Essex Property Trust Past Earnings Performance
Past criteria checks 2/6
Essex Property Trust's earnings have been declining at an average annual rate of -1.2%, while the Residential REITs industry saw earnings growing at 18.9% annually. Revenues have been growing at an average rate of 2.2% per year. Essex Property Trust's return on equity is 10.2%, and it has net margins of 31.4%.
Key information
-1.2%
Earnings growth rate
-0.6%
EPS growth rate
| Residential REITs Industry Growth | 11.2% |
| Revenue growth rate | 2.2% |
| Return on equity | 10.2% |
| Net Margin | 31.4% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Essex Property Trust makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 1,752 | 549 | 87 | 0 |
| 30 Jun 24 | 1,720 | 518 | 73 | 0 |
| 31 Mar 24 | 1,696 | 525 | 65 | 0 |
| 31 Dec 23 | 1,680 | 406 | 63 | 0 |
| 30 Sep 23 | 1,698 | 526 | 60 | 0 |
| 30 Jun 23 | 1,690 | 531 | 60 | 0 |
| 31 Mar 23 | 1,653 | 489 | 60 | 0 |
| 31 Dec 22 | 1,633 | 408 | 57 | 0 |
| 30 Sep 22 | 1,638 | 360 | 58 | 0 |
| 30 Jun 22 | 1,606 | 386 | 55 | 0 |
| 31 Mar 22 | 1,583 | 393 | 54 | 0 |
| 31 Dec 21 | 1,552 | 489 | 52 | 0 |
| 30 Sep 21 | 1,505 | 447 | 58 | 0 |
| 30 Jun 21 | 1,502 | 403 | 58 | 0 |
| 31 Mar 21 | 1,521 | 422 | 61 | 0 |
| 31 Dec 20 | 1,562 | 569 | 65 | 0 |
| 30 Sep 20 | 1,631 | 602 | 58 | 0 |
| 30 Jun 20 | 1,634 | 628 | 56 | 0 |
| 31 Mar 20 | 1,625 | 635 | 55 | 0 |
| 31 Dec 19 | 1,584 | 439 | 54 | 0 |
| 30 Sep 19 | 1,514 | 428 | 56 | 0 |
| 30 Jun 19 | 1,493 | 410 | 55 | 0 |
| 31 Mar 19 | 1,478 | 418 | 52 | 0 |
| 31 Dec 18 | 1,486 | 390 | 53 | 0 |
| 30 Sep 18 | 1,467 | 376 | 47 | 0 |
| 30 Jun 18 | 1,454 | 375 | 46 | 0 |
| 31 Mar 18 | 1,439 | 345 | 46 | 0 |
| 31 Dec 17 | 1,450 | 433 | 41 | 0 |
| 30 Sep 17 | 1,388 | 525 | 43 | 0 |
| 30 Jun 17 | 1,373 | 511 | 43 | 0 |
| 31 Mar 17 | 1,354 | 512 | 42 | 0 |
| 31 Dec 16 | 1,330 | 411 | 41 | 0 |
| 30 Sep 16 | 1,307 | 295 | 37 | 0 |
| 30 Jun 16 | 1,279 | 272 | 39 | 0 |
| 31 Mar 16 | 1,249 | 245 | 39 | 0 |
| 31 Dec 15 | 1,216 | 227 | 40 | 0 |
| 30 Sep 15 | 1,187 | 187 | 43 | 0 |
| 30 Jun 15 | 1,153 | 199 | 44 | 0 |
| 31 Mar 15 | 1,118 | 154 | 44 | 0 |
| 31 Dec 14 | 999 | 117 | 41 | 0 |
| 30 Sep 14 | 907 | 92 | 35 | 0 |
| 30 Jun 14 | 790 | 94 | 30 | 0 |
| 31 Mar 14 | 681 | 117 | 28 | 0 |
| 31 Dec 13 | 666 | 120 | 27 | 0 |
Quality Earnings: EXP has a large one-off gain of $222.5M impacting its last 12 months of financial results to 30th September, 2024.
Growing Profit Margin: EXP's current net profit margins (31.4%) are higher than last year (30.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: EXP's earnings have declined by 1.2% per year over the past 5 years.
Accelerating Growth: EXP's earnings growth over the past year (4.5%) exceeds its 5-year average (-1.2% per year).
Earnings vs Industry: EXP earnings growth over the past year (4.5%) did not outperform the Residential REITs industry 101.3%.
Return on Equity
High ROE: EXP's Return on Equity (10.2%) is considered low.