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EPLP - Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Rental and other property $ 1,877,964 $ 1,764,185 $ 1,658,264
Management and other fees from affiliates 9,381 10,265 11,131
Total revenues 1,887,345 1,774,450 1,669,395
Expenses:      
Property operating, excluding real estate taxes 353,355 328,123 301,951
Real estate taxes 205,631 193,413 185,807
Corporate-level property management expenses 49,052 46,208 43,593
Depreciation and amortization 607,542 580,220 548,438
General and administrative 71,948 98,902 63,474
Expensed acquisition and investment related costs 25 72 595
Casualty loss 0 0 433
Total expenses 1,287,553 1,246,938 1,144,291
Gain on sale of real estate and land 299,524 175,583 59,238
Earnings from operations 899,316 703,095 584,342
Interest expense (258,404) (235,529) (212,905)
Total return swap income 4,729 3,099 3,148
Interest and other income 20,004 80,951 46,259
Equity income from co-investments 35,464 48,206 10,561
Tax benefit (expense) on unconsolidated co-investments 2,096 929 (697)
Loss on early retirement of debt (762) 0 0
Gain on remeasurement of co-investment 330 210,555 0
Net income 702,773 811,306 430,708
Net income attributable to noncontrolling interest (33,107) (69,784) (24,883)
Net income available to common stockholders $ 669,666 $ 741,522 $ 405,825
Basic:      
Net income available to common unitholders (in dollars per share) $ 10.40 $ 11.55 $ 6.32
Weighted average number of common units outstanding during the year (in shares) 64,379,418 64,228,356 64,252,232
Diluted:      
Net income available to common unitholders (in dollars per share) $ 10.40 $ 11.54 $ 6.32
Weighted average number of common units outstanding during the year (in shares) 64,399,459 64,251,234 64,253,385
Essex Portfolio, L.P.      
Revenues:      
Rental and other property $ 1,877,964 $ 1,764,185 $ 1,658,264
Management and other fees from affiliates 9,381 10,265 11,131
Total revenues 1,887,345 1,774,450 1,669,395
Expenses:      
Property operating, excluding real estate taxes 353,355 328,123 301,951
Real estate taxes 205,631 193,413 185,807
Corporate-level property management expenses 49,052 46,208 43,593
Depreciation and amortization 607,542 580,220 548,438
General and administrative 71,948 98,902 63,474
Expensed acquisition and investment related costs 25 72 595
Casualty loss 0 0 433
Total expenses 1,287,553 1,246,938 1,144,291
Gain on sale of real estate and land 299,524 175,583 59,238
Earnings from operations 899,316 703,095 584,342
Interest expense (258,404) (235,529) (212,905)
Total return swap income 4,729 3,099 3,148
Interest and other income 20,004 80,951 46,259
Equity income from co-investments 35,464 48,206 10,561
Tax benefit (expense) on unconsolidated co-investments 2,096 929 (697)
Loss on early retirement of debt (762) 0 0
Gain on remeasurement of co-investment 330 210,555 0
Net income 702,773 811,306 430,708
Net income attributable to noncontrolling interest (9,458) (43,370) (10,599)
Net income available to common stockholders $ 693,315 $ 767,936 $ 420,109
Basic:      
Net income available to common unitholders (in dollars per share) $ 10.40 $ 11.55 $ 6.32
Weighted average number of common units outstanding during the year (in shares) 66,649,608 66,511,030 66,513,303
Diluted:      
Net income available to common unitholders (in dollars per share) $ 10.40 $ 11.54 $ 6.32
Weighted average number of common units outstanding during the year (in shares) 66,669,649 66,533,908 66,514,456