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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 | 9 Months Ended
--- | --- | ---
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019
Basic: |  |  |  |
Net income available to common stockholders/unitholders | $ 73,661 | $ 99,335 | $ 473,125 | $ 310,468
Weighted average common shares/units (in shares) | 65,232,837 | 65,850,524 | 65,561,820 | 65,757,914
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.13 | $ 1.51 | $ 7.22 | $ 4.72
Effect of Dilutive Securities: |  |  |  |
Stock options (in shares) | 8,591 | 122,561 | 20,026 | 99,746
DownREIT units (in shares) |  |  | 94,247 | 0
Diluted: |  |  |  |
Net income available to common stockholders/unitholders | $ 73,661 | $ 99,335 | $ 473,712 | $ 310,468
Weighted average common shares/units (in shares) | 65,241,428 | 65,973,085 | 65,676,093 | 65,857,660
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.13 | $ 1.51 | $ 7.21 | $ 4.71
Essex Portfolio, L.P. |  |  |  |
Basic: |  |  |  |
Net income available to common stockholders/unitholders | $ 76,254 | $ 102,799 | $ 489,668 | $ 321,331
Weighted average common shares/units (in shares) | 67,528,346 | 68,148,913 | 67,858,961 | 68,058,802
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.13 | $ 1.51 | $ 7.22 | $ 4.72
Effect of Dilutive Securities: |  |  |  |
Stock options (in shares) | 8,591 | 122,561 | 20,026 | 99,746
DownREIT units (in shares) |  |  | 94,247 | 0
Diluted: |  |  |  |
Net income available to common stockholders/unitholders | $ 76,254 | $ 102,799 | $ 490,255 | $ 321,331
Weighted average common shares/units (in shares) | 67,536,937 | 68,271,474 | 67,973,234 | 68,158,548
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.13 | $ 1.51 | $ 7.21 | $ 4.71
Convertible units |  |  |  |
Diluted: |  |  |  |
Antidilutive securities excluded from computation of earnings per share, amount (in shares) | 2,295,510 | 2,298,389 | 2,297,141 | 2,300,888
Income allocated to convertible OP Units | $ 2,600 | $ 3,500 | $ 16,500 | $ 10,900
Stock options |  |  |  |
Diluted: |  |  |  |
Antidilutive securities excluded from computation of earnings per share, amount (in shares) | 493,567 | 0 | 299,046 | 0
Stock options | Essex Portfolio, L.P. |  |  |  |
Diluted: |  |  |  |
Antidilutive securities excluded from computation of earnings per share, amount (in shares) | 493,567 | 0 |  |
Subsidiaries | DownREIT Units |  |  |  |
Effect of Dilutive Securities: |  |  |  |
Income effect of Dilutive Securities |  |  | $ 587 | $ 0
Subsidiaries | DownREIT Units | Essex Portfolio, L.P. |  |  |  |
Effect of Dilutive Securities: |  |  |  |
Income effect of Dilutive Securities |  |  | $ 587 | $ 0

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