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ESS| Name | Value |
|---|---|
| Revenues | 450.7M |
| Cost of Revenue | 61.1M |
| Gross Profit | 389.6M |
| Operating Expense | 175.1M |
| Operating I/L | 128.8M |
| Other Income/Expense | 82.0M |
| Interest Income | 11.4M |
| Pretax | 210.8M |
| Income Tax Expense | 233.6M |
| Net Income/Loss | 118.4M |
Essex Property Trust, Inc. is a fully integrated real estate investment trust (REIT) focused on acquiring, developing, redeveloping, and managing multifamily residential properties in selected West Coast markets. With ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes and 6 properties in active development, Essex generates revenue through property rental income, property appreciation, and development projects. The company's business model revolves around providing high-quality residential spaces and leveraging market demand for rental properties in the West Coast region.
