Essex Property Trust Q3 FY25: where the revenue came from and where it went
The whole income statement of Essex Property Trust for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Oct 30, 2025
Revenue$0.47B
+5% year over year
Gross profit$0.33B
69% margin
Operating profit$0.21B
44% margin
Net profit$0.17B
36% margin
The numbers
| 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 |
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