Essex Property Trust Cash Flow 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
Net Income	669.67	741.52	405.83	408.32	488.55
Depreciation & Amortization	607.54	580.22	548.44	539.32	520.07
Other Amortization	7.16	7.8	6.91	6.71	9.54
Gain (Loss) on Sale of Assets	-299.52	-175.58	-59.24	-94.42	-142.99
Gain (Loss) on Sale of Investments	-4.14	-218.9	-10.01	28.12	-38.76
Stock-Based Compensation	9.64	7.16	8.03	7.21	7.31
Income (Loss) on Equity Investments	57.55	14.66	66.23	69.23	-6.89
Change in Accounts Payable	7.22	25.19	5.34	-17.27	22.3
Change in Other Net Operating Assets	-4.27	30.1	-6.99	14.81	11.02
Other Operating Activities	23.55	56.32	15.46	13.24	34.98
Operating Cash Flow	1,074	1,068	980.06	975.65	905.26
Operating Cash Flow Growth	0.57%	9.00%	0.45%	7.78%	12.72%
Acquisition of Real Estate Assets	-1,116	-1,150	-245.92	-309.49	-386.13
Sale of Real Estate Assets	509.95	247.29	99.39	157.99	297.45
Net Sale / Acq. of Real Estate Assets	-605.56	-903	-146.53	-151.51	-88.68
Investment in Marketable & Equity Securities	-58	-7.73	6.14	-110.08	-313.49
Other Investing Activities	111.08	-62.33	-4.75	407.54	4.77
Investing Cash Flow	-552.48	-973.05	-145.14	145.96	-397.4
Long-Term Debt Issued	9,084	2,222	1,442	1,376	1,796
Long-Term Debt Repaid	-8,882	-1,933	-1,199	-1,730	-1,763
Net Debt Issued (Repaid)	201.69	289.71	243.5	-353.73	33.26
Issuance of Common Stock	8.93	12.31	-	19.53	58.5
Repurchase of Common Stock	-8.11	-3.22	-99.48	-191.94	-14.62
Common Dividends Paid	-654.07	-620.47	-586.98	-565.92	-542.86
Total Dividends Paid	-654.07	-620.47	-586.98	-565.92	-542.86
Other Financing Activities	-60.63	-98.08	-34.31	-45.5	-67.55
Net Cash Flow	9.74	-324.49	357.65	-15.96	-25.4
Cash Interest Paid	252.65	223.22	207.04	198.32	194.2
Levered Free Cash Flow	984.06	819.89	752.54	973.01	654.64
Unlevered Free Cash Flow	1,138	959.3	878.7	1,094	772.06
Change in Working Capital	2.95	55.29	-1.65	-2.46	33.32

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