Essex Property Trust

Real Estate & Construction commercial real estate real estate investments sustainability

Essex Property Trust, Inc., is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast communities. Since its founding in 1971, Essex has developed a clearly defined approach for creating value and managing risk. The Company's approach has three components - a sound real estate strategy, an experienced management team, and a strong financial condition. These three factors have contributed to the Company's historical results and future growth potential.

Company Growth (employees)

Type

Public

San Mateo, US

Size (employees)

1,799 (est)

Website

essexapartmenthomes.com

Essex Property Trust is headquartered in San Mateo, US

Essex Property Trust Office Locations

Essex Property Trust has offices in San Mateo, Orange, San Francisco, Santa Barbara and in 40 other locations

San Mateo, US (HQ)

200 1100 Park Pl

Show all (44)

Essex Property Trust Data and Metrics

Essex Property Trust Financial Metrics

Essex Property Trust's revenue was reported to be $335.4 m in Q1, 2017

Summary

USD

Essex Property Trust's current market capitalization is $17.4 b.

Income Statement

Annual

USD	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue				613.7 m	969.3 m	1.2 b	1.3 b
Revenue growth, %					58%	23%	8%
General and administrative expense							40.8 m
Operating expense total				425 m		863.2 m	873.2 m
EBIT				132.8 m	161.6 m	309.3 m
EBIT margin, %				22%	17%	26%
Interest expense	82.8 m	91.7 m	111.9 m	116.5 m	164.6 m	204.8 m	219.7 m
Net Income				172.1 m	134.4 m	248.2 m	438.4 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	259.5 m	270.5 m	282.9 m	296.2 m	304.6 m	314.2 m	321.6 m	329.2 m	335.4 m
General and administrative expense	9.6 m	11.5 m	10.5 m	9.5 m	11.1 m	9.2 m	9.7 m	9.6 m	10.6 m
Operating expense total	9.6 m	11.5 m	10.5 m	9.5 m	11.1 m	9.2 m	9.7 m	9.6 m	10.6 m
Interest expense	(42.2 m)	(45.8 m)	(47.5 m)	(50.8 m)	(50.1 m)	(52.5 m)	(55.6 m)	(56.7 m)	(54.6 m)
Net Income	8.4 m	58.7 m	64.8 m	50.5 m	47.2 m	86.9 m	76.8 m	70.2 m	187.6 m

Balance Sheet

Annual

USD	Y, 2009	Y, 2010	Y, 2011	Y, 2012	Y, 2013	Y, 2014	Y, 2015	FY, 2016
Cash	20.7 m	13.8 m	12.9 m	18.6 m	18.5 m	25.6 m	29.7 m
Accounts Receivable								10.9 k
Total Assets					5.2 b	11.6 b	12 b	12.2 b
Accounts Payable								138.2 m
Dividends Payable					50.6 m	88.2 m	100.3 m	110.2 m
Total Liabilities								5.9 b
Common Stock					4 k
Additional Paid-in Capital					2.3 b	6.7 b	7 b	7 b
Total Equity					2 b	6.1 b	6.3 b	6.3 b
Financial Leverage					2.6 x	1.9 x	1.9 x	1.9 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Total Assets	11.3 b	11.7 b	12.1 b	12 b	12 b	12.1 b	12.2 b	12.2 b	12.4 b
Accounts Payable	132.4 m	167.2 m	162.1 m	146.3 m	177.8 m	170.4 m	145.2 m	185.2 m	184.8 m
Dividends Payable	86.6 m	87.6 m	98.9 m	99.7 m	99.9 m	111.4 m	110.2 m	110.2 m	120.6 m
Additional Paid-in Capital	6.4 b	6.6 b	6.8 b	6.9 b	7 b	7 b	7 b	7 b	7 b
Total Equity	6 b	6.1 b	6.3 b	6.3 b	6.3 b	6.2 b	6.2 b	6.2 b	6.4 b
Financial Leverage	1.9 x	1.9 x	1.9 x	1.9 x	1.9 x	1.9 x	2 x	2 x	1.9 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	172.1 m	134.4 m	248.2 m	438.4 m
Depreciation and Amortization	193.5 m	360.6 m	453.4 m	441.7 m
Cash From Operating Activities	305 m	493 m	617.4 m	712.5 m
Cash From Investing Activities	(453.7 m)	(1.1 b)	(725.6 m)	(421.4 m)
Long-term Borrowings	(750.9 m)	(1.8 b)	(1.2 b)	(1 b)
Cash From Financing Activities	148.6 m	520.6 m	108.2 m	(255.9 m)
Interest Paid		130.7 m	181.1 m	203.7 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	8.4 m	58.7 m	64.8 m	50.5 m	47.2 m	86.9 m	76.8 m	70.2 m	187.6 m
Depreciation and Amortization	97.5 m	102.2 m	106.9 m	113.7 m	116.3 m	109.7 m	109.7 m	110.5 m	115.5 m