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

50 tables with numbers, filed Oct 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 September 30, 2022 and December 31, 2021	2
	Condensed Consolidated Statements of Income and Comprehensive Income for the three and nine months ended September 30, 2022 and 2021	3
	Condensed Consolidated Statements of Equity for the three and nine months ended September 30, 2022 and 2021	4
	Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2022 and 2021	8
	Condensed Consolidated Financial Statements of Essex Portfolio, L.P. (Unaudited)
	Condensed Consolidated Balance Sheets as of September 30, 2022 and December 31, 2021	10

ASSETS	September 30, 2022	December 31, 2021
Real estate:
Rental properties:
Land and land improvements	$3,059,246		$3,032,678
Buildings and improvements	12,912,359		12,597,249
	15,971,605		15,629,927
Less: accumulated depreciation	(5,047,880)		(4,646,854)
	10,923,725		10,983,073

	Three Months Ended September 30,	Nine Months Ended September 30,
	2022	2021		2022	2021
Revenues:
Rental and other property	$406,862		$360,620		$1,183,318	$1,062,253
Management and other fees from affiliates	2,886		2,237		8,313	6,707
	409,748		362,857		1,191,631	1,068,960
Expenses:
Property operating, excluding real estate taxes	73,450		69,537		212,069	197,880

	Common stock	Additional paid-in capital	Distributions in excess of accumulated earnings		Accumulated other comprehensive income, net	Noncontrolling interest	Total
Three months ended September 30, 2022		Shares	Amount
Balances at June 30, 2022		65,124		$7		$6,875,863		$(1,073,577)	$25,554	$178,738	$6,006,585
Net income		—		—		—		92,842	—	5,858	98,700
Change in fair value of derivatives and amortization of swap settlements		—		—		—		—	25,304	885	26,189
Change in fair value of marketable debt securities, net		—		—		—		—	(89)	(3)	(92)
Issuance of common stock under:
Stock option and restricted stock plans, net		1		—		155		—	—	—	155

	General Partner			Limited Partners		Accumulated other comprehensive income, net		Noncontrolling interest	Total
	Common Equity			Common Equity
Three Months Ended September 30, 2022	Units	Amount			Units		Amount
Balances at June 30, 2022	65,124		$5,802,293					2,273		$51,233	$30,387	$122,672	$6,006,585
Net income	—		92,842					—		3,247	—	2,611	98,700
Change in fair value of derivatives and amortization of swap settlements	—		—					—		—	26,189	—	26,189
Change in fair value of marketable debt securities, net	—		—					—		—	(92)	—	(92)
Issuance of common units under:

	General Partner			Limited Partners		Accumulated other comprehensive income (loss), net		Noncontrolling interest	Total
	Common Equity			Common Equity
Nine months ended September 30, 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	—		223,150					—		7,800	—	7,815	238,765
Change in fair value of derivatives and amortization of swap settlements	—		—					—		—	58,084	—	58,084
Change in fair value of marketable debt securities, net	—		—					—		—	204	—	204
Issuance of common units under:

	General Partner			Limited Partners		Accumulated other comprehensive loss, net		Noncontrolling interest	Total
	Common Equity			Common Equity
Three months ended September 30, 2021	Units	Amount			Units		Amount
Balances at June 30, 2021	65,004		$5,963,223					2,294		$56,950	$(6,167)	$122,697	$6,136,703
Net income	—		118,390					—		4,168	—	2,444	125,002
Change in fair value of derivatives and amortization of swap settlements	—		—					—		—	728	—	728
Change in fair value of marketable debt securities, net	—		—					—		—	99	—	99
Issuance of common units under:

	September 30, 2022
	Cost	Gross Unrealized (Loss) Gain		Carrying Value
Equity securities:
Investment funds - debt securities	$63,681		$(11,582)		$52,099
Common stock, preferred stock, and stock funds	90,890		(2,884)		88,006
Debt securities:
Available for sale
Investment-grade unsecured debt	1,049		545		1,594

	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	56,109		197		56,306
Amounts reclassified from accumulated other comprehensive loss	15		—		15
Other comprehensive income	56,124		197		56,321
Balance at September 30, 2022	$50,212		$557		$50,769

Balance at December 31, 2021	$34,666
Reclassification due to change in redemption value and other	(4,950)
Redemptions	(478)
Balance at September 30, 2022	$29,238

	Nine Months Ended September 30,
	2022	2021
Cash flows from operating activities:
Net income	$238,765		$371,566
Adjustments to reconcile net income to net cash provided by operating activities:
Straight-lined rents	5,529		8,734
Depreciation and amortization	403,561		387,887
Amortization of discount and debt financing costs, net	4,916		7,987

	Nine Months Ended September 30,
	2022	2021
Additions to deferred charges	(140)		(8,237)
Payments related to debt prepayment penalties	—		(18,342)
Net proceeds from issuance of common stock	(314)		(202)
Net proceeds from stock options exercised	19,410		17,847
Payments related to tax withholding for share-based compensation	(2,216)		(5,445)
Contributions from noncontrolling interest	125		1,900

	Nine Months Ended September 30,
	2022	2021
Cash flows from operating activities:
Net income	$238,765		$371,566
Adjustments to reconcile net income to net cash provided by operating activities:
Straight-lined rents	5,529		8,734
Depreciation and amortization	403,561		387,887
Amortization of discount and debt financing costs, net	4,916		7,987

	Nine Months Ended September 30,
	2022	2021
Additions to deferred charges	(140)		(8,237)
Payments related to debt prepayment penalties	—		(18,342)
Net proceeds from issuance of common units	(314)		(202)
Net proceeds from stock options exercised	19,410		17,847
Payments related to tax withholding for share-based compensation	(2,216)		(5,445)
Contributions from noncontrolling interest	125		1,900

	September 30, 2022	December 31, 2021		September 30, 2021	December 31, 2020
Cash and cash equivalents - unrestricted	$42,711		$48,420		$49,910	$73,629
Cash and cash equivalents - restricted	10,858		10,218		11,042	10,412
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statement of cash flows	$53,569		$58,638		$60,952	$84,041

	Weighted Average Company Ownership Percentage (1)	September 30, 2022		December 31, 2021
Ownership interest in:
Wesco I (2), Wesco III, Wesco IV, Wesco V, and Wesco VI	54%		$184,918			$168,198
BEXAEW, BEX II, BEX IV, and 500 Folsom	50%		241,552			270,550
Other (3)	52%		82,918			126,503
Total operating and other co-investments, net		509,388			565,251
Total development co-investments	51%		12,939			11,076
Total preferred interest co-investments (includes related party investments of $85.5 million and $71.1 million as of September 30, 2022 and December 31, 2021, respectively)		584,624			565,930

	September 30, 2022	December 31, 2021
Combined balance sheets: (1)
Rental properties and real estate under development	$4,755,419		$4,603,465
Other assets	328,845		278,411
Total assets	$5,084,264		$4,881,876
Debt	$3,333,381		$3,046,765
Other liabilities	182,941		200,129
Equity	1,567,942		1,634,982

	September 30, 2022	December 31, 2021
Notes receivable, secured, weighted average interest rate of 10.10% as of September 30, 2022 and 10.50% as of December 31, 2021, due February 2023 (Originated March 2020)	$18,465		$17,051
Note receivable, secured, bearing interest at 9.00%, due December 2023 (Originated November 2020)	89,629		87,365
Note receivable, secured, bearing interest at 11.50%, due November 2024 (Originated November 2020)	32,492		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
Note receivable, secured, bearing interest at 11.00%, due October 2025 (Originated October 2021)	12,877		—
Related party note receivable, secured, bearing interest at 2.36%, due February 2022 (Originated November 2021) (3)	—		62,058

	Mezzanine Loans	Bridge Loans		Total
Balance at December 31, 2021	$671		$85		$756
Provision for credit losses	89		(85)		4
Balance at September 30, 2022	$760		$—		$760

	September 30, 2022	December 31, 2021		Weighted Average Maturity In Years as of September 30, 2022
Unsecured debt, net (1)	$5,312,131		$5,307,196		7.9
Lines of credit (2)	219,481		341,257
Mortgage notes payable, net (3)	635,389		638,957		7.7
Total debt, net	$6,167,001		$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	3.1%		1.0%
Weighted average interest rate on mortgage notes payable	3.1%		2.7%

Remaining in 2022	$40,439
2023	302,945
2024	403,109
2025	633,054
2026	549,405
Thereafter	4,056,224
Total	$5,985,176

	September 30, 2022	December 31, 2021
Assets:
Southern California	$3,993,289		$4,018,839
Northern California	5,444,582		5,460,701
Seattle Metro	1,381,428		1,407,033
Other real estate assets	104,426		96,500
Net reportable operating segment - real estate assets	10,923,725		10,983,073
Real estate under development	23,752		111,562

	Three Months Ended September 30, 2022	Three Months Ended September 30, 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	$92,842		65,059,678		$1.43		$118,390			65,048,486	$1.82
Effect of Dilutive Securities:
Stock options	—		8,112			—			99,295
Diluted:
Net income available to common stockholders	$92,842		65,067,790		$1.43		$118,390			65,147,781	$1.82

	Nine Months Ended September 30, 2022	Nine Months Ended September 30, 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	$223,150		65,198,532		$3.42		$351,680			65,013,477	$5.41
Effect of Dilutive Securities:
Stock options	—		27,235			—			61,697
Diluted:
Net income available to common stockholders	$223,150		65,225,767		$3.42		$351,680			65,075,174	$5.40

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 “Table of Contents”

Table 7 after “Table of Contents”

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

Table 9 after “Table of Contents”

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 “Table of Contents”

Table 14 after “Table of Contents”

Table 15 after “Table of Contents”

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

Table 17 after “Table of Contents”

Table 18 after “As of September 30, 2022 and December 31, 2021, marketable securities consisted of the following ($ in thousands):”

Table 19 after “As of September 30, 2022 and December 31, 2021, marketable securities consisted of the following ($ in thousands):”

Table 20 after “($ in thousands):”

Table 21 after “($ in thousands):”

Table 22 after “The changes to the redemption value of redeemable noncontrolling interests for the nine months ended September 30, 2022 is as follows ($ in ”

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

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

Table 27 after “The carrying values of the Company's co-investments as of September 30, 2022 and December 31, 2021 are as follows ($ in thousands, except pa”

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

Table 29 after “(Unaudited)”

Table 30 after “Notes and other receivables consist of the following as of September 30, 2022 and December 31, 2021 ($ in thousands):”

Table 31 after “The following table presents the activity in the allowance for credit losses for notes and other receivables by loan type ($ in thousands):”

Table 32 after “Debt consists of the following ($ in thousands):”

Table 33 after “The aggregate scheduled principal payments of the Company’s outstanding debt, excluding lines of credit, as of September 30, 2022 are as fol”

Table 34 after “The revenues and NOI for each of the reportable operating segments are summarized as follows for the three and nine months ended September 3”

Table 35 after “Total assets for each of the reportable operating segments are summarized as follows as of September 30, 2022 and December 31, 2021 ($ in th”

Table 36 after “Essex Property Trust, Inc.”

Table 37 after “(Unaudited)”

Table 38 after “Essex Portfolio, L.P.”

Table 39 after “(Unaudited)”

Table 40 after “The Company’s consolidated apartment communities are as follows:”

Table 41 after “Table of Contents”

Table 42 after “The following table provides a breakdown of revenues amounts, including revenues attributable to the Same-Properties:”

Table 43 after “The regional breakdown of the Company's Same-Property portfolio for financial occupancy for the nine months ended September 30, 2022 and 202”

Table 44 after “The regional breakdown of the Company's Same-Property portfolio for financial occupancy for the nine months ended September 30, 2022 and 202”

Table 45 after “Essex Property Trust, Inc.”

Table 46 after “Net operating income ("NOI") and Same-Property NOI are considered by management to be important supplemental performance measures to earning”

Table 47 after “Table of Contents”

Table 48 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 49 after “The following table summarizes the Company's purchases of its common stock during the three months ended September 30, 2022.”

Table 50 after “Item 6: Exhibits”

	As of September 30, 2022		As of September 30, 2021
	Apartment Homes	%			Apartment Homes	%
Southern California	22,401			43%			22,190	43%
Northern California	19,230			37%			19,123	37%
Seattle Metro	10,341			20%			10,218	20%
Total	51,972			100%			51,531	100%

	Number of Apartment	Three Months Ended September 30,		Dollar		Percentage
Property Revenues ($ in thousands)	Homes	2022		2021		Change	Change
Same-Property Revenues:
Southern California	21,256		$161,479			$145,253		$16,226		11.2%
Northern California	17,895		150,768			136,211		14,557		10.7%
Seattle Metro	10,218		68,315			60,280		8,035		13.3%
Total Same-Property Revenues	49,369		380,562			341,744		38,818		11.4%
Non-Same Property Revenues		26,300			18,876		7,424		39.3%

	Notional Amount	Maturity Date Range		Carrying and Estimated Fair Value		Estimated Carrying Value
			+50		-50
($ in thousands)			Basis Points		Basis Points
Cash flow hedges:
Interest rate swaps	$300,000		2026		$6,166		$1,533	$10,680
Total cash flow hedges	$300,000		2026		$6,166		$1,533	$10,680

For the Years Ended	2022	2023		2024	2025	2026		Thereafter	Total	Fair value
($ in thousands, except for interest rates)
Fixed rate debt	$40,238		302,092		402,177		632,035		548,291		3,836,558	$5,761,391	$5,193,400
Average interest rate	3.6%		3.4%		4.0%		3.5%		3.5%		3.2%	3.2%
Variable rate debt (1)	$201		853		30,413		1,019		1,114		409,666	$443,266	$439,930
Average interest rate	2.5%		2.5%		3.1%		2.5%		2.5%		2.7%	2.7%

	Total Number of Shares Purchased	Average Price Paid 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 millions)(1)
August 1, 2022 - August 31, 2022	51,445		$274.23		51,445	$139.5
September 1, 2022 - September 30, 2022	320,439		$259.06		320,439	$430.1
Total	371,884		$261.16		371,884	$430.1

A. Exhibits
10.1*	Fourth Amended and Restated Revolving Credit Agreement, dated July 7, 2022, among Essex Portfolio, L.P., PNC Bank, National Association, as Administrative Agent and L/C Issuer and other lenders party thereto.
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.**