Essex Property Trust, Inc. (FRA:EXP)

Essex Property Trust Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	1,853	1,764	1,658	1,596	1,431	1,486
Property Management Fees	9.49	10.27	11.13	11.14	9.14	9.6
Other Revenue	54.52	48.21	10.56	26.03	111.72	66.51
Total Revenue	1,917	1,823	1,680	1,633	1,552	1,562
Revenue Growth (YoY	9.37%	8.49%	2.89%	5.19%	-0.64%	-1.36%
Property Expenses	599.87	567.82	531.95	510.11	481.65	476.56
Selling, General & Administrative	83.04	98.9	63.47	56.58	51.84	65.39
Depreciation & Amortization	602.71	580.22	548.44	539.32	520.07	525.5
Total Operating Expenses	1,286	1,247	1,144	1,106	1,054	1,067
Operating Income	631.09	575.72	536.1	526.84	498.72	494.81
Interest Expense	-253.9	-235.53	-212.91	-204.8	-203.13	-220.63
Interest & Investment Income	17.9	30.1	28.55	21.5	57.3	7.2
Other Non-Operating Income	4.47	3.1	3.15	7.91	10.77	10.73
EBT Excluding Unusual Items	399.56	373.39	354.89	351.45	363.67	292.11
Gain (Loss) on Sale of Investments	44.82	219.83	9.31	-17.89	23.1	266.88
Gain (Loss) on Sale of Assets	475.11	175.58	59.24	94.42	142.99	64.97
Total Insurance Settlements	-	-	-	-	-	0.08
Asset Writedown	-	-	-	-	-	-1.83
Total Legal Settlements	-	42.5	7.7	4.2	-	-
Other Unusual Items	-0.76	-	-0.43	0.81	-14.07	-22.88
Pretax Income	918.72	811.31	430.71	432.99	515.69	599.33
Earnings From Continuing Operations	918.72	811.31	430.71	432.99	515.69	599.33
Minority Interest in Earnings	-72.18	-69.78	-24.88	-24.67	-27.14	-30.46
Net Income	846.55	741.52	405.83	408.32	488.55	568.87
Net Income to Common	846.55	741.52	405.83	408.32	488.55	568.87
Net Income Growth	54.07%	82.72%	-0.61%	-16.42%	-14.12%	29.50%
Basic Shares Outstanding	64	64	64	65	65	65
Diluted Shares Outstanding	64	64	64	65	65	66
Shares Change (YoY)	0.23%	-0.00%	-1.30%	0.01%	-0.73%	-0.57%
EPS (Basic)	13.16	11.55	6.32	6.27	7.51	8.69
EPS (Diluted)	13.15	11.54	6.32	6.27	7.51	8.69
EPS Growth	53.64%	82.71%	0.74%	-16.51%	-13.56%	30.46%
Dividend Per Share	10.160	9.800	9.240	8.800	8.360	8.310
Dividend Growth	5.18%	6.06%	5.00%	5.26%	0.60%	6.54%
Operating Margin	32.93%	31.59%	31.91%	32.27%	32.13%	31.67%
Profit Margin	44.17%	40.68%	24.16%	25.01%	31.47%	36.41%
EBITDA	1,234	1,156	1,085	1,066	1,019	1,020
EBITDA Margin	64.37%	63.42%	64.56%	65.30%	65.63%	65.31%
D&A For Ebitda	602.71	580.22	548.44	539.32	520.07	525.5
EBIT	631.09	575.72	536.1	526.84	498.72	494.81
EBIT Margin	32.93%	31.59%	31.91%	32.27%	32.13%	31.67%
Funds From Operations (FFO)	1,048	1,064	1,014	923.36	941.05	865.27
FFO Per Share	15.72	15.99	15.24	13.70	13.98	12.78
Adjusted Funds From Operations (AFFO)	-	1,064	1,014	923.36	941.05	865.27
AFFO Per Share	-	15.99	15.24	13.70	13.98	12.78
FFO Payout Ratio	61.63%	58.32%	57.90%	61.29%	57.69%	61.96%
Revenue as Reported	1,862	1,774	1,669	1,607	1,441	1,496

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