Essex Property Trust, Inc.
ESSFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
1,774
Cost of Revenue
567
Gross Profit
1,208
Gross Margin
68.1%
Operating Income
703
Operating Margin
39.6%
Net Income
742
Net Margin
41.8%
EPS (Basic)
$11.55
EPS (Diluted)
$11.54
EBITDA
1,627
EBITDA Margin
91.7%
2023
12/31/2023
Revenue
1,669
Cost of Revenue
532
Gross Profit
1,137
Gross Margin
68.1%
Operating Income
584
Operating Margin
35.0%
Net Income
406
Net Margin
24.3%
EPS (Basic)
$6.32
EPS (Diluted)
$6.32
EBITDA
1,192
EBITDA Margin
71.4%
2022
12/31/2022
Revenue
1,607
Cost of Revenue
498
Gross Profit
1,109
Gross Margin
69.0%
Operating Income
595
Operating Margin
37.0%
Net Income
408
Net Margin
25.4%
EPS (Basic)
$6.27
EPS (Diluted)
$6.27
EBITDA
1,196
EBITDA Margin
74.4%
2021
12/31/2021
Revenue
1,441
Cost of Revenue
232
Gross Profit
1,208
Gross Margin
83.9%
Operating Income
530
Operating Margin
36.8%
Net Income
489
Net Margin
33.9%
EPS (Basic)
$7.51
EPS (Diluted)
$7.51
EBITDA
1,504
EBITDA Margin
104.4%
2020
12/31/2020
Revenue
1,496
Cost of Revenue
212
Gross Profit
1,284
Gross Margin
85.9%
Operating Income
491
Operating Margin
32.9%
Net Income
569
Net Margin
38.0%
EPS (Basic)
$8.69
EPS (Diluted)
$8.68
EBITDA
1,610
EBITDA Margin
107.7%