← ESSEX PROPERTY TRUST, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $415.0m |
$433.1m
+4.36%
|
$390.2m
-9.91%
|
$464.4m
+19.04%
|
$599.3m
+29.04%
|
$515.7m
-13.96%
|
$433.0m
-16.04%
|
$430.7m
-0.53%
|
$811.3m
+88.37%
|
$702.8m
-13.38%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $411.1m |
$433.1m
+5.34%
|
$390.2m
-9.91%
|
$439.3m
+12.59%
|
$568.9m
+29.50%
|
$488.6m
-14.12%
|
$408.3m
-16.42%
|
$405.8m
-0.61%
|
$741.5m
+82.72%
|
$669.7m
-9.69%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $438.4m | $458.0m | $413.6m | $464.4m | $599.3m | $515.7m | $433.0m | $430.7m | $811.3m | $702.8m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $23.4m | $25.0m | $23.4m | $25.2m | $30.5m | $27.1m | $24.7m | $24.9m | $69.8m | $33.1m | — | |
| Depreciation and amortization | $441.7m | $468.9m | $479.9m | $483.8m | $525.5m | $520.1m | $539.3m | $548.4m | $580.2m | $607.5m | $613.7m | |
| Amortization Of Securities | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $539.3m | $548.4m | $580.2m | $607.5m | $613.7m | |
| Deferred Other Tax Expense (Benefit) | — | — | — | $1.5m | $1.5m | $15.7m | ($10.2m) | $697k | ($929k) | ($2.1m) | — | |
| Share-based Payment Arrangement, Noncash Expense | $10.9m | $9.3m | $7.1m | $7.0m | $8.2m | $7.3m | $7.2m | $8.0m | $7.2m | $9.6m | $11.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $386k | $316k | $869k | $3.7m | $5.7m | $5.4m | $2.2m | $3.8m | $3.2m | $8.1m | — | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | $11.5m | — | $0 | $2.1m | $33.7m | $3.7m | $12.6m | — | |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | — | — | — | — | — | — | — | — | $3.8m | — | |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss | $5.7m | $1.9m | — | — | — | — | $12.4m | ($10.0m) | ($8.3m) | ($3.8m) | — | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Income (Loss) from Equity Method Investments | $48.7m | $86.4m | $89.1m | $112.1m | $66.5m | $111.7m | $26.0m | $10.6m | $48.2m | $35.5m | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | $13.0m | $44.8m | $10.6m | $51.1m | $2.2m | $0 | $0 | — | — | $5.2m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($26.0m) | ($10.6m) | ($48.2m) | ($35.5m) | ($50.6m) | |
| Change In Working Capital | — | — | — | — | — | — | ($2.5m) | ($1.7m) | $55.3m | $3.0m | $78.9m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $9.6m | $2.7m | ($1.9m) | ($2.3m) | ($1.2m) | |
| Net Cash Provided by (Used in) Operating Activities | $712.5m |
$766.2m
+7.53%
|
$826.6m
+7.88%
|
$919.1m
+11.19%
|
$803.1m
-12.62%
|
$905.3m
+12.72%
|
$975.6m
+7.78%
|
$980.1m
+0.45%
|
$1.1b
+9.00%
|
$1.1b
+0.57%
|
$1.1b
+4.06%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($163.2m) | ($140.4m) | ($136.4m) | ($140.3m) | ($127.2m) | |
| Cash, Cash Equivalents, and Short-term Investments | $170.3m | $61.1m | $151.4m | $81.1m | $84.0m | $58.6m | $42.7m | $400.3m | — | — | — | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | $10.0m | $8.3m | — | ($69.7m) | |
| Gain (Loss) on Sale of Investments | — | — | $737k | $1.3m | $2.1m | $3.4m | $12.4m | — | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $231.9m | ($44.5m) | ($102.8m) | ($73.3m) | ($51.9m) | |
| Net Cash Provided by (Used in) Investing Activities | ($421.4m) | ($477.2m) | ($59.9m) | ($527.7m) | ($416.9m) | ($397.4m) | $146.0m | ($145.1m) | ($973.1m) | ($552.5m) | ($275.0m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | ($606k) | ($1.8m) | $0 | $3.7m | ($22.9m) | ($19.0m) | ($2k) | $0 | $0 | ($762k) | — | |
| Repayments of Long-term Debt | $1.0b | $561.2m | $230.4m | $1.0b | $916.2m | $1.1b | $64.5m | $302.4m | $403.1m | $808.6m | ($9.7b) | |
| Proceeds from Issuance of Long-term Debt | $1.3b | $598.0m | $298.8m | $1.0b | $1.5b | $745.5m | $0 | $598.0m | $554.9m | $1.1b | $9.7b | |
| Issuance Of Debt | — | — | — | — | — | — | $1.4b | $1.4b | $2.2b | $9.1b | $9.7b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $1.4b | $1.4b | $2.2b | $9.1b | $9.7b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($1.7b) | ($1.2b) | ($1.9b) | ($8.9b) | ($9.7b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($353.7m) | $243.5m | $289.7m | $201.7m | ($63.8m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($353.7m) | $243.5m | $289.7m | $201.7m | ($63.8m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | $341.3m | ($289.2m) | ($52.1m) | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($1.7b) | ($1.2b) | ($1.9b) | ($8.9b) | ($9.7b) | |
| Short Term Debt Issuance | — | — | — | — | — | $1.1b | $1.4b | $844.0m | — | — | — | |
| Short Term Debt Payments | — | — | — | — | — | ($709.3m) | ($1.7b) | ($896.1m) | — | — | — | |
| Payments for Repurchase of Common Stock | $1.0m | $0 | $51.2m | $57.0m | $269.3m | $9.2m | $189.7m | $95.7m | $0 | $0 | — | |
| Proceeds from Issuance of Common Stock | ($384k) | $89.1m | ($919k) | $72.5m | ($296k) | ($455k) | ($314k) | ($347k) | ($296k) | ($391k) | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($565.9m) | ($587.0m) | ($620.5m) | ($654.1m) | ($663.4m) | |
| Common Stock Payments | — | — | — | — | — | — | ($190.0m) | ($96.0m) | ($296k) | ($391k) | ($62.3m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($190.0m) | ($96.0m) | ($296k) | ($391k) | ($62.3m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($190.0m) | ($96.0m) | ($296k) | ($391k) | ($62.3m) | |
| Dividends Payable | $110.2m | $121.4m | $128.5m | $135.4m | $141.9m | $143.2m | $149.2m | $155.7m | $165.4m | $173.7m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($565.9m) | ($587.0m) | ($620.5m) | ($654.1m) | ($663.4m) | |
| Dividend Received CFO | — | — | — | — | — | — | $95.3m | $76.8m | $62.9m | $93.0m | $94.0m | |
| Dividends Received CFI | — | — | — | — | — | — | $175.6m | $39.8m | $40.5m | $184.4m | $197.7m | |
| Net Other Financing Charges | — | — | — | — | — | — | ($47.4m) | ($37.8m) | ($101.0m) | ($68.4m) | ($55.9m) | |
| Net Cash Provided by (Used in) Financing Activities | ($255.9m) |
($309.2m)
-20.85%
|
($676.4m)
-118.75%
|
($461.7m)
+31.74%
|
($383.3m)
+16.99%
|
($533.3m)
-39.14%
|
($1.1b)
-113.32%
|
($477.3m)
+58.04%
|
($419.7m)
+12.05%
|
($512.2m)
-22.03%
|
($844.5m)
-64.88%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $2.9m | ($25.4m) | ($16.0m) | $357.7m | ($324.5m) | $9.7m | $66.3m | |
| Beginning Cash Position | — | — | — | — | — | — | $58.6m | $42.7m | $400.3m | $75.8m | $67.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $47.2m | ($109.2m) | $151.4m | $81.1m | $84.0m | $58.6m | $42.7m | $400.3m | $75.8m | $85.6m | $66.3m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $203.7m | $212.2m | $203.8m | $194.4m | $211.7m | $194.2m | $198.3m | $207.0m | $223.2m | $252.7m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | $5.7m | $12.5m | $33.1m | ($58.0m) | — | — | — | — | |
| Gain (Loss) on Sale of Properties | $14.0m | $26.2m | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | — | $42.5m | — | — | |
| Gain (Loss) on Disposition of Assets for Financial Service Operations | $154.6m | $26.4m | — | — | — | — | — | — | — | — | — | |
| Gains (Losses) on Sales of Investment Real Estate | — | $26.4m | $61.9m | ($3.2m) | $65.0m | $143.0m | $94.4m | $59.2m | $175.6m | $299.5m | — | |
| General and Administrative Expense | $40.8m | $41.4m | $53.5m | $54.3m | $65.4m | $51.8m | $56.6m | $63.5m | $98.9m | $71.9m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $411.1m | $433.1m | $390.2m | $439.3m | $568.9m | $488.6m | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $438.4m | $458.0m | $413.6m | $464.4m | $599.3m | $515.7m | $433.0m | $430.7m | — | — | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $235.5m | $258.4m | — | |
| Noncash Merger Related Costs | $0 | — | — | — | — | — | — | — | — | — | — | |
| Operating Lease, Lease Income | — | — | — | $1.5b | $1.5b | $1.4b | $1.6b | $1.7b | $1.8b | $1.9b | — | |
| Proceeds from Contributions from Affiliates | — | — | — | — | — | $1.9m | $125k | $0 | $0 | — | — | |
| Proceeds from Noncontrolling Interests | $0 | — | $7.9m | $0 | $0 | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $18.9m | $26.6m | $6.2m | $37.5m | $14.9m | $58.5m | $19.5m | $0 | $12.3m | $8.9m | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | $687k | — | — | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | $141k | $381k | $70k | ($179k) | $26k | — | |
| Real Estate Tax Expense | $139.2m | $146.3m | $151.5m | $155.2m | $177.0m | $180.4m | $183.9m | $185.8m | $193.4m | $205.6m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $1.4b | — | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($1.1b) | ($477.3m) | ($419.7m) | ($512.2m) | ($844.5m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $146.0m | ($145.1m) | ($973.1m) | ($552.5m) | ($275.0m) | |
| Change In Account Payable | — | — | — | — | — | — | ($17.3m) | $5.3m | $25.2m | $7.2m | $75.9m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($16.0m) | $357.7m | ($324.5m) | $9.7m | — | |
| Change In Payable | — | — | — | — | — | — | ($17.3m) | $5.3m | $25.2m | $7.2m | $75.9m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $5.2m | ($9.7m) | $32.0m | ($2.0m) | $4.2m | |
| Changes In Cash | — | — | — | — | — | — | ($16.0m) | $357.7m | ($324.5m) | $9.7m | ($1.5m) | |
| End Cash Position | — | — | — | — | — | — | $42.7m | $400.3m | $75.8m | $85.6m | $66.3m | |
| Financing Cash Flow | — | — | — | — | — | — | ($1.1b) |
($477.3m)
+58.04%
|
($419.7m)
+12.05%
|
($512.2m)
-22.03%
|
($844.5m)
-64.88%
|
|
| Free Cash Flow | — | — | — | — | — | — | $812.5m | $839.7m | $931.9m | $934.1m | $990.8m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($48.9m) | ($69.2m) | ($183.9m) | ($303.3m) | ($69.7m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | ($17.4m) | $0 | ($210.6m) | ($330k) | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | $146.0m | ($145.1m) | ($973.1m) | ($552.5m) | ($275.0m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($163.2m) | ($37.4m) | ($34.1m) | ($33.8m) | ($26.5m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | $11.7m | ($6.2m) | ($766.6m) | ($465.2m) | ($262.4m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $53.1m | $43.5m | $26.3m | ($24.3m) | ($4.8m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($92.3m) | ($79.8m) | ($442.7m) | ($338.4m) | ($120.3m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($4.7m) | ($2.5m) | ($5.7m) | ($3.2m) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $19.5m | $0 | $12.3m | $8.9m | $898k | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $381k | $70k | ($179k) | $26k | ($207k) | |
| Purchase Of Business | — | — | — | — | — | — | ($163.2m) | ($37.4m) | ($34.1m) | ($33.8m) | ($26.5m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($18.1m) | ($20.8m) | ($1.0m) | ($25.5m) | ($29.7m) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($146.3m) | ($105.5m) | ($1.0b) | ($975.2m) | ($29.7m) | |
| Sale Of Investment | — | — | — | — | — | — | $71.2m | $64.3m | $27.3m | $1.3m | $24.9m | |
| Sale Of Investment Properties | — | — | — | — | — | — | $158.0m | $99.4m | $247.3m | $509.9m | $24.9m | |
| Stock Based Compensation | — | — | — | — | — | — | $7.2m | $8.0m | $7.2m | $9.6m | $11.0m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | ($33.1m) | $58.0m | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.