← Filings of ESS

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

42 tables with numbers, filed Aug 3, 2018. 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 June 30, 2018 and December 31, 2017	2
	Condensed Consolidated Statements of Income and Comprehensive Income for the three and six months ended June 30, 2018 and 2017	3
	Condensed Consolidated Statement of Equity for the six months ended June 30, 2018	4
	Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2018 and 2017	5
	Condensed Consolidated Financial Statements of Essex Portfolio, L.P. (Unaudited)
	Condensed Consolidated Balance Sheets as of June 30, 2018 and December 31, 2017	7

ASSETS	June 30, 2018	December 31, 2017
Real estate:
Rental properties:
Land and land improvements	$2,710,139		$2,719,064
Buildings and improvements	10,693,682		10,639,108
	13,403,821		13,358,172
Less: accumulated depreciation	(2,992,819)		(2,769,297)
	10,411,002		10,588,875

	Three Months Ended June 30,	Six Months Ended June 30,
	2018	2017		2018	2017
Revenues:
Rental and other property	$346,526		$336,766		$691,473	$669,934
Management and other fees from affiliates	2,197		2,296		4,505	4,532
	348,723		339,062		695,978	674,466
Expenses:
Property operating, excluding real estate taxes	58,156		55,859		115,406	111,995

	Common stock	Additional paid-in capital		Distributionsin excess of accumulated earnings	Accumulatedothercomprehensive loss, net	Noncontrolling Interest
	Shares	Amount				Total
Balances at December 31, 2017	66,054		$7		$7,129,571		$(833,726)	$(18,446)	$119,419	$6,396,825
Net income	—		—		—		191,358	—	11,691	203,049
Reversal of unrealized losses upon the sale of marketable debt securities	—		—		—		—	2	—	2
Change in fair value of derivatives and amortization of swap settlements	—		—		—		—	9,335	321	9,656
Change in fair value of marketable debt securities, net	—		—		—		—	(95)	(4)	(99)
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, 2017	66,054		$6,295,852			2,268	$49,792		$(15,229)	$66,410	$6,396,825
Net income	—		191,358			—	6,592		—	5,099	203,049
Reversal of unrealized losses upon the sale of marketable debt securities	—		—			—	—		2	—	2
Change in fair value of derivatives and amortization of swap settlements	—		—			—	—		9,656	—	9,656
Change in fair value of marketable debt securities, net	—		—			—	—		(99)	—	(99)

	June 30, 2018
	AmortizedCost	GrossUnrealizedGain (Loss)		Carrying Value
Equity securities:
Investment funds - debt securities	$31,852		$(371)		$31,481
Investment funds - U.S. treasuries	11,250		(85)		11,165
Common stock and stock funds	39,680		2,591		42,271
Debt securities:
Available for sale

	Change in fairvalue and amortizationof swap settlements	Unrealizedgains/(losses) onavailable for sale securities		Total
Balance at December 31, 2017	$(20,641)		$2,195		$(18,446)
Cumulative effect upon adoption of ASU 2016-01	—		(2,234)		(2,234)
Other comprehensive income before reclassification	13,263		(95)		13,168
Amounts reclassified from accumulated other comprehensive loss	(3,928)		2		(3,926)
Other comprehensive income	9,335		(2,327)		7,008
Balance at June 30, 2018	$(11,306)		$(132)		$(11,438)

Balance at December 31, 2017	$39,206
Reclassification due to change in redemption value and other	1,845
Redemptions	(4,794)
Balance at June 30, 2018	$36,257

	June 30, 2018	December 31, 2017		June 30, 2017	December 31, 2016
Cash and cash equivalents - unrestricted	$160,902		$44,620		$183,885	$64,921
Cash and cash equivalents - restricted	16,674		16,506		15,991	105,381
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statement of cash flows	$177,576		$61,126		$199,876	$170,302

	Weighted Average Company Ownership Percentage (1)	June 30, 2018		December 31, 2017
Ownership interest in:
CPPIB	54%		$492,382			$500,287
Wesco I, Wesco III, Wesco IV, and Wesco V	53%		211,574			214,408
BEXAEW, BEX II and BEX III (2)	50%		120,788			13,827
Other	52%		47,367			51,810
Total operating and other co-investments, net		872,111			780,332
Total development co-investments, net	50%		76,525			73,770

	Three Months Ended June 30,	Six Months Ended June 30,
	2018	2017		2018	2017
Southern California	$150,431		$145,600		300,200	290,504
Northern California	129,590		126,550		258,212	249,858
Seattle Metro	58,795		57,087		117,509	113,279
Other real estate assets (1)	7,710		7,529		15,552	16,293
Total rental and other property leasing revenues	$346,526		$336,766		$691,473	$669,934

	June 30, 2018	December 31, 2017
Combined balance sheets: (1)
Rental properties and real estate under development	$4,032,421		$3,722,778
Other assets	166,521		110,333
Total assets	$4,198,942		$3,833,111
Debt	$1,948,724		$1,705,051
Other liabilities	64,982		45,515
Equity	2,185,236		2,082,545

	Three Months Ended June 30,	Six Months Ended June 30,
	2018	2017		2018	2017
Combined statements of income: (1)
Property revenues	$81,348		$72,111		$162,190	$148,016
Property operating expenses	(26,567)		(25,866)		(53,636)	(51,275)
Net operating income	54,781		46,245		108,554	96,741
Interest expense	(13,639)		(14,024)		(30,374)	(25,945)
General and administrative	(2,388)		(1,917)		(3,880)	(3,695)

	June 30, 2018	December 31, 2017
Notes receivable, bearing interest at 10.00%, due May 2021	$14,470		$13,762
Notes receivable, bearing interest at 10.75%, due September 2020	30,926		29,318
Related party note receivable, bearing interest at 9.50%, due October 2019(1)	6,610		6,656
Related party note receivable, bearing interest at 3.50%, due March 2018(1)	—		29,500
Notes and other receivables from affiliates (2)	4,234		5,061
Other receivables	12,146		16,629
Total notes and other receivables	$68,386		$100,926

	June 30, 2018	December 31, 2017		Weighted AverageMaturityIn Years as of June 30, 2018
Unsecured bonds private placement - fixed rate	$274,525		$274,427		2.6
Term loan - variable rate	348,621		348,545		3.6
Bonds public offering - fixed rate	3,174,951		2,878,737		8.2
Unsecured debt, net (1)	3,798,097		3,501,709
Lines of credit (2)	2,670		179,000
Mortgage notes payable, net (3)	1,890,326		2,008,417		5.1
Total debt, net	$5,691,093		$5,689,126

Remaining in 2018	$119,779
2019	606,843
2020	694,921
2021	544,846
2022	692,466
Thereafter	3,035,808
Total	$5,694,663

	June 30, 2018	December 31, 2017
Assets:
Southern California	$4,601,755		$4,685,358
Northern California	4,253,397		4,219,114
Seattle Metro	1,495,388		1,521,907
Other real estate assets	60,462		162,496
Net reportable operating segment - real estate assets	10,411,002		10,588,875
Real estate under development	343,841		355,735

	Three Months Ended June 30, 2018	Three Months Ended June 30, 2017
	Income	Weighted-averageCommonShares		PerCommonShareAmount	Income	Weighted-averageCommonShares		PerCommonShareAmount
Basic:
Net income available to common stockholders	$100,440		66,047,751		$1.52		$70,759			65,729,074	$1.08
Effect of Dilutive Securities:
Stock options	—		48,598			—			90,620
Diluted:
Net income available to common stockholders	$100,440		66,096,349		$1.52		$70,759			65,819,694	$1.08

	Six Months Ended June 30, 2018	Six Months Ended June 30, 2017
	Income	Weighted-averageCommonShares		PerCommonShareAmount	Income	Weighted-averageCommonShares		PerCommonShareAmount
Basic:
Net income available to common stockholders	$191,358		66,045,897		$2.90		$249,723			65,639,775	$3.80
Effect of Dilutive Securities:
Stock options	—		42,906			—			91,515
DownREIT units	—		—			738			210,728
Diluted:

	As of June 30, 2018		As of June 30, 2017
	Apartment Homes	%			Apartment Homes	%
Southern California	22,964			47%			23,343	47%
Northern California	15,970			32%			15,848	32%
Seattle Metro	10,238			21%			10,238	21%
Total	49,172			100%			49,429	100%

	Number of Apartment	Three Months Ended June 30,		Dollar	Percentage
Property Revenues ($ in thousands)	Homes	2018		2017	Change	Change
Same-Property Revenues:
Southern California	22,269		$145,799		$141,110		$4,689	3.3%
Northern California	14,356		116,688		114,433		2,255	2.0%
Seattle Metro	10,238		58,796		57,086		1,710	3.0%
Total Same-Property Revenues	46,863		321,283		312,629		8,654	2.8%
Non-Same Property Revenues			25,243		24,137		1,106	4.6%

				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		$8,473		$11,378	$5,602
Interest rate caps	9,924		2019		—		—	—
Total cash flow hedges	$184,924		2019-2022		$8,473		$11,378	$5,602

For the Years Ended	2018	2019		2020	2021	2022		Thereafter	Total	Fair value
($ in thousands, except for interest rates)
Fixed rate debt	$119,502		606,251		694,273		544,138		341,692		2,768,858	$5,074,714	$5,055,937
Average interest rate	5.8%		4.4%		5.0%		4.5%		3.8%		3.8%	4.2%
Variable rate debt (1)	$277		592		3,318		708		350,774		266,950	$622,619	$618,156
Average interest rate	2.5%		2.5%		2.7%		2.5%		2.8%		2.3%	2.6%

A. Exhibits
10.1†	Form of Non-Employee Director Restricted Stock Award Agreement
10.2†	Form of Non-Employee Director Stock Option Award Agreement
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.

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 “(In thousands)”

Table 10 after “(In thousands)”

Table 11 after “10”

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

Table 13 after “(Unaudited)”

Table 14 after “($ in thousands):”

Table 15 after “($ in thousands):”

Table 16 after “is as follows ($ in thousands):”

Table 17 after “The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated bala”

Table 18 after “The following table presents the Company’s revenues disaggregated by revenue source ($ in thousands):”

Table 19 after “The following table presents the Company’s rental and other property-related revenues disaggregated by geographic operating segment ($ in th”

Table 20 after “The following table presents the Company’s rental and other property-related revenues disaggregated by current property category status ($ i”

Table 21 after “are as follows ($ in thousands, except parenthetical amounts):”

Table 22 after “The combined summarized entity financial information of co-investments is as follows ($ in thousands).”

Table 23 after “The combined summarized entity financial information of co-investments is as follows ($ in thousands).”

Table 24 after “($ in thousands):”

Table 25 after “Debt consists of the following ($ in thousands):”

Table 26 after “are as follows (excluding lines of credit) ($ in thousands):”

Table 27 after “($ in thousands):”

Table 28 after “($ in thousands):”

Table 29 after “Essex Property Trust, Inc.”

Table 30 after “(Unaudited)”

Table 31 after “Essex Portfolio, L.P.”

Table 32 after “(Unaudited)”

Table 33 after “The Company’s consolidated apartment communities are as follows:”

Table 34 after “is as follows:”

Table 35 after “The following table provides a breakdown of revenue amounts, including revenues attributable to the Same-Properties:”

Table 36 after “is as follows:”

Table 37 after “The following table provides a breakdown of revenue amounts, including revenues attributable to the Same-Properties:”

Table 38 after “Essex Property Trust, Inc.”

Table 39 after “the value of a real estate asset or group of assets. The Company defines Same-Property NOI as Same-Property revenue less Same-Property opera”

Table 40 after “.”

Table 41 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 42 after “Item 6: Exhibits”