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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Data [Abstract] |
Quarterly Results of Operations (Unaudited) | Quarterly Results of Operations (Unaudited) Essex Property Trust, Inc. The following is a summary of quarterly results of operations for 2018 and 2017 ($ in thousands, except per share and dividend amounts):
| Quarter ended December 31 |  | Quarter ended September 30 |  | Quarter ended June 30 |  | Quarter ended March 31
2018: |  |  |  |  |  |  |
Total property revenues | $ | 350,787 |  |  | $ | 348,610 |  |  | $ | 346,526 |  |  | $ | 344,947 |
Net income | $ | 124,440 |  |  | $ | 86,110 |  |  | $ | 106,410 |  |  | $ | 96,639 |
Net income available to common stockholders | $ | 117,820 |  |  | $ | 80,975 |  |  | $ | 100,440 |  |  | $ | 90,918 |
Per share data: |  |  |  |  |  |  |  |  |  |  |
Net income: |  |  |  |  |  |  |  |  |  |  |
Basic (1) | $ | 1.78 |  |  | $ | 1.23 |  |  | $ | 1.52 |  |  | $ | 1.38 |
Diluted (1) | $ | 1.78 |  |  | $ | 1.22 |  |  | $ | 1.52 |  |  | $ | 1.38 |
Dividends declared | $ | 1.86 |  |  | $ | 1.86 |  |  | $ | 1.86 |  |  | $ | 1.86 |
2017: |  |  |  |  |  |  |  |  |  |  |
Total property revenues | $ | 342,417 |  |  | $ | 341,974 |  |  | $ | 336,766 |  |  | $ | 333,168 |
Net income | $ | 109,662 |  |  | $ | 85,035 |  |  | $ | 75,795 |  |  | $ | 187,551 |
Net income available to common stockholders | $ | 103,613 |  |  | $ | 79,723 |  |  | $ | 70,759 |  |  | $ | 178,964 |
Per share data: |  |  |  |  |  |  |  |  |  |  |
Net income: |  |  |  |  |  |  |  |  |  |  |
Basic (1) | $ | 1.57 |  |  | $ | 1.21 |  |  | $ | 1.08 |  |  | $ | 2.73 |
Diluted (1) | $ | 1.57 |  |  | $ | 1.21 |  |  | $ | 1.08 |  |  | $ | 2.72 |
Dividends declared | $ | 1.75 |  |  | $ | 1.75 |  |  | $ | 1.75 |  |  | $ | 1.75 |
(1) | Quarterly earnings per common unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common units outstanding and included in the calculation of basic and diluted shares.
Essex Portfolio, L.P. The following is a summary of quarterly results of operations for 2018 and 2017 ($ in thousands, except per unit and distribution amounts):
| Quarter ended December 31 |  | Quarter ended September 30 |  | Quarter ended June 30 |  | Quarter ended March 31
2018: |  |  |  |  |  |  |
Total property revenues | $ | 350,787 |  |  | $ | 348,610 |  |  | $ | 346,526 |  |  | $ | 344,947 |
Net income | $ | 124,440 |  |  | $ | 86,110 |  |  | $ | 106,410 |  |  | $ | 96,639 |
Net income available to common unitholders | $ | 121,891 |  |  | $ | 83,764 |  |  | $ | 103,900 |  |  | $ | 94,050 |
Per unit data: |  |  |  |  |  |  |  |  |  |  |
Net income: |  |  |  |  |  |  |  |  |  |  |
Basic (1) | $ | 1.78 |  |  | $ | 1.23 |  |  | $ | 1.52 |  |  | $ | 1.38 |
Diluted (1) | $ | 1.78 |  |  | $ | 1.23 |  |  | $ | 1.52 |  |  | $ | 1.38 |
Distributions declared | $ | 1.86 |  |  | $ | 1.86 |  |  | $ | 1.86 |  |  | $ | 1.86 |
2017: |  |  |  |  |  |  |  |  |  |  |
Total property revenues | $ | 342,417 |  |  | $ | 341,974 |  |  | $ | 336,766 |  |  | $ | 333,168 |
Net income | $ | 109,662 |  |  | $ | 85,035 |  |  | $ | 75,795 |  |  | $ | 187,551 |
Net income available to common unitholders | $ | 107,149 |  |  | $ | 82,444 |  |  | $ | 73,181 |  |  | $ | 185,110 |
Per unit data: |  |  |  |  |  |  |  |  |  |  |
Net income: |  |  |  |  |  |  |  |  |  |  |
Basic (1) | $ | 1.57 |  |  | $ | 1.21 |  |  | $ | 1.08 |  |  | $ | 2.73 |
Diluted (1) | $ | 1.57 |  |  | $ | 1.21 |  |  | $ | 1.08 |  |  | $ | 2.72 |
Distributions declared | $ | 1.75 |  |  | $ | 1.75 |  |  | $ | 1.75 |  |  | $ | 1.75 |
(1) | Quarterly earnings per common unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common units outstanding and included in the calculation of basic and diluted shares.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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