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

40 tables with numbers, filed Apr 27, 2022. 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, 2022 and December 31, 2021	2
	Condensed Consolidated Statements of Income and Comprehensive Income for the three months ended March 31, 2022 and 2021	3
	Condensed Consolidated Statements of Equity for the three months ended March 31, 2022 and 2021	4
	Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2022 and 2021	6
	Condensed Consolidated Financial Statements of Essex Portfolio, L.P. (Unaudited)
	Condensed Consolidated Balance Sheets as of March 31, 2022 and December 31, 2021	8

ASSETS	March 31, 2022	December 31, 2021
Real estate:
Rental properties:
Land and land improvements	$3,032,678		$3,032,678
Buildings and improvements	12,651,423		12,597,249
	15,684,101		15,629,927
Less: accumulated depreciation	(4,779,581)		(4,646,854)
	10,904,520		10,983,073

	Three Months Ended March 31,
	2022	2021
Revenues:
Rental and other property	$379,216		$352,876
Management and other fees from affiliates	2,689		2,249
	381,905		355,125
Expenses:
Property operating, excluding real estate taxes	68,858		65,085

	Common stock	Additional paid-in capital	Distributions in excess of accumulated earnings		Accumulated other comprehensive income (loss), net	Noncontrolling interest	Total
Three months ended March 31, 2022		Shares	Amount
Balances at December 31, 2021		65,248		$7		$6,915,981		$(916,833)	$(5,552)	$182,905	$6,176,508
Net income		—		—		—		73,254	—	5,121	78,375
Change in fair value of derivatives and amortization of swap settlements		—		—		—		—	19,404	679	20,083
Change in fair value of marketable debt securities, net		—		—		—		—	385	13	398
Issuance of common stock under:
Stock option and restricted stock plans, net		84		—		16,867		—	—	—	16,867

	General Partner			Limited Partners		Accumulated other comprehensive income (loss), net		Noncontrolling interest	Total
	Common Equity			Common Equity
Three months ended March 31, 2022	Units	Amount			Units		Amount
Balances at December 31, 2021	65,248		$5,999,155					2,282		$56,502	$(1,804)	$122,655	$6,176,508
Net income	—		73,254					—		2,563	—	2,558	78,375
Change in fair value of derivatives and amortization of swap settlements	—		—					—		—	20,083	—	20,083
Change in fair value of marketable debt securities, net	—		—					—		—	398	—	398
Issuance of common units under:

	March 31, 2022
	Cost	Gross Unrealized Gain (Loss)		Carrying Value
Equity securities:
Investment funds - debt securities	$62,382		$(4,638)		$57,744
Common stock and stock funds	81,026		29,143		110,169
Debt securities:
Available for sale
Investment-grade unsecured debt	1,050		739		1,789

	December 31, 2021
	Cost	Gross Unrealized (Loss) Gain		Carrying Value
Equity securities:
Investment funds - debt securities	$62,192		$(502)		$61,690
Common stock and stock funds	79,155		49,592		128,747
Debt securities:
Available for sale
Investment-grade unsecured debt	1,051		341		1,392

	Change in fair value and amortization of swap settlements	Unrealized gain on available for sale securities		Total
Balance at December 31, 2021	$(5,912)		$360		$(5,552)
Other comprehensive income before reclassification	19,399		385		19,784
Amounts reclassified from accumulated other comprehensive loss	5		—		5
Other comprehensive income	19,404		385		19,789
Balance at March 31, 2022	$13,492		$745		$14,237

Balance at December 31, 2021	$34,666
Reclassification due to change in redemption value and other	5,072
Balance at March 31, 2022	$39,738

	March 31, 2022	December 31, 2021		March 31, 2021	December 31, 2020
Cash and cash equivalents - unrestricted	$98,107		$48,420		$103,442	$73,629
Cash and cash equivalents - restricted	10,446		10,218		9,918	10,412
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statement of cash flows	$108,553		$58,638		$113,360	$84,041

	Three Months Ended March 31,
	2022	2021
Additions to deferred charges	—		(3,434)
Payments related to debt prepayment penalties	—		(2,132)
Net proceeds from issuance of common stock	(141)		—
Net proceeds from stock options exercised	19,083		1,701
Payments related to tax withholding for share-based compensation	(2,216)		(5,445)
Contributions from noncontrolling interest	125		1,900

	Three Months Ended March 31,
	2022	2021
Cash flows from operating activities:
Net income	$78,375		$176,949
Adjustments to reconcile net income to net cash provided by operating activities:
Straight-lined rents	2,074		3,087
Depreciation and amortization	133,533		128,587
Amortization of discount and debt financing costs, net	1,665		2,132

	Three Months Ended March 31,
	2022	2021
Additions to deferred charges	—		(3,434)
Payments related to debt prepayment penalties	—		(2,132)
Net proceeds from issuance of common units	(141)		—
Net proceeds from stock options exercised	19,083		1,701
Payments related to tax withholding for share-based compensation	(2,216)		(5,445)
Contributions from noncontrolling interest	125		1,900

	Three Months Ended March 31,
	2022	2021
Southern California	$156,969		$141,969
Northern California	152,590		146,690
Seattle Metro	64,203		58,633
Other real estate assets (1)	5,454		5,584
Total rental and other property revenues	$379,216		$352,876

	Weighted Average Company Ownership Percentage (1)	March 31, 2022		December 31, 2021
Ownership interest in:
Wesco I (2), Wesco III, Wesco IV, Wesco V, and Wesco VI	52%		$221,781			$168,198
BEXAEW, BEX II, BEX IV, and 500 Folsom	50%		267,338			270,550
Other (3)	52%		112,548			126,503
Total operating and other co-investments, net		601,667			565,251
Total development co-investments	50%		11,836			11,076
Total preferred interest co-investments (includes related party investments of $72.6 million and $71.1 million as of March 31, 2022 and December 31, 2021, respectively)		502,193			565,930

	March 31, 2022	December 31, 2021
Combined balance sheets: (1)
Rental properties and real estate under development	$4,666,950		$4,603,465
Other assets	342,271		278,411
Total assets	$5,009,221		$4,881,876
Debt	$3,199,607		$3,046,765
Other liabilities	167,238		200,129
Equity	1,642,376		1,634,982

	March 31, 2022	December 31, 2021
Notes receivable, secured, bearing interest at 10.50%, due February 2023 (Originated March 2020)	$17,513		$17,051
Note receivable, secured, bearing interest at 9.00%, due December 2023 (Originated November 2020)	88,746		87,365
Note receivable, secured, bearing interest at 11.50%, due November 2024 (Originated November 2020)	30,614		29,729
Related party note receivable, secured, bearing interest at 2.15%, due March 2022 (Originated September 2021) (1)	—		29,314
Related party note receivable, secured, bearing interest at 2.30%, due April 2022 (Originated October 2021) (2)	—		30,399
Related party note receivable, secured, bearing interest at 2.36%, due February 2022 (Originated November 2021) (3)	—		62,058
Related party note receivable, secured, bearing interest at 2.36%, due February 2022 (Originated November 2021) (4)	—		48,562

	Mezzanine Loans	Bridge Loans		Total
Balance at December 31, 2021	$671		$85		$756
Provision for credit losses	14		(69)		(55)
Balance at March 31, 2022	$685		$16		$701

	March 31, 2022	December 31, 2021		Weighted Average Maturity In Years as of March 31, 2022
Unsecured debt, net (1)	5,308,841		5,307,196		8.4
Lines of credit (2)	98,000		341,257
Mortgage notes payable, net (3)	637,778		638,957		8.2
Total debt, net	$6,044,619		$6,287,410
Weighted average interest rate on fixed rate unsecured bonds private placement and bonds public offering	3.3%		3.3%
Weighted average interest rate on lines of credit	1.1%		1.0%
Weighted average interest rate on mortgage notes payable	2.7%		2.7%

Remaining in 2022	$42,284
2023	302,945
2024	403,109
2025	633,054
2026	549,405
Thereafter	4,056,224
Total	$5,987,021

	March 31, 2022	December 31, 2021
Assets:
Southern California	$3,981,059		$4,018,839
Northern California	5,425,077		5,460,701
Seattle Metro	1,397,195		1,407,033
Other real estate assets	101,189		96,500
Net reportable operating segment - real estate assets	10,904,520		10,983,073
Real estate under development	112,815		111,562

	Three Months Ended March 31, 2022	Three Months Ended March 31, 2021
	Income	Weighted- average Common Shares		Per Common Share Amount	Income	Weighted- average Common Shares		Per Common Share Amount
Basic:
Net income available to common stockholders	$73,254		65,275,775		$1.12		$168,444			64,989,620	$2.59
Effect of Dilutive Securities:
Stock options	—		63,603			—			31,066
DownREIT units	—		—			197			94,247
Diluted:

	As of March 31, 2022		As of March 31, 2021
	Apartment Homes	%			Apartment Homes	%
Southern California	22,190			43%			22,121	43%
Northern California	19,230			37%			19,123	37%
Seattle Metro	10,341			20%			10,218	20%
Total	51,761			100%			51,462	100%

	Number of Apartment	Three Months Ended March 31,		Dollar		Percentage
Property Revenues ($ in thousands)	Homes	2022		2021		Change	Change
Same-Property Revenues:
Southern California	21,256		$150,653			$138,418		$12,235		8.8%
Northern California	17,895		142,002			137,386		4,616		3.4%
Seattle Metro	10,218		63,618			58,633		4,985		8.5%
Total Same-Property Revenues	49,369		356,273			334,437		21,836		6.5%
Non-Same Property Revenues		22,943			18,439		4,504		24.4%

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

Table 1 after “TABLE OF CONTENTS”

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 “Table of Contents”

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

Table 7 after “Table of Contents”

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 “Table of Contents”

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

Table 13 after “Table of Contents”

Table 14 after “As of March 31, 2022 and December 31, 2021, marketable securities consisted of the following ($ in thousands):”

Table 15 after “(Unaudited)”

Table 16 after “($ in thousands):”

Table 17 after “($ in thousands):”

Table 18 after “The changes to the redemption value of redeemable noncontrolling interests for the three months ended March 31, 2022 is as follows ($ in tho”

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 revenues disaggregated by geographic operating segment ($ in thousands)”

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

Table 23 after “The carrying values of the Company's co-investments as of March 31, 2022 and December 31, 2021 are as follows ($ in thousands, except parent”

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

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

Table 26 after “Notes and other receivables consist of the following as of March 31, 2022 and December 31, 2021 ($ in thousands):”

Table 27 after “The following table presents the activity in the allowance for credit losses for notes and other receivables by loan type ($ in thousands):”

Table 28 after “Debt consists of the following ($ in thousands):”

Table 29 after “The aggregate scheduled principal payments of the Company’s outstanding debt, excluding lines of credit, as of March 31, 2022 are as follows”

Table 30 after “(Unaudited)”

Table 31 after “Total assets for each of the reportable operating segments are summarized as follows as of March 31, 2022 and December 31, 2021 ($ in thousa”

Table 32 after “Essex Property Trust, Inc.”

Table 33 after “Essex Portfolio, L.P.”

Table 34 after “The Company’s consolidated apartment communities are as follows:”

Table 35 after “Table of Contents”

Table 36 after “The following table provides a breakdown of revenues amounts, including revenues attributable to the Same-Properties:”

Table 37 after “Essex Property Trust, Inc.”

Table 38 after “Net operating income ("NOI") and Same-Property NOI are considered by management to be important supplemental performance measures to earning”

Table 39 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 40 after “Item 6: Exhibits”

For the Years Ended	2022	2023		2024	2025	2026		Thereafter	Total	Fair value
($ in thousands, except for interest rates)
Fixed rate debt	$41,693		302,092		402,177		632,035		548,291		3,836,558	$5,762,846	$5,622,398
Average interest rate	3.6%		3.4%		4.0%		3.5%		3.5%		3.2%	3.2%
Variable rate debt (1)	$591		853		932		1,019		1,114		317,666	$322,175	$319,443
Average interest rate	1.2%		1.2%		1.2%		1.2%		1.2%		1.1%	1.1%

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 Barbara Pak, 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 Barbara Pak, 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 Barbara Pak, 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.**