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.
Type
Public
HQ
San Mateo, US
Size (employees)
1,799 (est)
Essex Property Trust is headquartered in San Mateo, US
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Key People/Management at Essex Property Trust

Michael Schall

Michael Schall

President and Chief Executive Officer
George Marcus

George Marcus

Chairman
John Eudy

John Eudy

Co-Chief Investment Officer/Executive Vice President, Development
Craig Zimmerman

Craig Zimmerman

Co-Chief Investment Officer/Executive Vice President, Acquisitions
John Burkart

John Burkart

Senior Executive Vice President, Asset Management
Keith Guericke

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.
USD

Revenue (Q1, 2018)

347.3 m

Net income (Q1, 2018)

96.6 m

Market capitalization (14-Jun-2018)

15.5 b

Closing share price (14-Jun-2018)

234.8
Essex Property Trust's current market capitalization is $15.5 b.
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

613.7 m969.3 m1.2 b1.3 b

Revenue growth, %

58%23%8%

General and administrative expense

40.8 m

Operating expense total

40.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

155.9 m161.6 m259.5 m270.5 m282.9 m296.2 m304.6 m314.2 m321.6 m329.2 m335.4 m339.1 m347.3 m

General and administrative expense

6.1 m7.1 m9.6 m11.5 m10.5 m9.5 m11.1 m9.2 m9.7 m9.6 m10.6 m10.3 m14.8 m

Operating expense total

106.7 m127.9 m217.3 m205.2 m207.6 m215.2 m221.9 m214.2 m215.7 m219.8 m226.2 m226.8 m236.7 m

Depreciation and amortization

119.1 m
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

20.7 m13.8 m12.9 m18.6 m18.5 m25.6 m29.7 m

Accounts Receivable

10.9 k

Inventories

Total Assets

5.2 b11.6 b12 b12.2 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Total Assets

5.1 b6.6 b11.3 b11.7 b12.1 b12 b12 b12.1 b12.2 b12.2 b12.4 b12.5 b12.6 b

Accounts Payable

83.8 m83.5 m132.4 m167.2 m162.1 m146.3 m177.8 m170.4 m145.2 m185.2 m184.8 m139 m179.6 m

Dividends Payable

50.5 m1.5 m86.6 m87.6 m98.9 m99.7 m99.9 m111.4 m110.2 m110.2 m120.6 m121.5 m

Total Liabilities

3.1 b3.1 b5.4 b5.6 b5.8 b5.7 b5.7 b5.8 b5.9 b5.9 b6 b6 b6.1 b
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

172.1 m134.4 m248.2 m438.4 m

Depreciation and Amortization

193.5 m360.6 m453.4 m441.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

75.9 m26.4 m8.4 m58.7 m64.8 m115.3 m162.5 m86.9 m163.7 m233.9 m187.6 m263.3 m96.6 m

Depreciation and Amortization

48.4 m50.3 m97.5 m102.2 m106.9 m220.6 m336.9 m109.7 m219.4 m329.8 m115.5 m233.4 m119.1 m

Accounts Payable

52.2 m

Cash From Operating Activities

287 m487.9 m200.6 m350.4 m580.3 m223.3 m372.4 m268.4 m
USDY, 2018

Financial Leverage

1.9 x
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Essex Property Trust Online and Social Media Presence

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