Essex Financial Statements From 2010 to 2024

ESS Stock  USD 233.97  1.32  0.57%   
Essex Property financial statements provide useful quarterly and yearly information to potential Essex Property Trust investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Essex Property financial statements helps investors assess Essex Property's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Essex Property's valuation are summarized below:
Gross Profit
1.1 B
Profit Margin
0.2416
Market Capitalization
15.6 B
Enterprise Value Revenue
12.6724
Revenue
1.7 B
There are over one hundred nineteen available fundamental signals for Essex Property Trust, which can be analyzed over time and compared to other ratios. All traders should verify Essex Property's prevailing fundamentals against the performance from 2010 to 2024 and make sure the trends continue to evolve in the right direction. Market Cap is likely to gain to about 16.7 B in 2024. Enterprise Value is likely to gain to about 22.9 B in 2024

Essex Property Total Revenue

1.75 Billion

Check Essex Property financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Essex main balance sheet or income statement drivers, such as Depreciation And Amortization of 575.9 M, Interest Expense of 223.6 M or Selling General Administrative of 32.5 M, as well as many exotic indicators such as Price To Sales Ratio of 6.34, Dividend Yield of 0.046 or PTB Ratio of 1.91. Essex financial statements analysis is a perfect complement when working with Essex Property Valuation or Volatility modules.
  
This module can also supplement Essex Property's financial leverage analysis and stock options assessment as well as various Essex Property Technical models . Check out the analysis of Essex Property Correlation against competitors.

Essex Property Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets13 B12.4 B10.1 B
Slightly volatile
Short and Long Term Debt Total6.6 B6.3 B4.9 B
Slightly volatile
Total Current Liabilities213.4 M352.8 M260.3 M
Very volatile
Total Stockholder Equity2.8 B5.4 B4.6 B
Slightly volatile
Property Plant And Equipment Net60.6 M63.8 M307.7 M
Slightly volatile
Net Debt2.9 B5.9 B4.5 B
Slightly volatile
Non Current Assets Total12.3 B11.7 B9.7 B
Slightly volatile
Common Stock Shares Outstanding39.7 M64.3 M53.2 M
Slightly volatile
Liabilities And Stockholders Equity13 B12.4 B10.1 B
Slightly volatile
Non Current Liabilities Total6.7 B6.4 BB
Slightly volatile
Other Stockholder EquityB6.7 B5.5 B
Slightly volatile
Total Liabilities7.1 B6.7 B5.2 B
Slightly volatile
Short Term Debt240.6 M403.1 M193.2 M
Slightly volatile
Accounts Payable185.2 M176.4 M125.3 M
Slightly volatile
Cash420.4 M400.3 M122.9 M
Slightly volatile
Other Assets13 B12.4 B4.1 B
Slightly volatile
Cash And Short Term Investments420.4 M400.3 M232.7 M
Slightly volatile
Net Receivables183.4 M174.6 M106.5 M
Slightly volatile
Common Stock Total EquityK6.9 K5.3 K
Slightly volatile
Property Plant And Equipment Gross60.6 M63.8 M314.3 M
Slightly volatile
Total Current Assets695.9 M662.8 M395.2 M
Slightly volatile
Common Stock4.1 K6.9 K5.3 K
Slightly volatile
Other Liabilities86.9 M43.5 M100.7 M
Pretty Stable
Long Term Debt3.6 B6.2 B4.6 B
Slightly volatile
Short Term Investments96.7 M87.8 M123.4 M
Slightly volatile
Net Tangible Assets5.5 B6.6 B4.9 B
Slightly volatile
Long Term Debt Total5.4 B6.9 B4.9 B
Slightly volatile
Capital Surpluse6.2 B7.8 B5.7 B
Slightly volatile
Long Term Investments1.1 B1.1 B983.6 M
Slightly volatile
Non Current Liabilities Other145.8 M111.7 M120 M
Slightly volatile
Warrants33.5 M31.2 M28.3 M
Slightly volatile
Short and Long Term Debt56.9 M59.9 M124.5 M
Slightly volatile
Cash And Equivalents54.7 M38.4 M64.1 M
Pretty Stable
Net Invested Capital9.6 B11.6 B11.8 B
Slightly volatile
Capital Stock5.2 K5.4 K6.6 K
Slightly volatile
Capital Lease Obligations56.8 M65.1 M73.5 M
Slightly volatile

Essex Property Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization575.9 M548.4 M399.6 M
Slightly volatile
Selling General Administrative32.5 M63.5 M40.7 M
Slightly volatile
Selling And Marketing Expenses2.2 M3.8 MM
Slightly volatile
Total Revenue1.8 B1.7 B1.2 B
Slightly volatile
Gross Profit500.7 M639.3 M712.5 M
Slightly volatile
Other Operating Expenses1.2 B1.1 B800 M
Slightly volatile
Operating Income562.2 M535.4 M403 M
Slightly volatile
EBIT278.5 M535.4 M431.8 M
Slightly volatile
EBITDA1.1 B1.1 B850.3 M
Slightly volatile
Net Income426.1 M405.8 M310.8 M
Slightly volatile
Income Before Tax216.5 M430.7 M313.1 M
Slightly volatile
Cost Of Revenue1.1 BB434.8 M
Slightly volatile
Net Income Applicable To Common Shares493 M469.6 M319.7 M
Slightly volatile
Extraordinary Items1.3 M1.4 M4.7 M
Slightly volatile
Net Income From Continuing Ops355.1 M554.6 M311.4 M
Slightly volatile
Non Operating Income Net Other16.3 M17.1 M97.2 M
Very volatile
Discontinued Operations22.7 M35.8 M26.7 M
Slightly volatile
Preferred Stock And Other AdjustmentsM3.5 M4.5 M
Slightly volatile
Non Recurring1.8 M1.9 M6.4 M
Pretty Stable
Interest Income70.2 M46.3 M95.7 M
Slightly volatile
Reconciled Depreciation560 M546.2 M493.7 M
Slightly volatile

Essex Property Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow881.7 M839.7 M573.6 M
Slightly volatile
Begin Period Cash Flow32.2 M42.7 M46.5 M
Slightly volatile
Depreciation575.9 M548.4 M397 M
Slightly volatile
Total Cash From Operating ActivitiesB980.1 M655.3 M
Slightly volatile
Net Income426.1 M405.8 M327.3 M
Slightly volatile
End Period Cash Flow420.4 M400.3 M102.5 M
Slightly volatile
Stock Based Compensation7.2 MM6.8 M
Slightly volatile
Issuance Of Capital Stock58 M65.3 M71.1 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio6.349.542810.4606
Pretty Stable
Dividend Yield0.0460.03680.0317
Pretty Stable
PTB Ratio1.912.93782.5939
Pretty Stable
Days Sales Outstanding57.3238.179536.7015
Pretty Stable
Book Value Per Share42.3184.397875.9385
Slightly volatile
Free Cash Flow Yield0.05530.05270.0502
Pretty Stable
Invested Capital1.531.14441.196
Slightly volatile
Operating Cash Flow Per Share16.0215.253410.938
Slightly volatile
Stock Based Compensation To Revenue0.00710.00480.0064
Slightly volatile
PB Ratio1.912.93782.5939
Pretty Stable
EV To Sales9.5713.059314.9265
Pretty Stable
Free Cash Flow Per Share13.7213.06879.5708
Slightly volatile
Net Income Per Share6.636.31615.0931
Slightly volatile
Payables Turnover6.135.83973.1691
Slightly volatile
Sales General And Administrative To Revenue0.06750.0380.0391
Slightly volatile
Cash Per Share7.987.59714.4929
Slightly volatile
POCF Ratio12.4816.254819.0272
Very volatile
Interest Coverage1.582.51492.1095
Slightly volatile
Payout Ratio1.121.44641.3838
Slightly volatile
PFCF Ratio19.9218.972122.0372
Very volatile
Days Payables Outstanding59.3862.5028135
Slightly volatile
Income Quality1.762.4152.2716
Slightly volatile
ROE0.0810.07480.0637
Slightly volatile
EV To Operating Cash Flow19.0422.244727.2414
Slightly volatile
PE Ratio30.7939.255146.8
Slightly volatile
Return On Tangible Assets0.0230.03280.0277
Slightly volatile
EV To Free Cash Flow27.2625.963331.3222
Pretty Stable
Earnings Yield0.03840.02550.0251
Slightly volatile
Intangibles To Total Assets3.0E-45.0E-42.0E-4
Slightly volatile
Net Debt To EBITDA4.655.41625.6962
Slightly volatile
Current Ratio1.391.87882.0025
Slightly volatile
Tangible Book Value Per Share45.9987.56478.9693
Slightly volatile
Receivables Turnover11.39.560117.037
Pretty Stable
Graham Number11511093.6119
Slightly volatile
Shareholders Equity Per Share42.3184.397875.9385
Slightly volatile
Debt To Equity1.531.14441.196
Slightly volatile
Revenue Per Share27.2825.981919.4726
Slightly volatile
Interest Debt Per Share53.0799.897584.0135
Slightly volatile
Debt To Assets0.420.5020.4973
Slightly volatile
Enterprise Value Over EBITDA13.9420.11419.6297
Very volatile
Short Term Coverage Ratios2.312.43138.917
Very volatile
Price Earnings Ratio30.7939.255146.8
Slightly volatile
Price Book Value Ratio1.912.93782.5939
Pretty Stable
Days Of Payables Outstanding59.3862.5028135
Slightly volatile
Dividend Payout Ratio1.121.44641.3838
Slightly volatile
Price To Operating Cash Flows Ratio12.4816.254819.0272
Very volatile
Price To Free Cash Flows Ratio19.9218.972122.0372
Very volatile
Pretax Profit Margin0.310.2580.2706
Slightly volatile
Ebt Per Ebit0.960.80440.7836
Slightly volatile
Operating Profit Margin0.470.32070.4282
Pretty Stable
Company Equity Multiplier2.862.27962.3284
Slightly volatile
Long Term Debt To Capitalization0.590.51690.5244
Slightly volatile
Total Debt To Capitalization0.610.53370.535
Slightly volatile
Return On Capital Employed0.06390.04460.0469
Very volatile
Debt Equity Ratio1.531.14441.196
Slightly volatile
Ebit Per Revenue0.470.32070.4282
Pretty Stable
Quick Ratio1.31.87881.8349
Slightly volatile
Dividend Paid And Capex Coverage Ratio2.32.19452.224
Slightly volatile
Net Income Per E B T0.780.94220.9278
Very volatile
Cash Ratio1.191.13490.5664
Slightly volatile
Operating Cash Flow Sales Ratio0.40.58710.5439
Pretty Stable
Days Of Sales Outstanding57.3238.179536.7015
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.90.85680.8467
Slightly volatile
Cash Flow Coverage Ratios0.0960.15790.1215
Slightly volatile
Price To Book Ratio1.912.93782.5939
Pretty Stable
Fixed Asset Turnover27.4926.183718.3795
Slightly volatile
Price Cash Flow Ratio12.4816.254819.0272
Very volatile
Enterprise Value Multiple13.9420.11419.6297
Very volatile
Debt Ratio0.420.5020.4973
Slightly volatile
Cash Flow To Debt Ratio0.0960.15790.1215
Slightly volatile
Price Sales Ratio6.349.542810.4606
Pretty Stable
Return On Assets0.0230.03280.0277
Slightly volatile
Asset Turnover0.130.1350.1114
Slightly volatile
Net Profit Margin0.180.24310.2454
Slightly volatile
Gross Profit Margin0.750.38290.6875
Slightly volatile
Price Fair Value1.912.93782.5939
Pretty Stable
Return On Equity0.0810.07480.0637
Slightly volatile

Essex Property Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap16.7 B15.9 B13 B
Slightly volatile
Enterprise Value22.9 B21.8 B17.8 B
Slightly volatile

Essex Fundamental Market Drivers

Forward Price Earnings44.0529
Cash And Short Term Investments400.3 M

Essex Upcoming Events

6th of February 2024
Upcoming Quarterly Report
View
25th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
6th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Essex Property Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Essex Property income statement, its balance sheet, and the statement of cash flows. Essex Property investors use historical funamental indicators, such as Essex Property's revenue or net income, to determine how well the company is positioned to perform in the future. Although Essex Property investors may use each financial statement separately, they are all related. The changes in Essex Property's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Essex Property's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Essex Property Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Essex Property. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue176.4 M185.2 M
Total Revenue1.7 B1.8 B
Cost Of RevenueB1.1 B
Stock Based Compensation To Revenue 0  0.01 
Sales General And Administrative To Revenue 0.04  0.07 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0.08)(0.09)
Revenue Per Share 25.98  27.28 
Ebit Per Revenue 0.32  0.47 

Pair Trading with Essex Property

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Essex Property position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Essex Property will appreciate offsetting losses from the drop in the long position's value.

Moving together with Essex Stock

  0.71FCPT Four Corners Property Financial Report 6th of May 2024 PairCorr
  0.88AVB AvalonBay Communities Earnings Call This WeekPairCorr

Moving against Essex Stock

  0.52OPI Office Properties Financial Report 24th of April 2024 PairCorr
The ability to find closely correlated positions to Essex Property could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Essex Property when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Essex Property - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Essex Property Trust to buy it.
The correlation of Essex Property is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Essex Property moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Essex Property Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Essex Property can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Essex Property Trust is a strong investment it is important to analyze Essex Property's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Essex Property's future performance. For an informed investment choice regarding Essex Stock, refer to the following important reports:
Check out the analysis of Essex Property Correlation against competitors.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Essex Stock analysis

When running Essex Property's price analysis, check to measure Essex Property's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Essex Property is operating at the current time. Most of Essex Property's value examination focuses on studying past and present price action to predict the probability of Essex Property's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Essex Property's price. Additionally, you may evaluate how the addition of Essex Property to your portfolios can decrease your overall portfolio volatility.
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Is Essex Property's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Essex Property. If investors know Essex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Essex Property listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.64)
Dividend Share
9.24
Earnings Share
6.33
Revenue Per Share
26.146
Quarterly Revenue Growth
(0.04)
The market value of Essex Property Trust is measured differently than its book value, which is the value of Essex that is recorded on the company's balance sheet. Investors also form their own opinion of Essex Property's value that differs from its market value or its book value, called intrinsic value, which is Essex Property's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Essex Property's market value can be influenced by many factors that don't directly affect Essex Property's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Essex Property's value and its price as these two are different measures arrived at by different means. Investors typically determine if Essex Property is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essex Property's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.