For the year ending 2025-12-31, ESS made $1,887,345K in revenue. $669,666K in net income. Net profit margin of 35.48%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total revenues | 1,887,345 | 1,774,450 | 1,669,395 | 1,606,814 |
| Property operating, excluding real estate taxes | 353,355 | 326,113 | 299,672 | 283,351 |
| Real estate taxes | 205,631 | 193,413 | 185,807 | 183,918 |
| Corporate-level property management expenses | 49,052 | 48,218 | 45,872 | 40,704 |
| Depreciation and amortization | 607,542 | 580,220 | 548,438 | 539,319 |
| General and administrative | 71,948 | 98,902 | 63,474 | 56,577 |
| Expensed acquisition and investment related costs | 25 | 72 | 595 | 2,132 |
| Impairment loss | - | - | - | 0 |
| Casualty loss | 0 | 0 | 433 | - |
| Total expenses | 1,287,553 | 1,246,938 | 1,144,291 | 1,106,001 |
| Gain on sale of real estate and land | 299,524 | 175,583 | 59,238 | 94,416 |
| Earnings from operations | 899,316 | 703,095 | 584,342 | 595,229 |
| Interest expense | 258,404 | 235,529 | 212,905 | 204,798 |
| Total return swap income | 4,729 | 3,099 | 3,148 | 7,907 |
| Interest and other income | 20,004 | 80,951 | 46,259 | -19,040 |
| Equity income from co-investments | 35,464 | 48,206 | 10,561 | 26,030 |
| Tax benefit (expense) on unconsolidated co-investments | -2,096 | -929 | 697 | -10,236 |
| Loss on early retirement of debt | -762 | 0 | 0 | -2 |
| Gain on remeasurement of co-investment | 330 | 210,555 | - | - |
| Net income | 702,773 | 811,306 | 430,708 | 432,985 |
| Net income attributable to noncontrolling interest | 33,107 | 69,784 | 24,883 | 24,670 |
| Net income available to common stockholders | 669,666 | 741,522 | 405,825 | 408,315 |
| Net income available to common stockholders (in dollars per share) | 10.4 | 11.55 | 6.32 | 6.27 |
| Net income available to common stockholders (in dollars per share) | 10.4 | 11.54 | 6.32 | 6.27 |
| Weighted average number of shares outstanding during the year (in shares) | 64,379,418 | 64,228,356 | 64,252,232 | 65,079,764 |
| Weighted average number of shares outstanding during the year (in shares) | 64,399,459 | 64,251,234 | 64,253,385 | 65,098,186 |
ESSEX PROPERTY TRUST, INC. (ESS)
ESSEX PROPERTY TRUST, INC. (ESS)