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v3.20.2

Net Income Per Common Share and Net Income Per Common Unit (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019
Basic: |  |  |  |
Net income available to common stockholders/unitholders | $ 84,458 | $ 92,275 | $ 399,464 | $ 211,133
Weighted average common shares/units (in shares) | 65,412,407 | 65,718,806 | 65,728,119 | 65,710,842
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.29 | $ 1.40 | $ 6.08 | $ 3.21
Effect of Dilutive Securities: |  |  |  |
Stock options (in shares) | 15,528 | 103,009 | 32,981 | 91,575
DownREIT units (in shares) |  |  | 94,247 | 0
Diluted: |  |  |  |
Net income available to common stockholders/unitholders | $ 84,458 | $ 92,275 | $ 399,856 | $ 211,133
Weighted average common shares/units (in shares) | 65,427,935 | 65,821,815 | 65,855,347 | 65,802,417
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.29 | $ 1.40 | $ 6.07 | $ 3.21
Essex Portfolio, L.P. |  |  |  |
Basic: |  |  |  |
Net income available to common stockholders/unitholders | $ 87,422 | $ 95,503 | $ 413,414 | $ 218,532
Weighted average common shares/units (in shares) | 67,708,157 | 68,018,090 | 68,026,084 | 68,012,999
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.29 | $ 1.40 | $ 6.08 | $ 3.21
Effect of Dilutive Securities: |  |  |  |
Stock options (in shares) | 15,528 | 103,009 | 32,981 | 91,575
DownREIT units (in shares) |  |  | 94,247 | 0
Diluted: |  |  |  |
Net income available to common stockholders/unitholders | $ 87,422 | $ 95,503 | $ 413,806 | $ 218,532
Weighted average common shares/units (in shares) | 67,723,685 | 68,121,099 | 68,153,312 | 68,104,574
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.29 | $ 1.40 | $ 6.07 | $ 3.21
Convertible units |  |  |  |
Diluted: |  |  |  |
Antidilutive securities excluded from computation of earnings per share, amount (in shares) | 2,295,750 | 2,299,284 | 2,297,966 | 2,302,158
Income allocated to convertible OP Units | $ 3,000 | $ 3,200 | $ 14,000 | $ 7,400
Stock options |  |  |  |
Diluted: |  |  |  |
Antidilutive securities excluded from computation of earnings per share, amount (in shares) | 431,253 | 0 | 290,570 | 106,029
Stock options | Essex Portfolio, L.P. |  |  |  |
Diluted: |  |  |  |
Antidilutive securities excluded from computation of earnings per share, amount (in shares) | 431,253 | 0 |  |
Subsidiaries | DownREIT Units |  |  |  |
Effect of Dilutive Securities: |  |  |  |
Income effect of Dilutive Securities |  |  | $ 392 | $ 0
Subsidiaries | DownREIT Units | Essex Portfolio, L.P. |  |  |  |
Effect of Dilutive Securities: |  |  |  |
Income effect of Dilutive Securities |  |  | $ 392 | $ 0

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