← ESSEX PROPERTY TRUST, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.3b | $1.4b | $1.4b | $1.5b | $9.6m | $9.1m | $11.1m | $11.1m | $10.3m | $9.4m | |
| Revenues: | |||||||||||
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $1.4b | — | — | — | — | — | — | — | |
| Gross Profit | — | — | — | — | — | — | — | — | $1.2b | $1.3b | |
| Operating expenses: | |||||||||||
| Operating Income (Loss) | $420.8m | $446.5m | $450.1m | $481.1m | $491.4m | $530.0m | $595.2m | $584.3m | $703.1m | $899.3m | |
| Additional Financial Items | |||||||||||
| Income (Loss) from Equity Method Investments | $48.7m | $86.4m | $89.1m | $112.1m | $66.5m | $111.7m | $26.0m | $10.6m | $48.2m | $35.5m | |
| Operating Lease, Lease Income | — | — | — | $1.5b | $1.5b | $1.4b | $1.6b | $1.7b | $1.8b | $1.9b | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | $10.0m | $8.3m | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | — | $42.5m | — | |
| Gains (Losses) on Sales of Investment Real Estate | — | $26.4m | $61.9m | ($3.2m) | $65.0m | $143.0m | $94.4m | $59.2m | $175.6m | $299.5m | |
| Income (Loss) from Continuing Operations, Per Basic Share | $6 | $7 | — | — | — | — | — | — | — | — | |
| Interest and Other Income | $27.3m | $24.6m | $23.0m | $46.3m | $41.0m | $98.7m | $19.0m | $46.3m | $81.0m | $20.0m | |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss | $5.7m | $1.9m | — | — | — | — | $12.4m | — | — | — | |
| Preferred Stock Dividends, Income Statement Impact | $1.3m | $0 | $0 | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $411.1m | $433.1m | $390.2m | $439.3m | $568.9m | $488.6m | $408.3m | $405.8m | $741.5m | $669.7m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $438.4m | $458.0m | $413.6m | $464.4m | $599.3m | $515.7m | $433.0m | $430.7m | $69.8m | $33.1m | |
| Net Income (Loss) Attributable to Parent | $415.0m | $433.1m | $390.2m | $439.3m | $568.9m | $488.6m | $408.3m | $405.8m | $741.5m | $669.7m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $411.1m | $433.1m | $390.2m | $439.3m | $568.9m | $488.6m | $408.3m | $405.8m | $741.5m | $669.7m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $23.4m | $25.0m | $23.4m | $25.2m | $30.5m | $27.1m | $24.7m | $24.9m | $69.8m | $33.1m | |
| Earnings Per Share, Basic | $6.28 | $6.58 | $5.91 | $6.67 | $8.69 | $7.51 | $6.27 | $6.32 | $11.55 | $10.40 | |
| Earnings Per Share, Diluted | $6.27 | $6.57 | $5.90 | $6.66 | $8.69 | $7.51 | $6.27 | $6.32 | $11.54 | $10.40 | |
| Common Stock, Dividends, Per Share, Declared | $6.28 | $6.58 | $7.44 | $7.80 | $8.31 | $8.36 | $8.80 | $6.32 | $11.54 | $10.40 | |
| Weighted Average Number of Shares Outstanding, Basic | 65.5m | 65.8m | 66.0m | 65.8m | 65.5m | 65.1m | 65.1m | 64.3m | 64.2m | 64.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | 65.6m | 65.9m | 66.1m | 65.9m | 65.6m | 65.1m | 65.1m | 64.3m | 64.3m | 64.4m | |
| General and Administrative Expense | $40.8m | $41.4m | $53.5m | $54.3m | $65.4m | $51.8m | $56.6m | $63.5m | $98.9m | $71.9m | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $235.5m | $258.4m | |
| Business Combination, Acquisition Related Costs | $1.8m | $1.6m | $194k | $168k | $1.6m | $203k | $2.1m | $595k | $72k | $25k | |
| Direct Costs of Leased and Rented Property or Equipment | $249.8m | $259.2m | $233.8m | — | — | — | — | — | — | — | |
| Interest Expense | $219.7m | $222.9m | $220.5m | $217.3m | $220.6m | $203.1m | $204.8m | $212.9m | $235.5m | $258.4m | |
| Real Estate Tax Expense | $139.2m | $146.3m | $151.5m | $155.2m | $177.0m | $180.4m | $183.9m | $185.8m | $193.4m | $205.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.