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EPLP - Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Rental properties:    
Land and land improvements $ 3,325,394 $ 3,246,789
Buildings and improvements 14,745,049 14,342,729
Total rental properties 18,070,443 17,589,518
Less: accumulated depreciation (6,381,123) (6,150,618)
Net real estate 11,689,320 11,438,900
Real estate under development 139,161 52,682
Co-investments 808,238 935,014
Total real estate 12,636,719 12,426,596
Cash and cash equivalents-unrestricted 65,959 66,795
Cash and cash equivalents-restricted 9,284 9,051
Marketable securities 84,116 69,794
Notes and other receivables, net of allowance for credit losses of $0.6 million and $0.5 million as of September 30, 2025 and December 31, 2024, respectively 221,628 206,706
Operating lease right-of-use assets 51,682 51,556
Prepaid expenses and other assets 80,853 96,861
Total assets 13,150,241 12,927,359
LIABILITIES AND CAPITAL    
Unsecured debt, net 5,621,505 5,473,788
Mortgage notes payable, net 795,404 989,884
Lines of credit and commercial paper 245,000 137,945
Accounts payable and accrued liabilities 250,745 212,747
Construction payable 33,484 14,347
Distributions payable 173,770 165,443
Distributions in excess of investments in co-investments 95,893 79,273
Operating lease liabilities 52,405 52,473
Other liabilities 50,762 50,220
Total liabilities 7,318,968 7,176,120
Commitments and contingencies (Note 11)
Redeemable noncontrolling interest 29,746 30,849
Limited Partners:    
Accumulated other comprehensive income, net 7,856 24,655
Noncontrolling interest 170,211 183,344
Total liabilities and equity 13,150,241 12,927,359
Essex Portfolio, L.P.    
Rental properties:    
Land and land improvements 3,325,394 3,246,789
Buildings and improvements 14,745,049 14,342,729
Total rental properties 18,070,443 17,589,518
Less: accumulated depreciation (6,381,123) (6,150,618)
Net real estate 11,689,320 11,438,900
Real estate under development 139,161 52,682
Co-investments 808,238 935,014
Total real estate 12,636,719 12,426,596
Cash and cash equivalents-unrestricted 65,959 66,795
Cash and cash equivalents-restricted 9,284 9,051
Marketable securities 84,116 69,794
Notes and other receivables, net of allowance for credit losses of $0.6 million and $0.5 million as of September 30, 2025 and December 31, 2024, respectively 221,628 206,706
Operating lease right-of-use assets 51,682 51,556
Prepaid expenses and other assets 80,853 96,861
Total assets 13,150,241 12,927,359
LIABILITIES AND CAPITAL    
Unsecured debt, net 5,621,505 5,473,788
Mortgage notes payable, net 795,404 989,884
Lines of credit and commercial paper 245,000 137,945
Accounts payable and accrued liabilities 250,745 212,747
Construction payable 33,484 14,347
Distributions payable 173,770 165,443
Distributions in excess of investments in co-investments 95,893 79,273
Operating lease liabilities 52,405 52,473
Other liabilities 50,762 50,220
Total liabilities 7,318,968 7,176,120
Commitments and contingencies (Note 11)
Redeemable noncontrolling interest 29,746 30,849
Limited Partners:    
Accumulated other comprehensive income, net 12,042 29,429
Total partners’ capital 5,700,242 5,615,238
Noncontrolling interest 101,285 105,152
Total capital 5,801,527 5,720,390
Total liabilities and equity 13,150,241 12,927,359
Essex Portfolio, L.P. | General Partner    
General Partner:    
Common equity (64,404,022 and 64,280,466 units issued and outstanding, respectively) 5,623,460 5,512,391
Essex Portfolio, L.P. | Limited Partners    
Limited Partners:    
Common equity (2,256,414 and 2,331,251 units issued and outstanding, respectively) 64,740 73,418
Essex Portfolio, L.P. | Common Equity | General Partner    
General Partner:    
Common equity (64,404,022 and 64,280,466 units issued and outstanding, respectively) 5,623,460 5,512,391
Limited Partners:    
Total capital 5,623,460 5,512,391
Essex Portfolio, L.P. | Common Equity | Limited Partners    
Limited Partners:    
Total capital $ 64,740 $ 73,418