Net Income Per Common Share and Net Income Per Common Unit (Tables)

6 Months Ended

Jun. 30, 2025

Net Income Per Share and Net Income Per Unit [Line Items]

Schedule of Net Income Per Common Share

Basic and diluted income per share was calculated as follows for the periods presented ($ in thousands, except per share amounts):

	Three Months Ended June 30,
	2025					2024
	Income		Weighted- average Common Shares	Per Common Share Amount		Income		Weighted- average Common Shares	Per Common Share Amount
Basic:
Net income available to common stockholders	$	221,362	64,385,988	$	3.44	$	92,914	64,209,878	$	1.45
Effect of Dilutive Securities:
Stock options	—		21,625			—		17,773
Diluted:
Net income available to common stockholders	$	221,362	64,407,613	$	3.44	$	92,914	64,227,651	$	1.45

	Six Months Ended June 30,
	2025					2024
	Income		Weighted- average Common Shares	Per Common Share Amount		Income		Weighted- average Common Shares	Per Common Share Amount
Basic:
Net income available to common stockholders	$	424,472	64,350,640	$	6.60	$	365,645	64,207,482	$	5.69
Effect of Dilutive Securities:
Stock options	—		28,313			—		11,429
Diluted:
Net income available to common stockholders	$	424,472	64,378,953	$	6.59	$	365,645	64,218,911	$	5.69

Essex Portfolio, L.P.

Net Income Per Share and Net Income Per Unit [Line Items]

Schedule of Net Income Per Common Share

Basic and diluted income per unit was calculated as follows for the periods presented ($ in thousands, except per unit amounts):

	Three Months Ended June 30,
	2025					2024
	Income		Weighted- average Common  Units	Per Common Unit Amount		Income		Weighted- average Common  Units	Per Common Unit Amount
Basic:
Net income available to common unitholders	$	229,143	66,649,159	$	3.44	$	96,184	66,468,691	$	1.45
Effect of Dilutive Securities:
Stock options	—		21,625			—		17,773
Diluted:
Net income available to common unitholders	$	229,143	66,670,784	$	3.44	$	96,184	66,486,464	$	1.45

	Six Months Ended June 30,
	2025					2024
	Income		Weighted- average Common  Units	Per Common Unit Amount		Income		Weighted- average Common  Units	Per Common Unit Amount
Basic:
Net income available to common unitholders	$	439,532	66,635,581	$	6.60	$	378,514	66,466,295	$	5.69
Effect of Dilutive Securities:
Stock options	—		28,313			—		11,429
Diluted:
Net income available to common unitholders	$	439,532	66,663,894	$	6.59	$	378,514	66,477,724	$	5.69