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Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2019
Quarterly Results of Operations (Unaudited) [Abstract] |
Summary of Quarterly Results of Operations | Essex Property Trust, Inc. The following is a summary of quarterly results of operations for 2019 and 2018 ($ in thousands, except per share and dividend amounts):
| Quarter ended December 31 |  | Quarter ended September 30 |  | Quarter ended June 30 |  | Quarter ended March 31
2019: |  |  |  |  |  |  |
Total property revenues | $ | 372,861 |  |  | $ | 364,504 |  |  | $ | 359,375 |  |  | $ | 353,888 |
Net income | $ | 135,182 |  |  | $ | 105,700 |  |  | $ | 98,061 |  |  | $ | 125,505 |
Net income available to common stockholders | $ | 128,818 |  |  | $ | 99,335 |  |  | $ | 92,275 |  |  | $ | 118,858 |
Per share data: |  |  |  |  |  |  |  |  |  |  |
Net income: |  |  |  |  |  |  |  |  |  |  |
Basic (1) | $ | 1.95 |  |  | $ | 1.51 |  |  | $ | 1.40 |  |  | $ | 1.81 |
Diluted (1) | $ | 1.95 |  |  | $ | 1.51 |  |  | $ | 1.40 |  |  | $ | 1.81 |
Dividends declared | $ | 1.95 |  |  | $ | 1.95 |  |  | $ | 1.95 |  |  | $ | 1.95 |
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 |
(1) | Quarterly earnings per common share amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common shares outstanding and included in the calculation of basic and diluted shares.
Essex Portfolio, L.P. |
Quarterly Results of Operations (Unaudited) [Abstract] |
Summary of Quarterly Results of Operations | Essex Portfolio, L.P. The following is a summary of quarterly results of operations for 2019 and 2018 ($ in thousands, except per unit and distribution amounts):
| Quarter ended December 31 |  | Quarter ended September 30 |  | Quarter ended June 30 |  | Quarter ended March 31
2019: |  |  |  |  |  |  |
Total property revenues | $ | 372,861 |  |  | $ | 364,504 |  |  | $ | 359,375 |  |  | $ | 353,888 |
Net income | $ | 135,182 |  |  | $ | 105,700 |  |  | $ | 98,061 |  |  | $ | 125,505 |
Net income available to common unitholders | $ | 133,298 |  |  | $ | 102,799 |  |  | $ | 95,503 |  |  | $ | 123,029 |
Per unit data: |  |  |  |  |  |  |  |  |  |  |
Net income: |  |  |  |  |  |  |  |  |  |  |
Basic (1) | $ | 1.95 |  |  | $ | 1.51 |  |  | $ | 1.40 |  |  | $ | 1.81 |
Diluted (1) | $ | 1.95 |  |  | $ | 1.51 |  |  | $ | 1.40 |  |  | $ | 1.81 |
Distributions declared | $ | 1.95 |  |  | $ | 1.95 |  |  | $ | 1.95 |  |  | $ | 1.95 |
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 |
(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 units.

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