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ESS Essex Property Trust

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
CEO
Michael Schall
Employees
Incorporated
Location
Fiscal year end
Former names
ESSEX PORTFOLIO LP, ESSEX PROPERTY TRUST INC
SEC CIK
IRS number
770369576

ESS stock data

(
)

Calendar

28 Apr 21
24 Jun 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 84.04M 84.04M 84.04M 84.04M 84.04M 84.04M
Cash burn (monthly) 161.68M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 935.74M n/a n/a n/a n/a n/a
Cash remaining -851.7M n/a n/a n/a n/a n/a
Runway (months of cash) -5.3 n/a 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
12 May 21 Robinson Thomas E Common Stock Sell Dispose S No No 280.32 2,838 795.55K 4,545
12 May 21 Robinson Thomas E Common Stock Option exercise Aquire M No No 179.48 2,838 509.36K 7,383
12 May 21 Robinson Thomas E Stock Option (Right to Purchase) Common Stock Option exercise Dispose M No No 179.48 2,838 509.36K 0
11 May 21 Kasaris Mary Common Stock Grant Aquire A No No 0 517 0 1,170
11 May 21 Marcus George M Common Stock Grant Aquire A No No 0 947 0 132,145
11 May 21 Johnson Amal M Stock Option (Right to Purchase) Common Stock Grant Aquire A No No 290.53 4,948 1.44M 4,948
11 May 21 Lyons Irving F Iii Stock Option (Right to Purchase) Common Stock Grant Aquire A No No 290.53 4,948 1.44M 4,948

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

92.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 505 506 -0.2%
Opened positions 56 82 -31.7%
Closed positions 57 48 +18.8%
Increased positions 180 172 +4.7%
Reduced positions 188 198 -5.1%
13F shares
Current Prev Q Change
Total value 16.32B 14.86B +9.9%
Total shares 60M 62.55M -4.1%
Total puts 107.2K 134.1K -20.1%
Total calls 78.3K 60K +30.5%
Total put/call ratio 1.4 2.2 -38.7%
Largest owners
Shares Value Change
Vanguard 10.27M $2.79B +1.1%
BLK Blackrock 6.63M $1.8B +4.2%
CNS Cohen & Steers 5.2M $1.41B -3.2%
STT State Street 4.81M $1.32B -3.6%
PFG Principal Financial Group Inc - Registered Shares 2.87M $781.2M +1.5%
JPM JPMorgan Chase & Co. 1.49M $406.08M +44.2%
Geode Capital Management 1.34M $362.3M +0.8%
DSECF Daiwa Securities 1.25M $340.96M -11.4%
NTRS Northern Trust 1.16M $316.41M -8.6%
Dimensional Fund Advisors 1.05M $284.89M -2.3%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -2.05M EXIT
PGGM Investments 757.97K +658.6K +662.7%
JPM JPMorgan Chase & Co. 1.49M +457.61K +44.2%
DB Deutsche Bank AG - Registered Shares 208.22K -442.26K -68.0%
American Century Companies 544.78K +415.69K +322.0%
Long Pond Capital 0 -319.88K EXIT
BLK Blackrock 6.63M +264.56K +4.2%
Centersquare Investment Management 854.21K +248.97K +41.1%
RY Royal Bank Of Canada 191.27K -238.7K -55.5%
Russell Investments 294.89K -228.6K -43.7%

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, 2020, 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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H.S. freshman Avg
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