Essex Property Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	1,878	1,764	1,658	1,596	1,431
Property Management Fees	9.38	10.27	11.13	11.14	9.14
Other Revenue	48.1	51.93	44.26	26.03	111.72
Total Revenue	1,935	1,826	1,714	1,633	1,552
Revenue Growth (YoY	5.97%	6.58%	4.95%	5.19%	-0.64%
Property Expenses	608.06	567.82	531.95	510.11	481.65
Selling, General & Administrative	71.95	98.9	63.47	56.58	51.84
Depreciation & Amortization	607.54	580.22	548.44	539.32	520.07
Total Operating Expenses	1,288	1,247	1,144	1,106	1,054
Operating Income	647.89	579.44	569.8	526.84	498.72
Interest Expense	-258.4	-235.53	-212.91	-204.8	-203.13
Interest & Investment Income	16.2	30.1	28.55	21.5	57.3
Other Non-Operating Income	4.73	3.1	3.15	7.91	10.77
EBT Excluding Unusual Items	410.41	377.12	388.59	351.45	363.67
Gain (Loss) on Sale of Investments	-6.4	216.11	-24.39	-17.89	23.1
Gain (Loss) on Sale of Assets	299.52	175.58	59.24	94.42	142.99
Total Legal Settlements	-	42.5	7.7	4.2	-
Other Unusual Items	-0.76	-	-0.43	0.81	-14.07
Pretax Income	702.77	811.31	430.71	432.99	515.69
Earnings From Continuing Operations	702.77	811.31	430.71	432.99	515.69
Minority Interest in Earnings	-33.11	-69.78	-24.88	-24.67	-27.14
Net Income	669.67	741.52	405.83	408.32	488.55
Net Income to Common	669.67	741.52	405.83	408.32	488.55
Net Income Growth	-9.69%	82.72%	-0.61%	-16.42%	-14.12%
Basic Shares Outstanding	64	64	64	65	65
Diluted Shares Outstanding	64	64	64	65	65
Shares Change (YoY)	0.23%	-0.00%	-1.30%	0.01%	-0.73%
EPS (Basic)	10.40	11.55	6.32	6.27	7.51
EPS (Diluted)	10.40	11.54	6.32	6.27	7.51
EPS Growth	-9.88%	82.71%	0.74%	-16.51%	-13.56%
Dividend Per Share	10.280	9.800	9.240	8.800	8.360
Dividend Growth	4.90%	6.06%	5.00%	5.26%	0.60%
Operating Margin	33.48%	31.73%	33.25%	32.27%	32.13%
Profit Margin	34.60%	40.60%	23.68%	25.01%	31.47%
EBITDA	1,255	1,160	1,118	1,066	1,019
EBITDA Margin	64.86%	63.50%	65.25%	65.30%	65.63%
D&A For Ebitda	607.54	580.22	548.44	539.32	520.07
EBIT	647.89	579.44	569.8	526.84	498.72
EBIT Margin	33.48%	31.73%	33.25%	32.27%	32.13%
Funds From Operations (FFO)	1,065	1,064	1,014	923.36	941.05
FFO Per Share	15.98	15.99	15.24	13.70	13.98
Adjusted Funds From Operations (AFFO)	1,065	1,064	1,014	923.36	941.05
AFFO Per Share	15.98	15.99	15.24	13.70	13.98
FFO Payout Ratio	61.41%	58.32%	57.90%	61.29%	57.69%
Revenue as Reported	1,887	1,774	1,669	1,607	1,441

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.