1,541	377	348
Redevelopment
18,296	15,268	24,223	16,647	14,157	18,344	18,190	20,573	15,893	19,286	20,133	18,269	12,240	20,944	19,783	19,049	24,151	32,563	24,987	22,656	19,140	25,508	24,451	21,189	10,281	-14,731	14,872	11,043	6,573	7,750	14,054	9,215	8,008	18,201	10,633	9,949	6,347	5,130	2,015	4,315	2,636
Development acquisitions of and additions to real estate under development
25,681	27,641	44,485	46,802	39,306	50,905	56,564	37,100	38,203	44,797	41,373	21,106	30,457	16,792	21,425	14,494	22,656	19,799	15,724	31,452	90,925	44,107	49,760	46,980	11,919	-	4,673	5,958	3,332	6,691	5,339	10,377	6,789	6,378	7,121	36,524	29,171	44,295	57,558	25,948	27,466
Lessor required capital expenditure
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	763	2,789	768	1,173	0	0	0	-	-	-	-	-	-	-	-
Non-revenue generating capital expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,536	8,330	4,019	14,715	8,736	5,840	1,200	12,144	6,235	4,778	2,933	10,109	8,207	7,095	3,867
Capital expenditures on rental properties
17,151	32,341	27,421	24,852	17,075	26,794	23,915	16,028	14,947	24,077	23,087	14,763	10,885	24,266	18,226	16,589	5,688	14,468	18,136	8,477	16,196	57,790	7,364	3,013	10,697	54,754	1,423	438	304	3,215	2,767	1,027	611	2,910	3,486	1,220	0	796	430	321	37
Acquisition of membership interest in co-investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	74,211	41,513	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in notes receivable
-	-	-	-	-	-	-	-	-	29,500	64,211	4,000	8,750	19,695	4,375	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of and advances under notes and other receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,601	-201	21,210	17
Collections of notes and other receivables
98,711	166,220	0	0	2,500	0	0	0	29,500	55,000	0	0	0	-	-	-	-	-	-	-	-	0	19,835	21,250	35,500	0	0	965	52,473	6,548	528	285	7,164	241	275	184	184	23	6	1,677	149
Proceeds from insurance for property losses
457	135	901	1,115	1,583	171	320	352	565	0	213	0	435	2,255	2,077	776	435	4,767	309	7,146	4,589	6,387	19,160	10,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from dispositions of real estate
-	-	-	-	-	-	-	-	-	0	809	0	131,230	191,281	0	0	48,008	244,523	0	0	74,485	79,858	47,208	0	14,123	31,830	24,615	0	9,051	0	0	10,984	16,816	7,031	0	15,972	0	-	-	-	-
Proceeds from dispositions of co-investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	13,900	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to co-investments
21,905	96,051	138,955	41,030	126,248	62,235	2,376	41,806	56,020	61,811	86,953	23,783	120,816	62,017	25,274	46,107	50,591	8,759	21,608	48,862	48,650	117,738	70,239	18,350	39,679	11,726	49,557	55,777	45,518	101,384	44,023	101,801	12,945	124,656	78,243	16,440	26,767	937	12,015	0	66,498
Changes in refundable deposits
-96	320	-73	-247	-5	-3,390	19	4,195	-410	1,757	-2,127	45	-512	67,987	-8,926	2,414	-59,346	52,350	11,526	-4,663	-45,145	-2,900	35,876	6,118	-2,512	-8,097	35,536	1,690	-19,980	-7,301	11,565	2,322	-517	211	-2,045	4,346	-1,136	7,460	2,687	-4,973	-760
Purchases of marketable securities
10,731	3,805	2,555	31,685	8,413	8,822	1,135	14,558	13,437	2,225	32,053	12,676	20,939	0	2,427	15,008	1,344	0	7,050	0	7,250	5,000	1,175	4,001	10,340	0	2,440	7,461	6,541	0	39,372	28,925	5,438	0	1,243	0	6,805	31,680	18	20	18,256
Sales and maturities of marketable securities
-165	-90,366	-6,939	-33,379	-16,847	-9,020	-3,526	-9,396	-9,579	-2,104	-4,611	-3,863	-24,903	-15,750	-3,529	-6,134	-5,045	-1,341	-5,598	-1,251	-717	-2,478	-11,467	1,176	4,016	-	2,495	0	20,335	55,381	1,252	3,722	1,348	5,001	0	1,199	26,798	36,150	-30	23,678	42,241
Non-operating distributions from co-investments
7,000	203,226	43,407	16,657	10,000	21,097	23,868	36,366	2,330	49,867	44,898	12,649	55,025	41,667	0	13,418	21,146	0	20,866	0	11,072	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-445,637	176,562	-372,786	-112,219	-219,248	75,931	-76,816	39,981	-98,989	-82,648	-221,653	-83,740	-179,899	-148,256	-83,683	-100,373	-80,759	-65,235	-85,167	-288,298	-286,856	5,179	-416,198	-675,547	-60,590	-144,709	-27,306	-175,944	-105,737	-294,072	-201,888	-272,127	-44,051	-167,271	-108,393	-65,933	-84,186	-259,350	-128,362	-45,661	-77,495
Cash flows from financing activities:
Proceeds from unsecured debt and mortgage notes
498,140	152,528	394,528	0	498,234	0	0	0	298,773	0	0	347,981	250,000	169,558	-268,886	462,715	305,895	-426,216	144,601	166,869	756,562	356,084	416,278	1,087,264	233,780	327,169	37,420	369,190	235,282	397,880	585,393	603,186	159,394	642,643	226,622	341,232	304,187	597,831	403,621	50,172	162,592
Payments on unsecured debt and mortgage notes
102,563	225,870	327,218	112,553	360,975	68,081	51,488	27,081	83,748	101,120	47,387	104,633	308,020	287,437	-256,584	191,264	309,903	-663,110	194,132	193,882	536,830	486,180	250,630	764,625	312,585	213,974	41,854	215,218	279,854	174,340	525,824	493,169	177,984	543,401	230,541	469,651	191,542	395,494	323,335	41,400	122,417
Proceeds from lines of credit
1,038,426	454,179	509,202	408,803	567,029	288,791	15,642	181,696	256,832	417,413	97,520	62,751	404,562	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of lines of credit
743,426	619,179	406,202	291,803	567,029	288,791	18,312	179,026	435,832	241,022	94,911	238,984	353,329	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retirement of common stock
176,311	0	0	0	56,989	47,459	0	0	3,774	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to deferred charges
5,172	1,452	3,573	428	5,445	157	322	488	3,283	0	218	2,876	1,014	2,626	338	3,925	1,037	3,714	-136	0	4,456	461	540	7,107	9,294	3,566	-2	3,122	716	292	3,793	2,329	293	1,069	3,023	967	474	2,277	1,209	228	395
Net proceeds from issuance of common stock
-70	-10	72,631	-62	-20	-436	-130	-286	-67	8,678	-188	80,630	-65	-2	-103	-145	-134	24,302	35,171	98,072	174,592	81,915	171,130	120,738	157,596	14,844	0	0	122,905	88,862	97,914	139,354	31,590	66,923	88,416	130,156	38,436	134,814	53,638	45,694	17,309
Payments to settle derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,395	64,615	16,667	0	0
Equity related issuance cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	92	-	91	300	225	0	35	124	150	-138	174	591	0	-	-	-	-
Net proceeds from stock options exercised
14,329	1,045	27,679	2,044	6,699	3,462	887	642	1,222	2,556	2,038	16,247	5,794	1,071	6,118	6,528	5,232	4,367	3,827	2,733	15,613	4,513	1,023	4,327	1,176	202	566	2,823	1,367	474	769	467	933	272	731	4,622	1,361	1,657	896	1,118	1,094
Payments related to tax withholding for share-based compensation
5,664	173	0	20	3,495	846	0	12	11	198	0	85	33	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interest
7,478	7,724	6,427	6,864	6,978	6,913	7,071	9,140	5,926	6,147	6,034	8,946	5,425	5,490	6,964	8,022	4,858	5,266	4,756	7,459	3,574	4,248	5,707	3,541	3,969	4,380	4,297	5,816	3,995	3,816	3,741	5,284	3,850	3,668	3,628	4,639	5,028	5,101	7,357	6,998	5,339
Redemption of noncontrolling interest
1,368	22,388	1	1,966	12,213	1,176	100	57	0	23,731	1,321	2,458	1,070	76	202	1,144	1,089	0	133	334	2,154	1,046	2,157	2,449	101	598	3,096	688	1,329	5,391	914	246	435	743	625	3,278	741	441	2,680	20,428	637
Redemption of redeemable noncontrolling interest
0	0	0	0	73	101	0	43	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock dividends paid
128,879	128,896	128,172	128,161	122,525	122,872	122,856	122,851	115,603	115,515	115,492	114,761	104,857	104,850	104,796	106,012	95,476	95,257	94,981	93,356	83,663	83,174	82,439	-1,427	96,388	46,522	46,548	46,446	41,152	40,806	40,013	38,972	36,459	35,832	35,299	34,496	32,995	31,679	31,114	30,811	30,025
Net cash provided by (used in) financing activities
379,964	-399,346	132,447	-131,010	-63,780	-244,579	-183,750	-156,646	-91,417	-65,539	-165,993	34,146	-113,457	-106,276	-133,809	84,981	-101,370	-71,010	-110,267	-27,357	316,090	-132,597	246,958	436,126	-29,877	73,791	-57,898	100,423	32,283	262,571	109,756	205,283	-27,254	125,263	42,261	-69,985	110,809	231,189	75,793	-4,723	26,172
Net increase (decrease) in unrestricted and restricted cash and cash equivalents
201,253	-10,632	36,755	-69,155	-27,269	-23,231	-2,950	38,498	77,952	-2,147	-136,603	99,624	-70,050	-118,237	12,652	134,351	18,481	-5,985	5,426	-188,958	193,590	7,733	-69	-1,972	1,427	8,982	-10,708	-10,627	12,238	16,663	-2,189	-9,612	855	3,869	211	-88,874	83,930	-915	6,301	-13,945	1,652
Cash acquired from consolidation of co-investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,198	1,807	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of cash flow information:
Cash paid for interest (net of $4.8 million and $5.9 million capitalized in 2020 and 2019, respectively)
52,487	49,417	50,076	53,011	41,914	57,764	45,543	60,190	40,306	63,421	42,294	58,051	48,397	63,560	47,152	44,922	48,109	45,370	49,389	36,004	50,343	37,349	48,905	17,990	26,447	26,920	26,543	26,190	23,863	27,042	20,980	24,972	22,603	23,062	23,035	19,433	24,161	21,902	21,547	20,287	19,761
Interest capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	4,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating cash flows from operating leases
1,715	1,714	1,705	1,698	1,694	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of noncash investing and financing activities:
Issuance of Operating Partnership units for contributed properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,419,816	0	0	0	0	-	-	-	-	-	-	-	-	48	0	0	3,990
Issuance of DownREIT units in connection with acquisition of real estate
-	-	-	-	-	-	-	-	-	0	0	0	22,506	0	0	0	0	-	-	-	-	-	-	-	440	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers between real estate under development and rental properties, net
131,841	5,311	14,363	138	0	868	1,229	98,317	1	218	655	793	747	-2,096	-2,147	759	107,643	635	7,318	138,406	162,345	-61,293	66,916	1,510	3,070	0	1	0	67	984	1,354	4,052	242	78,219	46,211	-946	41,730	-	-	-	-
Transfer from real estate under development to co-investments
824	565	-134	-73	313	213	0	275	365	953	782	1,260	2,080	1,587	3,847	2,147	2,338	321	2,133	2,218	1,562	2,242	31,556	46,651	3,125	0	27,906	0	0	-	-	-	-	0	5,586	48,886	0	-	-	-	-
Reclassifications (from) to redeemable noncontrolling interest to/from additional paid in capital and noncontrolling interest
-4,767	-1,667	2,247	-339	1,767	-1,088	408	-108	1,953	-838	-214	386	731	575	-422	-1,672	751	21,054	759	-1,086	1,660	2	-2	18,766	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease right-of-use assets
0	-	0	0	77,645	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease liabilities
0	-	0	0	79,693	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contribution of note receivable to co-investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	12,325	-	-	-	-	-	-	-	-
Change in accrual of dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	675	669	1,613	2,484	596	1,040	1,040	530	1,258	523	279	595
Change in fair value of derivative liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,171	4,250	570	-639	2,259	2,445	396	-1,530	-76	-498	2,334	-23,038	-17,095	33,578	8,462
Change in fair value of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,575	-	702	627	1,629	-4,083	3,697	466	379	2,438	-1,885	-931	3,214	3,462	-2,442	3,019	2,631
Change in construction payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	376	-	-	-	-	-1,126	-691	-238	3,168	952	-475	612	1,429	590	-3,032	1,693	2,053
Debt assumed in connection with acquisition
-	-	-	-	-	-	-	-	-	0	0	0	51,882	0	0	0	48,832	0	0	0	114,435	72,568	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Essex Portfolio, L.P.
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
328,765	135,182	105,700	98,061	125,505	124,440	86,110	106,410	96,639	109,662	85,035	75,795	187,551	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
131,559	122,908	120,809	119,465	120,568	120,597	120,852	119,330	119,105	117,988	117,451	117,939	115,503	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discount on marketable securities
2,394	11,818	5,804	5,558	5,311	4,688	4,480	4,312	4,157	3,991	3,858	3,697	3,573	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discount and debt financing costs, net
2,297	2,235	1,728	1,197	529	-629	-606	-688	-664	-816	-815	-1,008	-3,309	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of marketable securities
-13	534	239	556	-58	68	120	-131	680	259	32	13	1,605	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (gain) loss on equity securities recognized through income
-8,696	1,430	8,734	-8,964	4,510	-5,585	-328	-122	876	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings from co-investments
21,297	6,974	21,700	16,089	16,276	13,952	16,788	15,049	32,774	10,732	9,669	10,308	10,899	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating distributions from co-investments
19,388	34,649	25,929	20,895	17,804	19,361	19,125	20,670	40,437	29,062	20,251	15,093	12,358	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest from notes and other receivables
355	1,489	1,627	1,472	1,424	1,420	1,383	1,339	1,294	1,292	1,163	928	647	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on the sale of real estate and land
-	-	-	-	-	-	-	-	-	0	249	0	26,174	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity-based compensation
1,405	262	1,427	3,253	2,068	-74	1,303	3,816	2,090	4,392	1,533	2,108	1,253	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
321	-3,426	5,475	332	1,336	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on remeasurement of co investment
234,694	0	0	0	31,535	1,253	0	0	0	0	0	2,159	86,482	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses, receivables, operating lease right-of-use assets, and other assets
172	-9,943	-3,733	3,195	4,730	-2,841	-2,034	2,362	3,716	160	1,093	-2,138	3,889	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accrued liabilities, and operating lease liabilities
32,808	-34,730	51,795	-41,409	53,895	-55,614	52,630	-49,312	52,151	-64,262	53,957	-45,651	42,482	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
1,278	480	644	628	454	477	119	234	345	-569	-247	-91	737	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
266,926	212,152	277,094	174,074	255,759	145,417	257,616	155,163	268,358	146,040	251,043	149,218	223,306	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of real estate and acquisition related capital expenditures, net of cash acquired
458,302	40,436	45,804	2,601	44,984	7,504	2,331	2,603	2,873	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redevelopment
18,296	15,268	24,223	16,647	14,157	18,344	18,190	20,573	15,893	19,286	20,133	18,269	12,240	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development acquisitions of and additions to real estate under development
25,681	27,641	44,485	46,802	39,306	50,905	56,564	37,100	38,203	44,797	41,373	21,106	30,457	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures on rental properties
17,151	32,341	27,421	24,852	17,075	26,794	23,915	16,028	14,947	24,077	23,087	14,763	10,885	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in notes receivable
-	-	-	-	-	-	-	-	-	29,500	64,211	4,000	8,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collections of notes and other receivables
98,711	166,220	0	0	2,500	0	0	0	29,500	55,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from insurance for property losses
457	135	901	1,115	1,583	171	320	352	565	0	213	0	435	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from dispositions of real estate
-	-	-	-	-	-	-	-	-	0	809	0	131,230	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to co-investments
21,905	96,051	138,955	41,030	126,248	62,235	2,376	41,806	56,020	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in refundable deposits
-96	320	-73	-247	-5	-3,390	19	4,195	-410	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of marketable securities
10,731	3,805	2,555	31,685	8,413	8,822	1,135	14,558	13,437	2,225	32,053	12,676	20,939	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales and maturities of marketable securities
-165	-90,366	-6,939	-33,379	-16,847	-9,020	-3,526	-9,396	-9,579	-2,104	-4,611	-3,863	-24,903	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-operating distributions from co-investments
7,000	203,226	43,407	16,657	10,000	21,097	23,868	36,366	2,330	49,867	44,898	12,649	55,025	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-445,637	176,562	-372,786	-112,219	-219,248	75,931	-76,816	39,981	-98,989	-82,648	-221,653	-83,740	-179,899	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from unsecured debt and mortgage notes
498,140	152,528	394,528	0	498,234	0	0	0	298,773	0	0	347,981	250,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on unsecured debt and mortgage notes
102,563	225,870	327,218	112,553	360,975	68,081	51,488	27,081	83,748	101,120	47,387	104,633	308,020	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from lines of credit
1,038,426	454,179	509,202	408,803	567,029	288,791	15,642	181,696	256,832	417,413	97,520	62,751	404,562	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of lines of credit
743,426	619,179	406,202	291,803	567,029	288,791	18,312	179,026	435,832	241,022	94,911	238,984	353,329	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retirement of common stock
176,311	0	0	0	56,989	47,459	0	0	3,774	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to deferred charges
5,172	1,452	3,573	428	5,445	157	322	488	3,283	0	218	2,876	1,014	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of common stock
-70	-10	72,631	-62	-20	-436	-130	-286	-67	8,678	-188	80,630	-65	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from stock options exercised
14,329	1,045	27,679	2,044	6,699	3,462	887	642	1,222	2,556	2,038	16,247	5,794	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments related to tax withholding for share-based compensation
5,664	173	0	20	3,495	846	0	12	11	198	0	85	33	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interest
2,016	1,310	2,053	1,966	1,959	1,903	2,155	2,193	2,267	2,184	1,968	-1,825	5,425	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of noncontrolling interest
1,368	22,388	1	1,966	12,213	1,176	100	57	0	23,731	1,321	2,458	1,070	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of redeemable noncontrolling interest
0	0	0	0	73	101	0	43	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock dividends paid
134,341	135,310	132,546	133,059	127,544	127,882	127,772	129,798	119,262	119,478	119,558	125,532	104,857	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
379,964	-399,346	132,447	-131,010	-63,780	-244,579	-183,750	-156,646	-91,417	-65,539	-165,993	34,146	-113,457	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in unrestricted and restricted cash and cash equivalents
201,253	-10,632	36,755	-69,155	-27,269	-23,231	-2,950	38,498	77,952	-2,147	-136,603	99,624	-70,050	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest (net of $4.8 million and $5.9 million capitalized in 2020 and 2019, respectively)
52,487	49,417	50,076	53,011	41,914	57,764	45,543	60,190	40,306	63,421	42,294	58,051	48,397	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating cash flows from operating leases
1,715	1,714	1,705	1,698	1,694	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of DownREIT units in connection with acquisition of real estate
-	-	-	-	-	-	-	-	-	0	0	0	22,506	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers between real estate under development and rental properties, net
131,841	5,311	14,363	138	0	868	1,229	98,317	1	218	655	793	747	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from real estate under development to co-investments
824	565	-134	-73	313	213	0	275	365	953	782	1,260	2,080	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassifications (from) to redeemable noncontrolling interest to/from additional paid in capital and noncontrolling interest
-4,767	-1,667	2,247	-339	1,767	-1,088	408	-108	1,953	-838	-214	386	731	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease right-of-use assets
0	0	0	0	77,645	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease liabilities
0	0	0	0	79,693	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt assumed in connection with acquisition
-	-	-	-	-	-	-	-	-	0	0	0	51,882	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subsidiaries [Member]
Payments to Acquire Real Estate
-	-	-	-	-	-	-	-	-	-	-	-	187,917	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Equity Method Investments
-	-	-	-	-	-	-	-	-	-	-	-	120,816	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in restricted cash and refundable deposits
-	-	-	-	-	-	-	-	-	-	-	-	-512	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-