Essex Property Trust Inc
NYSE:ESS
Income Statement
Earnings Waterfall
Essex Property Trust Inc
Revenue
|
1.7B
USD
|
Cost of Revenue
|
-485.5m
USD
|
Gross Profit
|
1.2B
USD
|
Operating Expenses
|
-657.8m
USD
|
Operating Income
|
526.1m
USD
|
Other Expenses
|
-120.3m
USD
|
Net Income
|
405.8m
USD
|
Income Statement
Essex Property Trust Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
611
N/A
|
625
+2%
|
734
+17%
|
851
+16%
|
971
+14%
|
1 093
+13%
|
1 129
+3%
|
1 163
+3%
|
1 194
+3%
|
1 226
+3%
|
1 251
+2%
|
1 276
+2%
|
1 294
+1%
|
1 315
+2%
|
1 333
+1%
|
1 348
+1%
|
1 364
+1%
|
1 376
+1%
|
1 386
+1%
|
1 392
+0%
|
1 400
+1%
|
1 409
+1%
|
1 422
+1%
|
1 438
+1%
|
1 460
+2%
|
1 496
+2%
|
1 505
+1%
|
1 509
+0%
|
1 496
-1%
|
1 459
-2%
|
1 439
-1%
|
1 431
-1%
|
1 441
+1%
|
1 467
+2%
|
1 516
+3%
|
1 563
+3%
|
1 607
+3%
|
1 637
+2%
|
1 653
+1%
|
1 663
+1%
|
1 669
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(197)
|
(203)
|
(239)
|
(276)
|
(313)
|
(348)
|
(354)
|
(360)
|
(364)
|
(371)
|
(377)
|
(382)
|
(389)
|
(394)
|
(396)
|
(401)
|
(406)
|
(401)
|
(397)
|
(391)
|
(385)
|
(389)
|
(390)
|
(395)
|
(398)
|
(407)
|
(421)
|
(431)
|
(440)
|
(444)
|
(441)
|
(444)
|
(445)
|
(451)
|
(457)
|
(462)
|
(467)
|
(472)
|
(477)
|
(481)
|
(485)
|
|
Gross Profit |
413
N/A
|
421
+2%
|
495
+17%
|
574
+16%
|
658
+15%
|
745
+13%
|
775
+4%
|
803
+4%
|
831
+3%
|
855
+3%
|
874
+2%
|
894
+2%
|
905
+1%
|
921
+2%
|
937
+2%
|
947
+1%
|
958
+1%
|
975
+2%
|
989
+1%
|
1 001
+1%
|
1 015
+1%
|
1 020
+1%
|
1 032
+1%
|
1 043
+1%
|
1 063
+2%
|
1 090
+3%
|
1 084
-1%
|
1 078
-1%
|
1 055
-2%
|
1 015
-4%
|
998
-2%
|
987
-1%
|
995
+1%
|
1 016
+2%
|
1 059
+4%
|
1 102
+4%
|
1 140
+3%
|
1 166
+2%
|
1 176
+1%
|
1 182
+0%
|
1 184
+0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(219)
|
(223)
|
(280)
|
(339)
|
(402)
|
(461)
|
(474)
|
(487)
|
(494)
|
(495)
|
(491)
|
(484)
|
(483)
|
(490)
|
(498)
|
(506)
|
(510)
|
(526)
|
(536)
|
(548)
|
(564)
|
(565)
|
(568)
|
(569)
|
(571)
|
(583)
|
(599)
|
(610)
|
(626)
|
(619)
|
(611)
|
(612)
|
(608)
|
(617)
|
(624)
|
(633)
|
(637)
|
(644)
|
(648)
|
(651)
|
(658)
|
|
Selling, General & Administrative |
(27)
|
(27)
|
(30)
|
(36)
|
(41)
|
(44)
|
(44)
|
(43)
|
(40)
|
(39)
|
(39)
|
(37)
|
(41)
|
(42)
|
(43)
|
(43)
|
(41)
|
(53)
|
(62)
|
(71)
|
(85)
|
(84)
|
(87)
|
(88)
|
(87)
|
(88)
|
(90)
|
(92)
|
(100)
|
(96)
|
(94)
|
(94)
|
(88)
|
(92)
|
(94)
|
(97)
|
(97)
|
(102)
|
(104)
|
(104)
|
(109)
|
|
Depreciation & Amortization |
(192)
|
(196)
|
(250)
|
(304)
|
(361)
|
(417)
|
(430)
|
(444)
|
(453)
|
(456)
|
(452)
|
(446)
|
(442)
|
(448)
|
(456)
|
(463)
|
(469)
|
(473)
|
(474)
|
(477)
|
(480)
|
(481)
|
(482)
|
(482)
|
(484)
|
(495)
|
(509)
|
(518)
|
(526)
|
(523)
|
(518)
|
(518)
|
(520)
|
(525)
|
(531)
|
(536)
|
(539)
|
(542)
|
(544)
|
(546)
|
(548)
|
|
Operating Income |
194
N/A
|
198
+2%
|
215
+9%
|
235
+9%
|
257
+9%
|
284
+11%
|
302
+6%
|
316
+5%
|
337
+7%
|
360
+7%
|
383
+7%
|
410
+7%
|
423
+3%
|
432
+2%
|
438
+1%
|
441
+1%
|
448
+2%
|
449
+0%
|
453
+1%
|
454
+0%
|
450
-1%
|
455
+1%
|
464
+2%
|
474
+2%
|
492
+4%
|
507
+3%
|
485
-4%
|
468
-4%
|
430
-8%
|
396
-8%
|
387
-2%
|
376
-3%
|
387
+3%
|
400
+3%
|
435
+9%
|
469
+8%
|
503
+7%
|
522
+4%
|
528
+1%
|
531
+1%
|
526
-1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(49)
|
(46)
|
(59)
|
(111)
|
(113)
|
(136)
|
(146)
|
(143)
|
(158)
|
(148)
|
(134)
|
(138)
|
(132)
|
(137)
|
(147)
|
(136)
|
(102)
|
(81)
|
(75)
|
(75)
|
(100)
|
(109)
|
(104)
|
(98)
|
(51)
|
(65)
|
(61)
|
(69)
|
(102)
|
(83)
|
(67)
|
(46)
|
18
|
1
|
(65)
|
(100)
|
(190)
|
(182)
|
(136)
|
(129)
|
(153)
|
|
Non-Reccuring Items |
(6)
|
(22)
|
(49)
|
(53)
|
(56)
|
(42)
|
(17)
|
(14)
|
(12)
|
(10)
|
(9)
|
(9)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(0)
|
1
|
2
|
7
|
(7)
|
(8)
|
4
|
2
|
39
|
136
|
108
|
147
|
124
|
26
|
43
|
(0)
|
92
|
151
|
151
|
151
|
58
|
|
Gain/Loss on Disposition of Assets |
2
|
8
|
8
|
39
|
46
|
67
|
80
|
48
|
81
|
73
|
61
|
61
|
155
|
247
|
249
|
249
|
115
|
2
|
22
|
22
|
63
|
95
|
72
|
72
|
32
|
235
|
235
|
235
|
235
|
0
|
2
|
2
|
2
|
0
|
0
|
17
|
17
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
0
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(5)
|
(16)
|
(10)
|
(4)
|
(2)
|
10
|
26
|
17
|
1
|
(1)
|
|
Pre-Tax Income |
141
N/A
|
138
-2%
|
114
-18%
|
110
-4%
|
134
+23%
|
173
+29%
|
219
+27%
|
207
-5%
|
248
+20%
|
275
+11%
|
301
+10%
|
324
+8%
|
443
+37%
|
539
+22%
|
538
0%
|
553
+3%
|
458
-17%
|
367
-20%
|
398
+8%
|
399
+0%
|
414
+4%
|
442
+7%
|
434
-2%
|
454
+5%
|
464
+2%
|
668
+44%
|
660
-1%
|
633
-4%
|
599
-5%
|
447
-25%
|
427
-5%
|
473
+11%
|
516
+9%
|
417
-19%
|
409
-2%
|
383
-6%
|
433
+13%
|
516
+19%
|
560
+9%
|
555
-1%
|
431
-22%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(4)
|
(4)
|
(4)
|
(0)
|
(0)
|
(0)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
141
|
138
|
114
|
110
|
134
|
173
|
219
|
207
|
248
|
270
|
297
|
320
|
438
|
539
|
538
|
553
|
457
|
366
|
396
|
397
|
414
|
442
|
434
|
454
|
464
|
668
|
660
|
633
|
599
|
447
|
427
|
473
|
516
|
417
|
409
|
383
|
433
|
516
|
560
|
555
|
431
|
|
Income to Minority Interest |
(16)
|
(16)
|
(15)
|
(13)
|
(12)
|
(13)
|
(15)
|
(15)
|
(16)
|
(17)
|
(18)
|
(19)
|
(23)
|
(27)
|
(27)
|
(28)
|
(25)
|
(22)
|
(23)
|
(23)
|
(23)
|
(24)
|
(24)
|
(25)
|
(25)
|
(32)
|
(32)
|
(31)
|
(31)
|
(25)
|
(24)
|
(26)
|
(27)
|
(24)
|
(24)
|
(23)
|
(25)
|
(28)
|
(29)
|
(29)
|
(25)
|
|
Net Income (Common) |
151
N/A
|
148
-2%
|
124
-16%
|
109
-12%
|
117
+8%
|
154
+32%
|
199
+29%
|
188
-6%
|
227
+21%
|
246
+8%
|
272
+11%
|
295
+9%
|
411
+39%
|
512
+25%
|
511
0%
|
525
+3%
|
433
-18%
|
345
-20%
|
375
+9%
|
376
+0%
|
390
+4%
|
418
+7%
|
410
-2%
|
428
+4%
|
439
+3%
|
635
+45%
|
628
-1%
|
602
-4%
|
569
-5%
|
422
-26%
|
403
-5%
|
447
+11%
|
489
+9%
|
393
-19%
|
386
-2%
|
360
-7%
|
408
+13%
|
489
+20%
|
531
+9%
|
526
-1%
|
406
-23%
|
|
EPS (Diluted) |
4.02
N/A
|
3.89
-3%
|
1.54
-60%
|
1.72
+12%
|
2.06
+20%
|
2.39
+16%
|
3.05
+28%
|
2.87
-6%
|
3.49
+22%
|
3.75
+7%
|
4.15
+11%
|
4.5
+8%
|
6.27
+39%
|
7.77
+24%
|
7.78
+0%
|
7.94
+2%
|
6.57
-17%
|
5.22
-21%
|
5.66
+8%
|
5.67
+0%
|
5.9
+4%
|
6.35
+8%
|
6.23
-2%
|
6.5
+4%
|
6.66
+2%
|
9.59
+44%
|
9.59
N/A
|
9.23
-4%
|
8.68
-6%
|
6.48
-25%
|
6.19
-4%
|
6.87
+11%
|
7.51
+9%
|
6.04
-20%
|
5.91
-2%
|
5.52
-7%
|
6.27
+14%
|
7.57
+21%
|
8.27
+9%
|
8.18
-1%
|
6.32
-23%
|