Essex Property Trust (ESS) is trading down at $269.37 (-0.92%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Real Estate sector.
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.29B | $1.36B | $1.40B | $1.46B | $1.50B | $1.44B | $1.61B | $1.67B | $1.77B | $1.89B |
| Growth (year over year) | +8.3% | +5.4% | +2.7% | +4.3% | +2.4% | −3.7% | +11.5% | +3.9% | +6.3% | +6.4% |
| Gross profit | — | — | — | — | — | — | $1.13B | $1.17B | $1.24B | $1.32B |
| Gross margin | — | — | — | — | — | — | 70.2% | 70.1% | 70.0% | 69.9% |
| Operating income | $420.8M | $472.9M | $512.0M | $481.1M | $491.4M | $530.0M | $595.2M | $584.3M | $703.1M | $899.3M |
| Operating margin | 32.5% | 34.7% | 36.6% | 32.9% | 32.9% | 36.8% | 37.0% | 35.0% | 39.6% | 47.6% |
| Net income | $415.0M | $433.1M | $390.2M | $439.3M | $568.9M | $488.6M | $408.3M | $405.8M | $741.5M | $669.7M |
| Net margin | 32.1% | 31.8% | 27.9% | 30.1% | 38.0% | 33.9% | 25.4% | 24.3% | 41.8% | 35.5% |
| EPS (diluted) | $6.27 | $6.57 | $5.90 | $6.66 | $8.69 | $7.51 | $6.27 | $6.32 | $11.54 | $10.40 |
| Balance sheet | ||||||||||
| Cash and equivalents | $64.9M | $44.6M | $134.5M | $70.1M | $73.6M | $48.4M | $33.3M | $391.7M | $66.8M | $76.2M |
| Total assets | $12.2B | $12.5B | $12.4B | $12.7B | $12.9B | $13.0B | $12.4B | $12.4B | $12.9B | $13.2B |
| Total liabilities | $5.88B | $6.06B | $5.95B | $6.26B | $6.72B | $6.79B | $6.45B | $6.74B | $7.18B | $7.42B |
| Long-term debt | $2.19B | $2.01B | $1.81B | $990.7M | $643.5M | $639.0M | — | — | — | — |
| Shareholders' equity | $6.19B | $6.28B | $6.27B | $6.22B | $6.00B | $5.99B | $5.72B | $5.42B | $5.54B | $5.54B |
| Cash flow | ||||||||||
| Operating cash flow | $716.8M | $769.6M | $826.6M | $919.1M | $803.1M | $905.3M | $975.6M | $980.1M | $1.07B | $1.07B |
| Share buybacks | $1.04M | $0 | $51.2M | $57.0M | $269.3M | $9.17M | $189.7M | $95.7M | $0 | $0 |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $450.7M | $454.5M | $464.6M | $469.8M | $473.3M | $479.6M | $484.8M | $489.0M |
| Growth (year over year) | +7.5% | +7.8% | +8.8% | +6.2% | +5.0% | +5.5% | +4.3% | +4.1% |
| Gross profit | $313.3M | $318.3M | $323.5M | $332.2M | $327.5M | $335.8M | $341.2M | $345.7M |
| Gross margin | 69.5% | 70.0% | 69.6% | 70.7% | 69.2% | 70.0% | 70.4% | 70.7% |
| Operating income | $128.8M | $304.5M | $257.1M | $279.7M | $210.4M | $152.1M | $155.2M | $109.4M |
| Operating margin | 28.6% | 67.0% | 55.3% | 59.5% | 44.5% | 31.7% | 32.0% | 22.4% |
| Net income | $118.4M | $257.5M | $203.1M | $221.4M | $164.6M | $80.6M | $106.2M | $62.5M |
| Net margin | 26.3% | 56.6% | 43.7% | 47.1% | 34.8% | 16.8% | 21.9% | 12.8% |
| EPS (diluted) | $1.84 | $4.00 | $3.16 | $3.44 | $2.56 | $1.24 | $1.65 | $0.97 |
| Balance sheet | ||||||||
| Cash and equivalents | $71.3M | $66.8M | $98.7M | $58.7M | $66.0M | $76.2M | $38.0M | $58.3M |
| Total assets | $12.6B | $12.9B | $13.2B | $13.2B | $13.2B | $13.2B | $13.1B | $12.9B |
| Total liabilities | $6.99B | $7.18B | $7.41B | $7.34B | $7.32B | $7.42B | $7.47B | $7.39B |
| Long-term debt | $6.39B | — | $6.82B | $6.43B | $6.45B | — | $6.84B | $6.39B |
| Shareholders' equity | $5.43B | $5.54B | $5.57B | $5.64B | $5.63B | $5.54B | $5.44B | $5.32B |
| Cash flow | ||||||||
| Operating cash flow | $316.2M | $218.3M | $281.5M | $216.1M | $342.6M | $234.2M | $287.2M | $254.1M |
| Share buybacks | $0 | $0 | $0 | $0 | — | — | $50.2M | $11.7M |
From Essex Property Trust's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
Source: Wikipedia — Essex Property Trust
Favorable Supply/Demand Backdrop Positions Essex Property Trust (ESS) For Growth
Favorable Supply/Demand Backdrop Positions Essex Property Trust (ESS) For Growth
Essex Property Trust at BofA real estate conference: west coast edge
Essex Property Trust at BofA real estate conference: west coast edge
Farrans begins construction on West Midlands’ Berkswell BESS project for BW ESS
Farrans begins construction on West Midlands’ Berkswell BESS project for BW ESS