For Q1 FY2026 ended March 31, 2026, Essex Property Trust reported revenue of $484.8M, up 4.3% year-over-year. Net income was $79.7M (up 21.6% YoY), while operating income fell 39.6% to $155.2M. Diluted EPS decreased 47.8% to $1.65. The company had $38.0M in cash, $5.44B in equity, and $6.84B in long-term debt.
•Revenue increased 4.3% YoY to $484.8M.
•Net income rose 21.6% YoY to $79.7M.
•Operating income declined 39.6% YoY to $155.2M.
•Diluted EPS fell 47.8% YoY to $1.65.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Essex Property Trust, Inc., an S&P 500 company is a fully integrated real estate investment trust. The firm acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets.
Essex currently has ownership interests in 259 apartment communities comprising over 63,000 apartment homes with an additional property in active development. Essex Property Trust, Inc. was incorporated in 1971 in Maryland and is based in San Mateo, United States.
Essex Property Trust, Inc. is a fully integrated real estate investment trust (REIT) that focuses on acquiring, developing, redeveloping, and managing multifamily residential properties. The company primarily operates in selected West Coast markets of the United States. As of the latest data, Essex has ownership interests in 259 apartment communities, comprising over 63,000 apartment homes, with an additional property in active development. Its portfolio includes a mix of existing communities and new developments, allowing it to generate rental income and capital appreciation. By being an S&P 500 company, Essex is recognized as a major player in the residential REIT sector.
Where is Essex Property Trust listed and in which currency?
Essex Property Trust, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol ESS. The company's financials and stock trading are denominated in US Dollars (USD), reflecting its operations based in the United States. As a US-listed REIT, it is subject to the regulatory and reporting standards of the Securities and Exchange Commission (SEC). Investors can trade ESS shares on the NYSE during regular market hours, and the stock is included in major indices such as the S&P 500.
What sector and industry does Essex Property Trust belong to?
Essex Property Trust operates in the Real Estate sector, specifically within the REIT - Residential industry. As a real estate investment trust, it is required to distribute at least 90% of its taxable income to shareholders in the form of dividends. The residential REIT industry focuses on owning and managing multifamily rental properties, such as apartment communities. Essex's specialization in this niche allows it to benefit from rental demand in high-growth West Coast markets. Being classified as a residential REIT distinguishes it from other real estate sectors like office, industrial, or retail REITs.
Where is Essex Property Trust headquartered and what markets does it serve?
Essex Property Trust, Inc. is headquartered in San Mateo, California, United States. The company was incorporated in Maryland in 1971 and has since focused on the West Coast markets, including California, Washington, and Oregon. Its properties are primarily located in high-demand urban and suburban areas along the Pacific Coast. By concentrating on these regions, Essex targets markets with strong job growth, limited housing supply, and favorable demographic trends. The company's portfolio of 259 apartment communities is strategically positioned to serve renters in these economically vibrant areas.
What is the business model of Essex Property Trust?
Essex Property Trust generates revenue primarily through rental income from its multifamily residential properties. As a fully integrated REIT, it handles all aspects of property management, including acquisition, development, redevelopment, and day-to-day operations. The company owns interests in 259 apartment communities with over 63,000 apartment homes, providing a steady stream of lease payments. Additionally, it has one property in active development, indicating ongoing investment in growth. By focusing on West Coast markets, Essex aims to capture higher rental growth and occupancy rates. Its status as an S&P 500 company reflects its scale and financial stability, allowing it to access capital markets for further expansion.