Last 7 days
-2.7%
Last 30 days
-6.4%
Last 90 days
-0.4%
Trailing 12 Months
-10.7%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-05-09 | HAWTHORNE MARIA R | acquired | - | - | 717 | - |
2023-05-09 | SCORDELIS BYRON A | acquired | - | - | 717 | - |
2022-12-09 | Pak Barbara | acquired | - | - | 1,164 | executive vice president & cfo |
2022-12-09 | Farias John | acquired | - | - | 536 | senior vice president and cao |
2022-12-02 | Johnson Amal M | bought | 109,220 | 218 | 500 | - |
2022-11-30 | ROBINSON THOMAS E | gifted | - | - | -891 | - |
2022-05-10 | MARCUS GEORGE M | acquired | - | - | 960 | - |
2022-03-29 | Kleiman Angela L. | acquired | 1,569,050 | 248 | 6,309 | sr. evp & coo |
2022-03-29 | Kleiman Angela L. | sold | -2,234,710 | 354 | -6,309 | sr. evp & coo |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | added | 94.84 | 13,532,000 | 24,974,000 | 0.02% |
2023-09-12 | Farther Finance Advisors, LLC | added | 0.32 | 8,009 | 72,633 | 0.02% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 6,943 | 72,480 | 0.01% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 57,868 | 538,890 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | reduced | -12.04 | 3,439 | 909,439 | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 755 | 7,029 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | reduced | -1.59 | 134,323 | 1,445,630 | 0.01% |
2023-08-22 | US Asset Management LLC | sold off | -100 | -45,000 | - | -% |
2023-08-21 | BOKF, NA | reduced | -58.28 | -47,782 | 41,939 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -2.72 | 112,000 | 1,364,000 | 0.01% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 14, 2023 | cohen & steers, inc. | 1.75% | 1,134,467 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 16.54% | 10,708,186 | SC 13G/A | |
Feb 01, 2023 | state street corp | 9.05% | 5,861,505 | SC 13G/A | |
Jan 26, 2023 | blackrock inc. | 10.9% | 7,074,866 | SC 13G/A | |
Jan 20, 2023 | blackrock inc. | 10.9% | 7,074,866 | SC 13G/A | |
Feb 14, 2022 | cohen & steers, inc. | 8.49% | 5,527,850 | SC 13G/A | |
Feb 11, 2022 | state street corp | 7.56% | 4,922,335 | SC 13G/A | |
Feb 10, 2022 | vanguard group inc | 16.03% | 10,430,735 | SC 13G/A | |
Jan 27, 2022 | blackrock inc. | 10.3% | 6,686,520 | SC 13G/A | |
Jan 26, 2022 | blackrock inc. | 10.3% | 6,686,520 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 07, 2023 | 8-K | Current Report | |
Aug 28, 2023 | 8-K | Current Report | |
Jul 28, 2023 | 10-Q | Quarterly Report | |
Jul 27, 2023 | 8-K | Current Report |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 48.1B | 4.4B | -0.64% | -17.74% | 11.24 | 10.95 | 14.80% | 87.79% |
DLR | 36.9B | 5.1B | 0.18% | 16.53% | 86.19 | 7.19 | 13.73% | -68.04% |
EQR | 22.8B | 2.0B | -3.50% | -10.37% | 27.35 | 11.3 | -22.97% | -33.54% |
ARE | 20.0B | 2.7B | -10.04% | -26.51% | 26.64 | 7.46 | 15.16% | 88.51% |
KIM | 11.0B | 1.8B | -3.28% | -9.24% | 27.11 | 6.23 | 6.75% | -42.80% |
MID-CAP | ||||||||
FRT | 7.6B | 1.1B | -2.20% | 0.81% | 19.53 | 6.84 | 8.31% | 38.10% |
KRG | 4.7B | 820.5M | 1.11% | 18.25% | 167.75 | 5.74 | 29.95% | 125.56% |
VNO | 4.3B | 1.8B | 8.98% | -6.64% | -11.49 | 2.34 | 5.60% | -286.96% |
MAC | 2.4B | 866.2M | 3.43% | 32.37% | -27.99 | 2.82 | 0.51% | -335.26% |
SMALL-CAP | ||||||||
SLG | 2.4B | 882.0M | 14.11% | -6.27% | -5.46 | 2.74 | 11.76% | -239.94% |
SKT | 2.4B | 426.3M | -1.62% | 51.64% | 25.05 | 5.56 | 1.38% | 137.97% |
PGRE | 1.0B | 732.3M | - | -27.89% | -12.06 | 1.4 | -0.03% | -4012.90% |
AIV | 1.0B | 339.3M | -10.86% | -15.80% | -5.75 | 2.99 | 88.48% | -168.70% |
6.7%
1.9%
0.2%
4.8%
50.8%
37.3%
20%
Y-axis is the maximum loss one would have experienced if Essex Property Trust was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 1.0% | 1,653 | 1,637 | 1,607 | 1,563 | 1,516 | 1,467 | 1,441 | 1,431 | 1,439 | 1,459 | 1,496 | 1,509 | 1,505 | 1,496 | 1,460 | 1,438 | 1,422 | 1,409 | 1,400 | 1,392 | 1,385 |
Costs and Expenses | 0.9% | 1,128 | 1,118 | 1,106 | 1,095 | 1,082 | 1,068 | 1,054 | 1,059 | 1,056 | 1,066 | 1,069 | 1,049 | 1,027 | 997 | 976 | 964 | 958 | 954 | 950 | 939 | 934 |
S&GA Expenses | 1.2% | 60.00 | 60.00 | 57.00 | 58.00 | 55.00 | 54.00 | 52.00 | 58.00 | 58.00 | 61.00 | 65.00 | 58.00 | 56.00 | 55.00 | 54.00 | 56.00 | 55.00 | 52.00 | 53.00 | 47.00 | 46.00 |
EBITDA | - | - | - | - | - | - | - | 857 | 860 | 866 | 874 | 880 | 872 | 862 | 848 | 835 | 832 | 833 | 835 | - | - | - |
EBITDA Margin | - | - | - | - | - | - | - | 0.60* | 0.60* | 0.60* | 0.60* | 0.59* | 0.58* | 0.57* | 0.57* | 0.57* | 0.58* | 0.59* | 0.59* | - | - | - |
Interest Expenses | 1.0% | 208 | 205 | 205 | 203 | 201 | 202 | 203 | 208 | 214 | 217 | 221 | 220 | 219 | 219 | 217 | 217 | 217 | 219 | 220 | 222 | 223 |
EBT Margin | - | - | - | - | - | - | - | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.10* | - | - | - |
Net Income | 8.5% | 560 | 516 | 433 | 383 | 409 | 417 | 516 | 473 | 427 | 448 | 599 | 633 | 660 | 668 | 464 | 454 | 434 | 442 | 414 | 399 | 398 |
Net Income Margin | -100.0% | - | 0.32* | 0.27* | 0.24* | 0.27* | 0.28* | 0.36* | 0.33* | 0.30* | 0.31* | 0.40* | 0.42* | 0.44* | 0.45* | 0.32* | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 937 | 976 | 1,014 | 987 | 1,025 | 905 | 850 | 805 | 731 | 803 | 866 | 915 | 930 | 919 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | -0.3% | 12,245 | 12,280 | 12,373 | 12,624 | 12,558 | 12,770 | 12,998 | 12,789 | 12,747 | 12,790 | 12,936 | 13,401 | 13,177 | 13,451 | 12,705 | 12,998 | 12,671 | 12,578 | 12,384 | 12,518 | 12,556 |
Cash Equivalents | -10.0% | 61.00 | 68.00 | 33.00 | 43.00 | 38.00 | 98.00 | 48.00 | 50.00 | 48.00 | 103 | 74.00 | 558 | 246 | 272 | 81.00 | 74.00 | 38.00 | 107 | 151 | 157 | 161 |
Liabilities | 0.0% | 6,452 | 6,453 | 6,451 | 6,714 | 6,518 | 6,592 | 6,787 | 6,624 | 6,575 | 6,543 | 6,721 | 7,103 | 6,791 | 7,000 | 6,264 | 6,544 | 6,289 | 6,224 | 5,954 | 6,045 | 6,045 |
Shareholder's Equity | -3.6% | 5,585 | 5,797 | 5,716 | 5,703 | 6,007 | 6,138 | 6,177 | 6,132 | 6,137 | 6,211 | 6,183 | 6,267 | 6,353 | 6,418 | 6,404 | 6,415 | 6,345 | 6,317 | 6,394 | 6,436 | 6,475 |
Additional Paid-In Capital | 0.0% | 6,657 | 6,657 | 6,750 | 6,776 | 6,876 | 6,930 | 6,916 | 6,876 | 6,863 | 6,864 | 6,876 | 6,922 | 6,945 | 6,960 | 7,122 | 7,132 | 7,032 | 7,028 | 7,093 | 7,134 | 7,132 |
Shares Outstanding | 0.0% | 64.00 | 64.00 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 66.00 | 66.00 | 66.00 | 66.00 | 66.00 | 66.00 | 66.00 | 66.00 |
Minority Interest | -0.8% | 177 | 178 | 179 | 178 | 179 | 181 | 183 | 183 | 183 | 186 | 183 | 184 | 187 | 190 | 183 | 190 | 190 | 126 | 127 | 119 | 120 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 1.8% | 954 | 937 | 976 | 1,014 | 987 | 1,025 | 905 | 850 | 805 | 731 | 803 | 866 | 915 | 930 | 919 | 852 | 833 | 814 | 827 | 827 | 821 |
Share Based Compensation | -9.7% | 6.00 | 7.00 | 7.00 | 8.00 | 8.00 | 8.00 | 7.00 | 9.00 | 8.00 | 8.00 | 8.00 | 5.00 | 6.00 | 6.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 12.00 | 12.00 |
Cashflow From Investing | -89.7% | 10.00 | 95.00 | 146 | -371 | -290 | -438 | -397 | -210 | -134 | 176 | -416 | -125 | -484 | -754 | -527 | -628 | -332 | -180 | -59.89 | -218 | -363 |
Cashflow From Financing | 11.3% | -943 | -1,064 | -1,137 | -649 | -706 | -591 | -533 | -1,147 | -868 | -1,076 | -383 | -262 | -229 | -17.94 | -461 | -306 | -623 | -648 | -676 | -497 | -479 |
Buy Backs | -21.3% | 225 | 285 | 190 | 158 | 61.00 | - | 9.00 | 55.00 | 82.00 | 102 | 269 | 223 | 196 | 176 | 57.00 | 104 | 104 | 104 | 51.00 | 4.00 | 4.00 |
EPT - Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Revenues: | ||||
Rental and other property | $ 413,265 | $ 397,240 | $ 822,921 | $ 776,456 |
Management and other fees from affiliates | 2,778 | 2,738 | 5,543 | 5,427 |
Revenues | 416,043 | 399,978 | 828,464 | 781,883 |
Expenses: | ||||
Property operating, excluding real estate taxes | 73,843 | 69,761 | 147,725 | 138,619 |
Real estate taxes | 45,381 | 43,759 | 91,911 | 91,001 |
Corporate-level property management expenses | 11,451 | 10,176 | 22,883 | 20,348 |
Depreciation and amortization | 136,718 | 134,517 | 273,065 | 268,050 |
General and administrative | 13,813 | 13,127 | 29,124 | 25,369 |
Expensed acquisition and investment related costs | 5 | 10 | 344 | 18 |
Casualty loss | 0 | 0 | 433 | 0 |
Total expenses | 281,211 | 271,350 | 565,485 | 543,405 |
Gain on sale of real estate and land | 0 | 0 | 59,238 | 0 |
Earnings from operations | 134,832 | 128,628 | 322,217 | 238,478 |
Interest expense | (52,600) | (50,477) | (103,645) | (100,854) |
Total return swap income | 821 | 2,283 | 1,854 | 4,827 |
Interest and other income (loss) | 12,199 | (17,208) | 24,649 | (24,775) |
Equity income (loss) from co-investments | 12,237 | (8,400) | 23,108 | 12,771 |
Deferred tax (expense) benefit on unconsolidated co-investments | (1,733) | 6,864 | (833) | 9,618 |
Net income | 105,756 | 61,690 | 267,350 | 140,065 |
Net income attributable to noncontrolling interest | (6,136) | (4,636) | (14,198) | (9,757) |
Net income available to common stockholders | 99,620 | 57,054 | 253,152 | 130,308 |
Comprehensive income | 121,142 | 73,400 | 272,442 | 172,256 |
Comprehensive income attributable to noncontrolling interest | (6,659) | (5,029) | (14,371) | (10,842) |
Comprehensive income attributable to controlling interest | $ 114,483 | $ 68,371 | $ 258,071 | $ 161,414 |
Basic: | ||||
Net income available to common stockholders (in dollars per share) | $ 1.55 | $ 0.87 | $ 3.94 | $ 2.00 |
Weighted average number of shares outstanding during the period (in shares) | 64,182,555 | 65,262,517 | 64,319,783 | 65,269,109 |
Diluted: | ||||
Net income available to common stockholders (in dollars per share) | $ 1.55 | $ 0.87 | $ 3.94 | $ 2.00 |
Weighted average number of shares outstanding during the period (in shares) | 64,183,675 | 65,289,603 | 64,320,898 | 65,307,572 |
EPT - Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Rental properties: | ||
Land and land improvements | $ 3,036,912 | $ 3,043,321 |
Buildings and improvements | 12,984,143 | 12,922,906 |
Total rental properties | 16,021,055 | 15,966,227 |
Less: accumulated depreciation | (5,390,935) | (5,152,133) |
Net real estate | 10,630,120 | 10,814,094 |
Real estate under development | 22,668 | 24,857 |
Co-investments | 1,122,114 | 1,127,491 |
Total real estate | 11,774,902 | 11,966,442 |
Cash and cash equivalents-unrestricted | 60,949 | 33,295 |
Cash and cash equivalents-restricted | 8,165 | 9,386 |
Marketable securities, net of allowance for credit losses of zero as of both June 30, 2023 and December 31, 2022 | 102,131 | 112,743 |
Notes and other receivables, net of allowance for credit losses of $0.6 million and $0.3 million as of June 30, 2023 and December 31, 2022, respectively (includes related party receivables of $6.1 million and $7.0 million as of June 30, 2023 and December 31, 2022, respectively) | 150,464 | 103,045 |
Operating lease right-of-use assets | 65,505 | 67,239 |
Prepaid expenses and other assets | 83,157 | 80,755 |
Total assets | 12,245,273 | 12,372,905 |
LIABILITIES AND EQUITY | ||
Unsecured debt, net | 5,315,336 | 5,312,168 |
Mortgage notes payable, net | 592,143 | 593,943 |
Lines of credit | 34,429 | 52,073 |
Accounts payable and accrued liabilities | 172,946 | 165,461 |
Construction payable | 22,089 | 23,159 |
Dividends payable | 155,739 | 149,166 |
Distributions in excess of investments in co-investments | 47,934 | 42,532 |
Operating lease liabilities | 66,857 | 68,696 |
Other liabilities | 44,440 | 43,441 |
Total liabilities | 6,451,913 | 6,450,639 |
Commitments and contingencies | ||
Redeemable noncontrolling interest | 31,355 | 27,150 |
Equity: | ||
Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,183,304 and 64,604,603 shares issued and outstanding, respectively | 6 | 6 |
Additional paid-in capital | 6,657,481 | 6,750,076 |
Distributions in excess of accumulated earnings | (1,123,594) | (1,080,176) |
Accumulated other comprehensive income, net | 51,385 | 46,466 |
Total stockholders' equity | 5,585,278 | 5,716,372 |
Noncontrolling interest | 176,727 | 178,744 |
Total equity | 5,762,005 | 5,895,116 |
Total liabilities and equity | $ 12,245,273 | $ 12,372,905 |