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

6 Months Ended

Jun. 30, 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 June 30,
	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	$	62,462	64,265,835	$	0.97	$	221,362	64,385,988	$	3.44
Effect of Dilutive Securities:
Stock options	—		13,177			—		21,625
Diluted:
Net income available to common stockholders	$	62,462	64,279,012	$	0.97	$	221,362	64,407,613	$	3.44

	Six Months Ended June 30,
	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	$	168,648	64,359,851	$	2.62	$	424,472	64,350,640	$	6.60
Effect of Dilutive Securities:
Stock options	—		9,943			—		28,313
Diluted:
Net income available to common stockholders	$	168,648	64,369,794	$	2.62	$	424,472	64,378,953	$	6.59

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 June 30,
	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	$	64,585	66,449,797	$	0.97	$	229,143	66,649,159	$	3.44
Effect of Dilutive Securities:
Stock options	—		13,177			—		21,625
Diluted:
Net income available to common unitholders	$	64,585	66,462,974	$	0.97	$	229,143	66,670,784	$	3.44

	Six Months Ended June 30,
	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	$	174,440	66,565,211	$	2.62	$	439,532	66,635,581	$	6.60
Effect of Dilutive Securities:
Stock options	—		9,943			—		28,313
Diluted:
Net income available to common unitholders	$	174,440	66,575,154	$	2.62	$	439,532	66,663,894	$	6.59