ESSEX PROPERTY TRUST, INC. ESS Cash Flow

Essex property trust, inc. (ESS)

CashFlow / TTM

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
667,708	464,448	453,706	434,116	442,465	413,599	398,821	397,746	367,131	458,043	552,898	538,025	539,054	438,410	319,655	296,675	270,393	248,239	207,282	218,681	172,785	134,438	126,535	143,829	168,758	172,055	184,793	129,139	142,052	139,590	107,818	98,685	72,250	57,516	0	0	0	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Depreciation and amortization
494,741	483,750	481,439	481,482	481,347	479,884	477,275	473,874	472,483	468,881	462,728	455,744	447,478	441,682	446,324	452,165	456,223	453,423	443,648	429,626	417,187	360,592	303,746	249,947	196,686	193,518	188,679	183,232	177,002	170,686	165,533	160,630	156,339	152,542	0	0	0	-	-	-	-
Amortization of discount on notes receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,759	-2,210	-1,832	-1,814	-1,796	-1,894	-1,757	0	0	0	-	-	-	-
Amortization of discount on marketable securities
25,574	28,491	21,361	20,037	18,791	17,637	16,940	16,318	15,703	15,119	14,568	14,024	14,028	14,211	14,148	14,069	13,289	12,389	11,782	11,137	10,243	9,325	8,447	7,745	7,117	6,556	5,983	5,385	5,248	5,127	12,094	9,609	7,183	4,794	0	0	0	-	-	-	-
Amortization of discount and debt financing costs, net
7,457	5,689	2,825	491	-1,394	-2,587	-2,774	-2,983	-3,303	-5,948	-8,934	-11,953	-14,748	-15,234	-15,729	-15,834	-16,626	-19,361	-24,749	-24,951	-24,188	-14,672	-882	5,438	12,272	12,216	11,074	11,822	11,703	11,644	0	0	0	-	-	-	-	-	-	-	-
Loss on sale of marketable securities
1,316	1,271	805	686	-1	737	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (gain) loss on equity securities recognized through income
-7,496	5,710	-1,305	-10,367	-1,525	-5,159	426	754	876	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of marketable securities and other investments
-	-	-	-	-	-	-	-	-	-	-	-	6,584	-	2,876	2,441	1,338	598	598	0	459	886	886	886	427	1,767	2,065	2,065	2,586	819	10,020	10,020	413	4,956	0	0	0	-	-	-	-
Unrealized loss on equity securities recognized through income
-	-	-	-	-	-	-	0	876	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Company's share of gain on the sales of co-investments
-	-	-	-	-	-	-	-	-	-	-	-	-	13,046	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Company's share of gain on the sales of co-investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-161,566	-101,921	-82,493	-41,252	158,531	99,801	81,512	49,773	21,454	24,121	23,432	17,141	0	0	0	-	-	-	-
Income from early redemption of preferred equity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings from co-investments
66,060	61,039	68,017	63,105	62,065	78,563	75,343	68,224	63,483	41,608	40,642	40,541	38,918	35,652	31,785	29,865	25,652	21,861	31,443	28,705	29,862	33,335	30,575	27,277	21,537	14,613	5,407	2,424	-373	-1,626	-9,107	-9,579	-7,346	-7,929	0	0	0	-	-	-	-
Operating distributions from co-investments
100,861	99,277	83,989	77,185	76,960	99,593	109,294	110,420	104,843	76,764	62,832	63,938	63,077	60,472	63,318	55,789	50,306	46,608	57,996	52,199	45,972	49,486	81,010	34,093	29,205	19,636	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest from notes and other receivables
4,943	6,012	5,943	5,699	5,566	5,436	5,308	5,088	4,677	4,030	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on the sale of real estate and land
-	-	-	-	-	-	-	-	-	26,423	160,726	160,477	160,477	154,561	60,479	60,479	60,479	47,333	14,298	45,670	45,670	46,039	55,417	36,703	36,703	30,725	-7,579	-20,237	1,503	-10,870	7,359	8,161	-19,432	-8,562	0	0	0	-	-	-	-
Equity-based compensation
6,347	7,010	6,674	6,550	7,113	7,135	11,601	11,831	10,123	9,286	10,269	9,974	9,574	9,811	4,986	5,802	6,181	6,061	9,255	8,572	8,877	8,740	6,367	6,007	4,609	4,508	4,398	4,342	4,287	4,141	4,189	3,796	3,486	2,927	0	0	0	-	-	-	-
Gain (Loss) on Extinguishment of Debt
2,702	3,717	7,143	1,668	1,336	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on remeasurement of co investment
234,694	31,535	32,788	32,788	32,788	1,253	0	0	2,159	88,641	88,641	88,641	86,482	0	0	0	12,652	34,014	34,014	34,014	21,362	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash merger and integration expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,025	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Prepaid expenses, receivables, operating lease right-of-use assets, and other assets
-10,309	-5,751	1,351	3,050	2,217	1,203	4,204	7,331	2,831	3,004	770	-4,921	2,005	-2,730	-2,774	-2,971	2,435	-267	-5,054	-6,757	-16,589	-15,828	-27,024	-35	565	1,588	25,524	4,266	5,161	9,488	3,105	4,895	2,724	1,172	0	0	0	-	-	-	-
Accounts payable, accrued liabilities, and operating lease liabilities
8,464	29,551	8,667	9,502	1,599	-145	-8,793	-7,466	-3,805	-13,474	3,129	-10,639	9,584	2,302	4,606	-4,027	4,584	-8,875	16,725	19,858	30,843	24,233	24,969	11,804	6,760	72	5,284	4,794	6,193	12,360	11,582	3,454	8,949	3,620	0	0	0	-	-	-	-
Other liabilities
3,030	2,206	2,203	1,678	1,284	1,175	129	-237	-562	-170	-517	-599	-83	-496	832	1,249	1,865	1,887	1,599	2,239	1,771	1,517	1,216	421	-344	22	1,479	1,709	2,179	1,638	752	555	729	1,560	0	0	0	-	-	-	-
Net cash provided by operating activities
930,246	919,079	852,344	832,866	813,955	826,554	827,177	820,604	814,659	769,607	759,862	738,963	739,488	716,792	710,757	681,473	656,229	618,168	623,059	591,370	563,967	493,312	438,061	343,386	311,184	304,982	273,246	288,693	281,031	267,499	265,212	241,612	231,424	216,571	197,940	190,467	179,862	175,530	0	0	0
Cash flows from investing activities:
Additions to real estate:
Acquisitions of real estate and acquisition related capital expenditures, net of cash acquired
547,143	133,825	100,893	57,420	57,422	15,311	13,973	18,143	21,150	206,194	391,606	391,810	393,240	315,632	311,981	318,185	426,845	515,726	277,258	593,617	552,912	387,547	581,323	281,644	206,649	348,774	442,299	489,219	530,821	393,771	171,161	99,022	64,978	57,478	226,339	311,808	311,007	279,607	0	0	0
Redevelopment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47,289	21,416	16,423	14,009	13,704	8,340	8,211	9,861	16,446	18,890	17,467	14,921	6,388	0	0	0
Redevelopment
74,434	70,295	73,371	67,338	71,264	73,000	73,942	75,885	73,581	69,928	71,586	71,236	72,016	83,927	95,546	100,750	104,357	99,346	92,291	91,755	90,288	81,429	41,190	31,611	21,465	17,757	40,238	39,420	37,592	39,027	49,478	46,057	46,791	45,130	32,059	23,441	17,807	14,096	0	0	0
Development acquisitions of and additions to real estate under development
144,609	158,234	181,498	193,577	183,875	182,772	176,664	161,473	145,479	137,733	109,728	89,780	83,168	75,367	78,374	72,673	89,631	157,900	182,208	216,244	231,772	152,766	0	0	0	-	20,654	21,320	25,739	29,196	28,883	30,665	56,812	79,194	117,111	167,548	156,972	155,267	0	0	0
Lessor required capital expenditure
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,493	4,730	1,941	1,173	0	0	0	-	-	-	-	-	-	-	-
Non-revenue generating capital expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,600	35,800	33,310	30,491	27,920	25,419	24,357	26,090	24,055	26,027	28,344	29,278	0	0	0
Capital expenditures on rental properties
101,765	101,689	96,142	92,636	83,812	81,684	78,967	78,139	76,874	72,812	73,001	68,140	69,966	64,769	54,971	54,881	46,769	57,277	100,599	89,827	84,363	78,864	75,828	69,887	67,312	56,919	5,380	6,724	7,313	7,620	7,315	8,034	8,227	7,616	5,502	2,446	1,547	1,584	0	0	0
Acquisition of membership interest in co-investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	115,724	115,724	115,724	41,513	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in notes receivable
-	-	-	-	-	-	-	-	-	106,461	96,656	36,820	32,820	24,070	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of and advances under notes and other receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,627	0	0	0
Collections of notes and other receivables
264,931	168,720	2,500	2,500	2,500	29,500	84,500	84,500	84,500	55,000	0	0	0	-	-	-	-	-	-	-	-	76,585	76,585	56,750	36,465	53,438	59,986	60,514	59,834	14,525	8,218	7,965	7,864	884	666	397	1,890	1,855	0	0	0
Proceeds from insurance for property losses
2,608	3,734	3,770	3,189	2,426	1,408	1,237	1,130	778	648	2,903	4,767	5,543	5,543	8,055	6,287	12,657	16,811	18,431	37,282	40,136	35,547	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from dispositions of real estate
-	-	-	-	-	-	-	-	-	132,039	323,320	322,511	322,511	239,289	292,531	292,531	292,531	319,008	154,343	201,551	201,551	141,189	93,161	70,568	70,568	65,496	33,666	9,051	20,035	27,800	34,831	34,831	39,819	23,003	0	0	0	-	-	-	-
Proceeds from dispositions of co-investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to co-investments
297,941	402,284	368,468	231,889	232,665	162,437	162,013	246,590	228,567	293,363	293,569	231,890	254,214	183,989	130,731	127,065	129,820	127,879	236,858	285,489	254,977	246,006	139,994	119,312	156,739	162,578	252,236	246,702	292,726	260,153	283,425	317,645	232,284	246,106	122,387	56,159	39,719	79,450	0	0	0
Changes in refundable deposits
-96	-5	-3,715	-3,623	819	414	5,561	3,415	-735	-837	65,393	58,594	60,963	2,129	-13,508	6,944	-133	14,068	-41,182	-16,832	-6,051	36,582	31,385	31,045	26,617	9,149	9,945	-14,026	-13,394	6,069	13,581	-29	1,995	1,376	8,625	13,357	4,038	4,414	0	0	0
Purchases of marketable securities
48,776	46,458	51,475	50,055	32,928	37,952	31,355	62,273	60,391	67,893	65,668	36,042	38,374	18,779	18,779	23,402	8,394	14,300	19,300	13,425	17,426	20,516	15,516	16,781	20,241	16,442	16,442	53,374	74,838	73,735	73,735	35,606	6,681	8,048	39,728	38,503	38,523	49,974	0	0	0
Sales and maturities of marketable securities
-130,849	-147,531	-66,185	-62,772	-38,789	-31,521	-24,605	-25,690	-20,157	-35,481	-49,127	-48,045	-50,316	-30,458	-16,049	-18,118	-13,235	-8,907	-10,044	-15,913	-13,486	-8,753	0	0	0	-	78,211	76,968	80,690	61,703	11,323	10,071	7,548	32,998	64,147	64,117	86,596	102,039	0	0	0
Non-operating distributions from co-investments
270,290	273,290	91,161	71,622	91,331	83,661	112,431	133,461	109,744	162,439	154,239	109,341	110,110	76,231	34,564	55,430	42,012	31,938	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-754,080	-527,691	-628,322	-332,352	-180,152	-59,893	-218,472	-363,309	-487,030	-567,940	-633,548	-495,578	-512,211	-413,071	-330,050	-331,534	-519,459	-725,556	-655,142	-986,173	-1,373,422	-1,147,156	-1,297,044	-908,152	-408,549	-453,696	-603,059	-777,641	-873,824	-812,138	-685,337	-591,842	-385,648	-425,783	-517,862	-537,831	-517,559	-510,868	0	0	0
Cash flows from financing activities:
Proceeds from unsecured debt and mortgage notes
1,045,196	1,045,290	892,762	498,234	498,234	298,773	298,773	298,773	646,754	597,981	767,539	498,653	613,387	669,282	73,508	486,995	191,149	641,816	1,424,116	1,695,793	2,616,188	2,093,406	2,064,491	1,685,633	967,559	969,061	1,039,772	1,587,745	1,821,741	1,745,853	1,990,616	1,631,845	1,369,891	1,514,684	1,469,872	1,646,871	1,355,811	1,214,216	0	0	0
Payments on unsecured debt and mortgage notes
768,204	1,026,616	868,827	593,097	507,625	230,398	263,437	259,336	336,888	561,160	747,477	443,506	530,137	532,020	-418,527	32,189	34,807	261,734	1,411,024	1,467,522	2,038,265	1,814,020	1,541,814	1,333,038	783,631	750,900	711,266	1,195,236	1,473,187	1,371,317	1,740,378	1,445,095	1,421,577	1,435,135	1,287,228	1,380,022	951,771	882,646	0	0	0
Proceeds from lines of credit
2,410,610	1,939,213	1,773,825	1,280,265	1,053,158	742,961	871,583	953,461	834,516	982,246	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of lines of credit
2,060,610	1,884,213	1,553,825	1,165,935	1,053,158	921,961	874,192	950,791	1,010,749	928,246	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retirement of common stock
176,311	56,989	104,448	104,448	104,448	51,233	3,774	3,774	3,774	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to deferred charges
10,625	10,898	9,603	6,352	6,412	4,250	4,093	3,989	6,377	4,108	6,734	6,854	7,903	7,926	9,014	8,540	4,615	8,034	4,781	5,457	12,564	17,402	20,507	19,965	15,980	7,402	4,128	7,923	7,130	6,707	7,484	6,714	5,352	5,533	6,741	4,927	4,188	4,109	0	0	0
Net proceeds from issuance of common stock
72,489	72,539	72,113	-648	-872	-919	8,195	8,137	89,053	89,055	80,375	80,460	-315	-384	23,920	59,194	157,411	332,137	389,750	525,709	548,375	531,379	464,308	293,178	172,440	137,749	211,767	309,681	449,035	357,720	335,781	326,283	317,085	323,931	391,822	357,044	272,582	251,455	0	0	0
Payments to settle derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,395	67,010	83,677	83,677	81,282	0	0	0
Equity related issuance cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	616	560	384	309	171	310	777	627	0	0	0	-	-	-	-
Net proceeds from stock options exercised
45,097	37,467	39,884	13,092	11,690	6,213	5,307	6,458	22,063	26,635	25,150	29,230	19,511	18,949	22,245	19,954	16,159	26,540	26,686	23,882	25,476	11,039	6,728	6,271	4,767	4,958	5,230	5,433	3,077	2,643	2,441	2,403	6,558	6,986	8,371	8,536	5,032	4,765	0	0	0
Payments related to tax withholding for share-based compensation
5,857	3,688	4,361	4,361	4,353	869	221	221	294	316	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interest
28,493	27,993	27,182	27,826	30,102	29,050	28,284	27,247	27,053	26,552	25,895	26,825	25,901	25,334	25,110	22,902	22,339	21,055	20,037	20,988	17,070	17,465	17,597	16,187	18,462	18,488	17,924	17,368	16,836	16,691	16,543	16,430	15,785	16,963	18,396	22,125	24,484	24,795	0	0	0
Redemption of noncontrolling interest
25,723	36,568	15,356	15,455	13,546	1,333	23,888	25,109	27,510	28,580	4,925	3,806	2,492	2,511	2,435	2,366	1,556	2,621	3,667	5,691	7,806	5,753	5,305	6,244	4,483	5,711	10,504	8,322	7,880	6,986	2,338	2,049	5,081	5,387	5,085	7,140	24,290	24,186	0	0	0
Redemption of redeemable noncontrolling interest
0	73	174	174	217	144	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock dividends paid
514,108	507,754	501,730	496,414	491,104	484,182	476,825	469,461	461,371	450,625	439,960	429,264	420,515	411,134	401,541	391,726	379,070	367,257	355,174	342,632	247,849	260,574	223,922	188,031	235,904	180,668	174,952	168,417	160,943	156,250	151,276	146,562	142,086	138,622	134,469	130,284	126,599	123,629	0	0	0
Net cash provided by (used in) financing activities
-17,945	-461,689	-306,922	-623,119	-648,755	-676,392	-497,352	-479,595	-288,803	-310,843	-351,580	-319,396	-268,561	-256,474	-221,208	-197,666	-310,004	107,456	45,869	403,094	866,577	520,610	726,998	422,142	86,439	148,599	337,379	505,033	609,893	550,356	413,048	345,553	70,285	208,348	314,274	347,806	413,068	328,431	0	0	0
Net increase (decrease) in unrestricted and restricted cash and cash equivalents
158,221	-70,301	-82,900	-122,605	-14,952	90,269	111,353	-22,300	38,826	-109,176	-225,266	-76,011	-41,284	47,247	159,499	152,273	-171,036	4,073	17,791	12,296	199,282	7,119	8,368	-2,271	-10,926	-115	7,566	16,085	17,100	5,717	-7,077	-4,677	-83,939	-864	-5,648	442	75,371	-6,907	0	0	0
Cash acquired from consolidation of co-investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	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)
204,991	194,418	202,765	198,232	205,411	203,803	209,460	206,211	204,072	212,163	212,302	217,160	204,031	203,743	185,553	187,790	178,872	181,106	173,085	172,601	154,587	130,691	120,262	97,900	106,100	103,516	103,638	98,075	96,857	95,597	91,617	93,672	88,133	89,691	88,531	87,043	87,897	83,497	0	0	0
Interest capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating cash flows from operating leases
6,832	6,811	5,097	3,392	1,694	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of noncash investing and financing activities:
Issuance of Operating Partnership units for contributed properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,419,816	1,419,816	1,419,816	1,419,816	0	0	0	0	-	-	-	-	-	-	-	-	4,038	0	0	0
Issuance of DownREIT units in connection with acquisition of real estate
-	-	-	-	-	-	-	-	-	22,506	22,506	22,506	22,506	0	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers between real estate under development and rental properties, net
151,653	19,812	15,369	2,235	100,414	100,415	99,765	99,191	1,667	2,413	99	-2,703	-2,737	104,159	106,890	116,355	254,002	308,704	246,776	306,374	169,478	10,203	71,496	4,581	3,071	68	1,052	2,405	6,457	6,632	83,867	128,724	123,726	165,214	0	0	0	-	-	-	-
Transfer from real estate under development to co-investments
1,182	671	319	453	801	853	1,593	2,375	3,360	5,075	5,709	8,774	9,661	9,919	8,653	6,939	7,010	6,234	8,155	37,578	82,011	83,574	81,332	77,682	31,031	27,906	0	0	0	-	-	-	-	54,472	0	0	0	-	-	-	-
Reclassifications (from) to redeemable noncontrolling interest to/from additional paid in capital and noncontrolling interest
-4,526	2,008	2,587	748	979	1,165	1,415	793	1,287	65	1,478	1,270	-788	-768	19,711	20,892	21,478	22,387	1,335	574	20,426	18,766	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease right-of-use assets
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease liabilities
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contribution of note receivable to co-investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,325	0	0	0	-	-	-	-	-	-	-	-
Change in accrual of dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	5,441	5,362	5,733	5,160	3,206	3,868	3,351	2,590	2,655	0	0	0
Change in fair value of derivative liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,010	6,440	4,635	4,461	3,570	1,235	-1,708	230	-21,278	-38,297	-4,221	1,907	0	0	0
Change in fair value of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-1,125	1,870	1,709	459	6,980	1,398	1	2,836	3,860	3,303	7,253	6,670	0	0	0
Change in construction payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	1,113	3,191	3,407	4,257	2,518	2,156	-401	680	1,304	0	0	0
Debt assumed in connection with acquisition
-	-	-	-	-	-	-	-	-	51,882	51,882	51,882	51,882	48,832	48,832	48,832	48,832	114,435	187,003	187,003	187,003	72,568	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Essex Portfolio, L.P.
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
667,708	464,448	453,706	434,116	442,465	413,599	398,821	397,746	367,131	458,043	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
494,741	483,750	481,439	481,482	481,347	479,884	477,275	473,874	472,483	468,881	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discount on marketable securities
25,574	28,491	21,361	20,037	18,791	17,637	16,940	16,318	15,703	15,119	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discount and debt financing costs, net
7,457	5,689	2,825	491	-1,394	-2,587	-2,774	-2,983	-3,303	-5,948	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of marketable securities
1,316	1,271	805	686	-1	737	928	840	984	1,909	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (gain) loss on equity securities recognized through income
-7,496	5,710	-1,305	-10,367	-1,525	-5,159	426	754	876	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings from co-investments
66,060	61,039	68,017	63,105	62,065	78,563	75,343	68,224	63,483	41,608	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating distributions from co-investments
100,861	99,277	83,989	77,185	76,960	99,593	109,294	110,420	104,843	76,764	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest from notes and other receivables
4,943	6,012	5,943	5,699	5,566	5,436	5,308	5,088	4,677	4,030	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on the sale of real estate and land
-	-	-	-	-	-	-	-	-	26,423	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity-based compensation
6,347	7,010	6,674	6,550	7,113	7,135	11,601	11,831	10,123	9,286	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
2,702	3,717	7,143	1,668	1,336	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on remeasurement of co investment
234,694	31,535	32,788	32,788	32,788	1,253	0	0	2,159	88,641	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses, receivables, operating lease right-of-use assets, and other assets
-10,309	-5,751	1,351	3,050	2,217	1,203	4,204	7,331	2,831	3,004	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accrued liabilities, and operating lease liabilities
8,464	29,551	8,667	9,502	1,599	-145	-8,793	-7,466	-3,805	-13,474	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
3,030	2,206	2,203	1,678	1,284	1,175	129	-237	-562	-170	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
930,246	919,079	852,344	832,866	813,955	826,554	827,177	820,604	814,659	769,607	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of real estate and acquisition related capital expenditures, net of cash acquired
547,143	133,825	100,893	57,420	57,422	15,311	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redevelopment
74,434	70,295	73,371	67,338	71,264	73,000	73,942	75,885	73,581	69,928	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development acquisitions of and additions to real estate under development
144,609	158,234	181,498	193,577	183,875	182,772	176,664	161,473	145,479	137,733	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures on rental properties
101,765	101,689	96,142	92,636	83,812	81,684	78,967	78,139	76,874	72,812	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in notes receivable
-	-	-	-	-	-	-	-	-	106,461	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collections of notes and other receivables
264,931	168,720	2,500	2,500	2,500	29,500	84,500	84,500	84,500	55,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from insurance for property losses
2,608	3,734	3,770	3,189	2,426	1,408	1,237	1,130	778	648	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from dispositions of real estate
-	-	-	-	-	-	-	-	-	132,039	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to co-investments
297,941	402,284	368,468	231,889	232,665	162,437	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in refundable deposits
-96	-5	-3,715	-3,623	819	414	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of marketable securities
48,776	46,458	51,475	50,055	32,928	37,952	31,355	62,273	60,391	67,893	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales and maturities of marketable securities
-130,849	-147,531	-66,185	-62,772	-38,789	-31,521	-24,605	-25,690	-20,157	-35,481	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-operating distributions from co-investments
270,290	273,290	91,161	71,622	91,331	83,661	112,431	133,461	109,744	162,439	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-754,080	-527,691	-628,322	-332,352	-180,152	-59,893	-218,472	-363,309	-487,030	-567,940	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from unsecured debt and mortgage notes
1,045,196	1,045,290	892,762	498,234	498,234	298,773	298,773	298,773	646,754	597,981	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on unsecured debt and mortgage notes
768,204	1,026,616	868,827	593,097	507,625	230,398	263,437	259,336	336,888	561,160	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from lines of credit
2,410,610	1,939,213	1,773,825	1,280,265	1,053,158	742,961	871,583	953,461	834,516	982,246	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of lines of credit
2,060,610	1,884,213	1,553,825	1,165,935	1,053,158	921,961	874,192	950,791	1,010,749	928,246	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retirement of common stock
176,311	56,989	104,448	104,448	104,448	51,233	3,774	3,774	3,774	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to deferred charges
10,625	10,898	9,603	6,352	6,412	4,250	4,093	3,989	6,377	4,108	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of common stock
72,489	72,539	72,113	-648	-872	-919	8,195	8,137	89,053	89,055	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from stock options exercised
45,097	37,467	39,884	13,092	11,690	6,213	5,307	6,458	22,063	26,635	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments related to tax withholding for share-based compensation
5,857	3,688	4,361	4,361	4,353	869	221	221	294	316	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interest
7,345	7,288	7,881	7,983	8,210	8,518	8,799	8,612	4,594	7,752	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of noncontrolling interest
25,723	36,568	15,356	15,455	13,546	1,333	23,888	25,109	27,510	28,580	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of redeemable noncontrolling interest
0	73	174	174	217	144	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock dividends paid
535,256	528,459	521,031	516,257	512,996	504,714	496,310	488,096	483,830	469,425	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-17,945	-461,689	-306,922	-623,119	-648,755	-676,392	-497,352	-479,595	-288,803	-310,843	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in unrestricted and restricted cash and cash equivalents
158,221	-70,301	-82,900	-122,605	-14,952	90,269	111,353	-22,300	38,826	-109,176	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest (net of $4.8 million and $5.9 million capitalized in 2020 and 2019, respectively)
204,991	194,418	202,765	198,232	205,411	203,803	209,460	206,211	204,072	212,163	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating cash flows from operating leases
6,832	6,811	5,097	3,392	1,694	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of DownREIT units in connection with acquisition of real estate
-	-	-	-	-	-	-	-	-	22,506	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers between real estate under development and rental properties, net
151,653	19,812	15,369	2,235	100,414	100,415	99,765	99,191	1,667	2,413	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from real estate under development to co-investments
1,182	671	319	453	801	853	1,593	2,375	3,360	5,075	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassifications (from) to redeemable noncontrolling interest to/from additional paid in capital and noncontrolling interest
-4,526	2,008	2,587	748	979	1,165	1,415	793	1,287	65	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease right-of-use assets
0	77,645	77,645	77,645	77,645	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease liabilities
0	79,693	79,693	79,693	79,693	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt assumed in connection with acquisition
-	-	-	-	-	-	-	-	-	51,882	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subsidiaries [Member]
Payments to Acquire Real Estate
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Equity Method Investments
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in restricted cash and refundable deposits
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-