For the quarter ending 2026-03-31, ESS had -$38,176K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 112,208 | 85,745 | 172,724 | 231,526 |
| Straight-lined rents | -175 | 4,204 | -2,757 | 197 |
| Depreciation and amortization | 154,895 | 153,265 | 151,489 | 151,501 |
| Amortization of discount and debt financing costs, net | 2,657 | 2,553 | 2,329 | 2,060 |
| Realized and unrealized gains on marketable securities, net | -1,726 | -250 | 1,658 | 2,492 |
| Provision for credit losses | 34 | -35 | 50 | 14 |
| Companys share of gain on the sales of co-investment | - | 0 | 5,189 | - |
| Equity income from co-investments | 23,615 | -4,520 | 12,609 | 8,977 |
| Operating distributions from co-investments | 4,971 | 28,885 | 34,767 | 15,649 |
| Accrued interest from notes and other receivables | 1,260 | 1,252 | 2,711 | 2,645 |
| Casualty loss | - | 0 | - | - |
| Gain on the sale of real estate and land | 0 | 0 | 62,320 | 126,174 |
| Equity-based compensation | 2,646 | 2,976 | 2,462 | 2,244 |
| Loss on early retirement of debt | 0 | 0 | 0 | 0 |
| Gain on remeasurement of co-investment | 0 | 0 | 0 | 0 |
| Prepaid expenses, receivables, operating lease right-of-use assets and other assets | -574 | 5,173 | -1,163 | 988 |
| Accounts payable, accrued liabilities and operating lease liabilities | 32,536 | -33,378 | 59,952 | -44,742 |
| Other liabilities | -378 | 50 | -617 | -650 |
| Net cash provided by operating activities | 287,169 | 234,202 | 342,589 | 216,129 |
| Acquisitions of real estate and acquisition related capital expenditures, net of cash acquired | 2,060 | 144,980 | 101,549 | 239,921 |
| Redevelopment | 8,856 | 24,393 | 26,917 | 18,263 |
| Development acquisitions of and additions to real estate under development | 14,144 | 17,754 | 27,705 | 8,563 |
| Capital expenditures on rental properties | 19,788 | 39,538 | 36,360 | 36,536 |
| Investments in notes receivable | 59,500 | 88,163 | 81,200 | 281 |
| Collections of notes and other receivables | 0 | 81,705 | 0 | 0 |
| Proceeds from insurance for property losses | 938 | 941 | 724 | 1,009 |
| Proceeds from dispositions of real estate | 0 | 0 | 145,791 | 238,158 |
| Contributions to co-investments | 1,329 | 2,728 | 22,297 | 4,793 |
| Changes in refundable deposits | 0 | 0 | 0 | 10,000 |
| Purchases of marketable securities | 10,319 | 15,027 | 420 | 3,762 |
| Sales and maturities of marketable securities | -9,905 | -856 | -220 | -175 |
| Non-operating distributions from co-investments | 0 | 70,387 | 96,014 | 10,000 |
| Net cash used in investing activities | -105,153 | -178,694 | -53,699 | -52,777 |
| Proceeds from unsecured debt and mortgage notes | 0 | 396,826 | 203,000 | 150,000 |
| Payments on unsecured debt and mortgage notes | 270 | 11,263 | 181,846 | 545,140 |
| Proceeds from lines of credit and commercial paper | 217,737 | 2,897,807 | 2,591,964 | 2,445,777 |
| Repayments of lines of credit and commercial paper | 213,077 | 3,142,807 | 2,711,964 | 2,218,722 |
| Retirement of common stock | 50,213 | 0 | - | - |
| Additions to deferred charges | 455 | 4,234 | 3,767 | 2,338 |
| Payments related to debt prepayment penalties | 0 | 0 | 0 | 0 |
| Net costs from issuance of common stock | - | -111 | -179 | -101 |
| Net proceeds from stock options exercised | 586 | 0 | 0 | 2,902 |
| Payments related to tax withholding for share-based compensation | 805 | 7,554 | 41 | 0 |
| Distributions to noncontrolling interest | 8,079 | 8,275 | 8,189 | 8,215 |
| Redemption of noncontrolling interest | 0 | 0 | 4,919 | 0 |
| Redemptions of redeemable noncontrolling interest | - | 0 | 0 | - |
| Common stock dividends paid | 165,616 | 165,554 | 165,590 | 165,438 |
| Net cash (used in) provided by financing activities | -220,192 | -45,165 | -281,531 | -203,330 |
| Net (decrease) increase in unrestricted and restricted cash and cash equivalents | -38,176 | 10,343 | 7,359 | -39,978 |
| Unrestricted and restricted cash and cash equivalents at beginning of period | 85,586 | 75,243 | 67,884 | 107,862 |
| Unrestricted and restricted cash and cash equivalents at end of period | 47,410 | 85,586 | 75,243 | 67,884 |
ESSEX PROPERTY TRUST, INC. (ESS)
ESSEX PROPERTY TRUST, INC. (ESS)