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EPLP - Condensed Consolidated Statements of Capital for the three and nine months ended September 30, 2024 and 2023 - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Increase (Decrease) in Partners' Capital [Roll Forward]        
Net income $ 125,487 $ 93,009 $ 509,613 $ 360,359
Change in fair value of derivatives and amortization of swap settlements (21,433) 4,113 (15,925) 9,205
Issuance of common units under:        
Sale of common stock by general partner, net (467) (106) (580) (231)
Retirement of common units, net       (95,657)
Changes in the redemption value of redeemable noncontrolling interest (609) 1,395 (2,293) (2,810)
Distributions to noncontrolling interest (9,118) (7,973) (26,193) (24,006)
Redemptions (797) 0 (1,076) (609)
Essex Portfolio, L.P.        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning 5,654,500 5,762,005 5,593,978 5,895,116
Net income 125,487 93,009 509,613 360,359
Change in fair value of derivatives and amortization of swap settlements (21,433) 4,113 (15,925) 9,205
Issuance of common units under:        
General partner's stock based compensation, net 11,351   12,313  
Sale of common stock by general partner, net (467) (106) (580) (231)
Equity based compensation costs 1,991 2,289 5,734 9,935
Retirement of common units, net       (95,657)
Changes in the redemption value of redeemable noncontrolling interest (609) 1,395 (2,293) (2,810)
Changes in noncontrolling interest from acquisition 24,930   24,930  
Distributions to noncontrolling interest (3,404) (2,754) (9,409) (8,344)
Redemptions (797) 0 (1,076) (609)
Distributions declared (163,189) (153,504) (488,925) (460,517)
Balance at period end $ 5,628,360 $ 5,706,447 $ 5,628,360 $ 5,706,447
Essex Portfolio, L.P. | Common Equity | General Partner        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning (in shares) 64,210 64,183 64,203 64,605
Balance at period beginning $ 5,442,762 $ 5,533,893 $ 5,389,190 $ 5,669,906
Net income $ 118,424 87,282 $ 484,069 $ 340,434
Issuance of common units under:        
General partner's stock based compensation, net (in shares) 51   58 3
General partner's stock based compensation, net $ 11,351   $ 12,313  
Sale of common stock by general partner, net (467) (106) (580) $ (231)
Equity based compensation costs 1,923 2,211 5,539 $ 9,598
Retirement of common units, net (in shares)       (437)
Retirement of common units, net       $ (95,657)
Changes in the redemption value of redeemable noncontrolling interest $ (813) $ 1,317 $ (2,436) $ (2,770)
Redemptions (in shares) 6 2 6 14
Redemptions $ (43) $ 13 $ (292) $ (100)
Distributions declared $ (157,475) $ (148,285) $ (472,141) $ (444,855)
Balance at period end (in shares) 64,267 64,185 64,267 64,185
Balance at period end $ 5,415,662 $ 5,476,325 $ 5,415,662 $ 5,476,325
Essex Portfolio, L.P. | Common Equity | Limited Partners        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning (in shares) 2,259 2,260 2,259 2,272
Balance at period beginning $ 46,819 $ 49,704 $ 44,991 $ 51,454
Net income 4,206 3,072 17,075 11,982
Issuance of common units under:        
Equity based compensation costs 68 78 195 337
Changes in the redemption value of redeemable noncontrolling interest $ 123 $ 90 $ 25 $ (42)
Changes in noncontrolling interest from acquisition (in shares) 82   82  
Changes in noncontrolling interest from acquisition $ 24,930   $ 24,930  
Redemptions (in shares) (9) (1) (9) (13)
Redemptions $ (676) $ (11) $ (676) $ (355)
Distributions declared $ (5,714) $ (5,219) $ (16,784) $ (15,662)
Balance at period end (in shares) 2,332 2,259 2,332 2,259
Balance at period end $ 69,756 $ 47,714 $ 69,756 $ 47,714
Essex Portfolio, L.P. | Accumulated other comprehensive income, net        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning 44,154 57,102 38,646 52,010
Change in fair value of derivatives and amortization of swap settlements (21,433) 4,113 (15,925) 9,205
Issuance of common units under:        
Balance at period end 22,721 61,215 22,721 61,215
Essex Portfolio, L.P. | Noncontrolling interest        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance at period beginning 120,765 121,306 121,151 121,746
Net income 2,857 2,655 8,469 7,943
Issuance of common units under:        
Changes in the redemption value of redeemable noncontrolling interest 81 (12) 118 2
Distributions to noncontrolling interest (3,404) (2,754) (9,409) (8,344)
Redemptions (78) (2) (108) (154)
Balance at period end $ 120,221 $ 121,193 $ 120,221 $ 121,193