Essex Property Trust, Inc. (ESS)
NYSE: ESS · Real-Time Price · USD
288.66
-3.34 (-1.14%)
Aug 26, 2026, 4:00 PM EDT - Market closed
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 | Jun '26 Jun 30, 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 |
Rental Revenue | 1,917 | 1,878 | 1,764 | 1,658 | 1,596 | 1,431 |
Property Management Fees | 9.3 | 9.38 | 10.27 | 11.13 | 11.14 | 9.14 |
Other Revenue | 54.04 | 48.1 | 51.93 | 44.26 | 26.03 | 111.72 |
| 1,981 | 1,935 | 1,826 | 1,714 | 1,633 | 1,552 | |
Revenue Growth (YoY | 4.71% | 5.97% | 6.58% | 4.95% | 5.19% | -0.64% |
Property Expenses | 618.57 | 608.06 | 567.82 | 531.95 | 510.11 | 481.65 |
Selling, General & Administrative | 131.66 | 71.95 | 98.9 | 63.47 | 56.58 | 51.84 |
Depreciation & Amortization | 613.72 | 607.54 | 580.22 | 548.44 | 539.32 | 520.07 |
Total Operating Expenses | 1,364 | 1,288 | 1,247 | 1,144 | 1,106 | 1,054 |
Operating Income | 616.82 | 647.89 | 579.44 | 569.8 | 526.84 | 498.72 |
Interest Expense | -262.81 | -258.4 | -235.53 | -212.91 | -204.8 | -203.13 |
Interest & Investment Income | 13.63 | 16.2 | 30.1 | 28.55 | 21.5 | 57.3 |
Other Non-Operating Income | 5.23 | 4.73 | 3.1 | 3.15 | 7.91 | 10.77 |
EBT Excluding Unusual Items | 372.87 | 410.41 | 377.12 | 388.59 | 351.45 | 363.67 |
Gain (Loss) on Sale of Investments | 0.41 | -6.4 | 216.11 | -24.39 | -17.89 | 23.1 |
Gain (Loss) on Sale of Assets | 64.32 | 299.52 | 175.58 | 59.24 | 94.42 | 142.99 |
Total Legal Settlements | - | - | 42.5 | 7.7 | 4.2 | - |
Other Unusual Items | - | -0.76 | - | -0.43 | 0.81 | -14.07 |
Pretax Income | 437.61 | 702.77 | 811.31 | 430.71 | 432.99 | 515.69 |
Earnings From Continuing Operations | 437.61 | 702.77 | 811.31 | 430.71 | 432.99 | 515.69 |
Minority Interest in Earnings | -23.76 | -33.11 | -69.78 | -24.88 | -24.67 | -27.14 |
Net Income | 413.84 | 669.67 | 741.52 | 405.83 | 408.32 | 488.55 |
Net Income to Common | 413.84 | 669.67 | 741.52 | 405.83 | 408.32 | 488.55 |
Net Income Growth | -48.29% | -9.69% | 82.72% | -0.61% | -16.42% | -14.12% |
Basic Shares Outstanding | 64 | 64 | 64 | 64 | 65 | 65 |
Diluted Shares Outstanding | 64 | 64 | 64 | 64 | 65 | 65 |
Shares Change | 0.10% | 0.23% | -0.00% | -1.30% | 0.01% | -0.73% |
EPS (Basic) | 6.43 | 10.40 | 11.55 | 6.32 | 6.27 | 7.51 |
EPS (Diluted) | 6.43 | 10.40 | 11.54 | 6.32 | 6.27 | 7.51 |
EPS Growth | -48.33% | -9.88% | 82.71% | 0.74% | -16.51% | -13.56% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Dividend Per Share | 10.320 | 10.280 | 9.800 | 9.240 | 8.800 | 8.360 |
Dividend Growth | 2.79% | 4.90% | 6.06% | 5.00% | 5.26% | 0.60% |
Operating Margin | 31.14% | 33.48% | 31.73% | 33.25% | 32.27% | 32.13% |
Profit Margin | 20.89% | 34.60% | 40.60% | 23.68% | 25.01% | 31.47% |
EBITDA | 1,231 | 1,255 | 1,160 | 1,118 | 1,066 | 1,019 |
EBITDA Margin | 62.12% | 64.86% | 63.50% | 65.25% | 65.30% | 65.63% |
D&A For Ebitda | 613.72 | 607.54 | 580.22 | 548.44 | 539.32 | 520.07 |
EBIT | 616.82 | 647.89 | 579.44 | 569.8 | 526.84 | 498.72 |
EBIT Margin | 31.14% | 33.48% | 31.73% | 33.25% | 32.27% | 32.13% |
Funds From Operations (FFO) | 1,030 | 1,065 | 1,064 | 1,014 | 923.36 | 941.05 |
FFO Per Share | 15.46 | 15.98 | 15.99 | 15.24 | 13.70 | 13.98 |
Adjusted Funds From Operations (AFFO) | - | 1,065 | 1,064 | 1,014 | 923.36 | 941.05 |
AFFO Per Share | - | 15.98 | 15.99 | 15.24 | 13.70 | 13.98 |
FFO Payout Ratio | 64.39% | 61.41% | 58.32% | 57.90% | 61.29% | 57.69% |
Revenue as Reported | 1,927 | 1,887 | 1,774 | 1,669 | 1,607 | 1,441 |