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ESS · NYSE · REIT - Residential

Essex Property Trust (ESS)

Owns and operates apartment communities across California and metropolitan Seattle.

$274.61

vs last close+3.22 (+1.19%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	419	422	439	442	462	454	478	470	473	480	485	489
Cost of revenue	58	59	138	137	146	389	151	147	143	151	141	154
Gross profit	361	363	302	305	316	66	327	322	330	329	344	335
	229	233	169	168	187	−239	70	43	178	183	188	227
	15	20	17	21	29	32	16	17	18	17	33	60
General & administrative	15	20	17	21	29	32	16	17	18	17	33	60
Other expenses	214	213	152	146	158	−270	53	26	160	166	155	167
Operating income	132	130	132	137	129	304	257	280	152	146	155	108
	38	15	153	−38	−3	−3	−44	−48	21	−65	−43	−41
Interest income	4	17	57	10	11	3	4	7	6	0	1	9
Interest expense	54	55	56	59	59	61	63	65	65	65	64	67
Other non-operating income	−92	−70	−12	−21	−12	185	98	−17	−84	0	−21	−26
Income before tax	170	145	285	99	125	302	213	232	173	81	112	67
Income tax expense	0	0	0	0	0	0	0	0	0	0	0	0
Net income from continuing operations	170	145	285	99	125	302	213	232	173	81	112	67
Other adjustments	−77	−75	0	0	0	0	0	0	0	0	0	0
Net income	87	65	273	93	118	257	203	221	165	83	106	62
EPS, basic	$1.36	$1.02	$4.25	$1.45	$1.84	$4.01	$3.16	$3.44	$2.56	$1.25	$1.65	$0.97
EPS, diluted	$1.36	$1.02	$4.25	$1.45	$1.84	$4.01	$3.16	$3.44	$2.56	$1.25	$1.65	$0.97
Weighted average shares, basic	64	64	64	64	64	64	64	64	64	64	64	64
Weighted average shares, diluted	64	64	64	64	64	64	64	64	64	64	64	64
EBITDA	362	338	284	304	287	268	311	448	388	299	331	288
Depreciation & amortization	137	138	140	146	146	148	151	152	151	153	155	154
EBIT	224	200	145	158	140	120	159	297	236	146	176	134