Last 7 days
0.3%
Last 30 days
2.1%
Last 90 days
-8.3%
Trailing 12 Months
-24.4%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 50.3B | 4.3B | -0.67% | -7.84% | 11.56 | 11.69 | 18.80% | 113.99% |
DLR | 28.8B | 4.9B | 1.25% | -24.57% | 77.2 | 5.88 | 9.82% | -73.28% |
EQR | 22.6B | 2.0B | -1.01% | -20.50% | 24.61 | 11.43 | -20.93% | -31.79% |
ARE | 19.1B | 2.7B | -6.88% | -30.41% | 25.48 | 7.14 | 18.91% | 81.13% |
KIM | 13.2B | 1.7B | -4.07% | -25.83% | 104.43 | 7.61 | 15.49% | -81.09% |
MID-CAP | ||||||||
FRT | 7.1B | 1.1B | -8.04% | -21.25% | 18.25 | 6.51 | 10.19% | 46.60% |
KRG | 4.3B | 814.4M | -2.26% | -4.29% | 465.69 | 5.23 | 63.41% | 107.43% |
VNO | 2.6B | 1.8B | -10.72% | -60.29% | -6.95 | 1.42 | 9.23% | -286.27% |
MAC | 2.0B | 857.9M | -0.32% | -17.87% | -23.05 | 2.35 | -1.75% | -315.36% |
SMALL-CAP | ||||||||
SKT | 2.1B | 421.5M | 12.31% | 19.76% | 23.93 | 5.05 | 1.34% | 437.34% |
SLG | 1.4B | 862.4M | -3.29% | -61.71% | -11.46 | 1.67 | 7.01% | -127.00% |
AIV | 1.2B | 184.6M | 6.32% | 29.74% | 12.67 | 6.33 | 2.55% | 1950.56% |
PGRE | 923.1M | 745.2M | 2.66% | -52.44% | -24.26 | 1.24 | 2.17% | -183.81% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Revenue | 1.9% | 1,637 | 1,607 | 1,563 | 1,516 | 1,467 |
S&GA Expenses | 5.4% | 60.00 | 57.00 | 58.00 | 55.00 | 54.00 |
Costs and Expenses | 1.1% | 1,118 | 1,106 | 1,095 | 1,082 | 1,068 |
Interest Expenses | 0.3% | 205 | 205 | 203 | 201 | 202 |
Net Income | 19.2% | 516 | 433 | 383 | 409 | 417 |
Net Income Margin | 10.0% | 0.27* | 0.24* | 0.27* | 0.28* | - |
Free Cahsflow | -3.8% | 976 | 1,014 | 987 | 1,025 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Assets | -0.8% | 12,280 | 12,373 | 12,624 | 12,558 | 12,770 |
Cash Equivalents | 103.4% | 68.00 | 33.00 | 43.00 | 38.00 | 98.00 |
Liabilities | 0.0% | 6,453 | 6,451 | 6,714 | 6,518 | 6,592 |
Long Term Debt | 0.0% | 5,985 | 5,986 | 5,987 | - | - |
Shareholder's Equity | -1.7% | 5,619 | 5,716 | 5,703 | 6,007 | 6,138 |
Additional Paid-In Capital | -1.4% | 6,657 | 6,750 | 6,776 | 6,876 | 6,930 |
Shares Outstanding | -0.7% | 64.00 | 65.00 | 65.00 | 65.00 | 65.00 |
Minority Interest | -0.4% | 178 | 179 | 178 | 179 | 181 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Cashflow From Operations | -3.9% | 937 | 976 | 1,014 | 987 | 1,025 |
Share Based Compensation | -4.5% | 7.00 | 7.00 | 8.00 | 8.00 | 8.00 |
Cashflow From Investing | -34.6% | 95.00 | 146 | -371 | -290 | -438 |
Cashflow From Financing | 6.4% | -1,064 | -1,137 | -649 | -706 | -591 |
Buy Backs | 50.4% | 285 | 190 | 158 | 61.00 | 0.00 |
45%
33.1%
20%
Y-axis is the maximum loss one would have experienced if Essex Property Trust was unfortunately bought at previous high price.
5.5%
1.7%
0.6%
-2.7%
FIve years rolling returns for Essex Property Trust.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-05-23 | Toroso Investments, LLC | reduced | -57.01 | -1,445,000 | 1,064,000 | 0.02% |
2023-05-23 | Front Row Advisors LLC | added | 46.38 | 6,000 | 21,000 | 0.01% |
2023-05-22 | AMERIPRISE FINANCIAL INC | added | 25.72 | 27,778,000 | 141,548,000 | 0.05% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | reduced | -3.08 | -748,000 | 16,430,000 | 0.02% |
2023-05-18 | JPMORGAN CHASE & CO | added | 4.31 | 4,323,140 | 151,059,000 | 0.02% |
2023-05-18 | SkyView Investment Advisors, LLC | new | - | - | - | -% |
2023-05-17 | Chevy Chase Trust Holdings, LLC | added | 0.8 | -41,005 | 7,851,740 | 0.03% |
2023-05-17 | KB FINANCIAL PARTNERS, LLC | unchanged | - | - | 1,000 | -% |
2023-05-17 | Advisory Services Network, LLC | new | - | 32,417 | 32,417 | -% |
2023-05-17 | VIRGINIA RETIREMENT SYSTEMS ET AL | reduced | -24.57 | -4,760,910 | 9,237,800 | 0.10% |
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 |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 87.33 -58.49% | 114.70 -45.48% | 155.81 -25.94% | 190.38 -9.51% | 220.38 4.75% |
Current Inflation | 82.45 -60.81% | 106.23 -49.51% | 140.67 -33.14% | 169.56 -19.40% | 194.57 -7.51% |
Very High Inflation | 76.33 -63.72% | 95.88 -54.43% | 122.77 -41.64% | 145.33 -30.92% | 164.80 -21.67% |
Date Filed | Form Type | Document | |
---|---|---|---|
May 17, 2023 | 4/A | Insider Trading | |
May 11, 2023 | 4 | Insider Trading | |
May 11, 2023 | 4 | Insider Trading | |
May 11, 2023 | 4 | Insider Trading | |
May 11, 2023 | 4 | Insider Trading | |
May 11, 2023 | 4 | Insider Trading | |
May 11, 2023 | 4 | Insider Trading | |
May 11, 2023 | 4 | Insider Trading | |
May 11, 2023 | 4 | Insider Trading | |
May 11, 2023 | 8-K | Current Report |
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 |
EPT - Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
Revenues: | ||
Rental and other property | $ 409,656 | $ 379,216 |
Management and other fees from affiliates | 2,765 | 2,689 |
Revenues | 412,421 | 381,905 |
Expenses: | ||
Property operating, excluding real estate taxes | 73,882 | 68,858 |
Real estate taxes | 46,530 | 47,242 |
Corporate-level property management expenses | 11,432 | 10,172 |
Depreciation and amortization | 136,347 | 133,533 |
General and administrative | 15,311 | 12,242 |
Expensed acquisition and investment related costs | 339 | 8 |
Casualty loss | 433 | 0 |
Total expenses | 284,274 | 272,055 |
Gain on sale of real estate and land | 59,238 | 0 |
Earnings from operations | 187,385 | 109,850 |
Interest expense | (51,045) | (50,377) |
Total return swap income | 1,033 | 2,544 |
Interest and other income (loss) | 12,450 | (7,567) |
Equity income from co-investments | 10,871 | 21,171 |
Deferred tax benefit on unconsolidated co-investments | 900 | 2,754 |
Net income | 161,594 | 78,375 |
Net income attributable to noncontrolling interest | (8,062) | (5,121) |
Net income available to common stockholders | 153,532 | 73,254 |
Comprehensive income | 151,300 | 98,856 |
Comprehensive income attributable to noncontrolling interest | (7,712) | (5,813) |
Comprehensive income attributable to controlling interest | $ 143,588 | $ 93,043 |
Basic: | ||
Net income available to common stockholders (in dollars per share) | $ 2.38 | $ 1.12 |
Weighted average number of shares outstanding during the period (in shares) | 64,458,535 | 65,275,775 |
Diluted: | ||
Net income available to common stockholders (in dollars per share) | $ 2.38 | $ 1.12 |
Weighted average number of shares outstanding during the period (in shares) | 64,459,689 | 65,339,378 |
EPT - Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
---|---|---|
Rental properties: | ||
Land and land improvements | $ 3,031,415 | $ 3,043,321 |
Buildings and improvements | 12,910,492 | 12,922,906 |
Total rental properties | 15,941,907 | 15,966,227 |
Less: accumulated depreciation | (5,254,874) | (5,152,133) |
Net real estate | 10,687,033 | 10,814,094 |
Real estate under development | 21,909 | 24,857 |
Co-investments | 1,131,183 | 1,127,491 |
Total real estate | 11,840,125 | 11,966,442 |
Cash and cash equivalents-unrestricted | 67,712 | 33,295 |
Cash and cash equivalents-restricted | 9,446 | 9,386 |
Marketable securities, net of allowance for credit losses of zero as of both March 31, 2023 and December 31, 2022 | 107,002 | 112,743 |
Notes and other receivables, net of allowance for credit losses of $0.4 million and $0.3 million as of March 31, 2023 and December 31, 2022, respectively (includes related party receivables of $6.9 million and $7.0 million as of March 31, 2023 and December 31, 2022, respectively) | 120,586 | 103,045 |
Operating lease right-of-use assets | 66,373 | 67,239 |
Prepaid expenses and other assets | 68,530 | 80,755 |
Total assets | 12,279,774 | 12,372,905 |
LIABILITIES AND EQUITY | ||
Unsecured debt, net | 5,313,701 | 5,312,168 |
Mortgage notes payable, net | 593,147 | 593,943 |
Lines of credit | 457 | 52,073 |
Accounts payable and accrued liabilities | 208,072 | 165,461 |
Construction payable | 19,810 | 23,159 |
Dividends payable | 155,720 | 149,166 |
Distributions in excess of investments in co-investments | 50,309 | 42,532 |
Operating lease liabilities | 67,772 | 68,696 |
Other liabilities | 43,721 | 43,441 |
Total liabilities | 6,452,709 | 6,450,639 |
Commitments and contingencies | ||
Redeemable noncontrolling interest | 30,208 | 27,150 |
Equity: | ||
Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,181,614 and 64,604,603 shares issued and outstanding, respectively | 6 | 6 |
Additional paid-in capital | 6,657,183 | 6,750,076 |
Distributions in excess of accumulated earnings | (1,074,930) | (1,080,176) |
Accumulated other comprehensive income, net | 36,522 | 46,466 |
Total stockholders' equity | 5,618,781 | 5,716,372 |
Noncontrolling interest | 178,076 | 178,744 |
Total equity | 5,796,857 | 5,895,116 |
Total liabilities and equity | $ 12,279,774 | $ 12,372,905 |