Essex Property Trust

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
HQ
San Mateo, US
Size (employees)
1,799 (est)
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
USD

Revenue (Q1, 2017)

335.4 m

Net income (Q1, 2017)

187.6 m

Market capitalization (21-Jul-2017)

17.4 b
Essex Property Trust's current market capitalization is $17.4 b.
USDFY, 2010FY, 2011FY, 2012FY, 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

425 m863.2 m873.2 m

EBIT

132.8 m161.6 m309.3 m

EBIT margin, %

22%17%26%

Interest expense

82.8 m91.7 m111.9 m116.5 m164.6 m204.8 m219.7 m

Net Income

172.1 m134.4 m248.2 m438.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

259.5 m270.5 m282.9 m296.2 m304.6 m314.2 m321.6 m329.2 m335.4 m

General and administrative expense

9.6 m11.5 m10.5 m9.5 m11.1 m9.2 m9.7 m9.6 m10.6 m

Operating expense total

9.6 m11.5 m10.5 m9.5 m11.1 m9.2 m9.7 m9.6 m10.6 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 m58.7 m64.8 m50.5 m47.2 m86.9 m76.8 m70.2 m187.6 m
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

Total Assets

5.2 b11.6 b12 b12.2 b

Accounts Payable

138.2 m

Dividends Payable

50.6 m88.2 m100.3 m110.2 m

Total Liabilities

5.9 b

Common Stock

4 k

Additional Paid-in Capital

2.3 b6.7 b7 b7 b

Total Equity

2 b6.1 b6.3 b6.3 b

Financial Leverage

2.6 x1.9 x1.9 x1.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Total Assets

11.3 b11.7 b12.1 b12 b12 b12.1 b12.2 b12.2 b12.4 b

Accounts Payable

132.4 m167.2 m162.1 m146.3 m177.8 m170.4 m145.2 m185.2 m184.8 m

Dividends Payable

86.6 m87.6 m98.9 m99.7 m99.9 m111.4 m110.2 m110.2 m120.6 m

Additional Paid-in Capital

6.4 b6.6 b6.8 b6.9 b7 b7 b7 b7 b7 b

Total Equity

6 b6.1 b6.3 b6.3 b6.3 b6.2 b6.2 b6.2 b6.4 b

Financial Leverage

1.9 x1.9 x1.9 x1.9 x1.9 x1.9 x2 x2 x1.9 x
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

Cash From Operating Activities

305 m493 m617.4 m712.5 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 m520.6 m108.2 m(255.9 m)

Interest Paid

130.7 m181.1 m203.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

8.4 m58.7 m64.8 m50.5 m47.2 m86.9 m76.8 m70.2 m187.6 m

Depreciation and Amortization

97.5 m102.2 m106.9 m113.7 m116.3 m109.7 m109.7 m110.5 m115.5 m
USDY, 2017

Revenue/Employee

186.4 k

Financial Leverage

1.9 x

Essex Property Trust Market Value History

Essex Property Trust Online and Social Media Presence

Essex Property Trust Company Life and Culture

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