ESS on NYSE
American Real Estate Investment Trust
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area. As of December 31, 2023, the company owned interests in 252 apartment complexes, aggregating 61,997 apartment units, and 3 commercial office buildings, comprising 283,000 square feet.3 From Wikipedia, CC BY-SA 4.0
Price unavailable
Last updated Oct 19, 2026.
Compare with GENERATION INCOME PROPERTIES, INC., MANHATTAN BRIDGE CAPITAL, INC or Medalist Diversified, Inc., or pick any stock.
See how the biggest companies compare on our leaderboards
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.3
From the company’s reports to the SEC. Every number links to the filing it came from.
Out of $1.1B of cash from operations.8
Every line of the income statement as filed: the last 3 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental and other property | $1.9B | $1.8B | $1.7B |
| Management and other fees from affiliates | $9.4M | $10.3M | $11.1M |
| Total revenues | $1.9B | $1.8B | $1.7B |
| Property operating, excluding real estate taxes | $353.4M | $328.1M | $302.0M |
| Real estate taxes | $205.6M | $193.4M | $185.8M |
| Corporate-level property management expenses | $49.1M | $46.2M | $43.6M |
| Depreciation and amortization | $607.5M | $580.2M | $548.4M |
| General and administrative | $71.9M | $98.9M | $63.5M |
| Expensed acquisition and investment related costs | $25.0K | $72.0K | $595.0K |
| Casualty loss | $0 | $0 | $433.0K |
| Total expenses | $1.3B | $1.2B | $1.1B |
| Gain on sale of real estate and land | $299.5M | $175.6M | $59.2M |
| Earnings from operations | $899.3M | $703.1M | $584.3M |
| Interest expense | -$258.4M | -$235.5M | -$212.9M |
| Total return swap income | $4.7M | $3.1M | $3.1M |
| Interest and other income | $20.0M | $81.0M | $46.3M |
| Equity income from co-investments | $35.5M | $48.2M | $10.6M |
| Tax benefit (expense) on unconsolidated co-investments | $2.1M | $929.0K | -$697.0K |
| Loss on early retirement of debt | -$762.0K | $0 | $0 |
| Gain on remeasurement of co-investment | $330.0K | $210.6M | $0 |
| Net income | $702.8M | $811.3M | $430.7M |
| Net income attributable to noncontrolling interest | -$33.1M | -$69.8M | -$24.9M |
| Net income available to common stockholders | $669.7M | $741.5M | $405.8M |
| Net income available to common stockholders (in dollars per share) | $10.40 | $11.55 | $6.32 |
| Weighted average number of shares outstanding during the year (in shares) | 64.4M shares | 64.2M shares | 64.3M shares |
| Net income available to common stockholders (in dollars per share) | $10.40 | $11.54 | $6.32 |
| Weighted average number of shares outstanding during the year (in shares) | 64.4M shares | 64.3M shares | 64.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land and land improvements | $3.4B | $3.2B | ||
| Buildings and improvements | $15.1B | $14.3B | ||
| Total rental properties | $18.4B | $17.6B | ||
| Less: accumulated depreciation | -$6.5B | -$6.2B | ||
| Net real estate | $11.9B | $11.4B | ||
| Real estate under development | $157.1M | $52.7M | ||
| Co-investments | $630.5M | $935.0M | ||
| Total real estate | $12.7B | $12.4B | ||
| Cash and cash equivalents-unrestricted | $76.2M | $66.8M | $391.7M | |
| Cash and cash equivalents-restricted | $9.3M | $9.1M | $8.6M | |
| Marketable securities | $98.1M | $69.8M | ||
| Notes and other receivables, net of allowance for credit losses of $0.6 million and $0.5 million as of December 31, 2025 and December 31, 2024, respectively | $141.6M | $206.7M | ||
| Operating lease right-of-use assets | $50.8M | $51.6M | ||
| Prepaid expenses and other assets | $90.7M | $96.9M | ||
| Total assets | $13.2B | $12.9B | ||
| Unsecured debt, net | $6.0B | $5.5B | ||
| Mortgage notes payable, net | $784.3M | $989.9M | ||
| Lines of credit and commercial paper | $0 | $137.9M | ||
| Accounts payable and accrued liabilities | $221.4M | $212.7M | ||
| Construction payable | $24.7M | $14.3M | ||
| Dividends payable | $173.7M | $165.4M | ||
| Distributions in excess of investments in co-investments | $98.8M | $79.3M | ||
| Operating lease liabilities | $51.5M | $52.5M | ||
| Other liabilities | $51.7M | $50.2M | ||
| Total liabilities | $7.4B | $7.2B | ||
| Redeemable noncontrolling interest | $28.3M | $30.8M | $32.2M | $27.1M |
| Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,442,290 and 64,280,466 shares issued and outstanding, respectively | $6.0K | $6.0K | ||
| Additional paid-in capital | $6.7B | $6.7B | ||
| Distributions in excess of accumulated earnings | -$1.1B | -$1.2B | ||
| Accumulated other comprehensive income, net | $6.0M | $24.7M | ||
| Total stockholders equity | $5.5B | $5.5B | ||
| Noncontrolling interest | $167.3M | $183.3M | ||
| Total equity | $5.7B | $5.7B | $5.6B | $5.9B |
| Total liabilities and equity | $13.2B | $12.9B | ||
| Notes and other receivable, allowance for credit loss | $555.0K | $529.0K | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 670.0M shares | 670.0M shares | ||
| Common stock, shares issued (in shares) | 64.4M shares | 64.3M shares | ||
| Common stock, shares outstanding (in shares) | 64.4M shares | 64.3M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land and land improvements | $3.4B | $3.2B | ||
| Buildings and improvements | $15.1B | $14.3B | ||
| Total rental properties | $18.4B | $17.6B | ||
| Less: accumulated depreciation | -$6.5B | -$6.2B | ||
| Net real estate | $11.9B | $11.4B | ||
| Real estate under development | $157.1M | $52.7M | ||
| Co-investments | $630.5M | $935.0M | ||
| Total real estate | $12.7B | $12.4B | ||
| Cash and cash equivalents-unrestricted | $76.2M | $66.8M | $391.7M | |
| Cash and cash equivalents-restricted | $9.3M | $9.1M | $8.6M | |
| Marketable securities | $98.1M | $69.8M | ||
| Notes and other receivables, net of allowance for credit losses of $0.6 million and $0.5 million as of December 31, 2025 and December 31, 2024, respectively | $141.6M | $206.7M | ||
| Operating lease right-of-use assets | $50.8M | $51.6M | ||
| Prepaid expenses and other assets | $90.7M | $96.9M | ||
| Total assets | $13.2B | $12.9B | ||
| Unsecured debt, net | $6.0B | $5.5B | ||
| Mortgage notes payable, net | $784.3M | $989.9M | ||
| Lines of credit and commercial paper | $0 | $137.9M | ||
| Accounts payable and accrued liabilities | $221.4M | $212.7M | ||
| Construction payable | $24.7M | $14.3M | ||
| Dividends payable | $173.7M | $165.4M | ||
| Distributions in excess of investments in co-investments | $98.8M | $79.3M | ||
| Operating lease liabilities | $51.5M | $52.5M | ||
| Other liabilities | $51.7M | $50.2M | ||
| Total liabilities | $7.4B | $7.2B | ||
| Redeemable noncontrolling interest | $28.3M | $30.8M | $32.2M | $27.1M |
| Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,442,290 and 64,280,466 shares issued and outstanding, respectively | $6.0K | $6.0K | ||
| Additional paid-in capital | $6.7B | $6.7B | ||
| Distributions in excess of accumulated earnings | -$1.1B | -$1.2B | ||
| Accumulated other comprehensive income, net | $6.0M | $24.7M | ||
| Total stockholders equity | $5.5B | $5.5B | ||
| Noncontrolling interest | $167.3M | $183.3M | ||
| Total equity | $5.7B | $5.7B | $5.6B | $5.9B |
| Total liabilities and equity | $13.2B | $12.9B | ||
| Notes and other receivable, allowance for credit loss | $555.0K | $529.0K | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 670.0M shares | 670.0M shares | ||
| Common stock, shares issued (in shares) | 64.4M shares | 64.3M shares | ||
| Common stock, shares outstanding (in shares) | 64.4M shares | 64.3M shares |
Every line of the cash flow as filed: the last 3 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $702.8M | $811.3M | $430.7M |
| Straight-lined rents | -$1.1M | $34.0K | $2.8M |
| Depreciation and amortization | $607.5M | $580.2M | $548.4M |
| Amortization of discount and debt financing costs, net | $7.2M | $7.8M | $6.9M |
| Realized and unrealized gains on marketable securities, net | -$3.8M | -$8.3M | -$10.0M |
| Provision for credit losses | $26.0K | -$179.0K | $70.0K |
| Companys share of gain on the sales of co-investment | -$5.2M | $0 | $0 |
| Equity income from co-investments | -$30.3M | -$48.2M | -$10.6M |
| Operating distributions from co-investments | $93.0M | $62.9M | $76.8M |
| Accrued interest from notes and other receivables | -$9.2M | -$13.5M | -$12.6M |
| Casualty loss | $0 | $0 | $433.0K |
| Gain on the sale of real estate and land | -$299.5M | -$175.6M | -$59.2M |
| Equity-based compensation | $9.6M | $7.2M | $8.0M |
| Loss on early retirement of debt | $762.0K | $0 | $0 |
| Gain on remeasurement of co-investment | -$330.0K | -$210.6M | $0 |
| Prepaid expenses, receivables, operating lease right-of-use assets, and other assets | -$2.0M | $32.0M | -$9.7M |
| Accounts payable, accrued liabilities, and operating lease liabilities | $7.2M | $25.2M | $5.3M |
| Other liabilities | -$2.3M | -$1.9M | $2.7M |
| Net cash provided by operating activities | $1.1B | $1.1B | $980.1M |
| Acquisitions of real estate and acquisition related capital expenditures, net of cash acquired | -$831.7M | -$940.4M | -$25.1M |
| Redevelopment | -$81.6M | -$70.6M | -$72.6M |
| Development acquisitions of and additions to real estate under development | -$61.9M | -$2.9M | -$7.9M |
| Capital expenditures on rental properties | -$140.3M | -$136.4M | -$140.4M |
| Investments in notes receivable | -$169.6M | -$130.6M | -$58.1M |
| Collections of notes and other receivables | $84.8M | $33.5M | $0 |
| Proceeds from insurance for property losses | $3.5M | $2.3M | $3.4M |
| Proceeds from dispositions of real estate | $509.9M | $247.3M | $99.4M |
| Contributions to co-investments | -$33.8M | -$34.1M | -$37.4M |
| Changes in refundable deposits | $8.0M | -$8.0M | $10.2M |
| Purchases of marketable securities | -$25.5M | -$1.0M | -$20.8M |
| Sales and maturities of marketable securities | $1.3M | $27.3M | $64.3M |
| Non-operating distributions from co-investments | $184.4M | $40.5M | $39.8M |
| Net cash used in investing activities | -$552.5M | -$973.1M | -$145.1M |
| Proceeds from unsecured debt and mortgage notes | $1.1B | $554.9M | $598.0M |
| Payments on unsecured debt and mortgage notes | -$808.6M | -$403.1M | -$302.4M |
| Proceeds from lines of credit and commercial paper | $7.9B | $1.7B | $844.0M |
| Repayments of lines of credit and commercial paper | -$8.1B | -$1.5B | -$896.1M |
| Retirement of common stock | $0 | $0 | -$95.7M |
| Additions to deferred charges | -$13.4M | -$9.6M | -$1.7M |
| Payments related to debt prepayment penalties | -$697.0K | $0 | $0 |
| Net costs from issuance of common stock | -$391.0K | -$296.0K | -$347.0K |
| Net proceeds from stock options exercised | $8.9M | $12.3M | $0 |
| Payments related to tax withholding for share-based compensation | -$8.1M | -$3.2M | -$3.8M |
| Distributions to noncontrolling interest | -$32.7M | -$81.2M | -$31.6M |
| Redemptions of noncontrolling interest | -$13.5M | -$6.5M | -$609.0K |
| Redemptions of redeemable noncontrolling interest | $0 | -$521.0K | $0 |
| Common stock dividends paid | -$654.1M | -$620.5M | -$587.0M |
| Net cash used in financing activities | -$512.2M | -$419.7M | -$477.3M |
| Net increase (decrease) in unrestricted and restricted cash and cash equivalents | $9.7M | -$324.5M | $357.7M |
| Cash paid for interest, net of capitalized interest | $252.7M | $223.2M | $207.0M |
| Interest capitalized | $3.7M | $251.0K | $823.0K |
| Operating cash flows from operating leases | $6.4M | $6.9M | $7.0M |
| Issuance of Operating Partnership units for contributed properties | $0 | $24.9M | $0 |
| Redemption of preferred equity investments upon acquisition or consolidation of co-investments | $262.4M | $44.7M | $0 |
| Reclassifications (from) to redeemable noncontrolling interest (to) from additional paid in capital and noncontrolling interest | -$2.2M | -$835.0K | $5.1M |
| Leased assets obtained in exchange for new operating lease liabilities | $2.7M | $0 | $0 |
| Debt assumed in connection with acquisition | $0 | $95.0M | $0 |
| Debt financed by seller in connection with acquisition | $0 | $11.0M | $0 |
No quarter-by-quarter statement was filed.
Founded by George M. Marcus in 1971.1
The company was founded in 1971 by billionaire George M. Marcus, who also founded Marcus & Millichap that same year.
On June 13, 1994, the company became a public company via an initial public offering.
In April 2014, the company acquired BRE Properties for $4.3 billion.
In 2024, it acquired ownership interests in a joint venture owning 4 properties for $505 million.
From Wikipedia’s article on Essex Property Trust, shared under CC BY-SA 4.0.6
Who has led Essex Property Trust, Inc., and when. Pick a name to see everywhere that person has worked.
Listed on Wikidata.1
211 filings to the SEC since October 2021: 143 insider forms, 24 large holders, 44 other. The latest 20:
The 211 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
27 open-market trades by officers, directors and large owners since October 2021: 1 buys and 26 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 27, 2026 | Kasaris MaryDirector | Sale | 600 | $279.45 | $167.7K | Form 4 |
| Mar 11, 2025 | Kasaris MaryDirector | Sale | 2,800 | $300.80 | $842.2K | Form 4 |
| Mar 4, 2025 | Kleiman Angela L.President and CEO | Sale | 400 | $315.12 | $126.0K | Form 4 |
| Mar 3, 2025 | Kleiman Angela L.President and CEO | Sale | 4,929 | $314.99 | $1.6M | Form 4 |
| Mar 3, 2025 | GUERICKE KEITH RDirector | Sale | 7,298 | $315.00 | $2.3M | Form 4 |
| Mar 3, 2025 | Morrison AnneEVP, CAO & General Counsel | Sale | 2,571 | $314.79 | $809.3K | Form 4 |
| Mar 3, 2025 | Pak BarbaraExecutive Vice President & CFO | Sale | 6,318 | $314.79 | $2.0M | Form 4 |
| Sep 17, 2024 | Johnson Amal MDirector | Sale | 7,298 | $316.31 | $2.3M | Form 4 |
| Sep 16, 2024 | Kleiman Angela L.President and CEO | Sale | 8,080 | $315.10 | $2.5M | Form 4 |
| Sep 16, 2024 | Morrison AnneEVP, CAO & General Counsel | Sale | 2,571 | $314.79 | $809.3K | Form 4 |
| Aug 30, 2024 | Johnson Amal MDirector | Sale | 2,453 | $300.00 | $735.9K | Form 4 |
| Jun 21, 2024 | Kleiman Angela L.President and CEO | Sale | 3,780 | $278.27 | $1.1M | Form 4 |
| Jun 14, 2024 | GUERICKE KEITH RDirector | Sale | 10,000 | $274.57 | $2.7M | Form 4 |
| Mar 11, 2024 | ROBINSON THOMAS EDirector | Sale | 2,781 | $243.92 | $678.3K | Form 4 |
| Feb 28, 2024 | LYONS IRVING F IIIDirector | Sale | 2,083 | $230.90 | $481.0K | Form 4 |
| Dec 2, 2022 | Johnson Amal MDirector | Buy | 1,000 | $218.44 | $218.4K | Form 4 |
| Mar 29, 2022 | Kleiman Angela L.President and CEO | Sale | 6,309 | $354.21 | $2.2M | Form 4 |
| Mar 29, 2022 | SCHALL MICHAEL JDirector | Sale | 12,132 | $349.19 | $4.2M | Form 4 |
| Mar 15, 2022 | Johnson Amal MDirector | Sale | 7,329 | $334.95 | $2.5M | Form 4 |
| Dec 13, 2021 | Berry Adam WExecutive Vice President & CIO | Sale | 3,235 | $352.95 | $1.1M | Form 4 |
All 27 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 7,430,141 | $2.2B | 0.0% | +174,651 |
| Vanguard Portfolio Management LLC | 5,490,501 | $1.6B | 0.1% | +2,454 |
| State Street Corp | 5,211,810 | $1.5B | 0.0% | −13,696 |
| Vanguard Capital Management LLC | 4,202,889 | $1.2B | 0.0% | +4,613 |
| Principal Financial Group Inc | 2,092,902 | $610.3M | 0.3% | +424,866 |
| Geode Capital Management, LLC | 1,953,203 | $567.5M | 0.0% | +28,747 |
| Norges Bank | 1,607,742 | $468.8M | 0.0% | New |
| Invesco Ltd. | 1,125,265 | $328.1M | 0.0% | +186,029 |
| Resolution Capital Ltd | 1,027,680 | $299.7M | 5.5% | +354,660 |
| Dimensional Fund Advisors LP | 1,000,799 | $291.8M | 0.1% | +4,989 |
| Charles Schwab Investment Management Inc | 939,663 | $274.0M | 0.0% | +52,162 |
| Legal & General Group Plc | 892,526 | $260.3M | 0.1% | −10,393 |
| Northern Trust Corp | 862,383 | $251.5M | 0.0% | +18,006 |
| Massachusetts Financial Services Co /ma/ | 838,001 | $250.5M | 0.1% | −11,522 |
| Jpmorgan Chase & Co | 830,044 | $245.6M | 0.0% | +286,076 |
| Daiwa Securities Group Inc. | 817,220 | $238.3M | 0.5% | −107,584 |
| Morgan Stanley | 791,652 | $230.8M | 0.0% | −49,050 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 757,439 | $220.9M | 0.0% | +754,185 |
| ProShare Advisors LLC | 647,967 | $188.9M | 0.3% | −8,100 |
| Boston Partners | 628,452 | $183.3M | 0.2% | +18,605 |
| Goldman Sachs Group Inc | 619,623 | $180.7M | 0.0% | +136,006 |
| Quantinno Capital Management LP | 529,293 | $154.3M | 0.2% | +148,251 |
| Nuveen, LLC | 494,041 | $144.1M | 0.0% | −14,425 |
| Bank of New York Mellon Corp | 465,848 | $135.8M | 0.0% | +1,383 |
| Rush Island Management, LP | 438,518 | $127.9M | 8.5% | −369,375 |
13F reports cover disclosed long positions in U.S. stocks only.
8 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Mar 27, 2026 | Alan ArmstrongRepublican, Senate | Buy | $1,001 - $15,000 | −9.3% | Report |
| Jan 7, 2026 | Rick LarsenDemocratic, House | Sale | $1,001 - $15,000 | +4.6% | Report |
| Jul 12, 2023 | Daniel S. GoldmanDemocratic, House | Sale | $15,001 - $50,000 | +61.1% | Report |
| Apr 18, 2023 | Sheldon WhitehouseDemocratic, Senate | Sale | $1,001 - $15,000 | +59.3% | Report |
| Apr 18, 2023 | Sheldon WhitehouseDemocratic, Senate | Sale | $1,001 - $15,000 | +59.3% | Report |
| Jul 7, 2022 | Rick LarsenDemocratic, House | Buy | $1,001 - $15,000 | −97.1% | Report |
| Jul 7, 2021 | Rick LarsenDemocratic, House | Buy | $1,001 - $15,000 | −91.5% | Report |
| Mar 23, 2020 | Zoe LofgrenDemocratic, House | Sale | $1,001 - $15,000 | +198.3% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
The numbers on this page point here. Each one links to the record it came from.
