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

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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

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Purchase/sale of investments

Purchase/sale of business

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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 Trust, Inc. (ESS) Q2 2023 Earnings Call Transcript

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Essex Property's (ESS) Q2 results reflect improving same-property net operating income. The company has also revised its 2023 projections.

Essex Property (ESS) Q2 FFO & Revenues Beat, '23 View Revised

While the top- and bottom-line numbers for Essex Property Trust (ESS) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Essex Property Trust (ESS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Essex Property Trust (ESS) came out with quarterly funds from operations (FFO) of $3.77 per share, beating the Zacks Consensus Estimate of $3.73 per share. This compares to FFO of $3.68 per share a year ago.

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

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its second quarter 2023 earnings results and related business activities. Net Income, Funds from Operations (“FFO”), and Core FFO per diluted share for the three and six months ended June 30, 2023 are detailed below.   Three Months Ended June 30,       Six Months Ended June 30,         %     %   2023   2022   Change   2023   2022   Change Per Diluted Share             Net Income $ 1.55 $ 0.

Essex Announces Second Quarter 2023 Results and Raises Full-Year 2023 Guidance

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Predicting short-term trends in the CPI and how the Fed will react is very different than predicting macroeconomic developments like recessions. With the CPI about to plunge sharply, interest rates are nearly certain to follow. This article explores how you might profit.

REITs To Buy As Inflation Plunges And Before Interest Rates Follow

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REITs are today heavily discounted. AvalonBay Communities, Inc. and Essex Property Trust, Inc. are two of the most popular REITs to buy today. But which one is the better opportunity?

AvalonBay Vs. Essex Property Trust: Which Is The Better REIT To Buy Today?

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As markets come to a significant turning point, investors can benefit from understanding where money has been and where it may be going into, as pivots in the flow of investment preferences usually give a window of opportunity for those who can spot it. In today's environment, some instruments and indicators give out 'warning' signs, causing broader allocators to rotate their portfolios to maneuver around changing tides.

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The Chilton REIT Team attended the REITWeek annual conference in New York City, participating in 39 meetings and gaining insights into potential new ideas and the diverse landscape of REIT properties. Amid rising interest rates and a sluggish debt/transaction market, the importance of robust balance sheets was a central theme. Participants noted sustained demand despite potential economic downturn and escalating construction and financing costs.

Equity REITs: Takeaways From NAREIT REITWeek 2023

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its second quarter 2023 earnings after the market closes on Thursday, July 27, 2023. A conference call with senior management is scheduled for Friday, July 28, 2023 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 webc.

Essex Announces Release and Conference Call Dates for Its Second Quarter 2023 Earnings

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The ProShares S&P 500 Dividend Aristocrats ETF is recovering in June after a poor performance in May, with a 5.96% gain compared to a 5.90% loss in the previous month. Despite this, 31 dividend aristocrats are outperforming NOBL year-to-date through May. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After nearly 23 months, 2 of the 3 buy-and-hold portfolios continue to generate alpha over NOBL and all 3 are beating SPY.

My Best Dividend Aristocrats For July 2023

News for Essex Property Trust Stock (ESS)