Essex Property Trust, Inc. (ESS) Financials

NYSE:ESS

Market Cap

14.76B

Total Revenue

1.61B

Gross Profit

1.10B

Operating Income

595.23M

Net Income

408.31M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	613,703,000	969,305,000	1,194,407,000	1,294,001,000	1,363,899,000	1,400,053,000	1,460,155,000	1,495,748,000	1,440,556,000	1,606,814,000
costOfRevenue	202,693,000	310,913,000	363,508,000	388,927,000	405,542,000	416,396,000	430,594,000	474,973,000	481,447,000	507,973,000
grossProfit	411,010,000	658,392,000	830,899,000	905,074,000	958,357,000	983,657,000	1,029,561,000	1,020,775,000	959,109,000	1,098,841,000
researchAndDevelopmentExpenses	--	--	--	--	--	--	--	--	--	--
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	25,601,000	40,878,000	40,090,000	40,751,000	41,385,000	53,451,000	54,262,000	65,388,000	51,838,000	56,577,000
sellingGeneralAndAdministrativeExpenses	25,601,000	40,878,000	40,090,000	40,751,000	41,385,000	53,451,000	54,262,000	65,388,000	51,838,000	56,577,000
operatingExpenses	229,945,000	401,470,000	493,513,000	482,433,000	510,266,000	533,335,000	538,012,000	590,885,000	571,904,000	595,515,000
operatingIncome	188,705,000	201,514,000	331,174,000	420,800,000	446,522,000	450,128,000	674,222,000	772,095,000	529,995,000	595,229,000
totalOtherIncomeExpensesNet	52,784,000	31,142,000	90,882,000	200,812,000	198,144,000	148,191,000	-208,317,000	-171,232,000	1,364,000	-172,480,000
ebitda	452,907,000	668,332,000	865,827,000	940,326,000	1,116,662,000	1,047,462,000	1,157,972,000	1,297,592,000	1,119,996,000	1,106,217,000
depreciationAndAmortization	204,344,000	360,592,000	453,423,000	441,682,000	468,881,000	479,884,000	483,750,000	525,497,000	590,001,000	510,988,000
interestIncome	11,633,000	10,761,000	19,143,000	27,305,000	24,604,000	26,871,000	39,002,000	40,999,000	98,744,000	20,119,000
interestExpense	104,600,000	164,551,000	199,172,000	207,938,000	212,796,000	211,785,000	208,893,000	209,900,000	192,351,000	196,891,000
incomeBeforeTax	140,882,000	134,438,000	248,239,000	442,820,000	458,043,000	413,599,000	465,905,000	600,863,000	531,359,000	422,749,000
incomeTaxExpense	145,064,000	216,732,000	271,166,000	4,410,000	412,866,000	183,963,000	1,457,000	1,531,000	15,668,000	-10,236,000
netIncome	156,283,000	122,150,000	232,120,000	414,979,000	433,059,000	390,153,000	439,286,000	568,870,000	488,554,000	408,315,000
eps	4.05	2.07	3.5	6.28	6.58	5.91	6.67	8.69	7.51	6.28
epsdiluted	4.04	2.06	3.49	6.27	6.57	5.9	6.66	8.69	7.51	6.27
weightedAverageShsOut	37,237,284	56,546,959	64,871,717	65,471,540	65,829,155	66,041,058	65,840,422	65,454,057	65,051,465	65,051,465
weightedAverageShsOutDil	37,329,455	56,696,525	65,061,685	65,587,816	65,898,255	66,085,089	65,939,455	65,564,982	65,088,874	65,088,874
costAndExpenses	432,638,000	712,383,000	857,021,000	871,360,000	915,808,000	949,731,000	968,606,000	1,065,858,000	1,053,351,000	1,103,488,000
otherExpenses	204,344,000	360,592,000	453,423,000	441,682,000	468,881,000	479,884,000	483,750,000	525,497,000	520,066,000	538,938,000

Key Facts

Industry

REIT—Residential

Sector

Real Estate

Headquarters

San Mateo, CA, US

Website

essexapartmenthomes.com

CEO

Ms. Angela L. Kleiman

Employees

1770

About the Company

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.