Essex Property Trust, Inc. (ESS)
NYSE: ESS · Real-Time Price · USD
293.49
+0.03 (0.01%)
Jul 27, 2026, 12:54 PM EDT - Market open
Essex Property Trust Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 | 1,908 | 1,887 | 1,774 | 1,669 | 1,607 | 1,441 |
Service and Other Revenue | 9.2 | 9.38 | 10.27 | 11.13 | 11.14 | 9.14 |
| 1,908 | 1,887 | 1,774 | 1,669 | 1,607 | 1,441 | |
Revenue Growth | 5.27% | 6.36% | 6.29% | 3.90% | 11.54% | -3.69% |
Property Expenses | 356.46 | 353.36 | 328.12 | 301.95 | 283.35 | 264.87 |
Total Property Expenses | 356.46 | 353.36 | 328.12 | 301.95 | 283.35 | 264.87 |
Property Taxes | 205.16 | 205.63 | 193.41 | 185.81 | 183.92 | 180.37 |
Gross Profit | 1,346 | 1,328 | 1,253 | 1,182 | 1,140 | 995.32 |
Selling, General & Admin | 125.79 | 121 | 145.11 | 107.07 | 97.28 | 88.05 |
Depreciation & Amortization Expenses | 611.15 | 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 | 608.96 | 599.79 | 527.51 | 525.1 | 500.81 | 387 |
Net Gains on Disposal of Properties | 188.49 | 299.52 | 175.58 | 59.24 | 94.42 | 142.99 |
Interest Income | 62.62 | 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) | 1.46 | 6.39 | 214.58 | 2.45 | 35.56 | -5.98 |
Total Non-Operating Income (Expense) | 252.57 | 102.98 | 283.79 | -94.4 | -67.83 | 144.36 |
Pretax Income | 861.53 | 702.77 | 811.31 | 430.71 | 432.99 | 531.36 |
Provision for Income Taxes | - | - | - | - | - | -15.67 |
Net Income | 602.2 | 702.77 | 811.31 | 430.71 | 432.99 | 515.69 |
Minority Interest in Earnings | 29.46 | 33.11 | 69.78 | 24.88 | 24.67 | 27.14 |
Net Income to Common | 572.74 | 669.67 | 741.52 | 405.83 | 408.32 | 488.55 |
Net Income Growth | -14.76% | -9.69% | 82.72% | -0.61% | -16.42% | -14.12% |
Shares Outstanding (Basic) | 64 | 64 | 64 | 64 | 65 | 65 |
Shares Outstanding (Diluted) | 64 | 64 | 64 | 64 | 65 | 65 |
Shares Change | 0.21% | 0.23% | -0.00% | -1.30% | 0.01% | -0.73% |
EPS (Basic) | 8.90 | 10.40 | 11.55 | 6.32 | 6.27 | 7.51 |
EPS (Diluted) | 8.90 | 10.40 | 11.54 | 6.32 | 6.27 | 7.51 |
EPS Growth | -14.83% | -9.88% | 82.59% | 0.80% | -16.51% | -13.58% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Free Cash Flow | 312.76 | -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 | 4.85 | -0.64 | -1.28 | 11.43 | 10.23 | 7.98 |
Dividends Per Share | 10.300 | 10.280 | 9.800 | 9.240 | 8.800 | 8.360 |
Dividend Growth | 3.83% | 4.90% | 6.06% | 5.00% | 5.26% | 0.60% |
Gross Margin | 70.56% | 70.38% | 70.61% | 70.78% | 70.92% | 69.09% |
Operating Margin | 31.92% | 31.78% | 29.73% | 31.45% | 31.17% | 26.86% |
Profit Margin | 31.57% | 37.24% | 45.72% | 25.80% | 26.95% | 35.80% |
FCF Margin | 16.40% | -2.18% | -4.62% | 43.98% | 41.46% | 36.04% |
EBITDA | 1,220 | 1,207 | 1,108 | 1,074 | 1,040 | 907.07 |
EBITDA Margin | 63.96% | 63.97% | 62.43% | 64.31% | 64.73% | 62.97% |
EBIT | 608.96 | 599.79 | 527.51 | 525.1 | 500.81 | 387 |
EBIT Margin | 31.92% | 31.78% | 29.73% | 31.45% | 31.17% | 26.86% |
Effective Tax Rate | - | 0.00% | 0.00% | 0.00% | 0.00% | -2.95% |