ESSEX PROPERTY TRUST, INC. (ESS)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Revenues | 469,833 | 464,583 | 450,698 | 442,355 |
| Gain on sale of real estate and land | 126,174 | 111,030 | - | - |
| Casualty loss | - | - | - | - |
| Real estate taxes | 49,035 | 52,594 | 48,956 | 47,312 |
| General and administrative | 17,157 | 16,292 | 29,067 | 21,136 |
| Depreciation and amortization | 151,501 | 151,287 | 146,439 | 145,613 |
| Property operating, excluding real estate taxes | 86,394 | 86,027 | 85,296 | 78,721 |
| Expensed acquisition and investment related costs | - | - | - | - |
| Corporate-level property management expenses | 12,220 | 12,332 | 12,150 | 12,123 |
| Total expenses | 316,307 | 318,532 | 321,908 | 304,905 |
| Earnings from operations | 279,700 | 257,081 | 128,790 | 137,450 |
| Interest expense | 65,262 | 62,732 | 59,232 | - |
| Equity income from co-investments | 8,977 | 13,209 | 11,649 | 9,652 |
| Loss on early retirement of debt | - | -762 | - | - |
| Total return swap income | 1,071 | 1,200 | 807 | 629 |
| Tax benefit on unconsolidated technology co-investments | -232 | -163 | -441 | -807 |
| Interest and other income | 6,808 | 4,289 | 11,449 | 9,568 |
| Gain on remeasurement of co-investment | - | 330 | 31,583 | - |
| Interest expense | - | - | - | 59,120 |
| Net income | 231,526 | 212,778 | 125,487 | 98,986 |
| Net income attributable to noncontrolling interest | 10,164 | 9,668 | 7,063 | 6,072 |
| Net income available to common stockholders | 221,362 | 203,110 | 118,424 | 92,914 |
| Net income available to common stockholders (in dollars per share) | 3.44 | 3.16 | 1.84 | 1.45 |
| Net income available to common stockholders (in dollars per share) | 3.44 | 3.16 | 1.84 | 1.45 |
| Weighted average number of shares outstanding during the period (in shares) | 64,385,988 | 64,314,899 | 64,227,662 | 64,209,878 |
| Weighted average number of shares outstanding during the period (in shares) | 64,407,613 | 64,349,899 | 64,271,459 | 64,227,651 |