Essex Property Trust, Inc. (ESS)

Essex Property Trust Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	1,669	1,607	1,441	1,496	1,460
Revenue Growth (YoY)	3.89%	11.54%	-3.69%	2.44%	4.29%
Cost of Revenue	531.35	507.97	481.45	474.97	430.59
Gross Profit	1,138	1,099	959.11	1,021	1,030
Selling, General & Admin	63.47	56.58	51.84	65.39	54.26
Other Operating Expenses	549.47	541.45	520.27	528.91	494.19
Operating Expenses	612.94	598.03	572.11	594.3	548.45
Operating Income	525.1	500.81	387	426.47	481.11
Interest Expense / Income	212.91	204.8	203.13	220.63	217.34
Other Expense / Income	-93.63	-112.3	-304.68	-363.03	-175.51
Pretax Income	405.83	408.32	488.55	568.87	439.29
Net Income	405.83	408.32	488.55	568.87	439.29
Net Income Growth	-0.61%	-16.42%	-14.12%	29.50%	12.59%
Shares Outstanding (Basic)	64	65	65	65	66
Shares Outstanding (Diluted)	64	65	65	66	66
Shares Change	-1.30%	0.01%	-0.73%	-0.57%	-0.22%
EPS (Basic)	6.32	6.27	7.51	8.69	6.67
EPS (Diluted)	6.32	6.27	7.51	8.69	6.66
EPS Growth	0.80%	-16.51%	-13.58%	30.48%	12.88%
Free Cash Flow	734.15	666.16	519.13	94.84	455.04
Free Cash Flow Per Share	11.43	10.24	7.98	1.45	6.91
Dividend Per Share	9.240	8.800	8.360	8.310	7.800
Dividend Growth	5.00%	5.26%	0.60%	6.54%	4.84%
Gross Margin	68.17%	68.39%	66.58%	68.25%	70.51%
Operating Margin	31.45%	31.17%	26.86%	28.51%	32.95%
Profit Margin	24.31%	25.41%	33.91%	38.03%	30.08%
Free Cash Flow Margin	43.98%	41.46%	36.04%	6.34%	31.16%
EBITDA	1,167	1,152	1,212	1,315	1,140
EBITDA Margin	69.92%	71.72%	84.12%	87.92%	78.10%
Depreciation & Amortization	548.44	539.32	520.07	525.5	483.75
EBIT	618.73	613.11	691.68	789.5	656.63
EBIT Margin	37.06%	38.16%	48.01%	52.78%	44.97%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).