Revenue segments as reported by the company.

Rental income

Other property

Management and other fees from affiliates

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Property operating

Corporate-level property management expenses

Depreciation and amortization

General and administrative

Expensed acquisition and investment related costs

Impairment loss

Gain on sale of real estate and land

Casualty loss

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Essex Property Trust

Essex Property Trust, Inc. operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Essex Property Trust reports robust 2022 performance amidst COVID challenges

Essex Property Trust's 2022 performance was strong, driven by team execution and market recovery, despite challenges from COVID-19 regulations. The company is well-positioned to capitalize on opportunities in tech sector evolution and market diversification in 2023.

Essex Property Trust (ESS) exceeds Q1 expectations, eyes growth opportunities

Essex Property Trust (ESS) reported a robust Q1 performance with strong core FFO per share growth and successful occupancy strategies. The company faces challenges related to expense volatility and moderating rent growth but sees opportunities in capital availability and demographic shifts driving rent growth.

Essex Property Trust (ESS) surpasses Q2 guidance, eyes rent growth

Essex Property Trust (ESS) delivered strong Q2 results, with a focus on exceeding guidance and strategic shifts towards rent growth. Challenges include R&M expenses and uncertainty around property tax rates, while opportunities lie in market strengths and relocation trends.

Essex Property Trust reports strong Q3 performance amidst market challenges

Essex Property Trust demonstrated resilience in Q3 with improved financial performance despite industry challenges.
Strategic focus on maximizing revenues through a balance between rate growth and occupancy is evident.
Anticipated job growth near major employment centers and high affordability levels in key markets position Essex well for future growth.

Essex Property Trust excels in 2023, eyes growth amid challenges

Essex Property Trust's strong 2023 performance, operational resilience, and financial stability position them well for 2024, despite challenges like rising operating expenses.
The company's focus on regional market dynamics, tenant retention strategies, and revenue growth assumptions align with market trends and present growth opportunities.
Navigating uncertainties around lease rates, unit turnover, and capital allocation will be key for Essex to sustain performance and address investor inquiries effectively.
Insights on market rent forecasts, job-related trends, and collection strategies provide Essex with actionable opportunities to optimize revenue streams and enhance operational efficiency.

Essex Property Trust (ESS) surpasses Q1 expectations, eyes dividend growth

Essex Property Trust (ESS) reported strong Q1 results, exceeding guidance and increasing full-year guidance. The company's strategic moves in portfolio optimization, joint venture acquisitions, and preferred equity investments have positioned it well for growth. Challenges in concessions and transaction market thinness are being addressed, while opportunities lie in dividend growth and exploring alternative capital options.

Essex Property Trust (ESS) surpasses Q2 earnings guidance, eyes West Coast growth

Essex Property Trust (ESS) delivered a robust performance in Q2 2024, exceeding core FFO guidance and showcasing strength in key regions. The company raised full-year core FFO guidance and highlighted a healthy balance sheet. While challenges may arise, opportunities exist for growth through strategic investments and market demand.

Essex Property Trust (ESS) reports strong Q3, eyes growth in 2025

Essex Property Trust (ESS) had a strong quarter, raising core FFO guidance and making strategic acquisitions. Despite challenges like advocacy expenses and market transaction volumes, the company is well-positioned with a strong balance sheet and growth opportunities for 2025.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Essex Property Trust, Inc. operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and re-development of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.

Essex Property (ESS) is likely to benefit from its strong property base on the West Coast, favorable demographics and a solid balance sheet.

4 Reasons to Add Essex Property (ESS) to Your Portfolio Now

Essex Property Trust focuses on three different supply-constrained markets across the US West Coast. Both enduring demand and limited supply are working in its favor. It has increased its dividend for 30 consecutive years. That easily qualifies the company for its vaunted status as a Dividend Aristocrat - one of only three REITs that can claim such a thing. On the other hand, the stock's 3.5% yield is on the low side for a REIT. But this yield easily beats the market and is 30 basis points higher than its own five-year average.

Essex Property Trust: High-Quality REIT With A Growing Dividend

Atmos Energy

Con Ed

Genuine Parts

Realty Income Corp

PepsiCo

Sysco

Dividend aristocrats make an excellent case for inclusion in your portfolio, irrespective of the underlying circumstances. To qualify as a dividend aristocrat, a stock must represent one of the S&P 500 companies and have boosted their dividend every year for at least 25 years.

7 Dividend Aristocrats to Buy to Steadily Build Your Portfolio

AvalonBay Communities

Blackstone Group

Boston Properties

Camden Property

Equity Residential

Public Storage

Simon Property Group

Vici Properties

Welltower

The next cycle for public REITs could be more similar to those of the 1990s and early 2000s than one of the past 14 years. In prior cycles, public REITs enjoyed a cost of capital that allowed for significant external growth, boosting cash flow and dividends per share. Many companies spent the past cycle shoring up their balance sheets to record low leverage and maintaining a low dividend payout to enhance flexibility.

The 'X' Factor For Public REITs

Essex Property Trust, Inc. (NYSE:ESS ) Q2 2024 Earnings Conference Call July 31, 2024 1:00 PM ET Company Participants Angela Kleiman - President and CEO Barb Pak - CFO & EVP Rylan Burns - EVP and Chief Investment Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Nick Joseph - Citi Steven Song - Bank of America Daniel Tricarico - Scotiabank Brad Heffern - RBC Capital Markets Haendel St. Juste - Mizuho Securities Adam Kramer - Morgan Stanley James Feldman - Wells Fargo Connor Mitchell - Piper Sandler John Kim - BMO Capital Markets Wes Golladay - Baird Ami Probandt - UBS Operator Good day, and welcome to Essex Property Trust's Second Quarter 2024 Earnings Call. As a reminder, today's conference call is being recorded.

Essex Property Trust, Inc. (ESS) Q2 2024 Earnings Call Transcript

Essex Property Trust (ESS) possesses solid growth attributes, which could help it handily outperform the market.

Looking for a Growth Stock? 3 Reasons Why Essex Property Trust (ESS) is a Solid Choice

Essex Property's (ESS) Q2 FFO tops estimates. Results reflect favorable growth in same-property revenues and net operating income.

Essex Property (ESS) Q2 FFO & Revenues Beat, '24 View Raised

Although the revenue and EPS for Essex Property Trust (ESS) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Essex Property Trust (ESS) Q2 Earnings: A Look at Key Metrics

Essex Property Trust (ESS) came out with quarterly funds from operations (FFO) of $3.94 per share, beating the Zacks Consensus Estimate of $3.84 per share. This compares to FFO of $3.77 per share a year ago.

Essex Property Trust (ESS) Q2 FFO and Revenues Surpass Estimates

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its second quarter 2024 earnings results and related business activities. Net Income, Funds from Operations (“FFO”), and Core FFO per diluted share for the quarter ended June 30, 2024 are detailed below.   Three Months Ended June 30,   Six Months Ended June 30,     % %   2024 2023 Change 2024 2023 Change Per Diluted Share             Net Income $1.45 $1.55 -6.5% $5.69 $3.94 44.4% Total FFO.

Essex Announces Second Quarter 2024 Results and Raises Full-Year 2024 Guidance

AbbVie

Target

24/7 Insights Dividend Aristocrat shareholders could see some big upside in August.

5 Dividend Aristocrats May Be Primed for a Big August

Essex Property's (ESS) Q2 results are likely to show the benefits of a solid property base and technological initiatives.

What's in Store for Essex Property (ESS) in Q2 Earnings?

Mid-America Apartment Communities

Landlords face challenges when tenants stop paying rent, especially with single-family homes. Apartment buildings with multiple units provide more stability, while owning a portfolio of multifamily buildings minimizes the impact of delinquent tenants. Investing in blue-chip multifamily REITs like AvalonBay Communities, Camden Property Trust, Essex Property Trust, and Mid-America Apartment Communities can offer safe dividends and strong total returns.

Become A Multifamily Millionaire

Arbor Realty Trust

Agree Realty

American Homes 4 Rent

American Tower

Alexandria Real Estate Equities

Crown Castle International

CoStar Group

Digital Realty Trust

Healthpeak Properties Inc

Equity LifeStyle Properties

Equinix

Extra Space Storage

First Industrial Realty Trust

Federal Realty Investment Trust

Getty Realty

Innovative Industrial Properties

Invitation Homes

Iron Mountain

Kimco Realty

REITs are structured for income investors, obligated to pay out 90% of earnings to shareholders, making them an income-producing vehicle. REITs are undervalued and positioned to do well as the rate cut cycle debuts, making them an attractive sector to become overweight. A list of 12 handpicked REITs is provided, offering a combination of high dividend yields, dividend growth, and value for potential investors.

If I Had To Retire Today With 12 REITs

A sturdy property base in the West Coast market with favorable demand drivers is likely to aid Essex Property (ESS). Technology initiatives to drive margins and a healthy balance sheet bode well for long-term growth.

Essex Property (ESS) Up 9.1% in 3 Months: Will the Trend Last?

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its second quarter 2024 earnings after the market closes on Tuesday, July 30, 2024. A conference call with senior management is scheduled for Wednesday, July 31, 2024 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern Time. The second quarter conference call is open to everyone and can be accessed by: Internet: Go to www.essex.com; click on Investors and the second quarter earnings we.

Essex Announces Release and Conference Call Dates for Its Second Quarter 2024 Earnings

Brookfield Asset Management

Cullen/Frost Bankers

Comcast

CareTrust REIT

Dollar General

SPDR Dow Jones Industrial Average ETF

Dollar Tree

iShares Global Clean Energy ETF

InvenTrust Properties Corp

Invesco QQQ

Rexford Industrial Realty

SPDR S&P 500 ETF Trust

Sempra Energy

Invesco Solar ETF

Walmart

Energy Select Sector SPDR Fund

Economic data suggests a recession may be looming, with signs of weakening in the labor market and consumer spending. Investing based on politics is not recommended, as market reactions to political events can be unpredictable and counterintuitive. The resurgent trade war is expected to have negative impacts on the economy, with potential inflation and job losses.

8 Stocks I'm Buying As A Resurgent Trade War Looms

EPR Properties

iShares Russell 2000 ETF

Peter Lynch recently observed that the market has been behaving very abnormally recently, creating a rare and incredible buying opportunity. We discuss why this is. We also share some of our top picks of the moment.

A Rare Buying Opportunity Before A Big Market Reversal Takes Place

Favorable West Coast market fundamentals and a healthy balance sheet are likely to support Essex Property (ESS). However, an elevated supply in some markets and high interest rates are worrisome.

Is it Wise to Retain Essex Property (ESS) in Your Portfolio?

News for Essex Property Trust Stock (ESS)