Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.29B | $1.36B | $9.18M | $9.53M | $9.60M | $9.14M | $11.1M | $11.1M | $10.3M | $9.38M |
| Revenue growth | — | 5.4% | -99.3% | 3.7% | 0.7% | -4.8% | 21.9% | -0.1% | -7.8% | -8.6% |
| Gross profit | — | — | — | — | — | — | $1.13B | $1.17B | $1.24B | $1.32B |
| Gross margin | — | — | — | — | — | — | 10130.2% | 10515.7% | 12105.7% | 14060.1% |
| Operating income | $421M | $473M | $512M | $481M | $491M | $530M | $595M | $584M | $703M | $899M |
| Operating margin | 32.5% | 34.7% | 5575.4% | 5050.0% | 5120.2% | 5799.9% | 5343.6% | 5249.7% | 6849.4% | 9586.6% |
| Net income | $438M | $458M | $414M | $464M | $599M | $516M | $433M | $431M | $811M | $703M |
| Net margin | 33.9% | 33.6% | 4504.0% | 4875.1% | 6244.3% | 5643.4% | 3887.1% | 3869.4% | 7903.6% | 7491.5% |
| EPS (diluted) | $6.27 | $6.57 | $5.90 | $6.66 | $8.69 | $7.51 | $6.27 | $6.32 | $11.54 | $10.40 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $717M | $770M | $827M | $919M | $803M | $905M | $976M | $980M | $1.07B | $1.07B |
| Share buybacks | $1.04M | $0.00 | $51.2M | $57.0M | $269M | $9.17M | $190M | $95.7M | $0.00 | $0.00 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $64.9M | $44.6M | $134M | $70.1M | $73.6M | $48.4M | $33.3M | $392M | $66.8M | $76.2M |
| Total assets | $12.2B | $12.5B | $12.4B | $12.7B | $12.9B | $13.0B | $12.4B | $12.4B | $12.9B | $13.2B |
| Total liabilities | $5.88B | $6.06B | $5.95B | $6.26B | $6.72B | $6.79B | $6.45B | $6.74B | $7.18B | $7.42B |
| Long-term debt | $2.19B | $2.01B | $1.81B | $991M | $644M | $639M | — | — | — | — |
| Shareholders' equity | $6.19B | $6.28B | $6.27B | $6.22B | $6.00B | $5.99B | $5.72B | $5.42B | $5.54B | $5.54B |
| Shares (wtd avg diluted) | 65.6M | 65.9M | 66.1M | 65.9M | 65.6M | 65.1M | 65.1M | 64.3M | 64.3M | 64.4M |
Every figure is extracted from ESSEX PROPERTY TRUST, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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