Essex Property Trust, Inc. ('Essex'), an S&P 500 company, is a fully integrated real estate investment trust ('REIT') 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.
Company profile
Ticker
ESS
Exchange
Website
CEO
Michael Schall
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ESSEX PORTFOLIO LP, ESSEX PROPERTY TRUST INC
SEC CIK
Corporate docs
IRS number
770369576
ESS stock data
Analyst ratings and price targets
Latest filings (excl ownership)
ARS
2022 FY
Annual report to shareholders
23 Mar 23
DEFA14A
Additional proxy soliciting materials
23 Mar 23
DEF 14A
Definitive proxy
23 Mar 23
8-K
Regulation FD Disclosure
3 Mar 23
10-K
2022 FY
Annual report
23 Feb 23
8-K
Earnings Release and Supplemental Financial Information
7 Feb 23
8-K
Amendments to Articles of Incorporation or Bylaws
13 Dec 22
10-Q
2022 Q3
Quarterly report
27 Oct 22
8-K
Essex Announces Third Quarter 2022 Results
26 Oct 22
8-K
Essex Announces the Planned Retirement of
3 Oct 22
Transcripts
ESS
Earnings call transcript
2022 Q4
8 Feb 23
ESS
Earnings call transcript
2020 Q2
4 Aug 20
ESS
Earnings call transcript
2020 Q1
8 May 20
ESS
Earnings call transcript
2019 Q4
30 Jan 20
ESS
Earnings call transcript
2019 Q3
26 Oct 19
ESS
Earnings call transcript
2019 Q2
25 Jul 19
ESS
Earnings call transcript
2019 Q1
25 Apr 19
ESS
Earnings call transcript
2018 Q4
31 Jan 19
ESS
Earnings call transcript
2018 Q3
29 Oct 18
ESS
Earnings call transcript
2018 Q2
3 Aug 18
Latest ownership filings
SC 13G/A
COHEN & STEERS, INC.
14 Feb 23
5
THOMAS E ROBINSON
13 Feb 23
SC 13G/A
STATE STREET CORP
10 Feb 23
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10 Feb 23
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VANGUARD GROUP INC
9 Feb 23
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STATE STREET CORP
1 Feb 23
SC 13G/A
BlackRock Inc.
26 Jan 23
SC 13G/A
BlackRock Inc.
20 Jan 23
4
John Farias
13 Dec 22
4
Angela L. Kleiman
13 Dec 22
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 53.57 mm | 53.57 mm | 53.57 mm | 53.57 mm | 53.57 mm | 53.57 mm |
| Cash burn (monthly) | (no burn) | 615.25 k | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 3.59 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 49.97 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 81.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
93.3% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 510 |
| Opened positions | 78 |
| Closed positions | 74 |
| Increased positions | 193 |
| Reduced positions | 171 |
| 13F shares | Current |
|---|---|
| Total value | 12.74 tn |
| Total shares | 60.22 mm |
| Total puts | 93.80 k |
| Total calls | 49.30 k |
| Total put/call ratio | 1.9 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 10.71 mm | $2.27 tn |
| BLK Blackrock | 7.07 mm | $1.50 tn |
| STT State Street | 5.84 mm | $1.25 tn |
| PFG Principal Financial Group Inc - Registered Shares | 2.91 mm | $615.87 bn |
| Norges Bank | 2.25 mm | $476.59 bn |
| FMR | 1.44 mm | $306.16 bn |
| Geode Capital Management | 1.44 mm | $306.27 bn |
| CNS Cohen & Steers | 1.12 mm | $236.52 bn |
| T. Rowe Price | 1.07 mm | $226.60 bn |
| NTRS Northern Trust | 1.00 mm | $212.96 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 9 Dec 22 | Barbara Pak | Common Stock | Grant | Acquire A | No | No | 0 | 1,164 | 0.00 | 3,485 |
| 9 Dec 22 | Barbara Pak | Stock Option (Right to Purchase) Common Stock | Grant | Acquire A | No | No | 214.79 | 9,476 | 2.04 mm | 9,476 |
| 9 Dec 22 | Schall Michael J | Stock Option (Right to Purchase) Common Stock | Grant | Acquire A | No | No | 214.79 | 13,002 | 2.79 mm | 13,002 |
| 9 Dec 22 | Berry Adam W | Stock Option (Right to Purchase) Common Stock | Grant | Acquire A | No | No | 214.79 | 6,611 | 1.42 mm | 6,611 |
| 9 Dec 22 | Anne Morrison | Stock Option (Right to Purchase) Common Stock | Grant | Acquire A | No | No | 214.79 | 7,713 | 1.66 mm | 7,713 |
| 30 Nov 22 | Robinson Thomas E | Common Stock | Gift | Dispose G | No | No | 0 | 891 | 0.00 | 3,654 |
News
Stocks That Hit 52-Week Lows On Friday
24 Mar 23
Stocks That Hit 52-Week Lows On Thursday
23 Mar 23
Stocks That Hit 52-Week Lows On Wednesday
22 Mar 23
Truist Securities Maintains Buy on Essex Property Trust, Raises Price Target to $255
9 Mar 23
Analyst Expectations for Essex Property Trust's Future
1 Mar 23
Press releases
Essex Property Trust to Present at The 2023 Citigroup Global Property CEO Conference
3 Mar 23
Essex Announces its 29th Consecutive Annual Dividend Increase
23 Feb 23
Essex Announces Fourth Quarter and Full-Year 2022 Results and 2023 Guidance
7 Feb 23
Essex Property Trust Recognized in Newsweek's 2023 List of America's Most Responsible Companies and Bloomberg's 2023 Gender-Equality Index
31 Jan 23
Essex Reports Characteristics of 2022 Dividends
17 Jan 23