Essex Property Trust Balance Sheet Health
Financial Health criteria checks 0/6
Essex Property Trust has a total shareholder equity of $5.8B and total debt of $6.6B, which brings its debt-to-equity ratio to 114.8%. Its total assets and total liabilities are $12.9B and $7.2B respectively. Essex Property Trust's EBIT is $579.3M making its interest coverage ratio 2.8. It has cash and short-term investments of $75.8M.
Key information
114.8%
Debt to equity ratio
US$6.60b
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$75.85m |
| Equity | US$5.75b |
| Total liabilities | US$7.18b |
| Total assets | US$12.93b |
Recent financial health updates
No updates
Recent updates
Essex Property: Shares Have Further Upside Given Limited Housing Supply (Upgrade)
Feb 06Essex Property Trust: Limited Supply Enables Further Growth
Dec 06Essex Property Trust: Tailwinds From Both Supply And Demand
Oct 03Essex Property Trust: High-Quality REIT With A Growing Dividend
Aug 13Essex Property Trust: The Buying Window Has Now Closed
Jun 12Essex Property Trust: 3 Reasons Why The Stock May Be Overvalued
May 16Essex Property Trust: A Dividend Aristocrat Worth Buying Now
Apr 05Essex Property Trust: Build And Buy Apartments Like A Pro
Feb 15Essex Property Trust: A Growth REIT With An Attractive Yield
Jan 15Essex Property Trust: I Expect The West Coast To Outperform Next
Dec 11Essex Property Trust: Still Has Potential
Dec 05Essex Property Trust: Low Yield, Small Discount To NAV
Nov 06Essex Property Trust: California Exposure Isn't That Problematic
Oct 12Essex Property Trust: Dividend Yield At A High
Oct 01Essex Property Trust: Don't Mind The California Exposure
Jul 29Essex Property: A Smart Value For A Frothy Market
Jun 14Essex Property Trust: Great Long-Term REIT, Still Some Near-Term Questions
Jan 23Essex Property Trust Is Clearly The Best Bargain When It Comes To Residential REITs
Jan 12Why Buy Rentals When You Can Buy Essex Property
Dec 16Essex Property Trust declares $2.20 dividend
Dec 09Apartments In Free Fall, So I Bought Essex
Nov 09Financial Position Analysis
Short Term Liabilities: ESS's short term assets ($379.4M) do not cover its short term liabilities ($723.3M).
Long Term Liabilities: ESS's short term assets ($379.4M) do not cover its long term liabilities ($6.5B).
Debt to Equity History and Analysis
Debt Level: ESS's net debt to equity ratio (113.5%) is considered high.
Reducing Debt: ESS's debt to equity ratio has increased from 90.2% to 114.8% over the past 5 years.
Debt Coverage: ESS's debt is not well covered by operating cash flow (16%).
Interest Coverage: ESS's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 09:43 |
| End of Day Share Price | 2025/02/07 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Essex Property Trust, Inc. is covered by 44 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wesley Golladay | Baird |
| Ross Smotrich | Barclays |
| Richard Hightower | Barclays |