Essex Property Trust Management

Management criteria checks 3/4

Essex Property Trust's CEO is Angela Kleiman, appointed in Apr 2023, has a tenure of 1.58 years. total yearly compensation is $3.08M, comprised of 28% salary and 72% bonuses, including company stock and options. directly owns 0.015% of the company’s shares, worth €2.81M. The average tenure of the management team and the board of directors is 1.4 years and 6.2 years respectively.

Key information

Angela Kleiman

Chief executive officer

US$3.1m

Total compensation

CEO salary percentage	28.0%
CEO tenure	1.6yrs
CEO ownership	0.01%
Management average tenure	1.4yrs
Board average tenure	6.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Angela Kleiman's remuneration changed compared to Essex Property Trust's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$549m
Jun 30 2024	n/a	n/a	US$518m
Mar 31 2024	n/a	n/a	US$525m
Dec 31 2023	US$3m	US$863k	US$406m
Sep 30 2023	n/a	n/a	US$526m
Jun 30 2023	n/a	n/a	US$531m
Mar 31 2023	n/a	n/a	US$489m
Dec 31 2022	US$6m	US$750k	US$408m
Sep 30 2022	n/a	n/a	US$360m
Jun 30 2022	n/a	n/a	US$386m
Mar 31 2022	n/a	n/a	US$393m
Dec 31 2021	US$4m	US$750k	US$489m
Sep 30 2021	n/a	n/a	US$447m
Jun 30 2021	n/a	n/a	US$403m
Mar 31 2021	n/a	n/a	US$422m
Dec 31 2020	US$3m	US$650k	US$569m
Sep 30 2020	n/a	n/a	US$602m
Jun 30 2020	n/a	n/a	US$628m
Mar 31 2020	n/a	n/a	US$635m
Dec 31 2019	US$3m	US$500k	US$439m
Sep 30 2019	n/a	n/a	US$428m
Jun 30 2019	n/a	n/a	US$410m
Mar 31 2019	n/a	n/a	US$418m
Dec 31 2018	US$3m	US$500k	US$390m
Sep 30 2018	n/a	n/a	US$376m
Jun 30 2018	n/a	n/a	US$375m
Mar 31 2018	n/a	n/a	US$345m
Dec 31 2017	US$3m	US$450k	US$433m

Compensation vs Market: Angela's total compensation ($USD3.08M) is below average for companies of similar size in the German market ($USD4.86M).

Compensation vs Earnings: Angela's compensation has been consistent with company performance over the past year.

CEO

Angela Kleiman (53 yo)

1.6yrs

Tenure

US$3,076,648

Compensation

Ms. Angela L. Kleiman serves as Chief Executive Officer and President at Essex Property Trust, Inc and served as Senior Executive Vice President and Chief Operating Officer since January 1, 2021 until Marc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Angela Kleiman	President	1.6yrs	US$3.08m	0.015% € 2.8m
Barbara Pak	Executive VP & CFO	3.9yrs	US$1.68m	0.010% € 1.9m
Anne Morrison	Executive VP	no data	US$1.29m	0.0027% € 512.6k
Rylan Burns	Executive VP & Chief Investment Officer	1.3yrs	no data	0.0015% € 293.4k
Brennan McGreevy	Group VP & Chief Accounting Officer	less than a year	no data	0.00012% € 22.9k
Sudarshana Rangachary	Senior Vice President of Human Resources	no data	no data	no data
Dmitry Taraschansky	Senior Vice President of Transactions	no data	no data	no data
Jessica Anderson	Senior Vice President of Operations	no data	no data	no data
Paul Morgan	Senior Vice President of Portfolio Strategy & Analytics	no data	no data	no data
Angela Kralovec	Senior Vice President of Investment Management	no data	no data	no data

1.4yrs

Average Tenure

43yo

Average Age

Experienced Management: EXP's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Angela Kleiman	President	2.1yrs	US$3.08m	0.015% € 2.8m
Amal Johnson	Independent Director	6.8yrs	US$264.00k	0.0039% € 741.2k
Anne Gust	Independent Director	less than a year	no data	no data
Irving Lyons	Lead Independent Director	10.6yrs	US$292.00k	0.013% € 2.5m
George Marcus	Independent Chairman of the Board	30.8yrs	US$375.00k	0.33% € 62.4m
Keith Guericke	Vice Chairman of the Board	30.4yrs	US$239.00k	0.024% € 4.6m
Maria Hawthorne	Independent Director	4.7yrs	US$251.00k	0.0029% € 560.2k
Mary Kasaris	Independent Director	6.2yrs	US$274.00k	0.0025% € 480.2k
John Arabia	Independent Director	less than a year	no data	0.0039% € 741.2k

6.2yrs

Average Tenure

69yo

Average Age

Experienced Board: EXP's board of directors are considered experienced (6.2 years average tenure).

Essex Property Trust Management

Management criteria checks 3/4

Key information

Recent management updates

President recently sold €985k worth of stock

Vice Chairman of the Board recently sold €2.6m worth of stock

Essex Property Trust, Inc., Annual General Meeting, May 14, 2024

Essex Property Trust, Inc. Announces Board Changes, Effective January 1, 2024

Essex Property Trust, Inc Announces Executive Changes

Insufficient new directors

Recent updates

Third quarter 2024 earnings released: EPS: US$1.84 (vs US$1.36 in 3Q 2023)

Essex Property Trust, Inc. (NYSE:ESS) acquired 376-unit apartment home community located in San Jose, CA for approximately $310 million.

Essex Property Trust, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Upcoming dividend of US$2.45 per share

Second quarter dividend of US$2.45 announced

Essex Property Trust, Inc. has filed a Follow-on Equity Offering in the amount of $900 million.

Essex Property Trust, Inc. Revises Earnings Guidance for the Full Year of 2024

Second quarter 2024 earnings released: EPS: US$1.45 (vs US$1.55 in 2Q 2023)

Essex Property Trust, Inc. (NYSE:ESS) acquired Two apartment home communities in Northern California for approximately $150 million.

Essex Property Trust, Inc. to Report Q2, 2024 Results on Jul 30, 2024

Now 22% undervalued

President recently sold €985k worth of stock

Now 20% undervalued

Upcoming dividend of US$2.45 per share

Vice Chairman of the Board recently sold €2.6m worth of stock

First quarter dividend of US$2.45 announced

Essex Property Trust, Inc Declares Regular Quarterly Cash Dividend, Payable July 12, 2024

Essex Property Trust, Inc. Updates Earnings Guidance for the Full Year 2024

First quarter 2024 earnings released: EPS: US$4.25 (vs US$2.38 in 1Q 2023)

Essex Property Trust, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Upcoming dividend of US$2.45 per share

Full year 2023 earnings released: FFO per share: US$15.8 (vs US$14.19 in FY 2022)

Fourth quarter dividend of US$2.45 announced

Essex Property Trust, Inc., Annual General Meeting, May 14, 2024

Full year 2023 earnings released: EPS: US$6.32 (vs US$6.27 in FY 2022)

Essex Property Trust, Inc. to Report Q4, 2023 Results on Feb 06, 2024

Upcoming dividend of US$2.31 per share at 3.8% yield

Essex Property Trust, Inc. Announces Board Changes, Effective January 1, 2024

Essex Property Trust, Inc. Declares Regular Quarterly Cash Dividend, Payable on January 12, 2024

Essex Property Trust, Inc. Revises Earnings Guidance for the Year 2023

Third quarter 2023 earnings released: EPS: US$1.36 (vs US$1.43 in 3Q 2022)

Essex Property Trust, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$2.31 per share at 4.1% yield

Essex Property Trust, Inc. Declares Regular Quarterly Cash Dividend, Payable on October 13, 2023

Essex Property Trust, Inc Announces Executive Changes

Second quarter 2023 earnings released: FFO per share: US$4.0 (vs US$3.24 in 2Q 2022)

Essex Property Trust, Inc. Revises Earnings Guidance for the Full Year 2023

Essex Property Trust, Inc. (NYSE:ESS) acquired Hacienda at Camarillo Oaks for $23.1 million.

Now 21% undervalued

Essex Property Trust, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Upcoming dividend of US$2.31 per share at 4.0% yield

Now 21% undervalued

Essex Property Trust, Inc. Declares Regular Quarterly Cash Dividend, Payable on July 14, 2023

First quarter 2023 earnings released: FFO per share: US$3.9 (vs US$3.49 in 1Q 2022)

Insufficient new directors

Full year 2022 earnings released: EPS: US$6.27 (vs US$7.51 in FY 2021)

Essex Property Trust, Inc. Provides Earnings Guidance for the Year 2023

Essex Property Trust, Inc. to Report Q4, 2022 Results on Feb 07, 2023

Upcoming dividend of US$2.20 per share

Essex Property Trust, Inc. Declares Quarterly Distribution, Payable January 13, 2023

Independent Director recently bought €208k worth of stock

Hagens Berman Downtown Seattle Renters Sue Leasing Companies for Allegedly Illegally Inflating Rents in City’s Densest Neighborhoods

Third quarter 2022 earnings released: FFO per share: US$3.6 (vs US$3.46 in 3Q 2021)

Essex Property Trust, Inc. (NYSE:ESS) announces an Equity Buyback for $500 million worth of its shares.

Essex Property Trust, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Essex Property Trust, Inc. Announces Executive Changes

Upcoming dividend of US$2.20 per share

Essex Property Trust, Inc. Declares Quarterly Dividend, Payable on October 14, 2022

Essex Property Trust, Inc. Revises Earnings Guidance for the Full Year of 2022

Second quarter 2022 earnings released: EPS: US$0.87 (vs US$1.00 in 2Q 2021)

Essex Property Trust, Inc. to Report Q2, 2022 Results on Jul 26, 2022

Upcoming dividend of US$2.20 per share

Essex Property Trust, Inc. Provides Earnings Guidance for the Full Year of 2022

Essex Property Trust, Inc. Declares Quarterly Dividend, Payable on July 15, 2022

First quarter 2022 earnings released: FFO: US$403.1m per share (vs US$3.34 in 1Q 2021)

Essex Property Trust, Inc. Provides Earnings Guidance for the Full Year 2022

Insufficient new directors

Essex Property Trust, Inc. to Report Q1, 2022 Results on Apr 26, 2022

Upcoming dividend of US$2.20 per share