Overview
Essex Property Trust is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, operates, and manages multifamily apartment communities located in supply-constrained markets. It owns more than 250 operating apartment communities aggregating over 61,995 apartment homes, excluding the company's ownership in preferred equity co-investments, loan investments, three operating commercial buildings, and a development pipeline
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Read More comprised of one consolidated project and one unconsolidated joint venture project aggregating some 265 apartment homes. Essex Property's portfolio is concentrated along the West Coast, including Southern California, the San Francisco Bay Area, and the Seattle metropolitan area. It was founded in 1971 by George M. Marcus.
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Read More comprised of one consolidated project and one unconsolidated joint venture project aggregating some 265 apartment homes. Essex Property's portfolio is concentrated along the West Coast, including Southern California, the San Francisco Bay Area, and the Seattle metropolitan area. It was founded in 1971 by George M. Marcus.
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Angela L Kleiman
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Lessors of Real Estate
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Real Estate
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Real Estate and Rental and Leasing
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Apartment hotel operation
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Real estate investment trusts
Activities Related to Real Estate
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Automotive Equipment Rental and Leasing
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Commercial and Industrial Machinery and Equipment Rental and Leasing
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Consumer Goods Rental
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General Rental Centers
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Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
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Offices of Real Estate Agents and Brokers
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Actual
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Actual
$1.77 billion
Actual
6.29%
82.72%
$12,927
DEC
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NYSE:ESS
Contacts
Get in Touch with 6 Principals* and 403 Contacts
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Angela L KleimanPresident and Chief Executive Officer
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$1.77 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,068 | $980 | $976 |
| Net Investing Cash | -$973 | -$145 | $146 |
| Net Financing Cash | -$420 | -$477 | -$1,138 |
| Net Change in Cash | -$324 | $358 | -$16 |
| Cash at Beginning of Period | $400 | $43 | $59 |
| Cash at End of Period | $76 | $400 | $43 |
| Capital Expenditure | -$136 | -$140 | -$163 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $67 | $392 | $33 |
| Accounts Receivable | $9 | $9 | $12 |
| Inventories | $ | $ | $ |
| Other Current Assets | $276 | $262 | $213 |
| Asset Summary | |||
| Total Current Assets | $352 | $663 | $258 |
| Tangible Fixed Assets | $52 | $64 | $67 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $12,927 | $12,361 | $12,373 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $213 | $176 | $165 |
| Short-Term Debt | $138 | $ | $52 |
| Other Current Liabilities | $180 | $176 | $172 |
| Liability Summary | |||
| Total Current Liabilities | $530 | $353 | $390 |
| Long-Term Debt | $6,464 | $6,206 | $5,906 |
| Other Long-Term Liabilities | $129 | $112 | $86 |
| Total Liabilities | $7,176 | $6,735 | $6,451 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | -$1,156 | -$1,268 | -$1,080 |
| Equity Summary | |||
| Total Equity | $5,537 | $5,423 | $5,716 |
| Shares Outstanding | 64,280,466 | 64,203,497 | 64,604,603 |