ESS
Essex Property Trust, Inc.
NYSE · Real Estate · REIT - Residential · US
$279.55
+0.32%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 1.9B | 1.9B | 1.8B | 1.7B | 1.6B |
| Cost of Revenue | 589.9M | 592.6M | 566.8M | 532.0M | 497.7M |
| Gross Profit | 1.3B | 1.3B | 1.2B | 1.1B | 1.1B |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 128.4M | 68.6M | 98.9M | 63.5M | 56.6M |
| General & Admin Expense | 128.4M | 68.6M | 98.9M | 63.5M | 56.6M |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | 648.3M | 405.3M | 405.6M | 489.5M | 457.3M |
| Total Operating Expenses | 776.6M | 473.9M | 504.5M | 553.0M | 513.8M |
| Cost and Expenses | 1.4B | 1.1B | 1.1B | 1.1B | 1.0B |
| Operating Income (EBIT) | 560.2M | 834.0M | 703.1M | 584.3M | 595.2M |
| Non-Operating | |||||
| Interest Income | 16.0M | 17.0M | 81.0M | 46.3M | — |
| Interest Expense | 260.1M | 257.3M | 235.5M | 212.9M | 223.8M |
| Net Interest Income | (244.1M) | (240.3M) | (154.6M) | (166.6M) | (223.8M) |
| Other Non-Op Income/Expense | (127.4M) | (136.1M) | 108.2M | (153.6M) | (162.2M) |
| Non-Operating Income (excl Interest) | (131.4M) | (121.2M) | (343.7M) | (59.3M) | (61.6M) |
| EBT (Pre-Tax Income) | 432.8M | 698.0M | 811.3M | 430.7M | 433.0M |
| Income Tax Expense | 257.0K | 257.0K | — | — | — |
| Bottom Line | |||||
| Net Income | 416.7M | 672.5M | 741.5M | 405.8M | 408.3M |
| Earnings from Cont. Ops | 432.5M | 697.7M | 811.3M | 430.7M | 433.0M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 416.7M | 672.5M | 741.5M | 405.8M | 408.3M |
| Per Share | |||||
| Basic EPS | $6.43 | $10.41 | $11.55 | $6.32 | $6.27 |
| Diluted EPS | $6.43 | $10.41 | $11.54 | $6.32 | $6.27 |
| Revenue Per Share | $29.89 | $29.49 | $27.63 | $25.98 | $24.69 |
| Shares | |||||
| Basic Shares Outstanding | 64.5M | 64.5M | 64.2M | 64.3M | 65.1M |
| Diluted Shares Outstanding | 64.5M | 64.5M | 64.3M | 64.3M | 65.1M |
| Profitability Metrics | |||||
| EBITDA | 1.3B | 1.6B | 1.6B | 1.2B | 1.2B |
| D&A | 613.7M | 607.5M | 580.2M | 548.4M | 539.3M |
| EBIT | 691.6M | 955.2M | 1.0B | 643.6M | 656.8M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026