Essex Property Quarterly Income Statement
NYSE: ESSReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Essex Property revenue and earnings
In the quarter ended Jun 30, 2026, Essex Property generated $489.0 million in revenue, up 4.1% from the same quarter a year earlier. Net income was $66.9 million (-71.1% year over year), for a net margin of 13.7% versus a median of 36.5% in the prior 5 quarters. Gross margin was 70.7% (flat year over year) and operating margin 22.4%.
Diluted earnings per share came in at $0.97, down from $3.44.
Summary generated from market data by MetaCap's automated system. Methodology
Essex Property income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 489.05M | 484.76M | 479.63M | 473.30M | 469.83M | 464.58M | 454.47M | 450.70M | 442.36M | 426.93M | 421.75M | 419.18M |
| Revenue growth (YoY) | +4.09% | +4.34% | +5.54% | +5.02% | +6.21% | +8.82% | +7.76% | +7.52% | +6.32% | +3.52% | +1.58% | +2.30% |
| Gross Profit | 345.71M | 341.19M | 335.82M | 327.51M | 332.18M | 323.47M | 318.34M | 313.34M | 313.25M | 297.72M | — | — |
| Operating Expenses | 236.34M | 185.99M | 183.69M | 117.11M | 52.48M | 66.39M | 13.85M | 184.55M | 175.80M | 165.36M | — | — |
| Operating Income | 109.37M | 155.19M | 152.14M | 210.40M | 279.70M | 257.08M | 304.50M | 128.79M | 137.45M | 132.36M | 130.34M | 131.78M |
| Interest Expense | 66.83M | 65.56M | 65.75M | 64.66M | 65.26M | 62.73M | 61.24M | 59.23M | 59.12M | 55.93M | 55.10M | 54.16M |
| Net Income | 66.93M | 112.21M | 85.75M | 172.72M | 231.53M | 212.78M | 301.69M | 125.49M | 98.99M | 285.14M | 70.35M | 93.01M |
| Net Income growth (YoY) | -71.09% | -47.27% | -71.58% | +37.64% | +133.90% | -25.38% | +328.85% | +34.92% | -6.40% | +76.45% | -63.78% | -5.77% |
| EPS (Basic) | 0.97 | 1.65 | 1.24 | 2.56 | 3.44 | 3.16 | 4.01 | 1.84 | 1.45 | 4.25 | 1.03 | 1.36 |
| EPS (Diluted) | 0.97 | 1.65 | 1.24 | 2.56 | 3.44 | 3.16 | 4.00 | 1.84 | 1.45 | 4.25 | 1.03 | 1.36 |
| Shares Outstanding (Basic) | 64.27M | 64.45M | — | 64.40M | 64.39M | 64.31M | — | 64.23M | 64.21M | 64.21M | — | 64.18M |
| Shares Outstanding (Diluted) | 64.28M | 64.46M | — | 64.42M | 64.41M | 64.35M | — | 64.27M | 64.23M | 64.21M | — | 64.19M |
| EBITDA | 263.45M | 310.09M | 305.40M | 361.89M | 431.20M | 408.37M | 452.93M | 275.23M | 283.06M | 272.09M | 268.36M | 269.14M |
| Gross Margin | 70.69% | 70.38% | 70.02% | 69.20% | 70.70% | 69.63% | 70.05% | 69.52% | 70.81% | 69.73% | — | — |
| Operating Margin | 22.36% | 32.01% | 31.72% | 44.45% | 59.53% | 55.34% | 67.00% | 28.58% | 31.07% | 31.00% | 30.90% | 31.44% |
| Net Margin | 13.69% | 23.15% | 17.88% | 36.49% | 49.28% | 45.80% | 66.38% | 27.84% | 22.38% | 66.79% | 16.68% | 22.19% |
This table shows 12 quarterly periods of Essex Property's income statement, from Q2 2026 back to Q3 2023, 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?