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Organization and Basis of Presentation (Tables) | 9 Months Ended
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Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Components of Marketable Securities | As of September 30, 2025 and December 31, 2024, marketable securities consisted of the following ($ in thousands):
| September 30, 2025
| Amortized Cost |  | Gross Unrealized Gain |  | Carrying Value |  |  |  |
Equity securities: |  |  |  |  |  |  |  |  |
Investment funds - debt securities | $ | 2,677 |  |  | $ | 6 |  |  | $ | 2,683 |  |  |  |  |
Common stock, preferred stock and stock funds | 48,738 |  |  | 22,494 |  |  | 71,232 |  |  |  |  |
Available for sale debt securities: |  |  |  |  |  |  |  |  |
U.S. treasury and agency securities | 5,002 |  |  | 77 |  |  | 5,079 |  |  |  |  |
Corporate debt securities | 4,708 |  |  | 99 |  |  | 4,807 |  |  |  |  |
Municipal debt securities | 307 |  |  | 8 |  |  | 315 |  |  |  |  |
Total - Marketable securities | $ | 61,432 |  |  | $ | 22,684 |  |  | $ | 84,116 |  |  |  |  |
| December 31, 2024
| Amortized Cost |  | Gross Unrealized Gain (Loss) |  | Carrying Value |  |  |  |
Equity securities: |  |  |  |  |  |  |  |  |
Investment funds - debt securities | $ | 2,645 |  |  | $ | (67) |  |  | $ | 2,578 |  |  |  |  |
Common stock, preferred stock and stock funds | 49,195 |  |  | 18,021 |  |  | 67,216 |  |  |  |  |
Total - Marketable securities | $ | 51,840 |  |  | $ | 17,954 |  |  | $ | 69,794 |  |  |  |  |
Schedule of Changes in Accumulated Other Comprehensive Income, Net by Component | Changes in Accumulated Other Comprehensive Income, Net by Component Essex Property Trust, Inc. ($ in thousands):
| Change in fair value of derivatives and amortization of swap settlements |  | Unrealized gain on available for sale debt securities |  | Total
Balance at December 31, 2024 | $ | 24,655 |  |  | $ | — |  |  | $ | 24,655 |
Other comprehensive (loss) income before reclassification | (20,813) |  |  | 194 |  |  | (20,619) |
Amounts reclassified from accumulated other comprehensive income | 3,836 |  |  | (16) |  |  | 3,820 |
Other comprehensive (loss) income | (16,977) |  |  | 178 |  |  | (16,799) |
Balance at September 30, 2025 | $ | 7,678 |  |  | $ | 178 |  |  | $ | 7,856 |
Essex Portfolio, L.P. ($ in thousands):
| Change in fair value of derivatives and amortization of swap settlements |  | Unrealized gain on available for sale debt securities |  | Total
Balance at December 31, 2024 | $ | 29,429 |  |  | $ | — |  |  | $ | 29,429 |
Other comprehensive (loss) income before reclassification | (21,542) |  |  | 201 |  |  | (21,341) |
Amounts reclassified from accumulated other comprehensive income | 3,971 |  |  | (17) |  |  | 3,954 |
Other comprehensive (loss) income | (17,571) |  |  | 184 |  |  | (17,387) |
Balance at September 30, 2025 | $ | 11,858 |  |  | $ | 184 |  |  | $ | 12,042 |
Schedule of Changes in the Redemption Value of Noncontrolling Interests | The changes in the redemption value of redeemable noncontrolling interests for the nine months ended September 30, 2025 was as follows ($ in thousands):
Balance at December 31, 2024 | $ | 30,849 |
Reclassification due to change in redemption value and other | (1,103) |
Balance at September 30, 2025 | $ | 29,746 |
Schedule of Cash and Cash Equivalents | The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows ($ in thousands):
| September 30, 2025 |  | December 31, 2024 |  | September 30, 2024 |  | December 31, 2023
Cash and cash equivalents - unrestricted | $ | 65,959 |  |  | $ | 66,795 |  |  | $ | 71,288 |  |  | $ | 391,749 |
Cash and cash equivalents - restricted | 9,284 |  |  | 9,051 |  |  | 8,975 |  |  | 8,585 |
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statements of cash flows | $ | 75,243 |  |  | $ | 75,846 |  |  | $ | 80,263 |  |  | $ | 400,334 |
Schedule of Restricted Cash and Cash Equivalents | The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows ($ in thousands):
| September 30, 2025 |  | December 31, 2024 |  | September 30, 2024 |  | December 31, 2023
Cash and cash equivalents - unrestricted | $ | 65,959 |  |  | $ | 66,795 |  |  | $ | 71,288 |  |  | $ | 391,749 |
Cash and cash equivalents - restricted | 9,284 |  |  | 9,051 |  |  | 8,975 |  |  | 8,585 |
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statements of cash flows | $ | 75,243 |  |  | $ | 75,846 |  |  | $ | 80,263 |  |  | $ | 400,334 |

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