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

54 tables with numbers, filed Jul 25, 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 June 30, 2019 and December 31, 2018	2
	Condensed Consolidated Statements of Income and Comprehensive Income for the three and six months ended June 30, 2019 and 2018	3
	Condensed Consolidated Statements of Equity for the three and six months ended June 30, 2019 and 2018	4
	Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2019 and 2018	8
	Condensed Consolidated Financial Statements of Essex Portfolio, L.P. (Unaudited)
	Condensed Consolidated Balance Sheets as of June 30, 2019 and December 31, 2018	10

ASSETS	June 30, 2019	December 31, 2018
Real estate:
Rental properties:
Land and land improvements	$2,778,386		$2,701,356
Buildings and improvements	11,007,760		10,664,745
	13,786,146		13,366,101
Less: accumulated depreciation	(3,447,848)		(3,209,548)
	10,338,298		10,156,553

	Three Months Ended June 30,	Six Months Ended June 30,
	2019	2018		2019	2018
Revenues:
Rental and other property	$359,375		$346,526		$713,263	$691,473
Management and other fees from affiliates	2,260		2,197		4,595	4,505
	361,635		348,723		717,858	695,978
Expenses:
Property operating, excluding real estate taxes	59,162		58,111		118,060	115,361

	Common stock	Additional paid-in capital		Distributionsin excess of accumulated earnings	Accumulatedothercomprehensive loss, net	Noncontrolling Interest
Three Months Ended June 30, 2019	Shares	Amount				Total
Balances at March 31, 2019	65,716		$7		$7,028,154		$(822,087)	$(14,817)	$125,938	$6,317,195
Net income	—		—		—		92,275	—	5,786	98,061
Reversal of unrealized gains upon the sale of marketable debt securities	—		—		—		—	(63)	(2)	(65)
Change in fair value of derivatives and amortization of swap settlements	—		—		—		—	(4,214)	(147)	(4,361)
Change in fair value of marketable debt securities, net	—		—		—		—	102	3	105
Issuance of common stock under:

	General Partner	Limited Partners		Accumulated other comprehensive loss
	Common Equity	Common Equity			Noncontrolling Interest
Three months ended June 30, 2019	Units	Amount		Units		Amount		Total
Balances at March 31, 2019	65,716		$6,206,074			2,299	$58,667		$(11,394)	$63,848	$6,317,195
Net income	—		92,275			—	3,228		—	2,558	98,061
Reversal of unrealized gains upon the sale of marketable debt securities	—		—			—	—		(65)	—	(65)
Change in fair value of derivatives and amortization of swap settlements	—		—			—	—		(4,361)	—	(4,361)
Change in fair value of marketable debt securities, net	—		—			—	—		105	—	105

	June 30, 2019
	AmortizedCost/Cost	GrossUnrealizedGain (Loss)		Carrying Value
Equity securities:
Investment funds - debt securities	$27,837		$379		$28,216
Common stock and stock funds	38,780		1,836		40,616
Debt securities:
Available for sale
U.S. treasury securities	7,445		(11)		7,434

	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 (loss) income before reclassification	(2,353)		221		(2,132)
Amounts reclassified from accumulated other comprehensive loss	(3,787)		(31)		(3,818)
Other comprehensive income	(5,965)		190		(5,775)
Balance at June 30, 2019	$(19,042)		$50		$(18,992)

Balance at December 31, 2018	$35,475
Reclassification due to change in redemption value and other	1,428
Redemptions	(73)
Balance at June 30, 2019	$36,830

	June 30, 2019	December 31, 2018		June 30, 2018	December 31, 2017
Cash and cash equivalents - unrestricted	$38,168		$134,465		$160,902	$44,620
Cash and cash equivalents - restricted	16,803		16,930		16,674	16,506
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statement of cash flows	$54,971		$151,395		$177,576	$61,126

	Weighted Average Company Ownership Percentage (1)	June 30, 2019		December 31, 2018
Ownership interest in:
CPPIB	54%		$473,746			$482,507
Wesco I, Wesco III, Wesco IV, and Wesco V	52%		187,446			194,890
BEXAEW, BEX II, and BEX III	50%		117,607			121,780
Other	49%		15,071			34,093
Total operating and other co-investments, net		793,870			833,270
Total pre-development and development co-investments	50%		120,249			94,060

	Six Months Ended June 30,
	2019	2018
Redemption of noncontrolling interests	(14,179)		(57)
Redemption of redeemable noncontrolling interests	(73)		(43)
Common and preferred units and preferred interest distributions paid	(260,603)		(249,060)
Net cash used in financing activities	(194,790)		(248,063)
Net increase (decrease) in unrestricted and restricted cash and cash equivalents	(96,424)		116,450
Unrestricted and restricted cash and cash equivalents at beginning of period	151,395		61,126

	Three Months Ended June 30,	Six Months Ended June 30,
	2019	2018		2019	2018
Same-property (1)	$340,042		$328,602		$677,394	$655,869
Acquisitions (2)	4,836		—		7,107	—
Development (3)	1,192		450		2,325	469
Redevelopment	5,223		5,036		10,435	10,060
Non-residential/other, net (4)	8,082		12,438		16,002	25,075
Total rental and other property revenues	$359,375		$346,526		$713,263	$691,473

	June 30, 2019	December 31, 2018
Combined balance sheets: (1)
Rental properties and real estate under development	$4,419,528		$4,367,987
Other assets	81,172		104,119
Total assets	$4,500,700		$4,472,106
Debt	$2,170,899		$2,190,764
Other liabilities	122,353		106,316
Equity	2,207,448		2,175,026

	Three Months Ended June 30,	Six Months Ended June 30,
	2019	2018		2019	2018
Combined statements of income: (1)
Property revenues	$81,832		$81,348		$165,557	$162,190
Property operating expenses	(27,835)		(26,567)		(56,554)	(53,636)
Net operating income	53,997		54,781		109,003	108,554
Interest expense	(16,080)		(13,639)		(31,195)	(30,374)
General and administrative	(2,243)		(2,388)		(4,171)	(3,880)

	June 30, 2019	December 31, 2018
Notes receivable, secured, bearing interest at 10.00%, due May 2021	$16,007		$15,226
Notes receivable, secured, bearing interest at 10.75%, due September 2020	34,438		32,650
Related party note receivable, secured, bearing interest at 9.50%, due October 2019(1)	6,624		6,618
Notes and other receivables from affiliates (2)	4,003		4,457
Other receivables	13,344		12,944
Total notes and other receivables	$74,416		$71,895

	June 30, 2019	December 31, 2018		Weighted AverageMaturityIn Years as of June 30, 2019
Unsecured bonds private placement - fixed rate	$274,723		$274,624		1.6
Term loan - variable rate	348,991		348,813		2.6
Bonds public offering - fixed rate	3,670,598		3,175,879		7.5
Unsecured debt, net (1)	4,294,312		3,799,316
Lines of credit (2)	117,000		—
Mortgage notes payable, net (3)	1,429,939		1,806,626		5.7
Total debt, net	$5,841,251		$5,605,942

Remaining in 2019	$118,081
2020	695,580
2021	545,537
2022	693,188
2023	602,945
Thereafter	3,090,767
Total	$5,746,098

	June 30, 2019	December 31, 2018
Assets:
Southern California	$4,275,854		$4,350,377
Northern California	4,549,598		4,270,238
Seattle Metro	1,451,764		1,472,916
Other real estate assets	61,082		63,022
Net reportable operating segment - real estate assets	10,338,298		10,156,553
Real estate under development	542,207		454,629

	Three Months Ended June 30, 2019	Three Months Ended June 30, 2018
	Income	Weighted-averageCommonShares		PerCommonShareAmount	Income	Weighted-averageCommonShares		PerCommonShareAmount
Basic:
Net income available to common stockholders	$92,275		65,718,806		$1.40		$100,440			66,047,751	$1.52
Effect of Dilutive Securities:
Stock options	—		103,009			—			48,598
Diluted:
Net income available to common stockholders	$92,275		65,821,815		$1.40		$100,440			66,096,349	$1.52

	Six Months Ended June 30, 2019	Six Months Ended June 30, 2018
	Income	Weighted-averageCommonShares		PerCommonShareAmount	Income	Weighted-averageCommonShares		PerCommonShareAmount
Basic:
Net income available to common stockholders	$211,133		65,710,842		$3.21		$191,358			66,045,897	$2.90
Effect of Dilutive Securities:
Stock options	—		91,575			—			42,906
Diluted:
Net income available to common stockholders	$211,133		65,802,417		$3.21		$191,358			66,088,803	$2.90

	Future Minimum Rent
Remaining in 2019	$511,596
2020	232,775
2021	14,872
2022	13,650
2023	12,614
Thereafter	34,218
	$819,725

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

	Classification	June 30, 2019
Assets
Operating lease right-of-use assets	Operating lease right-of-use assets	$76,205
Total leased assets		$76,205
Liabilities
Operating lease liabilities	Operating lease liabilities	78,226
Total lease liabilities		$78,226

	Three Months Ended June 30, 2019	Six Months Ended June 30, 2019
Operating lease cost	$1,687		$3,373
Variable lease cost	371		513
Short-term lease cost	152		284
Sublease income	(110)		(217)
Total lease cost	$2,100		$3,953

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 “5”

Table 7 after “6”

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

Table 9 after “8”

Table 10 after “(In thousands, except parenthetical and unit amounts)”

Table 11 after “(In thousands, except unit and per unit amounts)”

Table 12 after “(In thousands)”

Table 13 after “12”

Table 14 after “13”

Table 15 after “14”

Table 16 after “(In thousands, except parenthetical amounts)”

Table 17 after “16”

Table 18 after “, marketable securities consist of the following ($ in thousands):”

Table 19 after “, marketable securities consist of the following ($ in thousands):”

Table 20 after “($ in thousands):”

Table 21 after “($ in thousands):”

Table 22 after “is as follows ($ in thousands):”

Table 23 after “The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated bala”

Table 24 after “The following table presents the Company’s revenues disaggregated by revenue source ($ in thousands):”

Table 25 after “The following table presents the Company’s rental and other property-related revenues disaggregated by geographic operating segment ($ in th”

Table 26 after “The following table presents the Company’s rental and other property-related revenues disaggregated by current property category status ($ i”

Table 27 after “are as follows ($ in thousands, except parenthetical amounts):”

Table 28 after “The combined summarized entity financial information of co-investments is as follows ($ in thousands):”

Table 29 after “(Unaudited)”

Table 30 after “($ in thousands):”

Table 31 after “Debt consists of the following ($ in thousands):”

Table 32 after “are as follows (excluding lines of credit) ($ in thousands):”

Table 33 after “($ in thousands):”

Table 34 after “($ in thousands):”

Table 35 after “Essex Property Trust, Inc.”

Table 36 after “(Unaudited)”

Table 37 after “Essex Portfolio, L.P.”

Table 38 after “(Unaudited)”

Table 39 after “is summarized as follows ($ in thousands):”

Table 40 after “commercial building and commercial portions of mixed use communities, for which the Company was the lessor, was as follows ($ in thousands):”

Table 41 after “is as follows ($ in thousands):”

Table 42 after “were as follows ($ in thousands):”

Table 43 after “are as follows ($ in thousands):”

Table 44 after “As of December 31, 2018, in accordance with previously applicable lease accounting guidance, ASC 840, the total minimum lease commitments un”

Table 45 after “The Company’s consolidated apartment communities are as follows:”

Table 46 after “is as follows:”

Table 47 after “The following table provides a breakdown of revenues amounts, including revenues attributable to the Same-Properties:”

Table 48 after “is as follows:”

Table 49 after “The following table provides a breakdown of revenue amounts, including revenues attributable to the Same-Properties:”

Table 50 after “Essex Property Trust, Inc.”

Table 51 after “Net operating income ("NOI") and Same-Property NOI are considered by management to be an important supplemental performance measure to earni”

Table 52 after “48”

Table 53 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 54 after “Item 6: Exhibits”

	Operating Leases
Remaining in 2019	$3,419
2020	6,855
2021	6,877
2022	6,888
2023	6,860
Thereafter	153,258
Total lease payments	$184,157

	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 June 30, 2019		As of June 30, 2018
	Apartment Homes	%			Apartment Homes	%
Southern California	22,674			46%			22,964	47%
Northern California	16,749			34%			15,970	32%
Seattle Metro	10,238			20%			10,238	21%
Total	49,661			100%			49,172	100%

	Number of Apartment	Three Months Ended June 30,		Dollar	Percentage
Property Revenues ($ in thousands)	Homes	2019		2018	Change	Change
Same-Property Revenues:
Southern California	21,979		$147,158		$142,617		$4,541	3.2%
Northern California	15,685		132,043		127,189		4,854	3.8%
Seattle Metro	10,238		60,841		58,796		2,045	3.5%
Total Same-Property Revenues	47,902		340,042		328,602		11,440	3.5%
Non-Same Property Revenues			19,333		17,924		1,409	7.9%

				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		$1,338		$3,503	$(863)
Interest rate caps	9,924		2019		—		—	—
Total cash flow hedges	$184,924		2019-2022		$1,338		$3,503	$(863)

For the Years Ended	2019	2020		2021	2022	2023		Thereafter	Total	Fair value
($ in thousands, except for interest rates)
Fixed rate debt	$117,776		694,928		544,824		342,408		602,093		2,824,736	$5,126,765	$5,298,152
Average interest rate	5.1%		5.0%		4.5%		3.8%		3.7%		3.9%	4.1%
Variable rate debt (1)	$305		652		713		467,780		852		266,031	$736,333	$731,305
Average interest rate	2.7%		2.7%		2.7%		3.0%		2.7%		2.6%	2.9%

A. Exhibits
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.**
32.3*	Certification of Michael J. Schall, Principal Executive Officer of General Partner, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.**