v3.26.1
EPLP - Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Rental properties:    
Land and land improvements $ 3,363,169 $ 3,363,169
Buildings and improvements 15,171,737 15,073,416
Total rental properties 18,534,906 18,436,585
Less: accumulated depreciation (6,837,403) (6,532,003)
Net real estate 11,697,503 11,904,582
Real estate under development 184,130 157,122
Co-investments 612,512 630,550
Total real estate 12,494,145 12,692,254
Cash and cash equivalents-unrestricted 58,327 76,241
Cash and cash equivalents-restricted 8,017 9,345
Marketable securities 92,165 98,070
Notes and other receivables, net of allowance for credit losses of $0.3 million and $0.6 million as of June 30, 2026 and December 31, 2025, respectively 96,334 141,591
Operating lease right-of-use assets 49,077 50,833
Prepaid expenses and other assets 100,237 90,675
Total assets 12,898,302 13,159,009
LIABILITIES AND CAPITAL    
Unsecured debt, net 5,569,283 6,015,921
Mortgage notes payable, net 784,217 784,348
Lines of credit and commercial paper 345,000 0
Accounts payable and accrued liabilities 270,439 221,351
Construction payable 33,256 24,743
Distributions payable 174,499 173,698
Distributions in excess of investments in co-investments 107,874 98,837
Operating lease liabilities 49,753 51,487
Other liabilities 51,092 51,729
Total liabilities 7,385,413 7,422,114
Commitments and contingencies (Note 11)
Redeemable noncontrolling interest 27,373 28,263
Limited Partners:    
Accumulated other comprehensive income, net 9,124 6,047
Noncontrolling interest 162,443 167,260
Total liabilities and equity 12,898,302 13,159,009
Received cash 333 555
Essex Portfolio, L.P.    
Rental properties:    
Land and land improvements 3,363,169 3,363,169
Buildings and improvements 15,171,737 15,073,416
Total rental properties 18,534,906 18,436,585
Less: accumulated depreciation (6,837,403) (6,532,003)
Net real estate 11,697,503 11,904,582
Real estate under development 184,130 157,122
Co-investments 612,512 630,550
Total real estate 12,494,145 12,692,254
Cash and cash equivalents-unrestricted 58,327 76,241
Cash and cash equivalents-restricted 8,017 9,345
Marketable securities 92,165 98,070
Notes and other receivables, net of allowance for credit losses of $0.3 million and $0.6 million as of June 30, 2026 and December 31, 2025, respectively 96,334 141,591
Operating lease right-of-use assets 49,077 50,833
Prepaid expenses and other assets 100,237 90,675
Total assets 12,898,302 13,159,009
LIABILITIES AND CAPITAL    
Unsecured debt, net 5,569,283 6,015,921
Mortgage notes payable, net 784,217 784,348
Lines of credit and commercial paper 345,000 0
Accounts payable and accrued liabilities 270,439 221,351
Construction payable 33,256 24,743
Distributions payable 174,499 173,698
Distributions in excess of investments in co-investments 107,874 98,837
Operating lease liabilities 49,753 51,487
Other liabilities 51,092 51,729
Total liabilities 7,385,413 7,422,114
Commitments and contingencies (Note 11)
Redeemable noncontrolling interest 27,373 28,263
Limited Partners:    
Accumulated other comprehensive income, net 13,320 10,138
Total partners’ capital 5,384,267 5,607,339
Noncontrolling interest 101,249 101,293
Total capital 5,485,516 5,708,632
Total liabilities and equity 12,898,302 13,159,009
Received cash 300 600
Essex Portfolio, L.P. | General Partner    
General Partner:    
Common equity (64,268,177 and 64,442,290 units issued and outstanding, respectively) 5,313,949 5,535,325
Essex Portfolio, L.P. | Limited Partners    
Limited Partners:    
Common equity (2,183,943 and 2,250,339 units issued and outstanding, respectively) 56,998 61,876
Essex Portfolio, L.P. | Common Equity | General Partner    
General Partner:    
Common equity (64,268,177 and 64,442,290 units issued and outstanding, respectively) 5,313,949 5,535,325
Limited Partners:    
Total capital 5,313,949 5,535,325
Essex Portfolio, L.P. | Common Equity | Limited Partners    
Limited Partners:    
Total capital $ 56,998 $ 61,876