Essex Property Trust (ESS) Financials

$274.97 +5.50 (+2.04%)

Closing price 03:59 PM Eastern

Extended Trading

$274.59 -0.38 (-0.14%)

As of 06:33 PM Eastern

Annual Income Statements for Essex Property Trust

This table shows Essex Property Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	742	406	408	489	569	439	390	433	411	227
Consolidated Net Income / (Loss)	811	431	433	516	599	464	414	458	438	248
Net Income / (Loss) Continuing Operations	601	431	416	532	599	464	414	371	438	242
Total Pre-Tax Income	601	431	416	532	601	464	412	371	438	242
Total Operating Income	703	584	595	530	491	481	512	473	421	331
Total Gross Profit	1,448	1,370	1,323	1,176	1,232	1,219	1,167	1,135	1,294	959
Total Revenue	1,774	1,669	1,607	1,441	1,496	1,460	1,400	1,364	1,294	1,194
Operating Revenue	1,774	1,669	1,607	1,441	1,496	1,460	1,400	1,364	1,294	1,194
Total Cost of Revenue	326	300	283	265	264	241	233	229	0.00	235
Operating Cost of Revenue	326	300	283	265	264	241	233	229	-	235
Total Operating Expenses	745	785	728	646	741	738	655	662	873	634
Selling, General & Admin Expense	99	63	57	52	65	54	53	41	41	40
Depreciation Expense	580	548	539	520	525	484	480	469	442	453
Other Operating Expenses / (Income)	242	232	225	217	146	192	184	176	389	129
Restructuring Charge	0.07	0.60	2.13	0.20	1.59	0.17	0.19	1.57	1.84	6.21
Other Special Charges / (Income)	-176	-59	-94	-143	-	-	-62	-26	-	-
Total Other Income / (Expense), net	-102	-154	-180	2.45	108	-17	-100	-102	18	-83
Interest Expense	155	167	224	104	244	214	220	223	220	211
Interest & Investment Income	51	14	34	122	77	167	121	121	88	47
Other Income / (Expense), net	0.93	-0.70	10	-16	274	30	0.00	0.00	150	81
Other Adjustments to Consolidated Net Income / (Loss)	211	0.00	17	-17	-	-	1.25	87	0.00	-
Net Income / (Loss) Attributable to Noncontrolling Interest	70	25	25	27	30	25	23	25	23	16
Basic Earnings per Share	$11.55	$6.32	$6.27	$7.51	$8.69	$13.34	$5.91	$6.58	$6.28	$3.50
Weighted Average Basic Shares Outstanding	64.23M	64.25M	65.08M	65.05M	65.45M	65.84M	66.04M	65.83M	65.47M	64.87M
Diluted Earnings per Share	$11.54	$6.32	$6.27	$7.51	$8.69	$13.32	$5.90	$6.57	$6.27	$3.49
Weighted Average Diluted Shares Outstanding	64.25M	64.25M	65.10M	65.09M	65.56M	65.94M	66.09M	65.90M	65.59M	65.06M
Weighted Average Basic & Diluted Shares Outstanding	64.33M	64.20M	64.52M	65.28M	65.45M	65.84M	66.04M	65.83M	65.47M	64.87M
Cash Dividends to Common per Share	$9.80	$9.24	$8.80	$8.36	$8.31	$7.80	$7.44	$7.00	$6.40	$5.76

This table shows Essex Property Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	203	257	118	93	273	65	87	100	154	185	93
Consolidated Net Income / (Loss)	213	302	125	99	285	70	93	106	162	194	99
Net Income / (Loss) Continuing Operations	213	261	94	99	147	70	93	106	162	194	81
Total Pre-Tax Income	213	261	94	99	147	70	93	106	162	194	81
Total Operating Income	257	304	129	137	132	130	132	135	187	228	129
Total Gross Profit	379	371	365	364	348	347	342	342	339	344	336
Total Revenue	465	454	451	442	427	422	419	416	412	415	410
Operating Revenue	465	454	451	442	427	422	419	416	412	415	410
Total Cost of Revenue	86	83	85	79	79	75	77	74	74	71	73
Operating Cost of Revenue	86	83	85	79	79	75	77	74	74	71	73
Total Operating Expenses	121	67	237	226	216	216	210	207	151	116	208
Selling, General & Admin Expense	16	32	29	21	17	20	15	14	15	16	15
Depreciation Expense	151	148	146	146	140	138	137	137	136	136	136
Other Operating Expenses / (Income)	65	62	61	59	59	59	58	57	58	56	57
Restructuring Charge	0.00	0.00	0.00	0.00	0.07	0.22	0.03	0.01	0.34	1.88	0.23
Other Special Charges / (Income)	-111	-176	0.00	0.00	0.00	-	0.00	0.00	-59	-94	0.00
Total Other Income / (Expense), net	-44	-43	-35	-38	14	-60	-39	-29	-26	-34	-47
Interest Expense	58	59	48	50	-1.34	38	50	40	39	40	58
Interest & Investment Income	14	15	12	10	13	-23	11	13	12	3.47	13
Other Income / (Expense), net	0.16	-0.27	0.44	0.81	-0.05	0.54	-0.40	-1.73	0.90	2.37	-1.76
Other Adjustments to Consolidated Net Income / (Loss)	-0.43	41	32	0.00	138	-	0.00	0.00	0.00	-	17
Net Income / (Loss) Attributable to Noncontrolling Interest	9.67	44	7.06	6.07	12	4.96	5.73	6.14	8.06	9.06	5.86
Basic Earnings per Share	$3.16	$4.01	$1.84	$1.45	$4.25	$1.03	$1.36	$1.55	$2.38	$2.85	$1.43
Weighted Average Basic Shares Outstanding	64.31M	64.23M	64.23M	64.21M	64.21M	64.25M	64.18M	64.18M	64.46M	65.08M	65.06M
Diluted Earnings per Share	$3.16	$4.00	$1.84	$1.45	$4.25	$1.03	$1.36	$1.55	$2.38	$2.85	$1.43
Weighted Average Diluted Shares Outstanding	64.35M	64.25M	64.27M	64.23M	64.21M	64.25M	64.19M	64.18M	64.46M	65.10M	65.07M
Weighted Average Basic & Diluted Shares Outstanding	64.39M	64.33M	64.27M	64.22M	64.21M	64.20M	64.18M	64.18M	64.18M	64.52M	64.75M
Cash Dividends to Common per Share	$2.57	-	$2.45	$2.45	$2.45	-	$2.31	$2.31	$2.31	-	$2.20

This table details how cash moves in and out of Essex Property Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-324	358	-16	-25	2.95	-70	90	-109	47	0.07
Net Cash From Operating Activities	1,068	980	976	905	803	919	827	770	717	618
Net Cash From Continuing Operating Activities	1,068	980	976	905	803	919	827	770	717	618
Net Income / (Loss) Continuing Operations	811	431	433	516	599	464	414	458	438	248
Consolidated Net Income / (Loss)	811	431	433	516	599	464	414	458	438	248
Depreciation Expense	580	548	539	520	525	484	480	469	442	453
Amortization Expense	7.80	6.91	6.71	9.54	-12	-23	-20	-21	-29	-32
Non-Cash Adjustments To Reconcile Net Income	-386	-4.34	-0.91	-173	-296	-45	-47	-120	-138	-45
Changes in Operating Assets and Liabilities, net	55	-1.65	-2.46	33	-13	39	0.17	-17	4.54	-6.72
Net Cash From Investing Activities	-973	-145	146	-397	-417	-528	-60	-568	-413	-726
Net Cash From Continuing Investing Activities	-973	-145	146	-397	-417	-528	-60	-568	-413	-726
Purchase of Property, Plant & Equipment	-1,080	-173	-213	-324	-659	-172	-97	-279	-456	-830
Acquisitions	-34	-37	-163	-306	-114	-402	-162	-293	-184	-
Purchase of Investments	-1.00	-21	-18	-24	-83	-339	-38	-68	-19	-142
Sale of Property, Plant & Equipment	247	99	158	297	339	-	348	132	239	319
Sale and/or Maturity of Investments	68	104	247	171	185	613	115	198	107	41
Other Investing Activities, net	-173	-117	135	-211	-85	-228	-225	-258	-101	-113
Net Cash From Financing Activities	-420	-477	-1,138	-533	-383	-462	-676	-311	-256	107
Net Cash From Continuing Financing Activities	-420	-477	-1,138	-533	-383	-462	-676	-311	-256	107
Repayment of Debt	-1,933	-1,199	-1,730	-1,781	-2,029	-2,912	-1,152	-1,491	-1,018	-1,197
Repurchase of Common Equity	-10	-97	-193	-22	-284	-68	-56	-9.65	-8.97	-8.03
Payment of Dividends	-708	-619	-608	-581	-570	-572	-515	-506	-439	-391
Issuance of Debt	2,222	1,442	1,376	1,796	2,491	2,985	1,042	1,580	1,265	1,346
Issuance of Common Equity	-0.30	-0.35	-0.19	1.45	-0.30	73	-0.92	89	-0.38	332
Other Financing Activities, net	9.10	-3.83	17	53	9.20	34	5.34	26	19	26
Cash Interest Paid	223	208	201	200	226	-219	223	226	216	197

This table details how cash moves in and out of Essex Property Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	32	-4.42	16	-444	108	-0.16	331	-8.04	34	-11	5.11
Net Cash From Operating Activities	282	218	316	219	315	204	288	211	277	167	299
Net Cash From Continuing Operating Activities	282	218	316	219	315	204	288	211	277	167	299
Net Income / (Loss) Continuing Operations	213	302	125	99	285	70	93	106	162	194	99
Consolidated Net Income / (Loss)	213	302	125	99	285	70	93	106	162	194	99
Depreciation Expense	151	148	146	146	140	138	137	137	136	136	136
Amortization Expense	0.22	1.81	1.80	1.85	2.34	1.88	1.86	1.89	1.28	1.80	1.58
Non-Cash Adjustments To Reconcile Net Income	-110	-213	-26	-0.44	-147	37	15	6.95	-63	-110	17
Changes in Operating Assets and Liabilities, net	27	-21	68	-27	35	-43	41	-40	40	-55	46
Net Cash From Investing Activities	-267	-129	-221	-225	-397	-43	-68	-90	55	215	-171
Net Cash From Continuing Investing Activities	-267	-129	-221	-225	-397	-43	-68	-90	55	215	-171
Purchase of Property, Plant & Equipment	-381	-287	-240	-170	-383	-49	-40	-63	-21	-61	-76
Acquisitions	-3.93	-29	-1.17	-1.73	-2.07	-5.24	-17	-7.60	-7.97	-3.73	-63
Purchase of Investments	-6.31	-0.57	-0.09	-0.17	-0.16	-9.23	-0.25	-0.23	-11	-5.35	-0.59
Sale of Property, Plant & Equipment	126	247	-	-	0.00	-	-	-	99	158	-
Sale and/or Maturity of Investments	8.01	38	15	15	0.01	42	11	24	27	55	8.40
Other Investing Activities, net	-10	-98	5.08	-68	-12	-21	-22	-43	-31	72	-40
Net Cash From Financing Activities	18	-93	-79	-438	190	-161	111	-130	-298	-393	-123
Net Cash From Continuing Financing Activities	18	-93	-79	-438	190	-161	111	-130	-298	-393	-123
Repayment of Debt	-760	-485	-628	-818	-0.76	-0.78	-150	-668	-379	-531	-249
Repurchase of Common Equity	-3.06	-1.05	-6.04	-0.31	-2.69	-0.06	-1.32	-0.19	-96	-34	-98
Payment of Dividends	-174	-219	-167	-166	-157	-156	-156	-157	-150	-151	-160
Issuance of Debt	949	615	712	547	349	0.03	413	701	328	323	383
Issuance of Common Equity	0.00	0.28	-0.47	-0.11	-0.01	-0.12	-0.11	-0.05	-0.07	-	-0.11
Other Financing Activities, net	5.51	-3.22	11	-	0.96	-3.83	6.01	-6.01	0.00	0.12	0.16
Cash Interest Paid	61	59	56	50	58	48	58	49	53	51	52

This table presents Essex Property Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	12,927	12,361	12,373	12,998	12,936	12,705	12,384	12,496	12,217	12,008
Total Current Assets	379	654	226	656	474	401	472	391	399	322
Cash & Equivalents	67	392	33	48	74	70	134	45	65	30
Restricted Cash	9.05	8.59	9.39	10	10	11	17	17	105	93
Note & Lease Receivable	207	175	103	341	195	134	72	101	41	19
Prepaid Expenses	97	79	81	65	47	41	39	39	48	42
Plant, Property, & Equipment, net	12,427	11,556	11,966	12,272	12,390	12,230	11,911	12,104	11,818	11,687
Plant, Property & Equipment, gross	18,577	17,221	17,119	16,919	16,524	15,920	15,121	14,874	14,130	13,637
Accumulated Depreciation	6,151	5,665	5,152	4,647	4,134	3,689	3,210	2,769	2,312	1,950
Total Noncurrent Assets	121	152	180	69	72	75	0.00	356	191	0.00
Long-Term Investments	70	88	113	-	-	-	-	-	-	-
Noncurrent Note & Lease Receivables	52	64	67	69	-	75	0.00	-	-	-
Total Liabilities & Shareholders' Equity	12,927	12,361	12,373	12,998	12,936	12,705	12,384	12,496	12,217	12,008
Total Liabilities	7,176	6,735	6,451	6,787	6,721	6,264	5,954	6,060	5,880	5,626
Total Current Liabilities	610	418	432	730	356	397	315	516	409	288
Short-Term Debt	138	0.00	52	341	0.00	55	0.00	179	125	15
Accounts Payable	227	197	189	210	184	207	186	179	174	172
Dividends Payable	165	156	149	143	142	135	129	121	110	100
Other Current Liabilities	79	65	43	36	-	-	-	37	0.00	-
Total Noncurrent Liabilities	6,566	6,317	6,018	6,057	6,365	5,867	5,639	5,543	5,471	5,338
Long-Term Debt	6,464	6,206	5,906	5,946	6,252	5,754	5,606	5,510	5,438	5,304
Capital Lease Obligations	52	65	69	71	74	77	0.00	-	-	-
Other Noncurrent Operating Liabilities	50	46	43	40	39	37	33	33	33	35
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	31	32	27	35	32	37	35	39	45	45
Total Equity & Noncontrolling Interests	5,720	5,594	5,895	6,177	6,183	6,404	6,394	6,397	6,292	6,337
Total Preferred & Common Equity	5,537	5,423	5,716	5,994	6,000	6,220	6,267	6,277	6,192	6,238
Total Common Equity	5,537	5,423	5,716	5,994	6,000	6,220	6,267	6,277	6,192	6,164
Common Stock	6,668	6,657	6,750	6,916	6,876	7,122	7,093	7,130	7,030	7,003
Accumulated Other Comprehensive Income / (Loss)	25	34	46	-5.55	-15	-14	-13	-18	-32	-42
Other Equity Adjustments	-1,156	-1,268	-	-917	-	-	-	-	-	-
Noncontrolling Interest	183	171	179	183	183	183	127	119	100	99

This table presents Essex Property Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	13,186	12,927	12,647	12,509	12,885	12,361	12,498	12,245	12,280	12,373	12,624
Total Current Assets	336	379	359	383	774	654	641	303	136	226	465
Cash & Equivalents	99	67	71	55	499	392	392	61	68	33	43
Restricted Cash	9.13	9.05	8.98	8.93	8.83	8.59	8.50	8.17	-	9.39	11
Note & Lease Receivable	134	207	200	234	183	175	165	150	-	103	198
Prepaid Expenses	94	97	78	86	83	79	76	83	69	81	72
Plant, Property, & Equipment, net	12,721	12,427	12,161	11,988	11,957	11,556	11,702	11,775	10,687	11,966	12,093
Plant, Property & Equipment, gross	18,893	18,577	18,165	17,935	17,761	17,221	17,230	17,166	15,942	17,119	17,141
Accumulated Depreciation	6,172	6,151	6,004	5,946	5,804	5,665	5,528	5,391	5,255	5,152	5,048
Total Noncurrent Assets	129	121	128	138	154	152	155	168	1,456	180	67
Long-Term Investments	76	70	75	84	91	88	90	102	1,238	113	-
Noncurrent Note & Lease Receivables	53	52	52	53	63	64	65	66	121	67	67
Total Liabilities & Shareholders' Equity	13,186	12,927	12,647	12,509	12,885	12,361	12,498	12,245	12,280	12,373	12,624
Total Liabilities	7,406	7,176	6,985	6,821	7,129	6,735	6,761	6,452	6,453	6,451	6,714
Total Current Liabilities	512	610	524	564	464	418	444	433	208	432	656
Short-Term Debt	0.00	138	7.89	129	-	0.00	0.00	34	-	52	219
Accounts Payable	253	227	270	201	235	197	238	195	208	189	248
Accrued Expenses	0.64	-	1.21	-	-	-	-	-	-	-	-
Dividends Payable	174	165	166	165	165	156	156	156	-	149	150
Other Current Liabilities	84	79	80	68	64	65	51	48	-	43	38
Total Noncurrent Liabilities	6,894	6,566	6,461	6,257	6,665	6,317	6,317	6,019	6,245	6,018	6,058
Long-Term Debt	6,790	6,464	6,358	6,153	6,553	6,206	6,205	5,907	5,907	5,906	5,948
Capital Lease Obligations	54	52	54	55	64	65	66	67	-	69	68
Other Noncurrent Operating Liabilities	50	50	49	49	48	46	46	44	337	43	43
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	34	31	34	34	32	32	30	31	30	27	29
Total Equity & Noncontrolling Interests	5,746	5,720	5,628	5,655	5,724	5,594	5,706	5,762	5,797	5,895	5,881
Total Preferred & Common Equity	5,570	5,537	5,434	5,482	5,548	5,423	5,532	5,585	5,619	5,716	5,703
Total Common Equity	5,570	5,537	5,434	5,482	5,548	5,423	5,532	5,585	5,619	5,716	5,703
Common Stock	6,672	6,668	6,671	6,659	6,659	6,657	6,661	6,657	6,657	6,750	6,776
Accumulated Other Comprehensive Income / (Loss)	16	25	18	39	41	34	55	51	37	46	51
Other Equity Adjustments	-1,118	-1,156	-	-	-	-1,268	-	-	-1,075	-	-1,123
Noncontrolling Interest	176	183	195	173	176	171	175	177	178	179	178

This table displays calculated financial ratios and metrics derived from Essex Property Trust's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.29%	3.89%	11.54%	-3.69%	2.44%	4.29%	2.65%	5.40%	8.34%	23.02%
EBITDA Growth	13.44%	-1.09%	10.30%	-18.36%	31.53%	0.05%	5.53%	-6.35%	17.86%	42.81%
EBIT Growth	20.63%	-3.60%	17.72%	-32.82%	49.77%	-0.16%	8.26%	-17.17%	38.41%	66.64%
NOPAT Growth	20.32%	-1.83%	12.31%	7.85%	2.15%	-6.03%	8.26%	12.39%	27.06%	64.34%
Net Income Growth	88.37%	-0.53%	-16.04%	-13.96%	29.04%	12.29%	-9.70%	4.48%	76.61%	84.65%
EPS Growth	82.59%	0.80%	-16.51%	-13.58%	-34.76%	125.76%	-10.20%	4.78%	79.66%	69.42%
Operating Cash Flow Growth	9.00%	0.45%	7.78%	12.72%	-12.62%	11.19%	7.40%	7.37%	15.95%	25.31%
Free Cash Flow Firm Growth	-116.36%	-13.61%	114.67%	87.43%	485.06%	-93.28%	295.04%	-31.64%	375.97%	98.42%
Invested Capital Growth	7.44%	-3.17%	-4.17%	0.09%	1.75%	3.68%	-1.61%	2.52%	1.39%	3.83%
Revenue Q/Q Growth	1.88%	0.39%	2.79%	0.67%	-0.88%	1.54%	0.58%	1.19%	1.43%	2.71%
EBITDA Q/Q Growth	16.57%	-7.87%	20.31%	-24.19%	27.41%	-0.42%	1.29%	4.76%	19.33%	15.24%
EBIT Q/Q Growth	32.66%	-14.58%	45.92%	-40.34%	54.25%	-0.42%	2.04%	7.57%	40.12%	30.24%
NOPAT Q/Q Growth	32.93%	-14.34%	27.09%	-1.97%	-0.98%	-6.28%	2.04%	7.57%	3.27%	9.50%
Net Income Q/Q Growth	39.89%	-22.34%	13.08%	8.98%	-5.30%	2.37%	3.71%	-17.16%	37.15%	19.76%
EPS Q/Q Growth	34.66%	-22.36%	13.59%	8.53%	-44.93%	104.92%	3.87%	-17.77%	39.02%	21.18%
Operating Cash Flow Q/Q Growth	1.39%	3.90%	-3.79%	6.56%	-7.22%	7.83%	-0.08%	1.28%	0.85%	-0.79%
Free Cash Flow Firm Q/Q Growth	-243.86%	-13.25%	88.29%	-29.74%	-42.47%	209.35%	24.80%	109.78%	-37.54%	-182.12%
Invested Capital Q/Q Growth	2.76%	-0.92%	-1.30%	1.95%	0.24%	-1.37%	-0.40%	0.69%	1.23%	-0.24%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.62%	82.05%	82.37%	81.61%	82.38%	83.47%	83.37%	83.20%	100.00%	80.33%
EBITDA Margin	72.81%	68.23%	71.66%	72.47%	85.49%	66.58%	69.40%	67.51%	75.98%	69.84%
Operating Margin	39.62%	35.00%	37.04%	36.79%	32.86%	32.95%	36.57%	34.68%	32.52%	27.73%
EBIT Margin	39.68%	34.96%	37.68%	35.70%	51.19%	35.01%	36.57%	34.68%	44.12%	34.54%
Profit (Net Income) Margin	45.72%	25.80%	26.95%	35.80%	40.07%	31.81%	29.54%	33.58%	33.88%	20.78%
Tax Burden Percent	135.05%	100.00%	104.19%	96.85%	99.75%	100.00%	100.30%	123.44%	100.00%	102.53%
Interest Burden Percent	85.33%	73.80%	68.64%	103.52%	78.48%	90.86%	80.54%	78.46%	76.79%	58.69%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	5.86%	4.97%	4.88%	4.25%	3.98%	4.00%	4.30%	3.99%	3.62%	2.92%
ROIC Less NNEP Spread (ROIC-NNEP)	7.58%	2.40%	2.23%	4.03%	5.77%	3.70%	2.50%	3.72%	3.96%	1.28%
Return on Net Nonoperating Assets (RNNOA)	8.40%	2.49%	2.26%	4.05%	5.49%	3.21%	2.13%	3.18%	3.27%	1.04%
Return on Equity (ROE)	14.26%	7.46%	7.14%	8.30%	9.47%	7.22%	6.43%	7.17%	6.89%	3.96%
Cash Return on Invested Capital (CROIC)	-1.31%	8.19%	9.13%	4.17%	2.24%	0.39%	5.92%	1.51%	2.25%	-0.83%
Operating Return on Assets (OROA)	5.57%	4.72%	4.77%	3.97%	5.97%	4.08%	4.12%	3.83%	4.71%	3.51%
Return on Assets (ROA)	6.42%	3.48%	3.41%	3.98%	4.67%	3.70%	3.32%	3.71%	3.62%	2.11%
Return on Common Equity (ROCE)	13.74%	7.19%	6.89%	8.01%	9.15%	7.00%	6.27%	7.00%	6.70%	3.82%
Return on Equity Simple (ROE_SIMPLE)	14.65%	7.94%	7.57%	8.60%	9.99%	7.47%	6.60%	7.30%	7.08%	3.98%
Net Operating Profit after Tax (NOPAT)	703	584	595	530	491	481	512	473	421	331
NOPAT Margin	39.62%	35.00%	37.04%	36.79%	32.86%	32.95%	36.57%	34.68%	32.52%	27.73%
Net Nonoperating Expense Percent (NNEP)	-1.72%	2.57%	2.64%	0.23%	-1.79%	0.30%	1.80%	0.27%	-0.33%	1.64%
Return On Investment Capital (ROIC_SIMPLE)	5.68%	4.93%	4.99%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	18.38%	17.95%	17.63%	18.39%	17.62%	16.53%	16.63%	16.80%	0.00%	19.67%
SG&A Expenses to Revenue	5.57%	3.80%	3.52%	3.60%	4.37%	3.72%	3.82%	3.03%	3.15%	3.36%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	42.00%	47.05%	45.32%	44.82%	49.52%	50.52%	46.80%	48.53%	67.48%	53.11%
Earnings before Interest and Taxes (EBIT)	704	584	605	514	766	511	512	473	571	413
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,292	1,139	1,151	1,044	1,279	972	972	921	983	834
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.28	2.83	2.22	3.48	2.28	2.73	2.15	2.05	1.93	1.95
Price to Tangible Book Value (P/TBV)	3.28	2.83	2.22	3.48	2.28	2.73	2.15	2.05	1.93	1.95
Price to Revenue (P/Rev)	10.25	9.19	7.90	14.47	9.16	11.61	9.62	9.41	9.21	10.07
Price to Earnings (P/E)	24.53	37.81	31.09	42.68	24.09	38.60	34.51	29.65	29.00	53.02
Dividend Yield	3.41%	3.86%	4.49%	2.61%	3.95%	3.04%	3.65%	3.60%	3.52%	3.16%
Earnings Yield	4.08%	2.64%	3.22%	2.34%	4.15%	2.59%	2.90%	3.37%	3.45%	1.89%
Enterprise Value to Invested Capital (EV/IC)	2.00	1.84	1.57	2.18	1.61	1.87	1.60	1.54	1.48	1.50
Enterprise Value to Revenue (EV/Rev)	14.04	12.78	11.68	18.86	13.38	15.64	13.48	13.52	13.39	14.49
Enterprise Value to EBITDA (EV/EBITDA)	19.28	18.73	16.30	26.03	15.65	23.49	19.42	20.02	17.62	20.75
Enterprise Value to EBIT (EV/EBIT)	35.38	36.55	31.00	52.84	26.14	44.68	36.86	38.98	30.34	41.95
Enterprise Value to NOPAT (EV/NOPAT)	35.43	36.51	31.53	51.27	40.73	47.47	36.86	38.98	41.17	52.25
Enterprise Value to Operating Cash Flow (EV/OCF)	23.32	21.77	19.24	30.02	24.92	24.85	22.83	23.95	24.17	27.99
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	22.16	16.84	52.35	72.27	482.46	26.78	103.36	66.40	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.16	1.11	1.02	1.02	1.02	0.91	0.87	0.88	0.88	0.83
Long-Term Debt to Equity	1.13	1.11	1.01	0.97	1.02	0.91	0.87	0.86	0.86	0.83
Financial Leverage	1.11	1.04	1.01	1.00	0.95	0.87	0.85	0.86	0.83	0.81
Leverage Ratio	2.22	2.14	2.09	2.09	2.03	1.95	1.93	1.93	1.90	1.88
Compound Leverage Factor	1.90	1.58	1.44	2.16	1.59	1.77	1.56	1.52	1.46	1.10
Debt to Total Capital	53.64%	52.71%	50.44%	50.58%	50.44%	47.75%	46.58%	46.92%	46.75%	45.45%
Short-Term Debt to Total Capital	1.11%	0.00%	0.44%	2.72%	0.00%	0.45%	0.00%	1.48%	1.05%	0.13%
Long-Term Debt to Total Capital	52.53%	52.71%	50.00%	47.87%	50.44%	47.30%	46.58%	45.44%	45.70%	45.33%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.63%
Noncontrolling Interests to Total Capital	1.73%	1.71%	1.72%	1.73%	1.71%	1.79%	1.35%	1.31%	1.22%	1.24%
Common Equity to Total Capital	44.63%	45.58%	47.84%	47.68%	47.85%	50.46%	52.07%	51.77%	52.03%	52.68%
Debt to EBITDA	5.15	5.51	5.23	6.09	4.95	6.05	5.77	6.18	5.66	6.38
Net Debt to EBITDA	5.04	5.08	5.10	5.85	4.77	5.82	5.40	5.91	5.34	6.06
Long-Term Debt to EBITDA	5.04	5.51	5.19	5.76	4.95	6.00	5.77	5.98	5.53	6.36
Debt to NOPAT	9.46	10.73	10.13	12.00	12.87	12.23	10.95	12.03	13.22	16.06
Net Debt to NOPAT	9.26	9.90	9.86	11.52	12.40	11.77	10.24	11.50	12.49	15.27
Long-Term Debt to NOPAT	9.27	10.73	10.04	11.35	12.87	12.12	10.95	11.65	12.92	16.02
Altman Z-Score	1.82	1.68	1.33	2.08	1.45	1.77	1.53	1.40	1.38	1.41
Noncontrolling Interest Sharing Ratio	3.67%	3.54%	3.49%	3.48%	3.44%	2.97%	2.49%	2.38%	2.86%	3.42%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.62	1.56	0.52	0.90	1.33	1.01	1.50	0.76	0.97	1.12
Quick Ratio	0.45	1.35	0.32	0.80	1.17	0.88	1.32	0.65	0.60	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-157	963	1,114	519	277	47	705	178	261	-95
Operating Cash Flow to CapEx	128.34%	1,325.25%	1,780.67%	3,352.07%	250.88%	534.40%	0.00%	523.66%	331.11%	120.92%
Free Cash Flow to Firm to Interest Expense	-1.02	5.78	4.98	4.97	1.14	0.22	3.20	0.80	1.18	-0.45
Operating Cash Flow to Interest Expense	6.91	5.88	4.36	8.67	3.30	4.30	3.75	3.45	3.25	2.93
Operating Cash Flow Less CapEx to Interest Expense	1.53	5.44	4.11	8.41	1.98	3.50	4.89	2.79	2.27	0.51
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.14	0.14	0.13	0.11	0.12	0.12	0.11	0.11	0.11	0.10
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.15	0.14	0.13	0.12	0.12	0.12	0.12	0.11	0.11	0.10
Accounts Payable Turnover	1.54	1.55	1.42	1.34	1.35	1.23	1.27	1.30	0.00	1.39
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	237.37	234.88	256.67	271.58	270.84	297.44	286.72	281.55	0.00	262.87
Cash Conversion Cycle (CCC)	-237.37	-234.88	-256.67	-271.58	-270.84	-297.44	-286.72	-281.55	0.00	-262.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	12,425	11,565	11,943	12,462	12,451	12,237	11,803	11,995	11,701	11,541
Invested Capital Turnover	0.15	0.14	0.13	0.12	0.12	0.12	0.12	0.12	0.11	0.11
Increase / (Decrease) in Invested Capital	861	-378	-519	11	214	434	-193	295	160	426
Enterprise Value (EV)	24,910	21,332	18,770	27,175	20,014	22,839	18,871	18,435	17,323	17,305
Market Capitalization	18,187	15,346	12,693	20,850	13,705	16,958	13,464	12,838	11,924	12,029
Book Value per Share	$86.16	$84.49	$88.28	$92.08	$92.02	$94.13	$94.86	$95.06	$94.51	$93.34
Tangible Book Value per Share	$86.16	$84.49	$88.28	$92.08	$92.02	$94.13	$94.86	$95.06	$94.51	$93.34
Total Capital	12,405	11,897	11,949	12,569	12,541	12,327	12,035	12,125	11,900	11,701
Total Debt	6,654	6,271	6,027	6,358	6,326	5,886	5,606	5,689	5,563	5,319
Total Long-Term Debt	6,516	6,271	5,975	6,017	6,326	5,831	5,606	5,510	5,438	5,304
Net Debt	6,508	5,783	5,871	6,108	6,094	5,660	5,245	5,438	5,254	5,058
Capital Expenditures (CapEx)	832	74	55	27	320	172	-251	147	216	511
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-168	-164	-197	17	-114	-167	-204	-197	-195	-212
Debt-free Net Working Capital (DFNWC)	-92	236	-154	268	118	58	157	54	115	49
Net Working Capital (NWC)	-230	236	-206	-73	118	3.27	157	-125	-10	34
Net Nonoperating Expense (NNE)	-108	154	162	14	-108	17	98	15	-18	83
Net Nonoperating Obligations (NNO)	6,674	5,938	6,021	6,251	6,236	5,796	5,374	5,559	5,364	5,158
Total Depreciation and Amortization (D&A)	588	555	546	530	513	461	460	448	412	422
Debt-free, Cash-free Net Working Capital to Revenue	-9.48%	-9.85%	-12.23%	1.20%	-7.59%	-11.44%	-14.54%	-14.47%	-15.06%	-17.72%
Debt-free Net Working Capital to Revenue	-5.21%	14.13%	-9.57%	18.59%	7.90%	3.99%	11.24%	3.94%	8.86%	4.10%
Net Working Capital to Revenue	-12.98%	14.13%	-12.81%	-5.10%	7.90%	0.22%	11.24%	-9.18%	-0.80%	2.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$11.55	$6.32	$6.27	$7.51	$8.69	$6.67	$5.91	$6.58	$6.28	$3.50
Adjusted Weighted Average Basic Shares Outstanding	64.23M	64.25M	65.08M	65.05M	65.45M	65.84M	66.04M	65.83M	65.47M	64.87M
Adjusted Diluted Earnings per Share	$11.54	$6.32	$6.27	$7.51	$8.69	$6.66	$5.90	$6.57	$6.27	$3.49
Adjusted Weighted Average Diluted Shares Outstanding	64.25M	64.25M	65.10M	65.09M	65.56M	65.94M	66.09M	65.90M	65.59M	65.06M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	64.33M	64.20M	64.52M	65.28M	64.99M	66.17M	65.69M	66.04M	65.55M	65.41M
Normalized Net Operating Profit after Tax (NOPAT)	369	368	352	271	346	342	315	314	296	236
Normalized NOPAT Margin	20.81%	22.04%	21.91%	18.82%	23.16%	23.41%	22.52%	23.00%	22.86%	19.77%
Pre Tax Income Margin	33.86%	25.80%	25.86%	36.96%	40.17%	31.81%	29.45%	27.21%	33.88%	20.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.55	3.50	2.70	4.93	3.14	2.39	2.32	2.12	2.59	1.96
NOPAT to Interest Expense	4.55	3.51	2.66	5.08	2.02	2.25	2.32	2.12	1.91	1.57
EBIT Less CapEx to Interest Expense	-0.83	3.06	2.46	4.67	1.83	1.59	3.46	1.46	1.61	-0.47
NOPAT Less CapEx to Interest Expense	-0.84	3.06	2.41	4.82	0.70	1.45	3.46	1.46	0.93	-0.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	87.29%	143.76%	140.45%	112.61%	95.14%	123.22%	124.41%	110.42%	100.13%	157.48%
Augmented Payout Ratio	88.53%	166.38%	184.99%	116.87%	142.52%	137.86%	137.86%	112.52%	102.18%	160.72%

This table displays calculated financial ratios and metrics derived from Essex Property Trust's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.82%	7.76%	7.52%	6.32%	3.52%	1.58%	2.30%	4.02%	7.99%	11.73%	12.92%
EBITDA Growth	48.97%	67.84%	2.54%	5.16%	-15.81%	-26.43%	2.52%	0.01%	31.52%	111.90%	-5.45%
EBIT Growth	94.43%	132.44%	-1.64%	3.88%	-29.73%	-43.22%	3.57%	-1.77%	67.21%	476.74%	-13.66%
NOPAT Growth	94.23%	133.61%	-2.27%	1.94%	-29.37%	-42.87%	2.47%	4.82%	70.58%	125.30%	-6.79%
Net Income Growth	-25.38%	328.85%	34.92%	-6.40%	76.45%	-63.78%	-5.77%	71.43%	106.18%	34.76%	-21.04%
EPS Growth	-25.65%	288.35%	35.29%	-6.45%	78.57%	-63.86%	-4.90%	78.16%	112.50%	35.71%	-21.43%
Operating Cash Flow Growth	-10.59%	7.19%	9.77%	3.56%	13.70%	22.02%	-3.72%	8.75%	-12.13%	-18.73%	10.07%
Free Cash Flow Firm Growth	69.67%	-209.32%	-151.98%	-128.57%	-171.63%	-31.93%	121.87%	20.13%	750.86%	726.91%	-25.01%
Invested Capital Growth	5.65%	7.44%	3.59%	2.17%	14.49%	-3.17%	-3.53%	-2.32%	-14.28%	-4.17%	-1.01%
Revenue Q/Q Growth	2.23%	0.84%	1.89%	3.61%	1.23%	0.61%	0.75%	0.88%	-0.67%	1.33%	2.44%
EBITDA Q/Q Growth	-10.06%	63.79%	-2.89%	4.13%	1.33%	0.07%	-0.41%	-16.63%	-11.45%	39.45%	-2.84%
EBIT Q/Q Growth	-15.44%	135.41%	-6.53%	4.49%	1.09%	-0.38%	-1.29%	-29.31%	-18.32%	81.72%	-6.38%
NOPAT Q/Q Growth	-15.57%	136.43%	-6.30%	3.85%	1.55%	-1.10%	-2.26%	-28.05%	-17.87%	77.39%	-0.02%
Net Income Q/Q Growth	-29.47%	140.42%	26.77%	-65.29%	305.32%	-24.36%	-12.05%	-34.55%	-16.80%	96.78%	59.99%
EPS Q/Q Growth	-21.00%	117.39%	26.90%	-65.88%	312.62%	-24.26%	-12.26%	-34.87%	-16.49%	99.30%	64.37%
Operating Cash Flow Q/Q Growth	28.94%	-30.95%	44.43%	-30.47%	54.59%	-29.30%	36.26%	-23.66%	65.91%	-44.21%	53.90%
Free Cash Flow Firm Q/Q Growth	24.83%	-91.29%	-145.36%	91.40%	-370.96%	-9.05%	34.86%	-78.45%	157.47%	196.45%	-26.98%
Invested Capital Q/Q Growth	1.52%	2.76%	0.41%	0.87%	3.24%	-0.92%	-0.97%	13.02%	-12.68%	-1.30%	0.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.48%	81.70%	81.07%	82.20%	81.51%	82.23%	81.63%	82.25%	82.09%	82.83%	82.07%
EBITDA Margin	87.98%	100.00%	61.56%	64.59%	64.27%	64.20%	64.55%	65.31%	79.02%	88.65%	64.42%
Operating Margin	55.34%	67.00%	28.58%	31.07%	31.00%	30.90%	31.44%	32.41%	45.44%	54.95%	31.39%
EBIT Margin	55.37%	66.94%	28.67%	31.25%	30.99%	31.03%	31.34%	31.99%	45.65%	55.52%	30.96%
Profit (Net Income) Margin	45.80%	66.38%	27.84%	22.38%	66.79%	16.68%	22.19%	25.42%	39.18%	46.78%	24.09%
Tax Burden Percent	99.80%	115.57%	133.63%	100.00%	194.22%	100.00%	100.00%	100.00%	100.00%	100.00%	121.43%
Interest Burden Percent	82.88%	85.81%	72.66%	71.60%	110.96%	53.75%	70.79%	79.46%	85.82%	84.25%	64.07%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	8.17%	9.91%	4.19%	4.46%	4.67%	4.39%	4.40%	4.49%	6.59%	7.24%	4.03%
ROIC Less NNEP Spread (ROIC-NNEP)	7.49%	9.87%	4.14%	3.84%	7.50%	3.39%	3.76%	4.01%	6.10%	6.68%	3.55%
Return on Net Nonoperating Assets (RNNOA)	8.45%	10.94%	4.49%	4.13%	6.98%	3.51%	3.91%	4.07%	5.38%	6.76%	3.60%
Return on Equity (ROE)	16.62%	20.85%	8.67%	8.59%	11.65%	7.90%	8.31%	8.57%	11.96%	13.99%	7.63%
Cash Return on Invested Capital (CROIC)	1.24%	-1.31%	0.92%	2.32%	-8.77%	8.19%	9.34%	8.04%	21.33%	9.13%	4.87%
Operating Return on Assets (OROA)	7.70%	9.39%	3.97%	4.32%	4.15%	4.19%	4.15%	4.27%	5.97%	7.03%	3.81%
Return on Assets (ROA)	6.37%	9.32%	3.86%	3.09%	8.94%	2.25%	2.94%	3.39%	5.12%	5.93%	2.96%
Return on Common Equity (ROCE)	16.01%	20.08%	8.35%	8.28%	11.23%	7.62%	8.02%	8.26%	11.54%	13.51%	7.36%
Return on Equity Simple (ROE_SIMPLE)	13.27%	0.00%	10.67%	9.99%	9.99%	0.00%	10.03%	10.03%	9.19%	0.00%	6.71%
Net Operating Profit after Tax (NOPAT)	257	304	129	137	132	130	132	135	187	228	129
NOPAT Margin	55.34%	67.00%	28.58%	31.07%	31.00%	30.90%	31.44%	32.41%	45.44%	54.95%	31.39%
Net Nonoperating Expense Percent (NNEP)	0.68%	0.04%	0.05%	0.62%	-2.83%	1.00%	0.64%	0.48%	0.49%	0.55%	0.49%
Return On Investment Capital (ROIC_SIMPLE)	2.04%	2.46%	-	-	-	1.10%	-	-	-	1.91%	-
Cost of Revenue to Revenue	18.52%	18.30%	18.93%	17.80%	18.49%	17.77%	18.37%	17.75%	17.91%	17.17%	17.93%
SG&A Expenses to Revenue	3.51%	6.94%	6.45%	4.78%	4.02%	4.68%	3.49%	3.32%	3.71%	3.86%	3.70%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.15%	14.70%	52.50%	51.13%	50.51%	51.33%	50.19%	49.84%	36.65%	27.88%	50.69%
Earnings before Interest and Taxes (EBIT)	257	304	129	138	132	131	131	133	188	231	127
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	409	454	277	286	274	271	271	272	326	368	264
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.54	3.28	3.49	3.19	2.81	2.83	2.37	2.59	2.29	2.22	2.58
Price to Tangible Book Value (P/TBV)	3.54	3.28	3.49	3.19	2.81	2.83	2.37	2.59	2.29	2.22	2.58
Price to Revenue (P/Rev)	10.88	10.25	10.89	10.22	9.25	9.19	7.89	8.74	7.84	7.90	9.40
Price to Earnings (P/E)	29.35	24.53	34.53	33.72	29.66	37.81	24.96	27.21	26.28	31.09	40.80
Dividend Yield	3.24%	3.41%	3.27%	3.50%	3.87%	3.86%	4.47%	4.01%	4.48%	4.49%	3.85%
Earnings Yield	3.41%	4.08%	2.90%	2.97%	3.37%	2.64%	4.01%	3.67%	3.81%	3.22%	2.45%
Enterprise Value to Invested Capital (EV/IC)	2.11	2.00	2.11	1.98	1.83	1.84	1.64	1.74	1.69	1.57	1.73
Enterprise Value to Revenue (EV/Rev)	14.67	14.04	14.62	13.96	12.95	12.78	11.49	12.40	10.78	11.68	13.39
Enterprise Value to EBITDA (EV/EBITDA)	18.64	19.28	22.97	21.67	20.04	18.73	15.45	16.67	14.35	16.30	21.87
Enterprise Value to EBIT (EV/EBIT)	32.08	35.38	47.98	44.81	41.31	36.55	27.96	30.20	25.91	31.00	50.46
Enterprise Value to NOPAT (EV/NOPAT)	32.12	35.43	48.14	44.88	41.18	36.51	28.01	30.19	26.23	31.53	44.70
Enterprise Value to Operating Cash Flow (EV/OCF)	25.69	23.32	24.17	23.28	21.41	21.77	20.25	21.48	18.83	19.24	20.64
Enterprise Value to Free Cash Flow (EV/FCFF)	174.09	0.00	232.64	86.50	0.00	22.16	17.22	21.38	7.33	16.84	35.38
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.18	1.16	1.13	1.11	1.15	1.11	1.09	1.04	1.01	1.02	1.05
Long-Term Debt to Equity	1.18	1.13	1.13	1.09	1.15	1.11	1.09	1.03	1.01	1.01	1.02
Financial Leverage	1.13	1.11	1.08	1.08	0.93	1.04	1.04	1.02	0.88	1.01	1.01
Leverage Ratio	2.26	2.22	2.21	2.16	2.17	2.14	2.16	2.10	2.09	2.09	2.10
Compound Leverage Factor	1.87	1.91	1.60	1.54	2.41	1.15	1.53	1.67	1.79	1.76	1.35
Debt to Total Capital	54.22%	53.64%	53.13%	52.70%	53.48%	52.71%	52.23%	50.91%	50.34%	50.44%	51.34%
Short-Term Debt to Total Capital	0.00%	1.11%	0.07%	1.08%	0.00%	0.00%	0.00%	0.29%	0.00%	0.44%	1.81%
Long-Term Debt to Total Capital	54.22%	52.53%	53.07%	51.62%	53.48%	52.71%	52.23%	50.62%	50.34%	50.00%	49.53%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.66%	1.73%	1.89%	1.72%	1.68%	1.71%	1.71%	1.76%	1.78%	1.72%	1.70%
Common Equity to Total Capital	44.12%	44.63%	44.98%	45.58%	44.84%	45.58%	46.07%	47.32%	47.88%	47.84%	46.96%
Debt to EBITDA	4.80	5.15	5.79	5.75	6.08	5.51	5.07	4.89	4.80	5.23	6.51
Net Debt to EBITDA	4.67	5.04	5.65	5.62	5.53	5.08	4.68	4.75	3.74	5.10	6.31
Long-Term Debt to EBITDA	4.80	5.04	5.78	5.64	6.08	5.51	5.07	4.86	4.80	5.19	6.29
Debt to NOPAT	8.27	9.46	12.14	11.91	12.50	10.73	9.19	8.85	8.78	10.13	13.31
Net Debt to NOPAT	8.05	9.26	11.84	11.63	11.37	9.90	8.47	8.60	6.84	9.86	12.90
Long-Term Debt to NOPAT	8.27	9.27	12.12	11.67	12.50	10.73	9.19	8.80	8.78	10.04	12.84
Altman Z-Score	1.78	1.71	1.65	1.56	1.38	1.56	1.22	1.37	1.37	1.23	1.45
Noncontrolling Interest Sharing Ratio	3.62%	3.67%	3.80%	3.61%	3.59%	3.54%	3.54%	3.55%	3.58%	3.49%	3.50%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.66	0.62	0.68	0.68	1.67	1.56	1.44	0.70	0.65	0.52	0.71
Quick Ratio	0.45	0.45	0.52	0.51	1.47	1.35	1.25	0.49	0.33	0.32	0.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-418	-556	-291	-118	-1,378	509	559	415	1,924	747	252
Operating Cash Flow to CapEx	110.40%	553.34%	131.74%	128.85%	82.20%	416.72%	719.96%	333.60%	0.00%	0.00%	393.89%
Free Cash Flow to Firm to Interest Expense	-7.15	-9.49	-6.08	-2.39	0.00	13.42	11.24	10.26	49.85	18.79	4.31
Operating Cash Flow to Interest Expense	4.82	3.73	6.62	4.42	0.00	5.37	5.79	5.23	7.18	4.20	5.12
Operating Cash Flow Less CapEx to Interest Expense	0.45	3.05	1.59	0.99	0.00	4.08	4.99	3.66	9.20	6.63	3.82
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.14	0.14	0.14	0.14	0.13	0.14	0.13	0.13	0.13	0.13	0.12
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.15	0.15	0.15	0.14	0.15	0.14	0.14	0.14	0.14	0.13	0.13
Accounts Payable Turnover	1.36	1.54	1.25	1.56	1.38	1.55	1.22	1.47	1.24	1.42	1.11
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	267.85	237.37	291.33	233.34	265.24	234.88	299.60	248.09	294.58	256.67	327.82
Cash Conversion Cycle (CCC)	-267.85	-237.37	-291.33	-233.34	-265.24	-234.88	-299.60	-248.09	-294.58	-256.67	-327.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	12,614	12,425	12,092	12,043	11,939	11,565	11,672	11,787	10,428	11,943	12,100
Invested Capital Turnover	0.15	0.15	0.15	0.14	0.15	0.14	0.14	0.14	0.14	0.13	0.13
Increase / (Decrease) in Invested Capital	675	861	419	256	1,511	-378	-428	-280	-1,737	-519	-123
Enterprise Value (EV)	26,591	24,910	25,464	23,873	21,798	21,332	19,104	20,500	17,650	18,770	20,936
Market Capitalization	19,720	18,187	18,971	17,478	15,572	15,346	13,120	14,454	12,840	12,693	14,689
Book Value per Share	$86.59	$86.16	$84.62	$85.37	$86.41	$84.49	$86.19	$87.02	$87.09	$88.28	$87.58
Tangible Book Value per Share	$86.59	$86.16	$84.62	$85.37	$86.41	$84.49	$86.19	$87.02	$87.09	$88.28	$87.58
Total Capital	12,624	12,405	12,082	12,026	12,373	11,897	12,007	11,802	11,734	11,949	12,145
Total Debt	6,844	6,654	6,419	6,337	6,617	6,271	6,271	6,009	5,907	6,027	6,235
Total Long-Term Debt	6,844	6,516	6,412	6,208	6,617	6,271	6,271	5,974	5,907	5,975	6,016
Net Debt	6,661	6,508	6,264	6,189	6,018	5,783	5,780	5,838	4,601	5,871	6,040
Capital Expenditures (CapEx)	255	39	240	170	383	49	40	63	-78	-97	76
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-284	-168	-238	-115	-198	-164	-204	-165	-140	-197	-166
Debt-free Net Working Capital (DFNWC)	-176	-92	-157	-51	310	236	196	-96	-72	-154	29
Net Working Capital (NWC)	-176	-230	-165	-180	310	236	196	-130	-72	-206	-191
Net Nonoperating Expense (NNE)	44	2.80	3.30	38	-153	60	39	29	26	34	30
Net Nonoperating Obligations (NNO)	6,834	6,674	6,430	6,354	6,183	5,938	5,936	5,993	4,601	6,021	6,189
Total Depreciation and Amortization (D&A)	152	150	148	147	142	140	139	139	138	138	137
Debt-free, Cash-free Net Working Capital to Revenue	-15.67%	-9.48%	-13.64%	-6.73%	-11.73%	-9.85%	-12.27%	-9.98%	-8.52%	-12.23%	-10.65%
Debt-free Net Working Capital to Revenue	-9.71%	-5.21%	-9.03%	-2.98%	18.43%	14.13%	11.81%	-5.80%	-4.39%	-9.57%	1.85%
Net Working Capital to Revenue	-9.71%	-12.98%	-9.49%	-10.54%	18.43%	14.13%	11.81%	-7.89%	-4.39%	-12.81%	-12.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.16	$4.01	$1.84	$1.45	$4.25	$1.03	$1.36	$1.55	$2.38	$2.85	$1.43
Adjusted Weighted Average Basic Shares Outstanding	64.31M	64.23M	64.23M	64.21M	64.21M	64.25M	64.18M	64.18M	64.46M	65.08M	65.06M
Adjusted Diluted Earnings per Share	$3.16	$4.00	$1.84	$1.45	$4.25	$1.03	$1.36	$1.55	$2.38	$2.85	$1.43
Adjusted Weighted Average Diluted Shares Outstanding	64.35M	64.25M	64.27M	64.23M	64.21M	64.25M	64.19M	64.18M	64.46M	65.10M	65.07M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	64.39M	64.33M	64.27M	64.22M	64.21M	64.20M	64.18M	64.18M	64.18M	64.52M	64.75M
Normalized Net Operating Profit after Tax (NOPAT)	102	90	90	96	93	91	92	94	90	95	90
Normalized NOPAT Margin	22.01%	19.86%	20.00%	21.75%	21.71%	21.67%	22.01%	22.69%	21.81%	22.86%	22.01%
Pre Tax Income Margin	45.89%	57.44%	20.84%	22.38%	34.39%	16.68%	22.19%	25.42%	39.18%	46.78%	19.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.40	5.19	2.70	2.79	0.00	3.45	2.64	3.29	4.88	5.80	2.17
NOPAT to Interest Expense	4.40	5.20	2.70	2.77	0.00	3.44	2.65	3.34	4.86	5.74	2.20
EBIT Less CapEx to Interest Expense	0.04	4.52	-2.32	-0.64	0.00	2.16	1.84	1.73	6.91	8.23	0.87
NOPAT Less CapEx to Interest Expense	0.04	4.52	-2.33	-0.65	0.00	2.15	1.84	1.77	6.88	8.17	0.90
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	98.21%	87.29%	111.36%	115.99%	112.91%	143.76%	110.71%	110.19%	119.02%	140.45%	156.83%
Augmented Payout Ratio	99.62%	88.53%	112.93%	116.79%	113.68%	166.38%	134.44%	150.85%	174.94%	184.99%	198.27%

Frequently Asked Questions About Essex Property Trust's Financials

When does Essex Property Trust's financial year end?

According to the most recent income statement we have on file, Essex Property Trust's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Essex Property Trust's net income changed over the last 9 years?

Essex Property Trust's net income appears to be on an upward trend, with a most recent value of $811.31 million in 2024, rising from $248.24 million in 2015. The previous period was $430.71 million in 2023. See Essex Property Trust's forecast for analyst expectations on what’s next for the company.

What is Essex Property Trust's operating income?

Essex Property Trust's total operating income in 2024 was $703.10 million, based on the following breakdown:

Total Gross Profit: $1.45 billion
Total Operating Expenses: $745.24 million

How has Essex Property Trust revenue changed over the last 9 years?

Over the last 9 years, Essex Property Trust's total revenue changed from $1.19 billion in 2015 to $1.77 billion in 2024, a change of 48.6%.

How much debt does Essex Property Trust have?

Essex Property Trust's total liabilities were at $7.18 billion at the end of 2024, a 6.5% increase from 2023, and a 27.6% increase since 2015.

How much cash does Essex Property Trust have?

In the past 9 years, Essex Property Trust's cash and equivalents has ranged from $29.68 million in 2015 to $391.75 million in 2023, and is currently $66.80 million as of their latest financial filing in 2024.

How has Essex Property Trust's book value per share changed over the last 9 years?

Over the last 9 years, Essex Property Trust's book value per share changed from 93.34 in 2015 to 86.16 in 2024, a change of -7.7%.

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This page (NYSE:ESS) was last updated on 5/27/2025 by MarketBeat.com Staff

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Essex Property Trust (ESS) Financials

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Essex Property Trust (ESS) Financials

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