← Filings of ESS

Tables in the 10-Q of ESSEX PROPERTY TRUST, INC.

37 tables with numbers, filed Nov 3, 2017. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

PART I. FINANCIAL INFORMATION	Page No.
Item 1.	Condensed Consolidated Financial Statements of Essex Property Trust, Inc. (Unaudited)
	Condensed Consolidated Balance Sheets as of September 30, 2017 and December 31, 2016	2
	Condensed Consolidated Statements of Income and Comprehensive Income for the three and nine months ended September 30, 2017 and 2016	3
	Condensed Consolidated Statement of Equity for the nine months ended September 30, 2017	4
	Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2017 and 2016	5
	Condensed Consolidated Financial Statements of Essex Portfolio L.P. (Unaudited)
	Condensed Consolidated Balance Sheets as of September 30, 2017 and December 31, 2016	7

ASSETS	September 30, 2017	December 31, 2016
Real estate:
Rental properties:
Land and land improvements	$2,719,064		$2,559,743
Buildings and improvements	10,585,742		10,116,563
	13,304,806		12,676,306
Less: accumulated depreciation	(2,651,542)		(2,311,546)
	10,653,264		10,364,760

	Three Months Ended September 30,	Nine Months Ended September 30,
	2017	2016		2017	2016
Revenues:
Rental and other property	$341,974		$327,078		$1,011,908	$958,818
Management and other fees from affiliates	2,395		2,093		6,927	6,145
	344,369		329,171		1,018,835	964,963
Expenses:
Property operating, excluding real estate taxes	66,606		63,781		193,632	185,390

	Common stock	Additional paid-in capital		Distributionsin excess of accumulated earnings	Accumulatedothercomprehensive loss, net	Noncontrolling Interest
	Shares	Amount				Total
Balances at December 31, 2016	65,528		$6		$7,029,679		$(805,409)	$(32,098)	$100,059	$6,292,237
Net income	—		—		—		329,446	—	18,935	348,381
Reversal of unrealized gains upon the sale of marketable securities	—		—		—		—	(1,596)	(54)	(1,650)
Change in fair value of derivatives and amortization of swap settlements	—		—		—		—	7,160	245	7,405
Change in fair value of marketable securities, net	—		—		—		—	1,902	64	1,966
Issuance of common stock under:

	General Partner	Limited Partners		Accumulated other comprehensive loss
	Common Equity	Common Equity			Noncontrolling Interest
	Units	Amount		Units		Amount		Total
Balances at December 31, 2016	65,528		$6,224,276			2,237	$49,436		$(29,348)	$47,873	$6,292,237
Net income	—		329,446			—	11,289		—	7,646	348,381
Reversal of unrealized gains upon the sale of marketable securities	—		—			—	—		(1,650)	—	(1,650)
Change in fair value of derivatives and amortization of swap settlements	—		—			—	—		7,405	—	7,405
Change in fair value of marketable securities, net	—		—			—	—		1,966	—	1,966

	September 30, 2017
	AmortizedCost	GrossUnrealizedGain (Loss)		Carrying Value
Available for sale:
Investment-grade unsecured bonds	$4,450		$(14)		$4,436
Investment funds - debt securities	28,067		146		28,213
Investment funds - U.S. treasuries	10,910		(29)		10,881
Common stock and stock funds	33,816		1,687		35,503
Held to maturity:

	Change in fairvalue and amortizationof swap settlements	Unrealizedgains/(losses) onavailable for salesecurities		Total
Balance at December 31, 2016	$(32,963)		$865		$(32,098)
Other comprehensive income before reclassification	13,512		1,902		15,414
Amounts reclassified from accumulated other comprehensive loss	(6,352)		(1,596)		(7,948)
Other comprehensive income	7,160		306		7,466
Balance at September 30, 2017	$(25,803)		$1,171		$(24,632)

Balance at December 31, 2016	$44,684
Reclassification due to change in redemption value and other	903
Redemptions	(5,543)
Balance at September 30, 2017	$40,044

	Weighted Average Essex Ownership Percentage	September 30, 2017		December 31, 2016
Membership interest/Partnership interest in:
CPPIB	54%		$502,419		$422,068
Wesco I, III, IV, and V	50%		225,041		180,687
Palm Valley (1)	50%		—		68,396
BEXAEW	50%		45,523		47,963
BEX II (2)	50%		(36,245)		19,078
Other	53%		40,471		43,713

	September 30, 2017	December 31, 2016
Combined balance sheets:
Rental properties and real estate under development	$3,671,101		$3,807,245
Other assets	111,372		121,505
Total assets	$3,782,473		$3,928,750
Debt	$1,597,597		$1,617,639
Other liabilities	65,865		74,607
Equity (1)	2,119,011		2,236,504

	Nine Months Ended September 30,
	2017	2016
Cash flows from operating activities:
Net income	$348,381		$233,893
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	350,893		329,847
Amortization of discount on marketable securities and other investments	(11,128)		(10,771)
Amortization of (premium) discount and debt financing costs, net	(5,132)		(11,432)

	Nine Months Ended September 30,
	2017	2016
Common and preferred stock dividends paid	(335,110)		(306,284)
Net cash used in financing activities	(245,304)		(150,198)
Net (decrease) increase in cash and cash equivalents	(18,414)		165,484
Cash and cash equivalents at beginning of period	64,921		29,683
Cash and cash equivalents at end of period	$46,507		$195,167
Supplemental disclosure of cash flow information:

	Nine Months Ended September 30,
	2017	2016
Cash flows from operating activities:
Net income	$348,381		$233,893
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	350,893		329,847
Amortization of discount on marketable securities and other investments	(11,128)		(10,771)
Amortization of (premium) discount and debt financing costs, net	(5,132)		(11,432)

	Nine Months Ended September 30,
	2017	2016
Common and preferred units and preferred interest distributions paid	(349,947)		(320,957)
Net cash used in financing activities	(245,304)		(150,198)
Net (decrease) increase in cash and cash equivalents	(18,414)		165,484
Cash and cash equivalents at beginning of period	64,921		29,683
Cash and cash equivalents at end of period	$46,507		$195,167
Supplemental disclosure of cash flow information:

	September 30, 2017	December 31, 2016
Notes receivable, secured, bearing interest at 10.00%, due May 2021	$13,416		$—
Notes receivable, secured, bearing interest at 10.75%, due September 2020	28,532		17,685
Related party note receivable, secured, bearing interest at 9.50%, due October 2019(1)	6,599		6,593
Related party note receivable, secured, bearing interest at 3.50%, due December 2017(1)	55,000		—
Notes and other receivables from affiliates (2)	3,981		4,695
Other receivables	14,029		11,997
Total notes and other receivables	$121,557		$40,970

	September 30, 2017	December 31, 2016		Weighted AverageMaturityIn Years
Unsecured bonds private placement - fixed rate	$274,378		$314,190		3.3
Term loan - variable rate	348,457		98,189		4.4
Bonds public offering - fixed rate	2,878,311		2,834,400		6.7
Unsecured debt, net (1)	3,501,146		3,246,779
Lines of credit (2)	2,609		125,000
Mortgage notes payable, net (3)	2,111,467		2,191,481		5.4
Total debt, net	$5,615,222		$5,563,260

Remaining in 2017	$7,719
2018	257,108
2019	661,318
2020	694,887
2021	544,810
Thereafter	3,439,209
Total	$5,605,051

	September 30, 2017	December 31, 2016
Assets:
Southern California	$4,822,941		$4,924,792
Northern California	4,241,460		3,791,549
Seattle Metro	1,532,784		1,570,340
Other real estate assets	56,079		78,079
Net reportable operating segment - real estate assets	10,653,264		10,364,760
Real estate under development	313,825		190,505

	Three Months Ended September 30, 2017	Three Months Ended September 30, 2016
	Income	Weighted-averageCommonShares		PerCommonShareAmount	Income	Weighted-averageCommonShares		PerCommonShareAmount
Basic:
Net income available to common stockholders	$79,723		65,994,896		$1.21		$65,561			65,507,669	$1.00
Effect of Dilutive Securities:
Stock options	—		83,387			—			109,882
Diluted:
Net income available to common stockholders	$79,723		66,078,283		$1.21		$65,561			65,617,551	$1.00

	Nine Months Ended September 30, 2017	Nine Months Ended September 30, 2016
	Income	Weighted-averageCommonShares		PerCommonShareAmount	Income	Weighted-averageCommonShares		PerCommonShareAmount
Basic:
Net income available to common stockholders	$329,446		65,759,450		$5.01		$215,555			65,455,004	$3.29
Effect of Dilutive Securities:
Stock options	—		77,515			—			123,657
Diluted:
Net income available to common stockholders	$329,446		65,836,965		$5.00		$215,555			65,578,661	$3.29

	As of September 30, 2017		As of September 30, 2016
	Apartment Homes	%			Apartment Homes	%
Southern California	23,343			47%			23,949	49%
Northern California	15,848			32%			14,865	30%
Seattle Metro	10,238			21%			10,239	21%
Total	49,429			100%			49,053	100%

	Number of Apartment	Three Months Ended September 30,		Dollar	Percentage
Property Revenues ($ in thousands)	Homes	2017		2016	Change	Change
Same-Property Revenues:
Southern California	21,998		$141,203		$136,368		$4,835	3.5%
Northern California	13,892		109,820		108,156		1,664	1.5%
Seattle Metro	10,238		58,285		55,545		2,740	4.9%
Total Same-Property Revenues	46,128		309,308		300,069		9,239	3.1%
Non-Same Property Revenues			32,666		27,009		5,657	20.9%

				Carrying and		Estimated Carrying Value
	Notional	Maturity		Estimated		50	-50
(in thousands)	Amount	Date Range		Fair Value		Basis Points	Basis Points
Cash flow hedges:
Interest rate swaps	$175,000		2022		$3,814		$7,389	$214
Interest rate caps	20,674		2018-2019		—		—	—
Total cash flow hedges	$195,674		2018-2022		$3,814		$7,389	$214

For the Years Ended	2017	2018		2019	2020	2021		Thereafter	Total	Fair value
(in thousands, except for interest rates)
Fixed rate debt	$7,590		256,567		660,726		694,241		544,103		2,810,732		$4,973,959	$5,102,418
Average interest rate	4.5%		5.7%		4.2%		4.8%		4.3%		3.6%		4.0%
Variable rate debt (1)	$2,738		541		592		646		707		628,477	(2) (3)	$633,701	$629,127
Average interest rate	1.9%		1.9%		1.9%		1.9%		1.9%		2.1%		2.1%

Tables in the 10-Q of ESSEX PROPERTY TRUST, INC.

Table 1 after “INDEX”

Table 2 after “(In thousands, except parenthetical and share amounts)”

Table 3 after “(In thousands, except share and per share amounts)”

Table 4 after “(In thousands)”

Table 5 after “(In thousands)”

Table 6 after “5”

Table 7 after “(In thousands, except parenthetical and unit amounts)”

Table 8 after “(In thousands, except unit and per unit amounts)”

Table 9 after “(Unaudited)”

Table 10 after “(In thousands)”

Table 11 after “10”

Table 12 after “, marketable securities consist of the following ($ in thousands):”

Table 13 after “($ in thousands)”

Table 14 after “($ in thousands):”

Table 15 after “is as follows ($ in thousands):”

Table 16 after “are as follows (in thousands, except in parenthetical):”

Table 17 after “The combined summarized entity financial information of co-investments and preferred equity investments is as follows ($ in thousands).”

Table 18 after “The combined summarized entity financial information of co-investments and preferred equity investments is as follows ($ in thousands).”

Table 19 after “($ in thousands):”

Table 20 after “Debt consists of the following ($ in thousands):”

Table 21 after “are as follows (excluding lines of credit) ($ in thousands):”

Table 22 after “($ in thousands):”

Table 23 after “($ in thousands):”

Table 24 after “Essex Property Trust, Inc.”

Table 25 after “(Unaudited)”

Table 26 after “Essex Portfolio, L.P.”

Table 27 after “(Unaudited)”

Table 28 after “The Company’s consolidated apartment communities are as follows:”

Table 29 after “is as follows:”

Table 30 after “The following table provides a breakdown of revenue amounts, including revenues attributable to the Same-Properties:”

Table 31 after “is as follows:”

Table 32 after “The following table provides a breakdown of revenue amounts, including revenues attributable to the Same-Properties:”

Table 33 after “Essex Property Trust, Inc.”

Table 34 after “assets. The Company defines Same-Property NOI as Same-Property revenue less Same-Property operating expenses, including property taxes. Plea”

Table 35 after “.”

Table 36 after “The Company’s interest rate risk is monitored using a variety of techniques. The table below presents the principal amounts and weighted ave”

Table 37 after “Item 6: Exhibits”

A. Exhibits
12.1	Ratio of Earnings to Fixed Charges.
31.1	Certification of Michael J. Schall, Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Angela L. Kleiman, Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.3	Certification of Michael J. Schall, Principal Executive Officer of General Partner, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.4	Certification of Angela L. Kleiman, Principal Financial Officer of General Partner, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Michael J. Schall, Chief Executive Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Angela L. Kleiman, Chief Financial Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.