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v3.22.4

Net Income Per Common Share and Net Income Per Common Unit (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Basic: |  |  |
Net income available to common stockholders | $ 408,315 | $ 488,554 | $ 568,870
Income from continuing operations available to common stockholders (in shares) | 65,079,764 | 65,051,465 | 65,454,057
Net income available to common stockholders/unitholders (in dollars per share) | $ 6.27 | $ 7.51 | $ 8.69
Diluted: |  |  |
Net income available to common stockholders | $ 408,315 | $ 488,554 | $ 569,653
Income from continuing operations available to common stockholders (in shares) | 65,098,186 | 65,088,874 | 65,564,982
Net income available to common stockholders/unitholders (in dollars per share) | $ 6.27 | $ 7.51 | $ 8.69
Stock Options |  |  |
Basic: |  |  |
Income effect of dilutive securities |  | $ 0 | $ 0
Effect of dilutive securities (in shares) | 18,422 | 37,409 | 16,678
Diluted: |  |  |
Anti-dilutive securities (in shares) | 253,845 | 116,380 | 403,458
DownREIT units |  |  |
Basic: |  |  |
Income effect of dilutive securities | $ 0 | $ 0 | $ 783
Effect of dilutive securities (in shares) | 0 | 0 | 94,247
Convertible Limited Partnership Units |  |  |
Diluted: |  |  |
Anti-dilutive securities (in shares) | 2,276,341 | 2,289,391 | 2,296,608
Income allocated to convertible OP Units | $ 14,300 | $ 17,200 | $ 20,000
Essex Portfolio, L.P. |  |  |
Basic: |  |  |
Net income available to common stockholders | $ 422,612 | $ 505,745 | $ 588,782
Income from continuing operations available to common stockholders (in shares) | 67,356,105 | 67,340,856 | 67,750,665
Net income available to common stockholders/unitholders (in dollars per share) | $ 6.27 | $ 7.51 | $ 8.69
Diluted: |  |  |
Net income available to common stockholders | $ 422,612 | $ 505,745 | $ 589,565
Income from continuing operations available to common stockholders (in shares) | 67,374,527 | 67,378,265 | 67,861,590
Net income available to common stockholders/unitholders (in dollars per share) | $ 6.27 | $ 7.51 | $ 8.69
Essex Portfolio, L.P. | Stock Options |  |  |
Basic: |  |  |
Income effect of dilutive securities | $ 0 | $ 0 | $ 0
Effect of dilutive securities (in shares) | 18,422 | 37,409 | 16,678
Diluted: |  |  |
Anti-dilutive securities (in shares) | 253,845 | 116,380 | 403,458
Essex Portfolio, L.P. | DownREIT units |  |  |
Basic: |  |  |
Income effect of dilutive securities | $ 0 | $ 0 | $ 783
Effect of dilutive securities (in shares) | 0 | 0 | 94,247

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