Net Income Per Common Share and Net Income Per Common Unit (Tables)

3 Months Ended

Mar. 31, 2025

Net Income Per Share and Net Income Per Unit [Line Items]

Schedule of Net Income Per Common Share

Basic and diluted income per share was calculated as follows for the periods presented ($ in thousands, except per share amounts):

	Three Months Ended March 31, 2025					Three Months Ended March 31, 2024
	Income		Weighted- average Common Shares	Per Common Share Amount		Income		Weighted- average Common Shares	Per Common Share Amount
Basic:
Net income available to common stockholders	$	203,110	64,314,899	$	3.16	$	272,731	64,205,086	$	4.25
Effect of Dilutive Securities:
Stock options	—		35,000			—		6,920
Diluted:
Net income available to common stockholders	$	203,110	64,349,899	$	3.16	$	272,731	64,212,006	$	4.25

Essex Portfolio, L.P.

Net Income Per Share and Net Income Per Unit [Line Items]

Schedule of Net Income Per Common Share

Basic and diluted income per unit was calculated as follows for the periods presented ($ in thousands, except per unit amounts):

	Three Months Ended March 31, 2025					Three Months Ended March 31, 2024
	Income		Weighted- average Common  Units	Per Common Unit Amount		Income		Weighted- average Common  Units	Per Common Unit Amount
Basic:
Net income available to common unitholders	$	210,389	66,621,852	$	3.16	$	282,330	66,463,899	$	4.25
Effect of Dilutive Securities:
Stock options	—		35,000			—		6,920
Diluted:
Net income available to common unitholders	$	210,389	66,656,852	$	3.16	$	282,330	66,470,819	$	4.25