ESS
Essex Property Trust Inc
NYSE: ESS · REAL ESTATE · REIT - RESIDENTIAL
$264.92
-1.10% today
Updated 2026-04-29
Market cap
$18.32B
P/E ratio
29.77
P/S ratio
9.46x
EPS (TTM)
$8.90
Dividend yield
—
52W range
$236 – $285
Volume
0.5M
Essex Property Trust Inc (ESS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $339.80M | $379.05M | $408.43M | $411.39M | $410.28M | $467.44M | $535.15M | $610.59M | $970.94M | $1.19B | $1.29B | $1.36B | $1.40B | $1.46B | $1.50B | $1.44B | $1.61B | $1.67B | $1.77B | $1.90B |
| Revenue growth (YoY) | — | +11.6% | +7.8% | +0.7% | -0.3% | +13.9% | +14.5% | +14.1% | +59.0% | +23.0% | +8.3% | +5.4% | +2.7% | +4.3% | +2.4% | -3.7% | +11.5% | +3.9% | +6.3% | +7.1% |
| Cost of revenue | $221.94M | $123.02M | $132.42M | $139.71M | $145.87M | $162.12M | $172.17M | $197.34M | $312.55M | $363.51M | $169.27M | $176.47M | $183.63M | $189.24M | $211.58M | $232.25M | $497.74M | $532.05M | $566.82M | $592.61M |
| Gross profit | $339.80M | $256.03M | $276.02M | $271.68M | $264.41M | $305.32M | $362.99M | $413.25M | $658.39M | $830.90M | $1.12B | $1.19B | $1.22B | $1.27B | $1.28B | $1.21B | $1.11B | $1.14B | $1.21B | $1.31B |
| Gross margin | 100.0% | 67.5% | 67.6% | 66.0% | 64.4% | 65.3% | 67.8% | 67.7% | 67.8% | 69.6% | 86.9% | 87.1% | 86.9% | 87.0% | 85.9% | 83.9% | 69.0% | 68.1% | 68.1% | 68.8% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $22.23M | $26.27M | $26.27M | $26.98M | $25.96M | $20.69M | $23.31M | $25.60M | $40.88M | $40.09M | $40.75M | $41.38M | $53.45M | $54.26M | $65.39M | $51.84M | $56.58M | $63.47M | $98.90M | $68.65M |
| Operating income | $47.66M | $49.32M | $137.98M | $112.50M | $110.63M | $134.62M | $167.03M | $188.71M | $201.51M | $331.17M | $420.80M | $472.94M | $511.99M | $481.11M | $491.44M | $530.00M | $595.23M | $584.34M | $703.10M | $834.03M |
| Operating margin | 14.0% | 13.0% | 33.8% | 27.3% | 27.0% | 28.8% | 31.2% | 30.9% | 20.8% | 27.7% | 32.5% | 34.7% | 36.6% | 32.9% | 32.9% | 36.8% | 37.0% | 35.0% | 39.6% | 43.9% |
| EBITDA | $203.59M | $222.08M | $279.01M | $249.59M | $266.46M | $302.67M | $410.23M | $450.92M | $659.58M | $906.49M | $1.32B | $1.38B | $1.35B | $1.41B | $1.61B | $1.50B | $1.20B | $1.19B | $1.63B | $1.56B |
| EBITDA margin | 59.9% | 58.6% | 68.3% | 60.7% | 64.9% | 64.8% | 76.7% | 73.9% | 67.9% | 75.9% | 102.3% | 101.1% | 96.2% | 96.5% | 107.7% | 104.4% | 74.4% | 71.4% | 91.7% | 82.2% |
| EBIT | $120.56M | $121.69M | $165.71M | $131.07M | $131.92M | $138.65M | $239.54M | $257.41M | $298.99M | $453.07M | $882.13M | $910.01M | $866.86M | $924.60M | $1.08B | $983.68M | $656.82M | $643.61M | $1.05B | $955.21M |
| Interest expense | $0.00 | $78.94M | $85.06M | $86.02M | $82.76M | $91.69M | $111.89M | $116.52M | $164.55M | $204.83M | $219.65M | $222.89M | $220.49M | $217.34M | $220.63M | $203.13M | $223.84M | $212.91M | $235.53M | $257.25M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $62.75M | $115.64M | $65.35M | $37.11M | $35.93M | $47.07M | $125.28M | $156.28M | $122.15M | $232.12M | $414.98M | $433.06M | $390.15M | $439.29M | $568.87M | $488.55M | $408.31M | $405.82M | $741.52M | $672.49M |
| Net income growth (YoY) | — | +84.3% | -43.5% | -43.2% | -3.2% | +31.0% | +166.2% | +24.7% | -21.8% | +90.0% | +78.8% | +4.4% | -9.9% | +12.6% | +29.5% | -14.1% | -16.4% | -0.6% | +82.7% | -9.3% |
| Profit margin | 18.5% | 30.5% | 16.0% | 9.0% | 8.8% | 10.1% | 23.4% | 25.6% | 12.6% | 19.4% | 32.1% | 31.8% | 27.9% | 30.1% | 38.0% | 33.9% | 25.4% | 24.3% | 41.8% | 35.4% |