Essex Property Trust Q2 FY26: 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
- 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
| 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 |
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