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Essex Property Trust Inc

Real Estate US ESS

266.28USD
-1.56(0.58%)

Last update at 2024-05-16T16:54:00Z

Day Range

265.31269.00
LowHigh

52 Week Range

188.80251.48
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 422.75M 531.36M 600.86M 465.90M 413.60M
Minority interest -24.67000M -27.13700M 30.46M -25.16200M 23.45M
Net income 408.31M 488.55M 568.87M 439.29M 390.15M
Selling general administrative 56.58M 51.84M 65.39M 54.26M 53.45M
Selling and marketing expenses - - - - -
Gross profit 1098.84M 959.11M 1020.77M 1029.56M 983.66M
Reconciled depreciation 539.32M 520.07M 525.50M 483.75M 479.88M
Ebit 595.23M 530.00M 772.10M 674.22M 567.58M
Ebitda 1106.22M 1120.00M 1297.59M 1157.97M 1047.46M
Depreciation and amortization 510.99M 590.00M 525.50M 483.75M 479.88M
Non operating income net other 14.89M 202.23M 95.36M 170.60M 182.71M
Operating income 595.23M 530.00M 772.10M 674.22M 450.13M
Other operating expenses 1103.49M 1053.35M 1065.86M 968.61M 949.73M
Interest expense 196.89M 192.35M 209.90M 208.89M 211.78M
Tax provision -10.23600M 15.67M 1.53M 1.46M 0.00000M
Interest income 189.90M 18.11M 41.00M 46.30M 23.01M
Net interest income -176.77200M -93.60700M -168.90100M -171.04100M -197.48200M
Extraordinary items - - - - -
Non recurring 2.13M 0.20M 3.42M 7.27M 0.19M
Other items - - - - -
Income tax expense -10.23600M 15.67M 1.53M 1.46M 183.96M
Total revenue 1606.81M 1440.56M 1495.75M 1460.15M 1400.05M
Total operating expenses 595.51M 571.90M 590.88M 538.01M 533.34M
Cost of revenue 507.97M 481.45M 474.97M 430.59M 416.40M
Total other income expense net -172.48000M 1.36M -171.23200M -208.31700M 148.19M
Discontinued operations - - - - -
Net income from continuing ops 432.99M 515.69M 364.64M 432.91M 412.35M
Net income applicable to common shares 408.31M 488.55M 568.87M 439.29M 390.15M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 12372.91M 12997.87M 12936.18M 12705.41M 12383.60M
Intangible assets - - - 1.20M 0.10M
Earning assets - - - - -
Other current assets 9.39M 75.18M 57.75M 51.94M 56.37M
Total liab 6450.64M 6786.70M 6720.75M 6264.49M 5954.28M
Total stockholder equity 5716.37M 5993.60M 6000.41M 6220.43M 6267.07M
Deferred long term liab 5.10M 4.40M 3.70M 3.80M 3.90M
Other current liab -165.46100M -180.75100M -152.85500M -158.01700M 187.87M
Common stock 0.00600M 0.00700M 0.00600M 0.00700M 0.00700M
Capital stock 0.00600M 0.00700M 0.00600M 0.00700M 0.00700M
Retained earnings -1080.17600M -916.83300M -861.19300M -887.61900M -812.79600M
Other liab 37.84M 393.07M 36.74M 36.37M 33.38M
Good will - - - - -
Other assets 11135.49M 11761.43M 12667.44M 3.80M 3.90M
Cash 42.68M 58.64M 84.04M 81.09M 151.40M
Cash and equivalents 42.68M 48.42M 73.63M 70.09M 134.47M
Total current liabilities 52.07M 341.26M 182.70M 55.00M 314.96M
Current deferred revenue - - - - -
Net debt 5984.20M 6299.45M 6241.53M 5804.52M 5454.55M
Short term debt 52.07M 341.26M 55.00M 55.00M 515.66M
Short long term debt 52.07M 341.26M - 288.26M 515.66M
Short long term debt total 6026.88M 6358.09M 6325.57M 5885.61M 5605.94M
Other stockholder equity 6750.08M 6915.98M 6876.33M 7121.93M 7093.08M
Property plant equipment 10881.33M 11163.61M 11313.83M 10894.74M 10611.18M
Total current assets 258.47M 591.50M 484.85M 359.65M 472.27M
Long term investments 1127.49M 1177.80M 1075.95M 1335.34M 1300.14M
Net tangible assets 5743.52M 5993.60M 6032.65M 6257.84M 6302.55M
Short term investments 112.74M 191.83M 147.77M 144.19M 209.54M
Net receivables 103.05M 341.03M 195.10M 134.37M 71.89M
Long term debt 5958.18M 6287.41M 6282.95M 5802.78M 5665.29M
Inventory -9.38600M -10.21800M 57.94M 546.08M -16.93000M
Accounts payable 165.46M 180.75M 152.85M 158.02M 127.09M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 178.74M 182.91M 182.78M 183.08M 126.77M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 46.47M -5.55200M -14.72900M -13.88800M -13.21700M
Additional paid in capital - - - - -
Common stock total equity 0.00600M 0.00700M 0.00600M 0.00700M 0.00700M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 10919.71M 11159.60M 11361.17M 10935.67M 10611.18M
Deferred long term asset charges - - - - -
Non current assets total 12114.44M 12406.37M 12451.33M 12345.75M 11911.32M
Capital lease obligations 68.70M 70.67M 74.04M 76.74M -
Long term debt total 5958.18M 6287.41M 6282.95M 5802.78M 5665.29M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 238.24M -326.17600M -161.98600M -238.12700M -56.12100M
Change to liabilities -7.63900M 28.44M -9.63300M 31.76M 1.03M
Total cashflows from investing activities 145.96M -397.39700M -416.90000M -527.69100M -59.89300M
Net borrowings -356.36400M 745.50M 448.22M 61.37M -114.87500M
Total cash from financing activities -1137.56400M -533.26500M -383.26100M -461.68900M -676.39200M
Change to operating activities 14.81M 11.02M -2.98100M 7.96M -0.02800M
Net income 432.99M 515.69M 599.33M 464.45M 413.60M
Change in cash -15.95700M -25.40300M 2.95M -70.30100M 90.27M
Begin period cash flow 58.64M 84.04M 81.09M 151.40M 61.13M
End period cash flow 42.68M 58.64M 84.04M 81.09M 151.40M
Total cash from operating activities 975.65M 905.26M 803.11M 919.08M 826.55M
Issuance of capital stock - - - 72.54M -
Depreciation 539.32M 520.07M 525.50M 483.75M 479.88M
Other cashflows from investing activities 455.45M 314.91M 453.35M 174.48M 349.00M
Dividends paid -565.92400M -542.86000M -536.09800M -528.45900M 484.18M
Change to inventory - - - - -
Change to account receivables - - -3.68300M - -
Sale purchase of stock -190.04000M -9.62700M -269.61100M -56.98900M -52.15200M
Other cashflows from financing activities 1348.58M -72.53600M -74.01600M 2962.05M -35.64600M
Change to netincome 50.29M -119.41000M -279.75900M -32.10300M -46.25500M
Capital expenditures 163.19M 121.19M 90.08M 101.69M 81.68M
Change receivables -13.95300M -15.90200M -3.68300M -6.01200M -5.43600M
Cash flows other operating -32.06100M -33.16500M -16.24500M 0.04M 3.96M
Exchange rate changes - - - - -
Cash and cash equivalents changes -15.95700M -25.40300M 2.95M -70.30100M 90.27M
Change in working capital -2.45600M 33.32M -13.36300M 37.51M -0.17300M
Stock based compensation 7.21M 7.31M 8.16M 7.01M 7.13M
Other non cash items 8.83M -1.63100M -16.43500M -0.32300M -8.02300M
Free cash flow 812.46M 784.06M 713.02M 817.39M 744.87M

Fundamentals

  • Previous Close 267.84
  • Market Cap16334.45M
  • Volume65330
  • P/E Ratio30.13
  • Dividend Yield3.76%
  • EBITDA1110.76M
  • Revenue TTM1698.49M
  • Revenue Per Share TTM26.38
  • Gross Profit TTM 1122.74M
  • Diluted EPS TTM8.16

Peer Comparison

Sector: Real Estate Industry: REIT - Residential

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
ESS
Essex Property Trust Inc
-1.56 0.58% 266.28 30.13 40.98 9.62 2.85 12.97 16.74
AVB
AvalonBay Communities Inc
0.85 0.43% 199.31 28.56 34.97 9.75 2.25 12.45 17.28
EQR
Equity Residential
-0.07 0.10% 67.50 35.33 38.31 8.20 2.12 10.94 13.97
INVH
Invitation Homes Inc
-0.26 0.73% 35.39 42.22 44.44 8.97 2.05 12.04 19.45
SUI
Sun Communities Inc
2.35 1.99% 120.74 73.72 58.48 5.47 2.11 7.63 19.90

Reports Covered

Stock Research & News

Profile

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.

Essex Property Trust Inc

1100 Park Place, San Mateo, CA, United States, 94403

Key Executives

Name Title Year Born
Mr. Michael J. Schall CPA Pres, CEO & Director 1957
Ms. Barbara M. Pak CFA Exec. VP & CFO 1978
Ms. Angela L. Kleiman Sr. EVP, COO & Director 1971
Mr. Adam W. Berry Exec. VP & Chief Investment Officer 1974
Mr. John Farias Sr. VP & Chief Accounting Officer 1969
Rylan Burns VP of Fin. & Investor Relations NA
Ms. Anne M. Morrison Sr. VP, Sec. & Gen. Counsel NA
Sudarshana Rangachary Sr. VP of HR NA
Mr. Jeff Lambert Sr. VP of Devel. NA

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