← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.3b |
$1.4b
+5.40%
|
$1.4b
+2.65%
|
$1.5b
+4.29%
|
$9.6m
-99.34%
|
$9.1m
-4.79%
|
$11.1m
+21.90%
|
$1.7b
+14886.94%
|
$1.8b
+6.29%
|
$1.9b
+6.36%
|
$1.9b
+2.09%
|
|
| 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 | — | |
| Cost of Revenue | $832.5m |
$876.0m
+5.23%
|
$896.5m
+2.34%
|
$924.8m
+3.16%
|
($547.2m)
-159.17%
|
($572.7m)
-4.65%
|
$478.4m
+183.54%
|
$498.9m
+4.28%
|
$529.8m
+6.19%
|
$568.4m
+7.28%
|
$618.5m
+8.83%
|
|
| Gross Profit (derived) | $461.6m |
$487.9m
+5.71%
|
$503.6m
+3.21%
|
$535.4m
+6.31%
|
($537.6m)
-200.42%
|
($563.6m)
-4.82%
|
($467.3m)
+17.09%
|
$1.2b
+350.50%
|
$1.2b
+6.34%
|
$1.3b
+5.97%
|
$1.3b
-0.82%
|
|
| General and Administrative Expense | $40.8m | $41.4m | $53.5m | $54.3m | $65.4m | $51.8m | $56.6m | $63.5m | $98.9m | $71.9m | $131.7m | |
| Operating Lease, Lease Income | — | — | — | $1.5b | $1.5b | $1.4b | $1.6b | $1.7b | $1.8b | $1.9b | — | |
| Operating expenses: | ||||||||||||
| Operating Income (Loss) | $420.8m |
$446.5m
+6.11%
|
$450.1m
+0.81%
|
$481.1m
+6.88%
|
$491.4m
+2.15%
|
$530.0m
+7.85%
|
$595.2m
+12.31%
|
$584.3m
-1.83%
|
$703.1m
+20.32%
|
$899.3m
+27.91%
|
$561.3m
-37.59%
|
|
| Gain (Loss) on Investments | — | — | — | — | — | — | — | $10.0m | $8.3m | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | — | $42.5m | — | — | |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss | $5.7m | $1.9m | — | — | — | — | $12.4m | — | — | — | — | |
| 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 | — | |
| Interest Expense (non-operating) | $219.7m | $222.9m | $220.5m | $217.3m | $220.6m | $203.1m | $204.8m | $212.9m | $235.5m | $258.4m | $262.8m | |
| Interest and Other Income | $27.3m | $24.6m | $23.0m | $46.3m | $41.0m | $98.7m | $19.0m | $46.3m | $81.0m | $20.0m | — | |
| Real Estate Tax Expense | $139.2m | $146.3m | $151.5m | $155.2m | $177.0m | $180.4m | $183.9m | $185.8m | $193.4m | $205.6m | — | |
| Net Income (Loss) Attributable to Parent | $415.0m |
$433.1m
+4.36%
|
$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%
|
$413.8m
-38.20%
|
|
| 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 | $413.8m | |
| Preferred Stock Dividends, Income Statement Impact | $1.3m | $0 | $0 | — | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | $6.28 | $6.58 | $5.91 | $6.67 | $8.69 | $7.51 | $6.27 | $6.32 | $11.55 | $10.40 | $6.42 | |
| Earnings Per Share, Diluted | $6.27 | $6.57 | $5.90 | $6.66 | $8.69 | $7.51 | $6.27 | $6.32 | $11.54 | $10.40 | $6.42 | |
| Income (Loss) from Continuing Operations, Per Basic Share | $6 | $7 | — | — | — | — | — | — | — | — | — | |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.00 | $7.44 | $7.80 | $8.31 | $8.36 | $8.80 | $9.14 | $9.66 | $10.16 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 65.5m | 65.8m | 66.0m | 65.8m | 65.5m | 65.1m | 65.1m | 64.3m | 64.2m | 64.4m | 64.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | 65.6m | 65.9m | 66.1m | 65.9m | 65.6m | 65.1m | 65.1m | 64.3m | 64.3m | 64.4m | 64.4m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | $1.8m | $1.6m | $194k | $168k | $1.6m | $203k | $2.1m | $595k | $72k | $25k | — | |
| Direct Costs of Leased and Rented Property or Equipment | $249.8m | $259.2m | $233.8m | — | — | — | — | — | — | — | — | |
| 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 | $69.8m | $33.1m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.