Essex Property Trust Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	846.55	741.52	405.83	408.32	488.55	568.87
Depreciation & Amortization	602.71	580.22	548.44	539.32	520.07	525.5
Other Amortization	6.42	7.8	6.91	6.71	9.54	6.67
Gain (Loss) on Sale of Assets	-475.11	-175.58	-59.24	-94.42	-142.99	-64.97
Gain (Loss) on Sale of Investments	-42.74	-218.9	-10.01	28.12	-38.76	-270.64
Asset Writedown	-	-	-	-	-	1.83
Stock-Based Compensation	8.47	7.16	8.03	7.21	7.31	8.16
Income (Loss) on Equity Investments	37.37	14.66	66.23	69.23	-6.89	10.13
Change in Accounts Payable	0.52	25.19	5.34	-17.27	22.3	-10.38
Change in Other Net Operating Assets	9.52	30.1	-6.99	14.81	11.02	-2.98
Other Operating Activities	64.84	56.32	15.46	13.24	34.98	30.24
Operating Cash Flow	1,059	1,068	980.06	975.65	905.26	803.11
Operating Cash Flow Growth	0.46%	9.00%	0.45%	7.78%	12.72%	-12.62%
Acquisition of Real Estate Assets	-1,202	-1,150	-245.92	-309.49	-386.13	-708.27
Sale of Real Estate Assets	757.23	247.29	99.39	157.99	297.45	339.17
Net Sale / Acq. of Real Estate Assets	-445.06	-903	-146.53	-151.51	-88.68	-369.1
Investment in Marketable & Equity Securities	-67.05	-7.73	6.14	-110.08	-313.49	-83.93
Other Investing Activities	8.96	-62.33	-4.75	407.54	4.77	36.13
Investing Cash Flow	-503.14	-973.05	-145.14	145.96	-397.4	-416.9
Long-Term Debt Issued	-	2,222	1,442	1,376	1,796	2,491
Long-Term Debt Repaid	-	-1,933	-1,199	-1,730	-1,763	-2,010
Net Debt Issued (Repaid)	190.39	289.71	243.5	-353.73	33.26	481.6
Issuance of Common Stock	8.93	12.31	-	19.53	58.5	14.87
Repurchase of Common Stock	-3.78	-3.22	-99.48	-191.94	-14.62	-274.98
Common Dividends Paid	-646.01	-620.47	-586.98	-565.92	-542.86	-536.1
Total Dividends Paid	-646.01	-620.47	-586.98	-565.92	-542.86	-536.1
Other Financing Activities	-109.96	-98.08	-34.31	-45.5	-67.55	-68.65
Net Cash Flow	-5.02	-324.49	357.65	-15.96	-25.4	2.95
Cash Interest Paid	245.49	223.22	207.04	198.32	194.2	211.73
Levered Free Cash Flow	943.82	817.56	731.48	973.01	654.64	604.57
Unlevered Free Cash Flow	1,096	956.97	857.63	1,094	772.06	735.79
Change in Working Capital	10.03	55.29	-1.65	-2.46	33.32	-13.36

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