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

47 tables with numbers, filed Apr 26, 2019. 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 March 31, 2019 and December 31, 2018	2
	Condensed Consolidated Statements of Income and Comprehensive Income for the three months ended March 31, 2019 and 2018	3
	Condensed Consolidated Statement of Equity for the three months ended March 31, 2019 and 2018	4
	Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2019 and 2018	6
	Condensed Consolidated Financial Statements of Essex Portfolio, L.P. (Unaudited)
	Condensed Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018	8

ASSETS	March 31, 2019	December 31, 2018
Real estate:
Rental properties:
Land and land improvements	$2,727,878		$2,701,356
Buildings and improvements	10,844,322		10,664,745
	13,572,200		13,366,101
Less: accumulated depreciation	(3,329,743)		(3,209,548)
	10,242,457		10,156,553

	Three Months Ended March 31,
	2019	2018
Revenues:
Rental and other property	$353,888		$344,947
Management and other fees from affiliates	2,335		2,308
	356,223		347,255
Expenses:
Property operating, excluding real estate taxes	58,898		57,250

	Common stock	Additional paid-in capital		Distributionsin excess of accumulated earnings	Accumulatedothercomprehensive loss, net	Noncontrolling Interest
	Shares	Amount				Total
Balances at December 31, 2018	65,890		$7		$7,093,079		$(812,796)	$(13,217)	$126,771	$6,393,844
Net income	—		—		—		118,858	—	6,647	125,505
Reversal of unrealized losses upon the sale of marketable debt securities	—		—		—		—	32	1	33
Change in fair value of derivatives and amortization of swap settlements	—		—		—		—	(1,926)	(67)	(1,993)
Change in fair value of marketable debt securities, net	—		—		—		—	119	4	123
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, 2018	65,890		$6,280,290			2,305	$59,061		$(9,738)	$64,231	$6,393,844
Net income	—		118,858			—	4,171		—	2,476	125,505
Reversal of unrealized losses upon the sale of marketable debt securities	—		—			—	—		33	—	33
Change in fair value of derivatives and amortization of swap settlements	—		—			—	—		(1,993)	—	(1,993)
Change in fair value of marketable debt securities, net	—		—			—	—		123	—	123

	March 31, 2019
	AmortizedCost/Cost	GrossUnrealizedGain (Loss)		Carrying Value
Equity securities:
Investment funds - debt securities	$21,083		$45		$21,128
Common stock and stock funds	41,997		2,226		44,223
Debt securities:
Available for sale
U.S. treasury securities	9,022		(25)		8,997

	Change in fairvalue and amortizationof swap settlements	Unrealizedgains/(losses) onavailable for sale securities		Total
Balance at December 31, 2018	$(13,077)		$(140)		$(13,217)
Cumulative effect upon adoption of ASU No. 2017-12	175		—		175
Other comprehensive income (loss) before reclassification	(27)		119		92
Amounts reclassified from accumulated other comprehensive loss	(1,899)		32		(1,867)
Other comprehensive income	(1,751)		151		(1,600)
Balance at March 31, 2019	$(14,828)		$11		$(14,817)

Balance at December 31, 2018	$35,475
Reclassification due to change in redemption value and other	1,767
Redemptions	(73)
Balance at March 31, 2019	$37,169

	March 31, 2019	December 31, 2018		March 31, 2018	December 31, 2017
Cash and cash equivalents - unrestricted	$107,034		$134,465		$121,954	$44,620
Cash and cash equivalents - restricted	17,092		16,930		17,124	16,506
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statement of cash flows	$124,126		$151,395		$139,078	$61,126

	Weighted Average Company Ownership Percentage (1)	March 31, 2019		December 31, 2018
Ownership interest in:
CPPIB	54%		$478,440			$482,507
Wesco I, Wesco III, Wesco IV, and Wesco V	52%		191,205			194,890
BEXAEW, BEX II and BEX III	50%		118,982			121,780
Other	49%		13,707			34,093
Total operating and other co-investments, net		802,334			833,270
Total pre-development and development co-investments	50%		109,696			94,060

	Three Months Ended March 31,
	2019	2018
Southern California	$151,024		$146,558
Northern California	136,325		128,622
Seattle Metro	60,240		58,713
Other real estate assets (1)	6,299		11,054
Total rental and other property revenues	$353,888		$344,947

	Three Months Ended March 31,
	2019	2018
Same-property (1)	$337,352		$327,267
Acquisitions (2)	2,271		—
Development (3)	1,133		19
Redevelopment	5,212		5,024
Non-residential/other, net (4)	7,920		12,637
Total rental and other property revenues	$353,888		$344,947

	March 31, 2019	December 31, 2018
Combined balance sheets: (1)
Rental properties and real estate under development	$4,310,726		$4,367,987
Other assets	101,790		104,119
Total assets	$4,412,516		$4,472,106
Debt	$2,160,347		$2,190,764
Other liabilities	114,300		106,316
Equity	2,137,869		2,175,026

	Three Months Ended March 31,
	2019	2018
Combined statements of income: (1)
Property revenues	$83,725		$80,842
Property operating expenses	(28,719)		(27,069)
Net operating income	55,006		53,773
Interest expense	(15,115)		(16,735)
General and administrative	(1,928)		(1,492)

	March 31, 2019	December 31, 2018
Notes receivable, secured, bearing interest at 10.00%, due May 2021	$15,609		$15,226
Notes receivable, secured, bearing interest at 10.75%, due September 2020	33,527		32,650
Related party note receivable, secured, bearing interest at 9.50%, due October 2019(1)	6,621		6,618
Notes and other receivables from affiliates (2)	3,889		4,457
Other receivables	11,508		12,944
Total notes and other receivables	$71,154		$71,895

	March 31, 2019	December 31, 2018		Weighted AverageMaturityIn Years as of March 31, 2019
Unsecured bonds private placement - fixed rate	$274,673		$274,624		1.8
Term loan - variable rate	348,895		348,813		2.9
Bonds public offering - fixed rate	3,670,405		3,175,879		7.8
Unsecured debt, net (1)	4,293,973		3,799,316
Lines of credit (2)	—		—
Mortgage notes payable, net (3)	1,441,828		1,806,626		5.5
Total debt, net	$5,735,801		$5,605,942

Remaining in 2019	$229,732
2020	693,723
2021	543,604
2022	691,178
2023	600,852
Thereafter	3,000,880
Total	$5,759,969

	March 31, 2019	December 31, 2018
Assets:
Southern California	$4,309,022		$4,350,377
Northern California	4,411,355		4,270,238
Seattle Metro	1,461,068		1,472,916
Other real estate assets	61,012		63,022
Net reportable operating segment - real estate assets	10,242,457		10,156,553
Real estate under development	497,794		454,629

	Three Months Ended March 31, 2019	Three Months Ended March 31, 2018
	Income	Weighted-averageCommonShares		PerCommonShareAmount	Income	Weighted-averageCommonShares		PerCommonShareAmount
Basic:
Net income available to common stockholders	$118,858		65,702,788		$1.81		$90,918			66,044,022	$1.38
Effect of Dilutive Securities:
Stock options	—		81,081			—			38,495
Diluted:
Net income available to common stockholders	$118,858		65,783,869		$1.81		$90,918			66,082,517	$1.38

	Future Minimum Rent
Remaining of 2019	$612,190
2020	64,761
2021	14,599
2022	13,397
2023	12,403
Thereafter	33,304
	$750,654

	Future Minimum Rent
2019	$16,386
2020	15,842
2021	14,412
2022	13,324
2023	12,181
Thereafter	33,034
	$105,179

	Classification	March 31, 2019
Assets
Operating lease right-of-use assets	Operating lease right-of-use assets	$76,996
Total leased assets		$76,996
Liabilities
Operating lease liabilities	Operating lease liabilities	79,010
Total lease liabilities		$79,010

	Three Months Ended March 31, 2019
Operating lease cost	$1,686
Variable lease cost	142
Short-term lease cost	132
Sublease income	(107)
Total lease cost	$1,853

	Operating Leases
Remaining in 2019	$5,117
2020	6,855
2021	6,877
2022	6,888
2023	6,860
Thereafter	153,258
Total lease payments	$185,855

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 “4”

Table 6 after “(In thousands, except parenthetical amounts)”

Table 7 after “6”

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

Table 9 after “(In thousands, except unit and per unit amounts)”

Table 10 after “(In thousands)”

Table 11 after “10”

Table 12 after “(In thousands, except parenthetical amounts)”

Table 13 after “12”

Table 14 after “, marketable securities consist of the following ($ in thousands):”

Table 15 after “, marketable securities consist of the following ($ in thousands):”

Table 16 after “($ in thousands):”

Table 17 after “($ in thousands):”

Table 18 after “is as follows ($ in thousands):”

Table 19 after “The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated bala”

Table 20 after “The following table presents the Company’s revenues disaggregated by revenue source ($ in thousands):”

Table 21 after “The following table presents the Company’s rental and other property-related revenues disaggregated by geographic operating segment ($ in th”

Table 22 after “The following table presents the Company’s rental and other property-related revenues disaggregated by current property category status ($ i”

Table 23 after “are as follows ($ in thousands, except parenthetical amounts):”

Table 24 after “The combined summarized entity financial information of co-investments is as follows ($ in thousands).”

Table 25 after “The combined summarized entity financial information of co-investments is as follows ($ in thousands).”

Table 26 after “($ in thousands):”

Table 27 after “Debt consists of the following ($ in thousands):”

Table 28 after “are as follows (excluding lines of credit) ($ in thousands):”

Table 29 after “($ in thousands):”

Table 30 after “($ in thousands):”

Table 31 after “Essex Property Trust, Inc.”

Table 32 after “Essex Portfolio, L.P.”

Table 33 after “A maturity analysis of undiscounted future minimum non-cancelable base rent to be received under the above operating leases as of March 31, ”

Table 34 after “commercial building and commercial portions of mixed use communities, for which the Company was the lessor, was as follows ($ in thousands):”

Table 35 after “Supplemental condensed consolidated balance sheet information related to leases as of March 31, 2019 is as follows ($ in thousands):”

Table 36 after “The components of lease expense for the three months ended March 31, 2019 were as follows ($ in thousands):”

Table 37 after “A maturity analysis of lease liabilities as of March 31, 2019 are as follows ($ in thousands):”

Table 38 after “As of December 31, 2018, in accordance with previously applicable lease accounting guidance, ASC 840, the total minimum lease commitments, u”

Table 39 after “The Company’s consolidated apartment communities are as follows:”

Table 40 after “is as follows:”

Table 41 after “The following table provides a breakdown of revenues amounts, including revenues attributable to the Same-Properties:”

Table 42 after “Essex Property Trust, Inc.”

Table 43 after “varying marginal impacts to overhead by acquiring real estate, NOI is considered by many in the real estate industry to be a useful measure ”

Table 44 after “.”

Table 45 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 46 after “.”

Table 47 after “Item 6: Exhibits”

	Future Minimum Rent
2019	$6,811
2020	6,855
2021	6,877
2022	6,888
2023	6,860
Thereafter	153,258
	$187,549

	As of March 31, 2019		As of March 31, 2018
	Apartment Homes	%			Apartment Homes	%
Southern California	22,674			46%			23,343	47%
Northern California	16,449			33%			15,970	32%
Seattle Metro	10,238			21%			10,238	21%
Total	49,361			100%			49,551	100%

	Number of Apartment	Three Months Ended March 31,		Dollar	Percentage
Property Revenues ($ in thousands)	Homes	2019		2018	Change	Change
Same-Property Revenues:
Southern California	21,979		$146,222		$141,917		$4,305	3.0%
Northern California	15,685		130,890		126,637		4,253	3.4%
Seattle Metro	10,238		60,240		58,713		1,527	2.6%
Total Same-Property Revenues	47,902		337,352		327,267		10,085	3.1%
Non-Same Property Revenues			16,536		17,680		(1,144)	(6.5)%

				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		$4,139		$6,482	$1,783
Interest rate caps	9,924		2019		—		—	—
Total cash flow hedges	$184,924		2019-2022		$4,139		$6,482	$1,783

For the Years Ended	2019	2020		2021	2022	2023		Thereafter	Total	Fair value
($ in thousands, except for interest rates)
Fixed rate debt	$229,280		693,071		542,891		340,398		600,000		2,734,849	$5,140,489	$5,204,248
Average interest rate	5.0%		5.0%		4.5%		3.8%		3.7%		3.9%	4.1%
Variable rate debt (1)	$452		652		713		350,780		852		266,031	$619,480	$615,036
Average interest rate	2.6%		2.6%		2.6%		3.0%		2.6%		2.5%	2.8%

	Total Number ofShares Purchased	Average PricePaid Per Share		Total Number of SharesPurchased as Part of aPublicly AnnouncedProgram(1)	Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program (in thousands)(1)
January 1, 2019 - January 31, 2019	234,061		$243.48		234,061	$140.7
Total	234,061		$243.48		234,061	$250.0

A. Exhibits
4.1	Indenture, dated February 11, 2019, among Essex Portfolio, L.P., Essex Property Trust, Inc., and U.S. Bank National Association, as trustee, including the form of 4.000% Senior Notes due 2029 and the guarantee thereof, attached as Exhibit 4.1 to the Company's Current Report on Form 8-K, filed February 11, 2019, and incorporated herein by reference.
10.1	First Amendment to Second Amended and Restated Revolving Credit Agreement, dated as of January 11, 2019, by and among Essex Portfolio, L.P., PNC Bank, National Association, as Administrative Agent and L/C Issuer and other lenders party thereto, attached as Exhibit 10.21 to the Company’s Annual Report on Form 10-K, filed February 21, 2019, and incorporated herein by reference.
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.**