XML 27 R12.htm IDEA: XBRL DOCUMENT v3.25.1
EPLP - Condensed Consolidated Statements of Capital (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Increase (Decrease) in Partners' Capital [Roll Forward]    
Net income $ 212,778 $ 285,140
Change in fair value of derivatives and amortization of swap settlements (9,372) 7,995
Change in fair value of marketable debt securities 17  
Issuance of common units under:    
General partner’s stock based compensation, net 5,509 962
Sale of common stock by general partner, net   (8)
Changes in the redemption value of redeemable noncontrolling interest (3,527) 13
Distributions to noncontrolling interest (8,300) (8,412)
Redemptions of noncontrolling interest (8,556) (279)
Essex Portfolio, L.P.    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Balance at period beginning 5,720,390 5,593,978
Net income 212,778 285,140
Change in fair value of derivatives and amortization of swap settlements (9,372) 7,995
Change in fair value of marketable debt securities 17  
Issuance of common units under:    
General partner’s stock based compensation, net 5,509 962
Sale of common stock by general partner, net   (8)
Equity based compensation costs 2,055 1,695
Changes in the redemption value of redeemable noncontrolling interest (3,527) 13
Distributions to noncontrolling interest (2,431) (2,875)
Redemptions of noncontrolling interest (8,556) (279)
Distributions declared (171,288) (162,868)
Balance at period end $ 5,745,575 $ 5,723,753
Essex Portfolio, L.P. | Common Equity | General Partner    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Balance at period beginning (in shares) 64,280 64,203
Balance at period beginning $ 5,512,391 $ 5,389,190
Net income $ 203,110 $ 272,731
Issuance of common units under:    
General partner’s stock based compensation, net (in shares) 30 6
General partner’s stock based compensation, net $ 5,509 $ 962
Sale of common stock by general partner, net   (8)
Equity based compensation costs 1,985 1,637
Changes in the redemption value of redeemable noncontrolling interest $ (3,175) (180)
Redemptions (in shares) 48  
Redemptions of noncontrolling interest $ (20) (249)
Distributions declared $ (165,419) $ (157,331)
Balance at period end (in shares) 64,358 64,209
Balance at period end $ 5,554,381 $ 5,506,752
Essex Portfolio, L.P. | Common Equity | Limited Partners    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Balance at period beginning (in shares) 2,331 2,259
Balance at period beginning $ 73,418 $ 44,991
Net income 7,279 9,599
Issuance of common units under:    
Equity based compensation costs 70 58
Changes in the redemption value of redeemable noncontrolling interest $ (219) 165
Redemptions (in shares) (48)  
Redemptions of noncontrolling interest $ (5,026)  
Distributions declared $ (5,869) $ (5,537)
Balance at period end (in shares) 2,283 2,259
Balance at period end $ 69,653 $ 49,276
Essex Portfolio, L.P. | Accumulated other comprehensive income, net    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Balance at period beginning 29,429 38,646
Change in fair value of derivatives and amortization of swap settlements (9,372) 7,995
Change in fair value of marketable debt securities 17  
Issuance of common units under:    
Balance at period end 20,074 46,641
Essex Portfolio, L.P. | Noncontrolling interest    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Balance at period beginning 105,152 121,151
Net income 2,389 2,810
Issuance of common units under:    
Changes in the redemption value of redeemable noncontrolling interest (133) 28
Distributions to noncontrolling interest (2,431) (2,875)
Redemptions of noncontrolling interest (3,510) (30)
Balance at period end $ 101,467 $ 121,084