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.
| All figures in thousands of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | — | — | — |
| Rental and other property | 1,764,185a | 1,658,264a | 1,595,675a |
| Management and other fees from affiliates | 10,265a | 11,131a | 11,139a |
| Expenses | — | — | — |
| Property operating, excluding real estate taxes | -326,113a | -299,672a | -283,351a |
| Real estate taxes | -193,413a | -185,807a | -183,918a |
| Corporate-level property management expenses | -48,218a | -45,872a | -40,704a |
| Depreciation and amortization | -580,220a | -548,438a | -539,319a |
| General and administrative | -98,902a | -63,474a | -56,577a |
| Expensed acquisition and investment related costs | -72a | -595a | -2,132a |
| Casualty loss | 0a | -433a | 0a |
| Gain on sale of real estate and land | 175,583a | 59,238a | 94,416a |
| Earnings from operations | 703,095a | 584,342a | 595,229a |
| Interest expense | -235,529a | -212,905a | -204,798a |
| Total return swap income | 3,099a | 3,148a | 7,907a |
| Interest and other income (loss) | 80,951a | 46,259a | -19,040a |
| Equity income from co-investments | 48,206a | 10,561a | 26,030a |
| Tax benefit (expense) on unconsolidated co-investments | 929a | -697a | 10,236a |
| Loss on early retirement of debt, net | 0a | 0a | -2a |
| Gain on remeasurement of co-investments | 210,555a | 0a | 17,423a |
| Net income | 811,306a | 430,708a | 432,985a |
| Net income attributable to noncontrolling interest | -69,784a | -24,883a | -24,670a |
| Net income available to common stockholders | 741,522a | 405,825a | 408,315a |
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