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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 | 9 Months Ended
--- | --- | ---
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020
Basic: |  |  |  |
Net income available to common stockholders/unitholders | $ 118,390 | $ 73,661 | $ 351,680 | $ 473,125
Weighted average common shares/units (in shares) | 65,048,486 | 65,232,837 | 65,013,477 | 65,561,820
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.82 | $ 1.13 | $ 5.41 | $ 7.22
Effect of Dilutive Securities: |  |  |  |
Stock options (in shares) | 99,295 | 8,591 | 61,697 | 20,026
DownREIT units (in shares) |  |  | 0 | 94,247
Diluted: |  |  |  |
Net income available to common stockholders/unitholders | $ 118,390 | $ 73,661 | $ 351,680 | $ 473,712
Weighted average common shares/units (in shares) | 65,147,781 | 65,241,428 | 65,075,174 | 65,676,093
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.82 | $ 1.13 | $ 5.40 | $ 7.21
Essex Portfolio, L.P. |  |  |  |
Basic: |  |  |  |
Net income available to common stockholders/unitholders | $ 122,558 | $ 76,254 | $ 364,083 | $ 489,668
Weighted average common shares/units (in shares) | 67,336,164 | 67,528,346 | 67,307,259 | 67,858,961
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.82 | $ 1.13 | $ 5.41 | $ 7.22
Effect of Dilutive Securities: |  |  |  |
Stock options (in shares) | 99,295 | 8,591 | 61,697 | 20,026
DownREIT units (in shares) |  |  | 0 | 94,247
Diluted: |  |  |  |
Net income available to common stockholders/unitholders | $ 122,558 | $ 76,254 | $ 364,083 | $ 490,255
Weighted average common shares/units (in shares) | 67,435,459 | 67,536,937 | 67,368,956 | 67,973,234
Net income available to common stockholders/unitholders (in dollars per share) | $ 1.82 | $ 1.13 | $ 5.40 | $ 7.21
DownREIT Units |  |  |  |
Effect of Dilutive Securities: |  |  |  |
Income effect of Dilutive Securities |  |  | $ 0 | $ 587
DownREIT Units | Essex Portfolio, L.P. |  |  |  |
Effect of Dilutive Securities: |  |  |  |
Income effect of Dilutive Securities |  |  | $ 0 | $ 587
Convertible units |  |  |  |
Diluted: |  |  |  |
Antidilutive securities excluded from computation of earnings per share, amount (in shares) | 2,287,678 | 2,295,510 | 2,291,725 | 2,297,141
Income allocated to convertible OP Units | $ 4,200 | $ 2,600 | $ 12,400 | $ 16,500
Stock options |  |  |  |
Diluted: |  |  |  |
Antidilutive securities excluded from computation of earnings per share, amount (in shares) | 0 | 493,567 | 116,380 | 299,046
Stock options | Essex Portfolio, L.P. |  |  |  |
Diluted: |  |  |  |
Antidilutive securities excluded from computation of earnings per share, amount (in shares) | 0 | 493,567 | 116,380 | 299,046

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