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v3.21.2

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, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020
Basic: |  |  |  |
Net income available to common stockholders/unitholders | $ 64,846 | $ 84,458 | $ 233,290 | $ 399,464
Weighted average common shares/units (in shares) | 65,001,677 | 65,412,407 | 64,995,682 | 65,728,119
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.00 | $ 1.29 | $ 3.59 | $ 6.08
Effect of Dilutive Securities: |  |  |  |
Stock options (in shares) | 79,069 | 15,528 | 52,334 | 32,981
DownREIT units (in shares) |  |  | 0 | 94,247
Diluted: |  |  |  |
Net income available to common stockholders/unitholders | $ 64,846 | $ 84,458 | $ 233,290 | $ 399,856
Weighted average common shares/units (in shares) | 65,080,746 | 65,427,935 | 65,048,016 | 65,855,347
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.00 | $ 1.29 | $ 3.59 | $ 6.07
Essex Portfolio, L.P. |  |  |  |
Basic: |  |  |  |
Net income available to common stockholders/unitholders | $ 67,134 | $ 87,422 | $ 241,525 | $ 413,414
Weighted average common shares/units (in shares) | 67,295,437 | 67,708,157 | 67,289,464 | 68,026,084
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.00 | $ 1.29 | $ 3.59 | $ 6.08
Effect of Dilutive Securities: |  |  |  |
Stock options (in shares) | 79,069 | 15,528 | 52,334 | 32,981
DownREIT units (in shares) |  |  | 0 | 94,247
Diluted: |  |  |  |
Net income available to common stockholders/unitholders | $ 67,134 | $ 87,422 | $ 241,525 | $ 413,806
Weighted average common shares/units (in shares) | 67,374,506 | 67,723,685 | 67,341,798 | 68,153,312
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.00 | $ 1.29 | $ 3.59 | $ 6.07
Convertible units |  |  |  |
Diluted: |  |  |  |
Antidilutive securities excluded from computation of earnings per share, amount (in shares) | 2,293,760 | 2,295,750 | 2,293,782 | 2,297,966
Income allocated to convertible OP Units | $ 2,300 | $ 3,000 | $ 8,200 | $ 14,000
Stock options |  |  |  |
Diluted: |  |  |  |
Antidilutive securities excluded from computation of earnings per share, amount (in shares) | 136,172 | 431,253 | 0 | 290,570
Stock options | Essex Portfolio, L.P. |  |  |  |
Diluted: |  |  |  |
Antidilutive securities excluded from computation of earnings per share, amount (in shares) | 136,172 | 431,253 | 0 | 290,570
Subsidiaries | DownREIT Units |  |  |  |
Effect of Dilutive Securities: |  |  |  |
Income effect of Dilutive Securities |  |  | $ 0 | $ 392
Subsidiaries | DownREIT Units | Essex Portfolio, L.P. |  |  |  |
Effect of Dilutive Securities: |  |  |  |
Income effect of Dilutive Securities |  |  | $ 0 | $ 392

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