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Essex Property Trust (ESS)

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.

ESS stock data

Calendar

27 Apr 22
2 Jul 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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) 108.55M 108.55M 108.55M 108.55M 108.55M 108.55M
Cash burn (monthly) (no burn) 400.58K (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 1.23M n/a n/a n/a n/a
Cash remaining n/a 107.32M n/a n/a n/a n/a
Runway (months of cash) n/a 267.9 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 May 22 Johnson Amal M Stock Option (Right to Purchase) Common Stock Grant Acquire A No No 286.48 6,130 1.76M 6,130
10 May 22 Robinson Thomas E Stock Option (Right to Purchase) Common Stock Grant Acquire A No No 286.48 6,130 1.76M 6,130
10 May 22 Guericke Keith R Stock Option (Right to Purchase) Common Stock Grant Acquire A No No 286.48 6,130 1.76M 6,130
10 May 22 Scordelis Byron A Stock Option (Right to Purchase) Common Stock Grant Acquire A No No 286.48 6,130 1.76M 6,130
10 May 22 Hawthorne Maria R Stock Option (Right to Purchase) Common Stock Grant Acquire A No No 286.48 6,130 1.76M 6,130
93.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 545 549 -0.7%
Opened positions 60 89 -32.6%
Closed positions 64 51 +25.5%
Increased positions 207 204 +1.5%
Reduced positions 192 168 +14.3%
13F shares Current Prev Q Change
Total value 20.91B 21.82B -4.1%
Total shares 60.8M 62.47M -2.7%
Total puts 14.2K 38.1K -62.7%
Total calls 119.7K 85.3K +40.3%
Total put/call ratio 0.1 0.4 -73.4%
Largest owners Shares Value Change
Vanguard 10.61M $3.67B +1.8%
BLK Blackrock 6.45M $2.23B -3.6%
STT State Street 5.22M $1.81B +6.5%
CNS Cohen & Steers 5.05M $1.74B -7.6%
PFG Principal Financial Group Inc - Registered Shares 2.91M $1.01B +3.1%
Resolution Capital 1.65M $570.41M -0.4%
Geode Capital Management 1.45M $499.28M +4.2%
FMR 1.31M $452.64M +56.5%
TROW T. Rowe Price 1.12M $386.29M +22.2%
NTRS Northern Trust 1.1M $381.45M +3.5%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -2.05M EXIT
Castleview Partners 0 -537.26K EXIT
FMR 1.31M +472.79K +56.5%
CNS Cohen & Steers 5.05M -415.83K -7.6%
STT State Street 5.22M +316.87K +6.5%
DSECF Daiwa Securities 816.73K -275.88K -25.2%
Boston Partners 858.46K +258.58K +43.1%
BLK Blackrock 6.45M -239.93K -3.6%
Lasalle Investment Management Securities 237.73K +214.13K +907.1%
CFS Investment Advisory Services 210.74K +210.74K NEW

Financial report summary

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Management Discussion
  • Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • Essex is a self-administered and self-managed REIT that acquires, develops, redevelops, and manages apartment communities in selected residential areas located on the West Coast of the United States. Essex owns all of its interests in its real estate investments, directly or indirectly, through the Operating Partnership. Essex is the sole general partner of the Operating Partnership and, as of December 31, 2021, had an approximately 96.6% general partner interest in the Operating Partnership.
  • The Company’s investment strategy has two components: constant monitoring of existing markets, and evaluation of new markets to identify areas with the characteristics that underlie rental growth. The Company’s strong financial condition supports its investment strategy by enhancing its ability to quickly shift acquisition, development, redevelopment, and disposition activities to markets that will optimize the performance of the Company's portfolio.

Content analysis

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