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

3 Months Ended

Mar. 31, 2026

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 ($ in thousands, except per share amounts):

	Three Months Ended March 31,
	2026					2025
	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	$	106,186	64,454,912	$	1.65	$	203,110	64,314,899	$	3.16
Effect of Dilutive Securities:
Stock options	—		6,709			—		35,000
Diluted:
Net income available to common stockholders	$	106,186	64,461,621	$	1.65	$	203,110	64,349,899	$	3.16

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 ($ in thousands, except per unit amounts):

	Three Months Ended March 31,
	2026					2025
	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	$	109,855	66,681,908	$	1.65	$	210,389	66,621,852	$	3.16
Effect of Dilutive Securities:
Stock options	—		6,709			—		35,000
Diluted:
Net income available to common unitholders	$	109,855	66,688,617	$	1.65	$	210,389	66,656,852	$	3.16