ESS
Essex Property Trust Inc.Stock · Real EstateUS REITs 0.9% · S&P 500 Equal Weight 0.2% · S&P 500 0.03% · Russell 1000 0.03% · Russell 3000 0.03% · US Stock Market 0.03% · MSCI World 0.02% · MSCI ACWI 0.02%$270.05-0.28%
as of market close, Sep 18, 2026
☾ AH — —
ESS financial statements
The full income statement, balance sheet, and cash-flow statement for Essex Property Trust Inc. (ESS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 64.2M2024-09 64.3M2024-12 64.3M2025-03 64.4M2025-06 64.4M2025-09 64.4M2025-12 64.5M2026-03 64.3M2026-06 64.3M+0.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.89B+6.4% | 1.77B+6.3% | 1.67B+3.9% | 1.61B+11.5% | 1.44B-3.7% | ||
| Lease income | 1.88B+6.4% | 1.76B+6.4% | 1.66B+3.9% | 1.60B+11.5% | 1.43B-3.7% | |
| Gross profit | 1.32B+6.1% | 1.24B+6.2% | 1.17B+3.7% | 1.13B | — | |
| Selling, general & administrative | 71.9M-27.3% | 98.9M+55.8% | 63.5M+12.2% | 56.6M+9.1% | 51.8M-20.7% | |
| General & administrative | 71.9M-27.3% | 98.9M+55.8% | 63.5M+12.2% | 56.6M+9.1% | 51.8M-20.7% | |
| Operating income | 899M+27.9% | 703M+20.3% | 584M-1.8% | 595M+12.3% | 530M+7.8% | |
| Interest expense | 258M+9.7% | 236M+10.6% | 213M+4.0% | 205M+0.8% | 203M-7.9% | |
| Equity-method income | 35.5M-26.4% | 48.2M+356.5% | 10.6M-59.4% | 26.0M-76.7% | 112M+68.0% | |
| Gain (loss) on equity securities | — | — | — | -58.0M-275.2% | 33.1M+164.5% | |
| 703M-13.4% | 811M+88.4% | 431M-0.5% | 433M-16.0% | 516M-14.0% | ||
| Income from continuing operations | — | — | — | — | 489M-14.1% | |
| Net income to non-controlling interest | 33.1M-52.6% | 69.8M+180.4% | 24.9M+0.9% | 24.7M-9.1% | 27.1M-10.9% | |
| Net income to common | 670M-9.7% | 742M+82.7% | 406M-0.6% | 408M-16.4% | 489M-14.1% | |
| $10.40-9.9% | $11.54+82.6% | $6.32+0.8% | $6.27-16.5% | $7.51-13.6% | ||
| EPS (basic) | $10.40-10.0% | $11.55+82.8% | $6.32+0.8% | $6.27-16.5% | $7.51-13.6% | |
| Weighted-avg shares (basic) | 64.4M+0.2% | 64.2M-0.0% | 64.3M-1.3% | 65.1M+0.0% | 65.1M-0.6% | |
| Weighted-avg shares (diluted) | 64.4M+0.2% | 64.3M-0.0% | 64.3M-1.3% | 65.1M+0.0% | 65.1M-0.7% | |
| Dividends per share | $10.28+4.9% | $9.80+6.1% | $9.24+5.0% | $8.80+5.3% | $8.36+0.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 76.2M+14.1% | 66.8M-82.9% | 392M+1076.6% | 33.3M-31.2% | 48.4M-34.2% | |
| Cash & short-term investments | — | — | 400M+838.0% | 42.7M-27.2% | 58.6M-30.2% | |
| 13.2B+1.8% | 12.9B+4.6% | 12.4B-0.1% | 12.4B-4.8% | 13.0B+0.5% | ||
| Operating lease right-of-use | 50.8M-1.4% | 51.6M-19.1% | 63.8M-5.2% | 67.2M-2.5% | 69.0M-4.4% | |
| Intangible assets | 7.50M-2.6% | 7.70M+26.2% | 6.10M-17.6% | 7.40M-16.9% | 8.90M+89.4% | |
| 7.42B+3.4% | 7.18B+6.5% | 6.74B+4.4% | 6.45B-5.0% | 6.79B+1.0% | ||
| Long-term debt | — | — | — | — | 639M-0.7% | |
| Operating lease liability (total) | 51.5M-1.9% | 52.5M-19.4% | 65.1M-5.2% | 68.7M-2.8% | 70.7M-4.5% | |
| 5.54B+0.1% | 5.54B+2.1% | 5.42B-5.1% | 5.72B-4.6% | 5.99B-0.1% | ||
| Common stock | 6.00K+0.0% | 6.00K+0.0% | 6.00K+0.0% | 6.00K-14.3% | 7.00K+16.7% | |
| Additional paid-in capital | 6.68B+0.2% | 6.67B+0.2% | 6.66B-1.4% | 6.75B-2.4% | 6.92B+0.6% | |
| Accumulated other comprehensive income | 6.05M-75.5% | 24.7M-26.5% | 33.6M-27.8% | 46.5M+936.9% | -5.55M+62.3% | |
| Non-controlling interest | 167M-8.8% | 183M+7.1% | 171M-4.2% | 179M-2.3% | 183M+0.1% | |
| Total equity incl. non-controlling | 5.71B-0.2% | 5.72B+2.3% | 5.59B-5.1% | 5.90B-4.6% | 6.18B-0.1% | |
| Total liabilities & equity | 13.2B+1.8% | 12.9B+4.6% | 12.4B-0.1% | 12.4B-4.8% | 13.0B+0.5% | |
| Common shares issued | 64.4M+0.3% | 64.3M+0.1% | 64.2M-0.6% | 64.6M-1.0% | 65.2M+0.4% | |
| Common shares outstanding | 64.4M+0.3% | 64.3M+0.1% | 64.2M-0.6% | 64.6M-1.0% | 65.2M+0.4% | |
| Shares outstanding (cover) | 64.5M+0.2% | 64.3M+0.2% | 64.2M-0.5% | 64.5M-1.2% | 65.3M+0.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.07B+0.6% | 1.07B+9.0% | 980M+0.5% | 976M+7.8% | 905M+12.7% | ||
| Depreciation & amortization | 608M+4.7% | 580M+5.8% | 548M+1.7% | 539M+3.7% | 520M-1.0% | |
| Share-based compensation | 9.64M+34.7% | 7.16M-10.9% | 8.03M+11.4% | 7.21M-1.4% | 7.31M-10.4% | |
| -552M+43.2% | -973M-570.4% | -145M-199.4% | 146M+136.7% | -397M+4.7% | ||
| Capital expenditure | 832M-11.6% | 940M+3647.1% | 25.1M+14.8% | 21.9M-85.8% | 153M-66.7% | |
| Free cash flow | 243M+89.9% | 128M-86.6% | 955M+0.1% | 954M+26.9% | 752M+119.4% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| -512M-22.0% | -420M+12.1% | -477M+58.0% | -1.14B-113.3% | -533M-39.1% | ||
| Long-term debt issued | 1.15B+106.9% | 555M-7.2% | 598M | 0.00-100.0% | 746M-48.7% | |
| Long-term debt repaid | 809M+100.6% | 403M+33.3% | 302M+368.6% | 64.5M-93.9% | 1.05B+15.0% | |
| Common stock issued | -391K-32.1% | -296K+14.7% | -347K-10.5% | -314K+31.0% | -455K-53.7% | |
| Common stock repurchased | 0.00 | 0.00-100.0% | 95.7M-49.6% | 190M+1968.5% | 9.17M-96.6% | |
| Dividends paid | 654M+5.4% | 620M+5.7% | 587M+3.7% | 566M+4.2% | 543M+1.3% | |
| Net change in cash | 9.74M+103.0% | -324M-190.7% | 358M+2341.4% | -16.0M+37.2% | -25.4M-962.0% | |
| Interest paid | 253M+13.2% | 223M+7.8% | 207M+4.4% | 198M+2.1% | 194M-8.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 16.9B-8.1% | 18.4B+15.4% | 15.9B+16.0% | 13.7B-40.3% | 23.0B+49.0% | |
| P/E | 24.0×+6.1% | 22.6×-21.1% | 28.7×-19.9% | 35.8×-19.6% | 44.6×+73.2% | |
| P/S | 8.9×-13.6% | 10.3×+8.1% | 9.6×+9.0% | 8.8×-45.0% | 16.0×+54.7% | |
| P/B | 3.0×-8.2% | 3.3×+15.3% | 2.9×+19.6% | 2.4×-37.3% | 3.8×+49.2% | |
| P/FCF | 69.5×-51.6% | 143.6×+729.6% | 17.3×+19.1% | 14.5×-52.5% | 30.6×-32.1% | |
| Earnings yield | 4.2%-5.7% | 4.4%+26.8% | 3.5%+24.9% | 2.8%+24.4% | 2.2%-42.3% | |
| FCF yield | 1.4%+106.6% | 0.70%-87.9% | 5.8%-16.1% | 6.9%+110.5% | 3.3%+47.2% | |
| Dividend yield | 3.9%+14.4% | 3.4%-7.9% | 3.7%-10.3% | 4.2%+75.0% | 2.4%-32.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: ESS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ESS filings on SEC EDGAR → Not investment advice.