Essex Property Trust Inc

Common Name

Essex Property Trust

Country

United States

Sector

Real Estate

Industry

REIT - Residential

Employees

1,712

Ticker

ESS

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.essexapartmenthomes.com

Description

Essex Property Trust, Inc. is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation, and development of multifamily residential properties predominantly locate... Show more

Financial Statements of Essex Property Trust

Below are the financial statements of Essex Property Trust, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in thousands of USD	2024	2023
Rental properties	—	—
Land and land improvements	3,246,789^a	3,036,912^a
Buildings and improvements	14,342,729^a	13,098,311^a
Less: accumulated depreciation	-6,150,618^a	-5,664,931^a
Real estate investments	—	—
Real estate under development	52,682^a	23,724^a
Co-investments	935,014^a	1,061,733^a
Assets	—	—
Cash and cash equivalents-unrestricted	66,795^a	391,749^a
Cash and cash equivalents-restricted	9,051^a	8,585^a
Marketable securities	69,794^a	87,795^a
Notes and other receivables, net of allowance for credit losses of $0.5 million and $0.7 million	206,706^a	174,621^a
Operating lease right-of-use assets	51,556^a	63,757^a
Prepaid expenses and other assets	96,861^a	79,171^a
Total assets	12,927,359^a	12,361,427^a
Liabilities and equity	—	—
Unsecured debt, net	5,473,788^a	5,318,531^a
Mortgage notes payable, net	989,884^a	887,204^a
Lines of credit	137,945^a	0^a
Accounts payable and accrued liabilities	212,747^a	176,401^a
Construction payable	14,347^a	20,659^a
Dividends payable	165,443^a	155,695^a
Distributions in excess of investments in co-investments	79,273^a	65,488^a
Operating lease liabilities	52,473^a	65,091^a
Other liabilities	50,220^a	46,175^a
Total liabilities	7,176,120^a	6,735,244^a
Redeemable noncontrolling interest	30,849^a	32,205^a
Equity	—	—
Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,280,466 and 64,203,497 shares issued and outstanding, respectively	6^a	6^a
Additional paid-in capital	6,668,047^a	6,656,720^a
Distributions in excess of accumulated earnings	-1,155,662^a	-1,267,536^a
Accumulated other comprehensive income, net	24,655^a	33,556^a
Total stockholders’ equity	5,537,046^a	5,422,746^a
Noncontrolling interest	183,344^a	171,232^a
Total equity	5,720,390^a	5,593,978^a
Total liabilities and equity	12,927,359^a	12,361,427^a
Land and land improvements	3,246,789^a	3,036,912^a
Buildings and improvements	14,342,729^a	13,098,311^a
Less: accumulated depreciation	-6,150,618^a	-5,664,931^a
Real estate under development	52,682^a	23,724^a
Co-investments	935,014^a	1,061,733^a
Cash and cash equivalents-unrestricted	66,795^a	391,749^a
Cash and cash equivalents-restricted	9,051^a	8,585^a
Marketable securities	69,794^a	87,795^a
Notes and other receivables, net of allowance for credit losses of $0.5 million and $0.7 million	206,706^a	174,621^a
Operating lease right-of-use assets	51,556^a	63,757^a
Prepaid expenses and other assets	96,861^a	79,171^a
Total assets	12,927,359^a	12,361,427^a
Liabilities and capital	—	—
Unsecured debt, net	5,473,788^a	5,318,531^a
Mortgage notes payable, net	989,884^a	887,204^a
Lines of credit	137,945^a	0^a
Accounts payable and accrued liabilities	212,747^a	176,401^a
Construction payable	14,347^a	20,659^a
Distributions payable	165,443^a	155,695^a
Distributions in excess of investments in co-investments	79,273^a	65,488^a
Operating lease liabilities	52,473^a	65,091^a
Other liabilities	50,220^a	46,175^a
Total liabilities	7,176,120^a	6,735,244^a
Redeemable noncontrolling interest	30,849^a	32,205^a
Common equity (64,280,466 and 64,203,497 units issued and outstanding, respectively)	5,512,391^a	5,389,190^a
Limited partners	—	—
Common equity (2,331,251 and 2,258,812 units issued and outstanding, respectively)	73,418^a	44,991^a
Accumulated other comprehensive income	29,429^a	38,646^a
Capital	—	—
Total partners’ capital	5,615,238^a	5,472,827^a
Noncontrolling interest	105,152^a	121,151^a
Total capital	5,720,390^a	5,593,978^a
Total liabilities and capital	12,927,359^a	12,361,427^a

Verified Sources Behind Essex Property Trust’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Essex Property Trust’s data sources below and access millions more through our Disclosure Search.

a. Essex Property Trust's Annual Report 2024

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Financial Statements of Essex Property Trust

Verified Sources Behind Essex Property Trust’s Financial Fundamentals Data

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