Essex Property Financial Statements
NYSE: ESSReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Essex Property revenue and earnings
In fiscal 2025, Essex Property generated $1.89 billion in revenue, up 6.4% from fiscal 2024, its 4th consecutive year of revenue growth. Net income was $702.8 million (-13.4% year over year), for a net margin of 37.2% versus a median of 35.8% in the prior 5 years. Gross margin was 69.9% (down from 70.0%) and operating margin 47.6%.
Diluted earnings per share came in at $10.40, down from $11.54. Over the last 5 fiscal years, ESS's revenue has grown at a 4.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Essex Property income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.89B | 1.77B | 1.67B | 1.61B | 1.44B | 1.50B | 1.46B | 1.40B | 1.36B | 1.29B |
| Revenue growth (YoY) | +6.36% | +6.29% | +3.89% | +11.54% | -3.69% | +2.44% | +4.29% | +2.65% | +5.40% | +8.34% |
| Gross Profit | 1.32B | 1.24B | 1.17B | 1.13B | — | — | — | — | — | — |
| Operating Expenses | 419.66M | 539.55M | 586.16M | 533.18M | — | — | — | — | — | — |
| Operating Income | 899.32M | 703.10M | 584.34M | 595.23M | 530.00M | 491.44M | 481.11M | 511.99M | 472.94M | 420.80M |
| Interest Expense | 258.40M | 235.53M | 212.91M | 204.80M | 203.13M | 220.63M | 217.34M | 220.49M | 222.89M | 219.65M |
| Net Income | 702.77M | 811.31M | 430.71M | 432.99M | 515.69M | 599.33M | 464.45M | 390.15M | 433.06M | 414.98M |
| Net Income growth (YoY) | -13.38% | +88.37% | -0.53% | -16.04% | -13.96% | +29.04% | +19.04% | -9.91% | +4.36% | +78.78% |
| EPS (Basic) | 10.40 | 11.55 | 6.32 | 6.27 | 7.51 | 8.69 | 6.67 | 5.91 | 6.58 | 6.28 |
| EPS (Diluted) | 10.40 | 11.54 | 6.32 | 6.27 | 7.51 | 8.69 | 6.66 | 5.90 | 6.57 | 6.27 |
| Shares Outstanding (Basic) | 64.38M | 64.23M | 64.25M | 65.08M | 65.05M | 65.45M | 65.84M | 66.04M | 65.83M | 65.47M |
| Shares Outstanding (Diluted) | 64.40M | 64.25M | 64.25M | 65.10M | 65.09M | 65.56M | 65.94M | 66.09M | 65.90M | 65.59M |
| EBITDA | 1.51B | 1.28B | 1.13B | 1.13B | 1.05B | 1.02B | 964.86M | 991.87M | 941.83M | 862.48M |
| Gross Margin | 69.89% | 70.03% | 70.12% | 70.23% | — | — | — | — | — | — |
| Operating Margin | 47.65% | 39.62% | 35.00% | 37.04% | 36.79% | 32.86% | 32.95% | 36.57% | 34.68% | 32.52% |
| Net Margin | 37.24% | 45.72% | 25.80% | 26.95% | 35.80% | 40.07% | 31.81% | 27.87% | 31.75% | 32.07% |
This table shows 10 annual periods of Essex Property's income statement, from FY 2025 back to FY 2016, across 15 line items including revenue, gross profit, operating expenses. Values in USD; B = billions, M = millions. Fiscal periods follow ESS's reporting calendar. What is a income statement?