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Summary of Critical and Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Summary of Depreciable Life of Various Categories of Fixed Assets
The depreciable life of various categories of fixed assets is as follows:
Computer software and equipment
3 - 5 years
Interior apartment home improvements5 years
Furniture, fixtures and equipment
5 - 10 years
Land improvements and certain exterior components of real property10 years
Real estate structures30 years
Schedule of Cash and Cash Equivalents Reconciliation
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows ($ in thousands):
December 31,
 202520242023
Cash and cash equivalents - unrestricted$76,241 $66,795 $391,749 
Cash and cash equivalents - restricted9,345 9,051 8,585 
Total unrestricted and restricted cash and cash equivalents shown in the consolidated statements of cash flows$85,586 $75,846 $400,334 
Schedule of Restricted Cash Reconciliation
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows ($ in thousands):
December 31,
 202520242023
Cash and cash equivalents - unrestricted$76,241 $66,795 $391,749 
Cash and cash equivalents - restricted9,345 9,051 8,585 
Total unrestricted and restricted cash and cash equivalents shown in the consolidated statements of cash flows$85,586 $75,846 $400,334 
Schedule of Marketable Securities
As of December 31, 2025 and 2024, marketable securities consisted of the following ($ in thousands):

 December 31, 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 funds48,738 21,736 70,474 
Available for sale debt securities:
U.S. Treasury and agency securities10,186 103 10,289 
Certificates of deposit5,000 — 5,000 
Corporate debt securities8,954 105 9,059 
Municipal debt securities556 9 565 
Total - Marketable securities$76,111 $21,959 $98,070 
 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 funds49,195 18,021 67,216 
Total - Marketable securities$51,840 $17,954 $69,794 
Schedule of Cash Dividends Distributed
Cash dividends on Essex’s common stock for the years ended December 31, 2025, 2024 and 2023 were classified for federal income tax purposes as follows:
Year Ended December 31,
 202520242023
Common Stock
Ordinary income96.74 %98.19 %88.46 %
Capital gain1.43 %1.81 %8.32 %
Unrecaptured section 1250 capital gain1.83 %— %3.22 %
 100.00 %100.00 %100.00 %
Schedule of Changes in Accumulated Other Comprehensive Income, Net by Component Changes in Accumulated Other Comprehensive Income, Net by Component
Essex Property Trust, Inc.
($ 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(23,990)236 (23,754)
Amounts reclassified from accumulated other comprehensive income5,172 (26)5,146 
Other comprehensive (loss) income(18,818)210 (18,608)
Balance at December 31, 2025$5,837 $210 $6,047 

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(24,863)244 (24,619)
Amounts reclassified from accumulated other comprehensive income5,355 (27)5,328 
Other comprehensive (loss) income(19,508)217 (19,291)
Balance at December 31, 2025$9,921 $217 $10,138 
Schedule of Changes in the Redemption Value of Redeemable Noncontrolling Interests
The changes in the redemption value of redeemable noncontrolling interest for the years ended December 31, 2025, 2024 and 2023 were as follows:
 202520242023
Balance at January 1,$30,849 $32,205 $27,150 
Reclassifications due to change in redemption value and other(2,209)(835)5,055 
Redemptions(377)(521)— 
Balance at December 31, $28,263 $30,849 $32,205