ESSEX PROPERTY TRUST, INC. ESS Income Statement

Essex property trust, inc. (ESS)

Income statement / 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	Sep'09	Jun'09
Revenues:
Rental and other property
389,750	372,861	364,504	359,375	353,888	350,787	348,610	346,526	344,947	342,417	341,974	336,766	333,168	326,905	327,078	319,562	312,178	308,646	302,522	294,101	280,229	276,778	268,512	256,952	159,349	157,312	152,177	148,781	145,057	136,939	134,518	129,765	125,474	117,320	117,226	114,906	111,208	103,491	103,368	99,163	99,706	100,670	102,476
Management and other fees from affiliates
2,617	2,504	2,428	2,260	2,335	2,371	2,307	2,197	2,308	2,647	2,395	2,296	2,236	2,133	2,093	2,028	2,024	2,100	2,104	2,061	2,644	2,490	2,361	2,836	1,660	510	1,771	2,034	2,948	3,177	3,072	2,796	2,444	2,196	1,940	1,420	1,224	1,092	959	1,022	1,478	1,024	1,156
Total revenues
392,367	375,365	366,932	361,635	356,223	353,158	350,917	348,723	347,255	345,064	344,369	339,062	335,404	329,038	329,171	321,590	314,202	310,746	304,626	296,162	282,873	279,268	270,873	259,788	161,009	157,822	153,948	150,815	148,005	140,116	137,590	132,561	127,918	119,516	119,166	116,326	112,432	104,583	104,327	100,185	101,184	101,694	103,632
Expenses:
Property operating, excluding real estate taxes
64,131	61,560	63,181	59,162	58,622	59,303	59,100	58,111	57,250	58,048	59,033	55,859	56,136	34,265	63,781	61,538	60,071	61,407	60,528	57,400	55,618	58,199	56,294	53,213	36,967	37,889	35,787	34,131	32,253	31,581	32,763	30,718	28,751	27,308	29,642	28,946	27,837	26,677	27,600	25,101	24,671	26,893	24,844
Real estate taxes
43,012	40,177	39,290	36,285	39,418	39,147	38,675	36,035	37,713	38,027	37,531	34,884	35,868	34,622	35,580	34,541	34,419	30,734	33,591	32,677	31,553	30,421	31,768	30,345	15,339	14,503	14,535	14,165	14,073	12,932	12,310	11,699	11,413	11,157	11,208	10,825	10,587	9,765	10,106	9,716	9,528	9,216	8,989
Corporate, Property Management Expenses
8,759	8,003	8,255	8,212	8,429	7,749	7,761	7,782	7,770	7,552	7,573	7,522	7,509	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
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	49,733	48,227	47,673	46,787	43,741	42,897	41,801	40,734	38,220	37,881	37,250	36,658	35,047	31,531	31,156	30,487	29,843	28,903
General and Administrative Expense
13,982	15,531	11,345	13,927	13,459	16,912	10,601	11,125	14,813	10,659	9,788	10,337	10,601	12,224	9,647	9,698	9,182	8,867	11,129	9,549	10,545	12,258	11,479	9,558	7,583	7,593	6,263	6,589	6,239	6,867	5,276	5,764	5,400	5,069	4,966	5,385	5,274	5,243	6,175	6,219	5,618	6,086	5,852
Cost of management and other fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,701	1,620	1,642	1,611	1,640	-	1,164	1,073	-	-	-	-	-	-	-
Merger and integration expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,410	2,388	22,988	3,857	26,497	188	-	237	168	387	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Acquisition Related Costs
87	99	13	24	32	38	31	68	57	415	324	274	556	462	284	267	828	1,057	381	429	547	-14,761	51	529	16,059	4,284	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Impairment Charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,615	-	-	11,104	0
Owned Property Management Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	925	-	-	-	-	-	-
Total expenses
261,530	255,383	242,893	237,075	240,528	243,746	237,020	232,451	236,708	232,689	231,700	226,815	226,173	223,518	219,759	215,717	214,207	218,542	221,937	215,196	207,558	215,807	205,735	221,434	126,448	112,670	105,049	102,726	101,440	96,741	94,888	91,593	87,938	83,202	84,861	83,479	81,281	80,126	77,027	72,192	70,304	83,142	68,588
Gains (Losses) on Sales of Investment Real Estate
-	-	0	0	-	-	0	22,244	-	0	249	0	26,174	134,303	0	0	20,258	40,221	0	0	7,112	7,186	31,372	0	7,481	0	0	0	1,503	0	0	0	0	-	-	-	-	-	-	-	-	0	-
Earnings from operations
130,837	116,818	124,039	124,560	115,695	149,029	113,897	138,516	110,547	138,798	112,669	112,247	109,231	105,520	109,412	105,873	99,995	92,204	82,689	80,966	75,315	63,461	65,138	38,354	34,561	45,152	48,899	48,089	46,565	43,375	42,702	40,968	39,980	36,314	34,305	32,847	31,151	24,457	27,300	27,993	30,880	18,552	35,044
Interest expense
55,147	54,688	54,896	54,112	53,643	54,157	55,196	56,278	54,861	55,561	55,938	56,812	54,583	54,927	56,693	55,568	52,466	56,426	50,053	50,802	47,546	47,529	45,830	42,151	29,041	32,794	29,192	29,327	25,211	25,863	25,064	24,659	24,658	25,077	22,096	22,710	21,811	20,734	21,025	20,161	20,836	21,966	21,509
Total return swap income
2,000	2,246	2,200	2,000	2,000	2,037	2,200	2,200	2,270	2,429	2,538	2,531	2,600	2,636	3,143	2,814	3,123	5,655	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,930	2,964	2,927	2,882	2,871	2,951	2,936	2,736	2,851	-	1,177	843	-	-	-
Interest and other income (loss)
-5,221	17,005	8,685	8,347	12,261	1,769	8,437	6,895	5,909	6,688	5,790	5,362	6,764	7,745	4,943	9,409	5,208	4,323	7,367	3,254	4,199	3,126	2,992	2,814	2,879	2,306	2,387	1,917	5,023	2,962	3,003	5,455	2,413	4,783	2,741	2,628	6,987	7,113	5,788	7,085	7,855	3,471	2,867
Equity income from co-investments
21,297	57,201	21,700	16,959	16,276	24,521	16,788	15,049	32,774	45,511	19,727	10,308	10,899	9,766	9,568	14,296	15,068	5,899	7,179	4,472	4,311	18,828	4,910	5,629	10,526	3,570	40,802	7,282	4,211	32,747	3,547	3,111	2,340	-137	317	726	-1,373	-688	-626	-360	-41	-32	158
Deferred tax expense on unrealized gain on unconsolidated co-investment
-	-	1,457	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on early retirement of debt, net
321	-3,426	5,475	332	1,336	0	0	0	0	-	-	-	-	-	-211	-	-	-40,128	0	12,652	21,362	-268	0	0	0	-	-178	1,024	-	-	-1,211	-1,450	-	-	-567	-253	-	-	0	-10	-	0	0
Deferred tax expense on gain on sale of real estate and land
-	-	-	-	-	-	-	-	-	-	-	-	-	131	0	0	4,279	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	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	0	21,947	-	-	0	0	-	-	-	-	-	-	-
Income before discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,161	-	-	-	-	-	-	-	12,103	-	10,260	13,704	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,718	28,985	-	-	20,050	42,490	17,204	-	11,764	10,502	-	-	-	-	-	25	16,560
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,884	13,157	590	542	1,728	172	0	10,037	5,282	-679	5,551	404	-	166	165	-	2,324	892
Net income
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	44,804	58,582	4,646	26,406	36,902	75,875	29,575	29,703	49,637	20,222	42,490	27,241	17,871	11,085	16,053	12,507	8,629	10,426	13,869	17,858	2,349	17,452
Net income attributable to noncontrolling interest
13,759	6,364	6,365	5,786	6,647	6,620	5,135	5,970	5,721	6,049	5,312	5,036	8,587	8,948	4,601	4,811	5,071	4,824	3,545	3,674	4,076	3,317	3,720	2,125	3,126	3,660	5,719	3,261	3,132	4,476	2,635	4,044	3,151	2,565	2,031	2,304	3,546	3,309	3,506	3,844	4,189	3,588	4,453
Net income attributable to controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	195,569	65,561	72,013	81,836	80,938	43,637	46,868	60,677	41,487	54,862	2,521	23,280	33,242	70,156	26,314	26,571	45,161	17,587	38,446	24,090	15,306	9,054	13,749	8,961	5,320	6,920	10,025	13,669	-1,239	12,999
Dividends to preferred stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,314	1,314	1,314	1,313	1,314	1,313	1,296	1,314	1,368	1,368	1,368	1,368	1,368	1,368	1,368	1,368	1,368	1,368	1,367	1,475	543	542	543	543	542	902	1,584
Preferred Stock Redemption Premium
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,541	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,949	-	-	0	0	-	-23,880	0
Net income available to common stockholders
315,006	128,818	99,335	92,275	118,858	117,820	80,975	100,440	90,918	103,613	79,723	70,759	178,964	195,569	65,561	72,013	77,981	79,624	42,323	45,555	59,363	40,174	53,566	1,207	21,912	31,874	68,788	24,946	25,203	43,793	16,219	37,078	22,722	13,938	7,687	10,325	8,418	4,778	6,377	9,482	13,127	21,739	11,415
Comprehensive income
319,678	-	105,663	93,740	123,668	-	89,100	109,793	102,815	-	88,870	77,468	189,764	-	73,173	78,005	84,696	-	46,970	51,287	65,352	-	61,036	7,306	30,729	-	76,112	35,355	30,739	-	16,462	39,983	29,592	-	10,742	19,122	11,898	-	-	-	-	-	-
Comprehensive income attributable to noncontrolling interest
13,452	-	6,364	5,640	6,585	-	5,235	6,082	5,926	-	5,438	5,091	8,661	-	4,700	4,850	4,998	-	3,538	3,703	4,091	-	3,789	2,184	3,372	-	5,732	3,574	3,187	-	2,407	3,887	3,296	-	2,007	2,506	3,505	-	-	-	-	-	-
Comprehensive income attributable to controlling interest
306,226	-	99,299	88,100	117,083	-	83,865	103,711	96,889	-	83,432	72,377	181,103	-	68,473	73,155	79,698	-	43,432	47,584	61,261	-	57,247	5,122	27,357	-	70,380	31,781	27,552	-	14,055	36,096	26,296	-	8,735	16,616	8,393	-	-	-	-	-	-
Per share data:
Basic:
Income before discontinued operations available to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.43	1.51	0.65	0.67	1.19	0.45	1.07	0.39	0.28	0.25	0.16	0.25	-	0.21	0.32	-	0.71	0.39
Income from discontinued operations available to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.43	0.33	0.02	0.01	0.03	0.01	0.00	0.28	0.14	-0.02	0.16	0.02	-	0.00	0.00	-	0.08	0.04
Net income available to common stockholders/unitholders (in dollars per share)
4.77	1.95	1.51	1.40	1.81	1.78	1.23	1.52	1.38	1.56	1.21	1.08	2.73	2.99	1.00	1.10	1.19	1.23	0.65	0.70	0.92	0.62	0.85	0.02	0.58	0.86	1.84	0.67	0.68	1.22	0.46	1.07	0.67	0.42	0.23	0.32	0.27	0.16	0.21	0.32	0.45	0.79	0.43
Weighted average number of shares/common units outstanding during the period (in shares)
66,043	66,089	65,850	65,718	65,702	66,020	66,052	66,047	66,044	66,043	65,994	65,729	65,549	65,521	65,507	65,451	65,405	65,352	65,138	64,810	64,185	63,725	62,892	61,884	37,685	37,378	37,320	37,292	37,003	35,930	35,600	34,570	34,027	33,538	33,121	32,040	31,465	30,680	29,690	29,329	28,967	27,591	26,831
Diluted:
Income before discontinued operations available to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.42	1.51	0.65	0.67	1.19	0.44	1.07	0.39	0.28	0.25	0.16	0.25	-	0.21	-0.32	-	0.66	0.39
Income from discontinued operations available to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.43	0.33	0.02	0.01	0.03	0.01	0.00	0.28	0.14	-0.02	0.16	0.02	-	0.00	0.00	-	0.08	0.04
Net income available to common stockholders/unitholders (in dollars per share)
4.76	1.94	1.51	1.40	1.81	1.78	1.22	1.52	1.38	1.56	1.21	1.08	2.72	2.98	1.00	1.10	1.19	1.22	0.65	0.70	0.92	0.61	0.85	0.02	0.58	0.85	1.84	0.67	0.68	1.22	0.45	1.07	0.67	0.42	0.23	0.32	0.27	0.16	0.21	0.32	0.45	0.74	0.43
Weighted average number of shares/common units outstanding during the period (in shares)
66,195	66,179	65,973	65,821	65,783	66,057	66,103	66,096	66,082	65,835	66,078	65,819	65,859	65,600	65,617	65,575	65,557	65,581	65,297	64,972	64,394	63,725	63,069	62,059	37,931	37,421	37,436	37,390	37,092	35,940	35,699	34,708	34,151	33,623	33,209	32,135	31,546	30,753	29,762	29,402	29,018	30,070	26,853
Dividends/Distributions per common share/unit (in dollars per share)
-	-	-	-	-	-	-	-	-	-	1.75	1.75	1.75	-	1.60	1.60	1.60	-	1.44	1.44	1.44	-	1.30	1.30	1.21	-	1.21	1.21	1.21	-	1.10	1.10	1.10	-	1.04	1.04	1.04	-	1.03	1.03	1.03	1.03	1.03
Essex Portfolio, L.P.
Rental and other property
389,750	-	-	-	353,888	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management and other fees from affiliates
2,617	-	-	-	2,335	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
392,367	375,365	366,932	361,635	356,223	353,158	350,917	348,723	347,255	347,300	344,369	339,062	333,168	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property operating, excluding real estate taxes
64,131	61,560	63,181	59,162	58,622	59,303	59,100	58,111	57,250	58,048	59,033	55,859	56,136	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate taxes
43,012	40,177	39,290	36,285	39,418	39,147	38,675	36,035	37,713	38,027	37,531	34,884	35,868	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate, Property Management Expenses
8,759	8,003	8,255	8,212	8,429	7,749	7,761	7,782	7,770	7,552	7,573	7,522	7,509	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and Administrative Expense
13,982	15,531	11,345	13,927	13,459	16,912	10,601	11,125	14,813	10,659	9,788	10,337	10,601	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Acquisition Related Costs
87	99	13	24	32	38	31	68	57	415	324	274	556	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
261,530	255,383	242,893	237,075	240,528	243,746	237,020	232,451	236,708	232,689	231,700	226,815	226,173	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains (Losses) on Sales of Investment Real Estate
-	-	0	0	-	-	0	22,244	-	0	249	0	26,174	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings from operations
130,837	116,818	124,039	124,560	115,695	149,029	113,897	138,516	110,547	138,798	112,669	112,247	109,231	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
55,147	54,688	54,896	54,112	53,643	54,157	55,196	56,278	54,861	55,561	55,938	56,812	54,583	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total return swap income
1,984	2,272	2,154	1,975	2,045	2,025	2,184	2,228	2,270	2,445	2,538	2,531	2,584	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income (loss)
-5,221	17,005	8,685	8,347	12,261	1,769	8,437	6,895	5,909	6,688	5,790	5,362	6,764	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity income from co-investments
21,297	57,201	21,700	16,959	16,276	24,521	16,788	15,049	32,774	45,511	19,727	10,308	10,899	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax expense on unrealized gain on unconsolidated co-investment
-	-	1,457	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on early retirement of debt, net
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interest
2,773	1,884	2,901	2,558	2,476	2,549	2,346	2,510	2,589	2,513	2,591	2,614	2,441	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common stockholders
325,992	133,298	102,799	95,503	123,029	121,891	83,764	103,900	94,050	107,149	82,444	73,181	185,110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
319,678	-	105,663	93,740	123,668	-	89,100	109,793	102,815	-	88,870	77,468	189,764	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income attributable to noncontrolling interest
2,773	-	2,901	2,558	2,476	-	2,346	2,510	2,589	-	2,591	2,614	2,441	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income attributable to controlling interest
316,905	-	102,762	91,182	121,192	-	86,754	107,283	100,226	-	86,279	74,854	187,323	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common stockholders/unitholders (in dollars per share)
4.77	1.95	1.51	1.40	1.81	1.78	1.23	1.52	1.38	1.56	1.21	1.08	2.73	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average number of shares/common units outstanding during the period (in shares)
68,344	68,388	68,148	68,018	68,007	68,300	68,325	68,320	68,317	68,298	68,246	67,980	67,801	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common stockholders/unitholders (in dollars per share)
4.76	1.94	1.51	1.40	1.81	1.77	1.23	1.52	1.38	1.56	1.21	1.08	2.72	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average number of shares/common units outstanding during the period (in shares)
68,495	68,478	68,271	68,121	68,088	68,337	68,376	68,369	68,355	68,090	68,329	68,071	68,111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Essex Portfolio, L.P. [Member]
Management and other fees from affiliates
-	-	-	-	-	-	-	-	-	-	-	-	2,236	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
-	-	-	-	-	-	-	-	-	-	-	-	335,404	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends/Distributions per common share/unit (in dollars per share)
-	-	-	-	-	-	-	-	-	-	1.75	1.75	1.75	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-