XML 76 R58.htm IDEA: XBRL DOCUMENT v3.25.2
Net Income Per Common Share and Net Income Per Common Unit - Schedule of Net Income Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Basic:        
Net income available to common stockholders $ 221,362 $ 92,914 $ 424,472 $ 365,645
Weighted average common shares/units (in shares) 64,385,988 64,209,878 64,350,640 64,207,482
Per common share/unit amount (in dollars per share) $ 3.44 $ 1.45 $ 6.60 $ 5.69
Diluted:        
Net income available to common stockholders/unitholders $ 221,362 $ 92,914 $ 424,472 $ 365,645
Weighted average common shares/units (in shares) 64,407,613 64,227,651 64,378,953 64,218,911
Per common share/unit amount (in dollars per share) $ 3.44 $ 1.45 $ 6.59 $ 5.69
Essex Portfolio, L.P.        
Basic:        
Net income available to common stockholders $ 229,143 $ 96,184 $ 439,532 $ 378,514
Weighted average common shares/units (in shares) 66,649,159 66,468,691 66,635,581 66,466,295
Per common share/unit amount (in dollars per share) $ 3.44 $ 1.45 $ 6.60 $ 5.69
Diluted:        
Net income available to common stockholders/unitholders $ 229,143 $ 96,184 $ 439,532 $ 378,514
Weighted average common shares/units (in shares) 66,670,784 66,486,464 66,663,894 66,477,724
Per common share/unit amount (in dollars per share) $ 3.44 $ 1.45 $ 6.59 $ 5.69
Stock options        
Basic:        
Effect of dilutive securities $ 0 $ 0 $ 0 $ 0
Effect of dilutive securities (in shares) 21,625 17,773 28,313 11,429
Stock options | Essex Portfolio, L.P.        
Basic:        
Effect of dilutive securities $ 0 $ 0 $ 0 $ 0
Effect of dilutive securities (in shares) 21,625 17,773 28,313 11,429