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Organization and Basis of Presentation (Tables)
9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Components of Marketable Securities
As of September 30, 2025 and December 31, 2024, marketable securities consisted of the following ($ in thousands):
 September 30, 2025
 Amortized CostGross
Unrealized Gain
Carrying Value
Equity securities:
Investment funds - debt securities$2,677 $$2,683 
Common stock, preferred stock and stock funds48,738 22,494 71,232 
Available for sale debt securities:
U.S. treasury and agency securities5,002 77 5,079 
Corporate debt securities4,708 99 4,807 
Municipal debt securities307 315 
Total - Marketable securities $61,432 $22,684 $84,116 

 December 31, 2024
 Amortized CostGross
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 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 settlementsUnrealized
gain on
available for sale debt securities
Total
Balance at December 31, 2024$24,655 $— $24,655 
Other comprehensive (loss) income before reclassification(20,813)194 (20,619)
Amounts reclassified from accumulated other comprehensive income 3,836 (16)3,820 
Other comprehensive (loss) income(16,977)178 (16,799)
Balance at September 30, 2025$7,678 $178 $7,856 

Essex Portfolio, L.P.
($ in thousands):
 Change in fair value of derivatives and amortization of swap settlementsUnrealized
gain on
available for sale debt securities
Total
Balance at December 31, 2024$29,429 $— $29,429 
Other comprehensive (loss) income before reclassification(21,542)201 (21,341)
Amounts reclassified from accumulated other comprehensive income3,971 (17)3,954 
Other comprehensive (loss) income(17,571)184 (17,387)
Balance at September 30, 2025$11,858 $184 $12,042 
Schedule of Changes in the Redemption Value of Noncontrolling Interests
The changes in the redemption value of redeemable noncontrolling interests for the nine months ended September 30, 2025 was as follows ($ in thousands):
Balance at December 31, 2024$30,849 
Reclassification due to change in redemption value and other(1,103)
Balance at September 30, 2025$29,746 
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows ($ in thousands):
 September 30, 2025December 31, 2024September 30, 2024December 31, 2023
Cash and cash equivalents - unrestricted$65,959 $66,795 $71,288 $391,749 
Cash and cash equivalents - restricted9,284 9,051 8,975 8,585 
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statements of cash flows$75,243 $75,846 $80,263 $400,334 
Schedule of Restricted Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows ($ in thousands):
 September 30, 2025December 31, 2024September 30, 2024December 31, 2023
Cash and cash equivalents - unrestricted$65,959 $66,795 $71,288 $391,749 
Cash and cash equivalents - restricted9,284 9,051 8,975 8,585 
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statements of cash flows$75,243 $75,846 $80,263 $400,334