Essex Property Trust, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.89B | $1.77B | $1.67B | $1.61B | $1.44B | $1.50B | $1.46B | $1.40B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | $1.32B | $1.24B | $1.17B | $1.13B | — | — | — | — |
| Gross Margin | 69.9% | 70.0% | 70.1% | 70.2% | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $71.9M | $98.9M | $63.5M | $56.6M | $51.8M | $65.4M | $54.3M | $53.5M |
| Operating Income | $899.3M | $703.1M | $584.3M | $595.2M | $530.0M | $491.4M | $481.1M | $512.0M |
| Operating Margin | 47.6% | 39.6% | 35.0% | 37.0% | 36.8% | 32.9% | 32.9% | 36.6% |
| Interest Expense | — | — | $212.9M | $204.8M | $203.1M | $220.6M | $217.3M | $220.5M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $702.8M | $811.3M | $430.7M | $433.0M | $515.7M | $599.3M | $464.4M | $390.2M |
| Net Margin | 37.2% | 45.7% | 25.8% | 26.9% | 35.8% | 40.1% | 31.8% | 27.9% |
| EPS (Basic) | $10.40 | $11.55 | $6.32 | $6.27 | $7.51 | $8.69 | $6.67 | $5.91 |
| EPS (Diluted) | $10.40 | $11.54 | $6.32 | $6.27 | $7.51 | $8.69 | $6.66 | $5.90 |
| Shares Outstanding (Basic) | 64.4M | 64.2M | 64.3M | 65.1M | 65.1M | 65.5M | 65.8M | 66.0M |
| Shares Outstanding (Diluted) | 64.4M | 64.3M | 64.3M | 65.1M | 65.1M | 65.6M | 65.9M | 66.1M |
| Dividends Per Share | $10.28 | $9.80 | $9.24 | $8.80 | $8.36 | $8.31 | $7.80 | $7.44 |