Essex Property Trust, Inc.
Essex Property Trust, Inc. (ESS) Financial Performance & Income Statement Overview
View comprehensive annual and quarterly summaries for Essex Property Trust, Inc. (ESS), featuring income statements, balance sheets, and cash flow data.
Essex Property Trust, Inc. (ESS) Income Statement & Financial Overview
Explore comprehensive income reports for Essex Property Trust, Inc. ESS, broken down by year and quarter.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $464.58M | $454.47M | $450.70M | $442.36M |
| Cost of Revenue | $64.93M | $388.55M | $61.11M | $283.77M |
| Gross Profit | $399.66M | $65.92M | $389.59M | $158.59M |
| Gross Profit Ratio | $0.86 | $0.15 | $0.86 | $0.36 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $16.29M | $31.53M | $29.07M | $21.14M |
| Operating Expenses | $142.58M | -$238.58M | $260.80M | $165.94M |
| Total Costs & Expenses | $207.50M | $149.97M | $321.91M | $303.34M |
| Interest Income | $4.29M | $2.66M | $11.45M | $9.57M |
| Interest Expense | $62.73M | $61.24M | $59.23M | $59.12M |
| Depreciation & Amortization | $151.29M | $148.44M | $146.44M | $145.61M |
| EBITDA | $512.82M | $268.41M | $416.45M | $283.06M |
| EBITDA Ratio | $1.10 | $0.59 | $0.92 | $0.64 |
| Operating Income | $257.08M | $304.50M | $128.79M | $139.02M |
| Operating Income Ratio | $0.55 | $0.67 | $0.29 | $0.31 |
| Other Income/Expenses (Net) | $41.72M | -$245.77M | $81.99M | -$38.46M |
| Income Before Tax | $298.81M | $58.73M | $210.78M | $98.99M |
| Income Before Tax Ratio | $0.64 | $0.13 | $0.47 | $0.22 |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $133.87M |
| Net Income | $203.11M | $257.45M | $118.42M | $92.91M |
| Net Income Ratio | $0.44 | $0.57 | $0.26 | $0.21 |
| EPS | $3.16 | $4.01 | $1.84 | $1.45 |
| Diluted EPS | $3.16 | $4.01 | $1.84 | $1.45 |
| Weighted Avg Shares Outstanding | $64.31M | $64.23M | $64.23M | $64.21M |
| Weighted Avg Shares Outstanding (Diluted) | $64.31M | $64.25M | $64.27M | $64.23M |
Financial performance has remained strong, with revenue growing from $442.36M in Q2 2024 to $464.58M in Q1 2025. Gross profit continued to perform well, with margins at 86% in the latest quarter. Operating income reached $257.08M in Q1 2025, holding a steady 55% margin. While R&D and SG&A expenses fluctuated, EBITDA remained robust at $512.82M. Net income dropped to $203.11M, keeping EPS at $3.16. With disciplined cost control and operational efficiency, the company supported consistent profitability, reflecting its ability to deliver stable shareholder value.
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