Essex Property Trust

ESS Real Estate Market cap $17.7B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 30, 2026

Revenue$0.49B +4% year over year

Gross profit$0.35B 71% margin

Operating profit$0.11B 22% margin

Net profit$0.07B 14% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	0.49	100%	+4%
Northern California	0.21	42%
Southern California	0.20	40%
Seattle metro	0.08	16%
Other real estate assets	0.01	2%
Other revenue	<0.01	0%
Cost of revenue	−0.14	29%
Gross profit	0.35	71% margin	+0pp
G&A	−0.07	15%	+11pp
Other	−0.16	33%
Operating profit	0.11	22% margin	−37pp
Interest & other costs	−0.04
Net profit	0.07	14% margin	−36pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	0.49	100%	+4%
Rental income	0.48	98%
Other property	0.01	2%
Management	<0.01	0%
Cost of revenue	−0.14	30%
Gross profit	0.34	70% margin	+1pp
G&A	−0.02	4%	+1pp
Other	−0.17	34%	+0pp
Operating profit	0.16	32% margin	−23pp
Interest & other costs	−0.04
Net profit	0.11	23% margin	−23pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.48	100%	+6%
Seattle metro	0.31	65%
Non-residential/other, net	0.07	14%
Other real estate assets	0.04	8%
Other property	0.03	6%
Other revenue	0.02	5%
Management	0.01	2%
Straight line rent	<0.01	0%
Cost of revenue	−0.14	30%
Gross profit	0.34	70% margin	+0pp
G&A	−0.02	4%	−3pp
Other	−0.16	34%	+0pp
Operating profit	0.15	32% margin	−35pp
Interest & other costs	−0.07
Net profit	0.09	18% margin	−49pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.47	100%	+5%
Northern California	0.19	41%
Southern California	0.19	40%
Acquisitions	0.04	9%
Other revenue	0.01	3%
Non-residential/other, net	0.01	3%
Other real estate assets	0.01	2%
Other property	0.01	2%
Management	<0.01	0%
Cost of revenue	−0.15	31%
Gross profit	0.33	69% margin	+0pp
G&A	−0.02	4%	−3pp
Other	−0.10	21%	+0pp
Operating profit	0.21	44% margin	+16pp
Interest & other costs	−0.04
Net profit	0.17	36% margin	+9pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.47	100%	+6%
Northern California	0.19	41%
Southern California	0.19	40%
Seattle metro	0.08	17%
Other real estate assets	0.01	2%
Management	<0.01	0%
Cost of revenue	−0.14	29%
Gross profit	0.33	71% margin	+0pp
G&A	−0.02	4%	−1pp
Other	−0.04	7%	+0pp
Operating profit	0.28	60% margin	+28pp
Interest & other costs	−0.05
Net profit	0.23	49% margin	+27pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 30, 2026 Operating margin 22% Net profit $0.07B	Apr 1 – Jun 30, 2026	Jul 30, 2026	$0.49B	+4%	22%	$0.07B	14%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 29, 2026 Operating margin 32% Net profit $0.11B	Jan 1 – Mar 31, 2026	Apr 29, 2026	$0.49B	+4%	32%	$0.11B	23%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 20, 2026 Operating margin 32% Net profit $0.09B	Oct 1 – Dec 31, 2025	Feb 20, 2026	$0.48B	+6%	32%	$0.09B	18%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 30, 2025 Operating margin 44% Net profit $0.17B	Jul 1 – Sep 30, 2025	Oct 30, 2025	$0.47B	+5%	44%	$0.17B	36%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Jul 30, 2025 Operating margin 60% Net profit $0.23B	Apr 1 – Jun 30, 2025	Jul 30, 2025	$0.47B	+6%	60%	$0.23B	49%