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 1.83 years. total yearly compensation is $3.08M, comprised of 28% salary and 72% bonuses, including company stock and options. directly owns 0.018% of the company’s shares, worth $3.49M. The average tenure of the management team and the board of directors is 1.7 years and 6.4 years respectively.
Key information
Angela Kleiman
Chief executive officer
US$3.1m
Total compensation
| CEO salary percentage | 28.0% |
| CEO tenure | 1.8yrs |
| CEO ownership | 0.02% |
| Management average tenure | 1.7yrs |
| Board average tenure | 6.4yrs |
Recent management 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 09CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | n/a | n/a | US$742m |
| 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$390m |
Compensation vs Market: Angela's total compensation ($USD3.08M) is below average for companies of similar size in the US market ($USD12.45M).
Compensation vs Earnings: Angela's compensation has been consistent with company performance over the past year.
CEO
Angela Kleiman (53 yo)
1.8yrs
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 |
|---|---|---|---|---|
| President | 1.8yrs | US$3.08m | 0.018% $ 3.5m | |
| Executive VP & CFO | 4.2yrs | US$1.68m | 0.010% $ 2.0m | |
| Executive VP | no data | US$1.29m | 0.0035% $ 691.0k | |
| Executive VP & Chief Investment Officer | 1.5yrs | no data | 0.0020% $ 393.1k | |
| Group VP & Chief Accounting Officer | less than a year | no data | 0.00031% $ 61.6k | |
| Senior Vice President of Human Resources | no data | no data | no data | |
| Senior Vice President of Transactions | no data | no data | no data | |
| Senior Vice President of Operations | no data | no data | no data | |
| Senior Vice President of Portfolio Strategy & Analytics | no data | no data | no data | |
| Senior Vice President of Investment Management | no data | no data | no data |
1.7yrs
Average Tenure
43yo
Average Age
Experienced Management: ESS's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.3yrs | US$3.08m | 0.018% $ 3.5m | |
| Independent Director | 7yrs | US$264.00k | 0.0039% $ 772.4k | |
| Independent Director | 1.1yrs | no data | no data | |
| Lead Independent Director | 10.8yrs | US$292.00k | 0.013% $ 2.6m | |
| Independent Chairman of the Board | 31.1yrs | US$375.00k | 0.33% $ 65.0m | |
| Vice Chairman of the Board | 30.7yrs | US$239.00k | 0.024% $ 4.8m | |
| Independent Director | 4.9yrs | US$251.00k | 0.0029% $ 583.7k | |
| Independent Director | 6.4yrs | US$274.00k | 0.0025% $ 500.4k | |
| Independent Director | 1.1yrs | no data | 0.0039% $ 772.4k |
6.4yrs
Average Tenure
68yo
Average Age
Experienced Board: ESS's board of directors are considered experienced (6.4 years average tenure).
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 |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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 |