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EPLP - Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Rental properties:    
Land and land improvements $ 3,363,169 $ 3,246,789
Buildings and improvements 15,073,416 14,342,729
Total rental properties 18,436,585 17,589,518
Less: accumulated depreciation (6,532,003) (6,150,618)
Net real estate 11,904,582 11,438,900
Real estate under development 157,122 52,682
Co-investments 630,550 935,014
Total real estate 12,692,254 12,426,596
Cash and cash equivalents-unrestricted 76,241 66,795
Cash and cash equivalents-restricted 9,345 9,051
Marketable securities 98,070 69,794
Notes and other receivables, net of allowance for credit losses of $0.6 million and $0.5 million as of December 31, 2025 and December 31, 2024, respectively 141,591 206,706
Operating lease right-of-use assets 50,833 51,556
Prepaid expenses and other assets 90,675 96,861
Total assets 13,159,009 12,927,359
LIABILITIES AND CAPITAL    
Unsecured debt, net 6,015,921 5,473,788
Mortgage notes payable, net 784,348 989,884
Lines of credit and commercial paper 0 137,945
Accounts payable and accrued liabilities 221,351 212,747
Construction payable 24,743 14,347
Dividends payable 173,698 165,443
Distributions in excess of investments in co-investments 98,837 79,273
Operating lease liabilities 51,487 52,473
Other liabilities 51,729 50,220
Total liabilities 7,422,114 7,176,120
Commitments and contingencies (Note 17)
Redeemable noncontrolling interest 28,263 30,849
Limited Partners:    
Accumulated other comprehensive income 6,047 24,655
Noncontrolling interest 167,260 183,344
Total liabilities and equity 13,159,009 12,927,359
Essex Portfolio, L.P.    
Rental properties:    
Land and land improvements 3,363,169 3,246,789
Buildings and improvements 15,073,416 14,342,729
Total rental properties 18,436,585 17,589,518
Less: accumulated depreciation (6,532,003) (6,150,618)
Net real estate 11,904,582 11,438,900
Real estate under development 157,122 52,682
Co-investments 630,550 935,014
Total real estate 12,692,254 12,426,596
Cash and cash equivalents-unrestricted 76,241 66,795
Cash and cash equivalents-restricted 9,345 9,051
Marketable securities 98,070 69,794
Notes and other receivables, net of allowance for credit losses of $0.6 million and $0.5 million as of December 31, 2025 and December 31, 2024, respectively 141,591 206,706
Operating lease right-of-use assets 50,833 51,556
Prepaid expenses and other assets 90,675 96,861
Total assets 13,159,009 12,927,359
LIABILITIES AND CAPITAL    
Unsecured debt, net 6,015,921 5,473,788
Mortgage notes payable, net 784,348 989,884
Lines of credit and commercial paper 0 137,945
Accounts payable and accrued liabilities 221,351 212,747
Construction payable 24,743 14,347
Dividends payable 173,698 165,443
Distributions in excess of investments in co-investments 98,837 79,273
Operating lease liabilities 51,487 52,473
Other liabilities 51,729 50,220
Total liabilities 7,422,114 7,176,120
Commitments and contingencies (Note 17)
Redeemable noncontrolling interest 28,263 30,849
Limited Partners:    
Accumulated other comprehensive income 10,138 29,429
Total partners’ capital 5,607,339 5,615,238
Noncontrolling interest 101,293 105,152
Total capital 5,708,632 5,720,390
Total liabilities and equity 13,159,009 12,927,359
Essex Portfolio, L.P. | General Partner    
General Partner:    
Common equity (64,442,290 and 64,280,466 units issued and outstanding, respectively) 5,535,325 5,512,391
Essex Portfolio, L.P. | Limited Partners    
Limited Partners:    
Common equity (2,250,339 and 2,331,251 units issued and outstanding, respectively) 61,876 73,418
Essex Portfolio, L.P. | Common Equity | General Partner    
General Partner:    
Common equity (64,442,290 and 64,280,466 units issued and outstanding, respectively) 5,535,325 5,512,391
Limited Partners:    
Total capital 5,535,325 5,512,391
Essex Portfolio, L.P. | Common Equity | Limited Partners    
Limited Partners:    
Total capital $ 61,876 $ 73,418