Essex Property Financials

ESS Stock  USD 309.60  4.07  1.33%   
Based on the key measurements obtained from Essex Property's financial statements, Essex Property Trust may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Essex Property's Accounts Payable is comparatively stable compared to the past year. Cash is likely to gain to about 420.4 M in 2024, whereas Property Plant And Equipment Net is likely to drop slightly above 60.6 M in 2024. Key indicators impacting Essex Property's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.180.2431
Way Down
Slightly volatile
Return On Assets0.0230.0328
Way Down
Slightly volatile
Return On Equity0.0810.0748
Significantly Up
Slightly volatile
Debt Equity Ratio1.521.1444
Significantly Up
Slightly volatile
Operating Income613.6 M584.3 M
Sufficiently Up
Slightly volatile
Current Ratio0.490.5183
Notably Down
Pretty Stable
Investors should never underestimate Essex Property's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Essex Property's cash flow, debt, and profitability to make informed and accurate decisions about investing in Essex Property Trust.

Cash And Equivalents

54.72 Million

  
Understanding current and past Essex Property Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Essex Property's financial statements are interrelated, with each one affecting the others. For example, an increase in Essex Property's assets may result in an increase in income on the income statement.

Essex Property Earnings Geography

Please note, the imprecision that can be found in Essex Property's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Essex Property Trust. Check Essex Property's Beneish M Score to see the likelihood of Essex Property's management manipulating its earnings.

Essex Property Stock Summary

Essex Property competes with Mid America, and Nexpoint Residential. Essex Property Trust, Inc., an SP 500 company, is a fully integrated real estate investment trust that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development. Essex Property operates under REITResidential classification in the United States and is traded on New York Stock Exchange. It employs 17 people.
Specialization
Real Estate, Equity Real Estate Investment Trusts (REITs)
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS2971781057
CUSIP297178105
LocationCalifornia; U.S.A
Business Address1100 Park Place,
SectorResidential REITs
IndustryReal Estate
BenchmarkDow Jones Industrial
Websitewww.essexapartmenthomes.com
Phone650 655 7800
CurrencyUSD - US Dollar

Essex Property Key Financial Ratios

Essex Property Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets12.7B12.9B13.0B12.4B12.4B13.0B
Other Current Liab(161.9M)(176.8M)(183.2M)(413.2M)241.8M253.9M
Net Debt5.8B6.2B6.3B6.0B5.9B2.9B
Retained Earnings(887.6M)(861.2M)(916.8M)(1.1B)(1.3B)(1.2B)
Total Liab6.3B6.7B6.8B6.5B6.7B7.1B
Short Term Debt55M203.5M341.3M299.8M708.7M358.4M
Accounts Payable158.0M152.9M180.8M165.5M175.4M184.2M
Cash81.1M84.0M58.6M42.7M400.3M420.4M
Other Assets3.8M12.7B11.8B11.1B167.0M158.7M
Net Receivables134.4M195.1M341.0M103.0M174.6M183.4M
Total Current Assets359.7M484.9M591.5M258.5M583.5M612.7M
Other Liab36.4M36.7M393.1M37.8M43.5M86.9M
Long Term Debt5.8B6.3B6.3B6.0B6.2B3.6B
Inventory(1M)57.9M1.0(9.4M)(4.3M)(4.1M)
Other Current Assets(215.5M)(279.1M)(399.7M)9.4M8.6M6.1M
Net Tangible Assets6.3B6.0B6.0B5.7B6.6B5.5B
Long Term Debt Total5.8B6.3B6.3B6.0B6.9B5.4B
Capital Surpluse7.1B6.9B6.9B6.8B7.8B6.2B

Essex Property Key Income Statement Accounts

The reason investors look at the income statement is to determine what Essex Property's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense208.9M209.9M192.4M196.9M212.9M223.6M
Total Revenue1.5B1.5B1.4B1.6B1.7B1.8B
Gross Profit1.0B1.0B959.1M1.1B639.3M500.7M
Operating Income674.2M772.1M530.0M595.2M584.3M613.6M
Ebit1.2B200.1M16.4M109.7M584.3M613.6M
Ebitda1.2B1.0B1.1B1.1B1.1B1.2B
Net Income439.3M568.9M488.6M408.3M405.8M426.1M
Income Tax Expense1.5M1.5M15.7M(10.2M)(299.7M)(284.7M)
Income Before Tax465.9M600.9M531.4M422.7M430.7M216.5M
Cost Of Revenue430.6M475.0M481.4M508.0M1.0B1.1B
Minority Interest(25.2M)30.5M(27.1M)(24.7M)(29.0M)(27.5M)
Research Development0.320.410.360.270.260.13
Non Recurring7.3M3.4M203K2.1M1.9M1.8M
Interest Income46.3M41.0M18.1M189.9M46.3M70.2M
Tax Provision1.5M1.5M15.7M(10.2M)(9.2M)(8.8M)
Net Interest Income(171.0M)(168.9M)(93.6M)(176.8M)(168.5M)(176.9M)

Essex Property Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(70.3M)2.9M(25.4M)(16.0M)357.7M375.5M
Free Cash Flow817.4M713.0M784.1M812.5M839.7M881.7M
Depreciation483.8M525.5M520.1M539.3M548.4M575.9M
Other Non Cash Items(323K)(16.4M)(1.6M)8.8M27.5M28.8M
Dividends Paid528.5M536.1M542.9M565.9M587.0M616.3M
Capital Expenditures101.7M90.1M121.2M163.2M140.4M129.4M
Net Income464.4M599.3M515.7M433.0M405.8M426.1M
End Period Cash Flow81.1M84.0M58.6M42.7M400.3M420.4M
Investments(238.1M)(162.0M)(326.2M)238.2M112.9M118.6M
Net Borrowings61.4M448.2M745.5M(356.4M)(320.7M)(304.7M)
Change To Netincome(32.1M)(279.8M)(119.4M)50.3M45.3M47.5M
Change Receivables(6.0M)(3.7M)(15.9M)(14.0M)(12.6M)(13.2M)

Essex Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Essex Property's current stock value. Our valuation model uses many indicators to compare Essex Property value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Essex Property competition to find correlations between indicators driving Essex Property's intrinsic value. More Info.
Essex Property Trust is one of the top stocks in return on equity category among its peers. It is rated # 2 in return on asset category among its peers reporting about  0.26  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Essex Property Trust is roughly  3.80 . At this time, Essex Property's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Essex Property by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Essex Property Trust Systematic Risk

Essex Property's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Essex Property volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Essex Property Trust correlated with the market. If Beta is less than 0 Essex Property generally moves in the opposite direction as compared to the market. If Essex Property Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Essex Property Trust is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Essex Property is generally in the same direction as the market. If Beta > 1 Essex Property moves generally in the same direction as, but more than the movement of the benchmark.

Essex Property Thematic Clasifications

Essex Property Trust is part of FinTech investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. A collection of large financial service, investment, and banking companies. High long term potential financial entities that are ranging from payment processing, investment management to commercial and investment banking
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Today, most investors in Essex Property Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Essex Property's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Essex Property growth as a starting point in their analysis.

Price Earnings To Growth Ratio

51.69

At this time, Essex Property's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Essex Property November 25, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Essex Property help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Essex Property Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of Essex Property Trust based on widely used predictive technical indicators. In general, we focus on analyzing Essex Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Essex Property's daily price indicators and compare them against related drivers.

Additional Tools for Essex Stock Analysis

When running Essex Property's price analysis, check to measure Essex Property's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Essex Property is operating at the current time. Most of Essex Property's value examination focuses on studying past and present price action to predict the probability of Essex Property's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Essex Property's price. Additionally, you may evaluate how the addition of Essex Property to your portfolios can decrease your overall portfolio volatility.