ESS
Income statement / Annual
Last year (2023), Essex Property Trust, Inc.'s total revenue was $1.67 B,
an increase of 3.89% from the previous year.
In 2023, Essex Property Trust, Inc.'s net income was $405.83 M.
See Essex Property Trust, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$1.67 B
|
$1.61 B
|
$1.44 B
|
$1.50 B
|
$1.46 B
|
$1.40 B
|
$1.36 B
|
$1.29 B
|
$1.19 B
|
$969.31 M
|
| Cost of Revenue |
$1.03 B |
$507.97 M |
$481.45 M |
$474.97 M |
$430.59 M |
$416.40 M |
$405.54 M |
$388.93 M |
$363.51 M |
$310.91 M |
| Gross Profit |
$639.26 M |
$1.10 B |
$959.11 M |
$1.02 B |
$1.03 B |
$983.66 M |
$958.36 M |
$905.07 M |
$830.90 M |
$658.39 M |
| Gross Profit Ratio |
0.38 |
0.68 |
0.67 |
0.68 |
0.71 |
0.7 |
0.7 |
0.7 |
0.7 |
0.68 |
| Research and Development
Expenses |
$0.00
|
$0.27
|
$0.36
|
$0.41
|
$0.32
|
$0.29
|
$0.34
|
$0.34
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$63.47 M
|
$56.58 M
|
$51.84 M
|
$65.39 M
|
$54.26 M
|
$53.45 M
|
$41.39 M
|
$40.75 M
|
$40.09 M
|
$40.88 M
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$63.47 M
|
$56.58 M
|
$51.84 M
|
$65.39 M
|
$54.26 M
|
$53.45 M
|
$41.39 M
|
$40.75 M
|
$40.09 M
|
$40.88 M
|
| Other Expenses |
$789.90 M |
$538.94 M |
$520.07 M |
$525.50 M |
$483.75 M |
$479.88 M |
$468.88 M |
$441.68 M |
$453.42 M |
$360.59 M |
| Operating Expenses |
$103.82 M |
$595.52 M |
$571.90 M |
$590.89 M |
$538.01 M |
$533.34 M |
$510.27 M |
$482.43 M |
$493.51 M |
$401.47 M |
| Cost And Expenses |
$1.13 B |
$1.10 B |
$1.05 B |
$1.07 B |
$968.61 M |
$949.73 M |
$915.81 M |
$871.36 M |
$857.02 M |
$712.38 M |
| Interest Income |
$46.26 M |
$20.12 M |
$98.74 M |
$41.00 M |
$39.00 M |
$26.87 M |
$24.60 M |
$27.31 M |
$19.14 M |
$10.76 M |
| Interest Expense |
$212.91 M |
$196.89 M |
$192.35 M |
$209.90 M |
$208.89 M |
$211.79 M |
$212.80 M |
$207.94 M |
$199.17 M |
$164.55 M |
| Depreciation &
Amortization |
$548.44 M
|
$1.02 B
|
$1.03 B
|
$820.20 M
|
$932.83 M
|
$953.68 M
|
$827.17 M
|
$871.36 M
|
$453.42 M
|
$360.59 M
|
| EBITDA |
$1.13 B
|
$1.13 B
|
$1.05 B
|
$1.02 B
|
$964.86 M
|
$930.01 M
|
$915.40 M
|
$898.18 M
|
$810.26 M
|
$643.63 M
|
| EBITDA Ratio |
0.68 |
0.69 |
0.78 |
0.87 |
0.79 |
0.75 |
0.82 |
0.73 |
0.72 |
0.69 |
| Operating Income Ratio
|
0.35
|
0.37
|
0.37
|
0.52
|
0.46
|
0.32
|
0.33
|
0.33
|
0.28
|
0.21
|
| Total Other
Income/Expenses Net |
-$153.63 M
|
-$162.24 M
|
$1.36 M
|
$109.42 M
|
-$15.21 M
|
-$98.39 M
|
-$14.90 M
|
$22.02 M
|
-$82.94 M
|
-$67.08 M
|
| Income Before Tax |
$430.71 M |
$422.75 M |
$531.36 M |
$600.86 M |
$465.91 M |
$413.60 M |
$458.04 M |
$442.82 M |
$248.24 M |
$134.44 M |
| Income Before Tax Ratio
|
0.26
|
0.26
|
0.37
|
0.4
|
0.32
|
0.3
|
0.34
|
0.34
|
0.21
|
0.14
|
| Income Tax Expense |
-$299.67 M |
-$10.24 M |
$15.67 M |
$1.53 M |
$1.46 M |
$183.96 M |
$412.87 M |
$4.41 M |
$271.17 M |
$216.73 M |
| Net Income |
$405.83 M |
$408.32 M |
$488.55 M |
$568.87 M |
$439.29 M |
$390.15 M |
$433.06 M |
$414.98 M |
$232.12 M |
$122.15 M |
| Net Income Ratio |
0.24 |
0.25 |
0.34 |
0.38 |
0.3 |
0.28 |
0.32 |
0.32 |
0.19 |
0.13 |
| EPS |
6.32 |
6.27 |
7.51 |
8.69 |
6.67 |
5.91 |
6.58 |
6.28 |
3.5 |
2.07 |
| EPS Diluted |
6.32 |
6.27 |
7.51 |
8.68 |
6.66 |
5.9 |
6.57 |
6.27 |
3.49 |
2.06 |
| Weighted Average Shares
Out |
$64.25 M
|
$65.08 M
|
$65.05 M
|
$65.45 M
|
$65.84 M
|
$66.04 M
|
$65.83 M
|
$65.47 M
|
$64.87 M
|
$56.55 M
|
| Weighted Average Shares
Out Diluted |
$64.25 M
|
$65.10 M
|
$65.09 M
|
$65.56 M
|
$65.94 M
|
$66.09 M
|
$65.90 M
|
$65.59 M
|
$65.06 M
|
$56.70 M
|
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