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.

Revenue(FY, 2016)

$1.3 B

Market capitalization(2018-04-18)

$16.2 B

Type

Public

San Mateo, US

Size (employees)

1,799 (est)

Website

essexapartmenthomes.com

Essex Property Trust is headquartered in San Mateo, US

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Key People/Management at Essex Property Trust

Michael Schall

President and Chief Executive Officer

George Marcus

Chairman

John Eudy

Co-Chief Investment Officer/Executive Vice President, Development

Craig Zimmerman

Co-Chief Investment Officer/Executive Vice President, Acquisitions

John Burkart

Senior Executive Vice President, Asset Management

Keith Guericke

Vice Chairman

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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

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Essex Property Trust Financials and Metrics

Essex Property Trust Financials

Essex Property Trust's revenue was reported to be $1.29 b in FY, 2016 which is a 8.3% increase from the previous period.

Summary

USD
Revenue (Q2, 2017)	339.1 m
Net income (Q2, 2017)	75.8 m
Market capitalization (18-Apr-2018)	16.2 b

Essex Property Trust's current market capitalization is $16.2 b.

Income Statement

Annual

usd	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				40.8 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Revenue	155.9 m	161.6 m	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	339.1 m
General and administrative expense	6.1 m	7.1 m	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	10.3 m
Operating expense total	106.7 m	127.9 m	217.3 m	205.2 m	207.6 m	215.2 m	221.9 m	214.2 m	215.7 m	219.8 m	226.2 m	226.8 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	56.8 m

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Balance Sheet

Annual

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Total Assets	5.1 b	6.6 b	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	12.5 b
Accounts Payable	83.8 m	83.5 m	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	139 m
Dividends Payable	50.5 m	1.5 m	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	121.5 m
Total Liabilities	3.1 b	3.1 b	5.4 b	5.6 b	5.8 b	5.7 b	5.7 b	5.8 b	5.9 b	5.9 b	6 b	6 b

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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

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Net Income	75.9 m	26.4 m	8.4 m	58.7 m	64.8 m	115.3 m	162.5 m	86.9 m	163.7 m	233.9 m	187.6 m	263.3 m
Depreciation and Amortization	48.4 m	50.3 m	97.5 m	102.2 m	106.9 m	220.6 m	336.9 m	109.7 m	219.4 m	329.8 m	115.5 m	233.4 m
Cash From Operating Activities						287 m	487.9 m	200.6 m	350.4 m	580.3 m	223.3 m	372.4 m
Cash From Investing Activities						(575.2 m)	(660.3 m)	(80.8 m)	(181.1 m)	(264.8 m)	(90.4 m)	(174.2 m)