Essex Property Trust (ESS) financial statements
Essex Property Trust reported revenue of $9M in fiscal 2025, down 42.2% a year over 9 years.
Net income was $670M and the operating margin 9586.6%, against 32.5% in 2016.
Free cash flow was $934M.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Essex Property Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | $9M | $10M | $10M | $9M | $11M | $11M | $10M | $9M |
| Gross profit | — | — | — | — | — | — | $1.1B | $1.2B | $1.2B | $1.3B |
| Selling, general and admin | $41M | $41M | $53M | $54M | $65M | $52M | $57M | $63M | $99M | $72M |
| Operating income | $421M | $473M | $512M | $481M | $491M | $530M | $595M | $584M | $703M | $899M |
| Interest expense | $220M | $223M | $220M | $217M | $221M | $203M | $205M | $213M | $236M | $258M |
| Net income | $415M | $433M | $390M | $439M | $569M | $489M | $408M | $406M | $742M | $670M |
| EPS (diluted) | $6.27 | $6.57 | $5.90 | $6.66 | $8.69 | $7.51 | $6.27 | $6.32 | $11.54 | $10.40 |
| Diluted shares | 66M | 66M | 66M | 66M | 66M | 65M | 65M | 64M | 64M | 64M |
| Gross margin | — | — | — | — | — | — | 10130.2% | 10515.7% | 12105.7% | 14060.1% |
| Operating margin | 32.5% | 34.7% | 5575.4% | 5050.0% | 5120.2% | 5799.9% | 5343.6% | 5249.7% | 6849.4% | 9586.6% |
| Net margin | 32.1% | 31.8% | 4248.6% | 4611.0% | 5927.0% | 5346.4% | 3665.6% | 3645.9% | 7223.8% | 7138.5% |
Balance sheet
Fiscal years, from Essex Property Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $170M | $61M | $151M | $81M | $84M | $59M | $43M | $400M | $67M | $76M |
| Total assets | $12.2B | $12.5B | $12.4B | $12.7B | $12.9B | $13.0B | $12.4B | $12.4B | $12.9B | $13.2B |
| Total liabilities | $5.9B | $6.1B | $6.0B | $6.3B | $6.7B | $6.8B | $6.5B | $6.7B | $7.2B | $7.4B |
| Shareholders' equity | $6.2B | $6.3B | $6.3B | $6.2B | $6.0B | $6.0B | $5.7B | $5.4B | $5.5B | $5.5B |
| Net debt | -$65M | -$45M | -$134M | -$70M | -$74M | -$48M | -$33M | -$392M | -$67M | -$76M |
Cash flow
Fiscal years, from Essex Property Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $717M | $770M | $827M | $919M | $803M | $905M | $976M | $980M | $1.1B | $1.1B |
| Capital spending | $65M | $73M | $82M | $102M | $90M | $121M | $163M | $140M | $136M | $140M |
| Free cash flow | $652M | $697M | $745M | $817M | $713M | $784M | $812M | $840M | $932M | $934M |
| Stock-based compensation | $10M | $9M | $7M | $7M | $8M | $7M | $7M | $8M | $7M | $10M |
| Share buybacks (net) | -$1M | $0 | -$51M | -$57M | -$269M | -$9M | -$190M | -$96M | $0 | $0 |
| Net borrowing | $137M | $37M | $68M | $19M | $537M | -$308M | -$65M | $296M | $152M | $340M |
| Free cash flow margin | 50.4% | 51.1% | 8111.4% | 8579.7% | 7428.9% | 8580.3% | 7293.8% | 7543.7% | 9078.5% | 9957.1% |
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Open ESS in InvestinglyQuestions
What was Essex Property Trust's revenue in 2025?
$9M in fiscal 2025, from its 10-K filing.
How much free cash flow does Essex Property Trust generate?
$934M in fiscal 2025 (operating cash flow minus capital spending).
From Essex Property Trust's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.