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
Property Revenue	9.38	10.27	11.13	11.14	9.14
Service and Other Revenue	9.38	10.27	11.13	11.14	9.14
Revenue	1,887	1,774	1,669	1,607	1,441
Revenue Growth (YoY)	6.36%	6.29%	3.90%	11.54%	-3.69%
Property Expenses	353.36	328.12	301.95	283.35	264.87
Total Property Expenses	353.36	328.12	301.95	283.35	264.87
Property Taxes	205.63	193.41	185.81	183.92	180.37
Gross Profit	1,328	1,253	1,182	1,140	995.32
Selling, General & Admin	121	145.11	107.07	97.28	88.05
Depreciation & Amortization Expenses	607.54	580.22	548.44	539.32	520.07
Other Operating Expenses	0.03	0.07	1.03	2.13	0.2
Operating Income	599.79	527.51	525.1	500.81	387
Net Gains on Disposal of Properties	299.52	175.58	59.24	94.42	142.99
Interest Income	55.47	129.16	56.82	6.99	210.47
Interest Expense	-258.4	-235.53	-212.91	-204.8	-203.13
Other Non-Operating Income (Expense)	6.39	214.58	2.45	35.56	-5.98
Total Non-Operating Income (Expense)	102.98	283.79	-94.4	-67.83	144.36
Pretax Income	702.77	811.31	430.71	432.99	531.36
Provision for Income Taxes	-	-	-	-	-15.67
Net Income	669.67	741.52	405.83	408.32	519.89
Minority Interest in Earnings	33.11	69.78	24.88	24.67	27.14
Net Income to Common	669.67	741.52	405.83	408.32	519.89
Net Income Growth	-9.69%	82.72%	-0.61%	-21.46%	-8.61%
Shares Outstanding (Basic)	64	64	64	65	65
Shares Outstanding (Diluted)	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%	82.59%	0.80%	-16.51%	-13.58%
Free Cash Flow	-41.08	-81.98	734.15	666.16	519.13
Free Cash Flow Growth	-	-	10.21%	28.32%	447.37%
Free Cash Flow Per Share	-0.64	-1.28	11.43	10.23	7.98
Dividends Per Share	10.280	9.800	9.240	8.800	8.360
Dividend Growth	4.90%	6.06%	5.00%	5.26%	0.60%
Gross Margin	70.38%	70.61%	70.78%	70.92%	69.09%
Operating Margin	31.78%	29.73%	31.45%	31.17%	26.86%
Profit Margin	37.24%	45.72%	25.80%	26.95%	37.97%
FCF Margin	-2.18%	-4.62%	43.98%	41.46%	36.04%
EBITDA	1,207	1,108	1,074	1,040	907.07
EBITDA Margin	63.97%	62.43%	64.31%	64.73%	62.97%
EBIT	599.79	527.51	525.1	500.81	387
EBIT Margin	31.78%	29.73%	31.45%	31.17%	26.86%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	-2.95%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.