v3.26.1
Organization and Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Components of Marketable Securities
As of June 30, 2026 and December 31, 2025, marketable securities consisted of the following ($ in thousands):
 June 30, 2026
 Amortized CostGross
Unrealized Gain (loss)		Carrying Value
Equity securities:
Common stock, preferred stock and stock funds$38,426 $23,091 $61,517 
Available for sale debt securities:
U.S. Treasury and agency securities12,321 (61)12,260 
Certificates of deposit6,169 — 6,169 
Corporate debt securities11,795 (44)11,751 
Municipal debt securities465 3 468 
Total - Marketable securities $69,176 $22,989 $92,165 

 December 31, 2025
 Amortized CostGross
Unrealized Gain		Carrying Value
Equity securities:
Investment funds - debt securities$2,677 $6 $2,683 
Common stock, preferred stock and stock funds48,738 21,736 70,474 
Available for sale debt securities:
U.S. Treasury and agency securities10,186 103 10,289 
Certificates of deposit5,000 — 5,000 
Corporate debt securities8,954 105 9,059 
Municipal debt securities556 9 565 
Total - Marketable securities $76,111 $21,959 $98,070 
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 (loss) on
available for sale debt securities		Total
Balance at December 31, 2025$5,837 $210 $6,047 
Other comprehensive income (loss) before reclassification2,235 (282)1,953 
Amounts reclassified from accumulated other comprehensive income 1,150 (26)1,124 
Other comprehensive income (loss)3,385 (308)3,077 
Balance at June 30, 2026$9,222 $(98)$9,124 

Essex Portfolio, L.P.
($ in thousands):
 Change in fair value of derivatives and amortization of swap settlementsUnrealized
gain (loss) on
available for sale debt securities		Total
Balance at December 31, 2025$9,921 $217 $10,138 
Other comprehensive income (loss) before reclassification2,311 (293)2,018 
Amounts reclassified from accumulated other comprehensive income1,190 (26)1,164 
Other comprehensive income (loss)3,501 (319)3,182 
Balance at June 30, 2026$13,422 $(102)$13,320 
Schedule of Changes in the Redemption Value of Noncontrolling Interests
The changes in the redemption value of redeemable noncontrolling interests for the six months ended June 30, 2026 was as follows ($ in thousands):
Balance at December 31, 2025$28,263 
Reclassification due to change in redemption value and other3,483 
Redemptions(4,373)
Balance at June 30, 2026$27,373 
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows ($ in thousands):
 June 30, 2026December 31, 2025June 30, 2025December 31, 2024
Cash and cash equivalents - unrestricted$58,327 $76,241 $58,679 $66,795 
Cash and cash equivalents - restricted8,017 9,345 9,205 9,051 
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statements of cash flows$66,344 $85,586 $67,884 $75,846 
Schedule of Restricted Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows ($ in thousands):
 June 30, 2026December 31, 2025June 30, 2025December 31, 2024
Cash and cash equivalents - unrestricted$58,327 $76,241 $58,679 $66,795 
Cash and cash equivalents - restricted8,017 9,345 9,205 9,051 
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statements of cash flows$66,344 $85,586 $67,884 $75,846