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

42 tables with numbers, filed Apr 28, 2023. 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, 2023 and December 31, 2022	2
	Condensed Consolidated Statements of Income and Comprehensive Income for the three months ended March 31, 2023 and 2022	3
	Condensed Consolidated Statements of Equity for the three months ended March 31, 2023 and 2022	4
	Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2023 and 2022	6
	Condensed Consolidated Financial Statements of Essex Portfolio, L.P. (Unaudited)
	Condensed Consolidated Balance Sheets as of March 31, 2023 and December 31, 2022	8

ASSETS	March 31, 2023	December 31, 2022
Real estate:
Rental properties:
Land and land improvements	$3,031,415		$3,043,321
Buildings and improvements	12,910,492		12,922,906
	15,941,907		15,966,227
Less: accumulated depreciation	(5,254,874)		(5,152,133)
	10,687,033		10,814,094

	Three Months Ended March 31,
	2023	2022
Revenues:
Rental and other property	$409,656		$379,216
Management and other fees from affiliates	2,765		2,689
	412,421		381,905
Expenses:
Property operating, excluding real estate taxes	73,882		68,858

	Common stock	Additional paid-in capital	Distributions in excess of accumulated earnings		Accumulated other comprehensive income, net	Noncontrolling interest	Total
Three Months Ended March 31, 2023		Shares	Amount
Balances at December 31, 2022		64,605		$6		$6,750,076		$(1,080,176)	$46,466	$178,744	$5,895,116
Net income		—		—		—		153,532	—	8,062	161,594
Change in fair value of derivatives and amortization of swap settlements		—		—		—		—	(9,944)	(350)	(10,294)
Issuance of common stock under:
Stock option and restricted stock plans, net		2		—		—		—	—	—	—
Sale of common stock, net		—		—		(72)		—	—	—	(72)

	General Partner			Limited Partners		Accumulated other comprehensive income, net		Noncontrolling interest	Total
	Common Equity			Common Equity
Three Months Ended March 31, 2023	Units	Amount			Units		Amount
Balances at December 31, 2022	64,605		$5,669,906					2,272		$51,454	$52,010	$121,746	$5,895,116
Net income	—		153,532					—		5,404	—	2,658	161,594
Change in fair value of derivatives and amortization of swap settlements	—		—					—		—	(10,294)	—	(10,294)
Issuance of common units under:
General partner's stock based compensation, net	2		—					—		—	—	—	—

	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, 2023
	Cost	Gross Unrealized Loss		Carrying Value
Equity securities:
Investment funds - debt securities	$38,523		$(5,174)		$33,349
Common stock, preferred stock, and stock funds	77,004		(3,351)		73,653
Total - Marketable securities	$115,527		$(8,525)		$107,002

	Change in fair value and amortization of swap settlements
Balance at December 31, 2022	$46,466
Other comprehensive loss before reclassification	(9,949)
Amounts reclassified from accumulated other comprehensive loss	5
Other comprehensive loss	(9,944)
Balance at March 31, 2023	$36,522

Balance at December 31, 2022	$27,150
Reclassification due to change in redemption value and other	3,058
Balance at March 31, 2023	$30,208

	March 31, 2023	December 31, 2022		March 31, 2022	December 31, 2021
Cash and cash equivalents - unrestricted	$67,712		$33,295		$98,107	$48,420
Cash and cash equivalents - restricted	9,446		9,386		10,446	10,218
Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statement of cash flows	$77,158		$42,681		$108,553	$58,638

	Three Months Ended March 31,
	2023	2022
Cash flows from operating activities:
Net income	$161,594		$78,375
Adjustments to reconcile net income to net cash provided by operating activities:
Straight-lined rents	(381)		2,074
Depreciation and amortization	136,347		133,533
Amortization of discount and debt financing costs, net	1,282		1,665

	Three Months Ended March 31,
	2023	2022
Cash flows from operating activities:
Net income	$161,594		$78,375
Adjustments to reconcile net income to net cash provided by operating activities:
Straight-lined rents	(381)		2,074
Depreciation and amortization	136,347		133,533
Amortization of discount and debt financing costs, net	1,282		1,665

	Three Months Ended March 31,
	2023	2022
Southern California	$166,877		$153,339
Northern California	163,624		152,745
Seattle Metro	70,038		64,203
Other real estate assets (1)	9,117		8,929
Total rental and other property revenues	$409,656		$379,216

	Three Months Ended March 31,
	2023	2022
Same-property (1)	$388,895		$361,415
Acquisitions (2)	1,021		—
Development (3)	5,500		4,227
Redevelopment	1,537		1,435
Non-residential/other, net (4)	12,127		15,023
Straight line rent concession (5)	576		(2,884)

	Weighted Average Company Ownership Percentage (1)	March 31, 2023		December 31, 2022
Ownership interest in:
Wesco I, Wesco III, Wesco IV, Wesco V, and Wesco VI (2)	54%		$166,941			$178,552
BEXAEW, BEX II, BEX IV, and 500 Folsom	50%		235,559			238,537
Other (3)	52%		66,282			74,742
Total operating and other co-investments, net		468,782			491,831
Total development co-investments	51%		13,345			12,994
Total preferred interest co-investments (includes related party investments of $88.9 million and $87.1 million as of March 31, 2023 and December 31, 2022, respectively. See Note 6 - Related Party Transactions for further discussion)		598,747			580,134

	March 31, 2023	December 31, 2022
Combined balance sheets: (1)
Rental properties and real estate under development	$5,072,989		$4,955,051
Other assets	300,986		294,663
Total assets	$5,373,975		$5,249,714
Debt	$3,456,406		$3,397,113
Other liabilities	282,236		264,872
Equity	1,635,333		1,587,729

	March 31, 2023	December 31, 2022
Note receivable, secured, bearing interest at 11.50%, due November 2024 (Originated November 2020)	$34,468		$33,477
Note receivable, secured, bearing interest at 11.00%, due October 2025 (Originated October 2021)	28,773		21,452
Note receivable, secured, bearing interest at 12.00%, due August 2024 (Originated August 2022)	10,679		10,350
Note receivable, secured, bearing interest at 11.25%, due October 2027 (Originated October 2022)	6,774		—
Notes and other receivables from affiliates (1)	6,861		6,975
Straight line rent receivables (2)	12,536		12,164
Other receivables	20,913		18,961

	Notes Receivable, Secured
Balance at December 31, 2022	$334
Provision for credit losses	84
Balance at March 31, 2023	$418

	March 31, 2023	December 31, 2022		Weighted Average Maturity In Years as of March 31, 2023
Term loan - variable rate (1)	$(1,724)		$(1,611)		N/A
Bonds public offering - fixed rate, net	5,315,425		5,313,779		7.4
Unsecured debt, net (2)	5,313,701		5,312,168
Lines of credit (3)	457		52,073
Mortgage notes payable, net (4)	593,147		593,943		7.8
Total debt, net	$5,907,305		$5,958,184
Weighted average interest rate on fixed rate unsecured bonds private placement and bonds public offering	3.3%		3.3%

2023 (1)	$302,223
2024	403,109
2025	633,054
2026	549,405
2027	503,955
Thereafter	3,552,269
Total	$5,944,015

	March 31, 2023	December 31, 2022
Assets:
Southern California	$3,859,639		$3,892,003
Northern California	5,366,386		5,414,467
Seattle Metro	1,364,364		1,374,379
Other real estate assets	96,644		133,245
Net reportable operating segment - real estate assets	10,687,033		10,814,094
Real estate under development	21,909		24,857

	Three Months Ended March 31, 2023	Three Months Ended March 31, 2022
	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	$153,532		64,458,535		$2.38		$73,254			65,275,775	$1.12
Effect of Dilutive Securities:
Stock options	—		1,154			—			63,603
Diluted:
Net income available to common stockholders	$153,532		64,459,689		$2.38		$73,254			65,339,378	$1.12

	As of March 31, 2023		As of March 31, 2022
	Apartment Homes	%			Apartment Homes	%
Southern California	21,913			43%			22,190	43%
Northern California	19,245			37%			19,230	37%
Seattle Metro	10,341			20%			10,341	20%
Total	51,499			100%			51,761	100%

	Number of Apartment	Three Months Ended March 31,		Dollar		Percentage
Property Revenues ($ in thousands)	Homes	2023		2022		Change	Change
Same-Property Revenues:
Southern California	21,352		$163,265			$151,044		$12,221		8.1%
Northern California	18,371		155,592			146,168		9,424		6.4%
Seattle Metro	10,341		70,038			64,203		5,835		9.1%
Total Same-Property Revenues	50,064		388,895			361,415		27,480		7.6%
Non-Same Property Revenues		20,761			17,801		2,960		16.6%

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, 2023 and December 31, 2022, marketable securities consisted of the following ($ in thousands):”

Table 15 after “As of March 31, 2023 and December 31, 2022, marketable securities consisted of the following ($ in thousands):”

Table 16 after “($ in thousands):”

Table 17 after “($ in thousands):”

Table 18 after “The changes in the redemption value of redeemable noncontrolling interests for the three months ended March 31, 2023 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, 2023 and December 31, 2022 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, 2023 and December 31, 2022 ($ in thousands):”

Table 27 after “The following table presents the activity in the allowance for credit losses for notes receivable, secured ($ 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, 2023 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, 2023 and December 31, 2022 ($ 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 “The regional breakdown of the Company’s Same-Property portfolio for financial occupancy for the three months ended March 31, 2023 and 2022 i”

Table 36 after “Table of Contents”

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 “Table of Contents”

Table 40 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 41 after “The following table summarizes the Company's purchases of its common stock during the three months ended March 31, 2023.”

Table 42 after “Item 6: Exhibits”

	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		$2,985		$7,631	$(1,854)
Total cash flow hedges	$300,000		2026		$2,985		$7,631	$(1,854)

For the Years Ended	2023	2024		2025	2026	2027		Thereafter	Total	Fair value
($ in thousands, except for interest rates)
Fixed rate debt	$301,577		402,177		632,035		548,291		419,558		3,417,000	$5,720,638	$5,256,739
Average interest rate	3.4%		4.0%		3.5%		3.5%		3.8%		3.0%	3.2%
Variable rate debt (1)	$646		1,389		1,019		1,114		84,397		135,269	$223,834	$221,598
Average interest rate	3.9%		4.4%		3.9%		3.9%		3.6%		3.8%	3.8%

	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)
January 1, 2023 - January 31, 2023	63,700		$210.98		63,700	$384.9
February 1, 2023 - February 28, 2023	106,118		$233.86		106,118	$360.1
March 1, 2023 - March 31, 2023	267,208		$214.82		267,208	$302.7
Total	437,026		$218.88		437,026	$302.7

A. Exhibits
31.1*	Certification of Angela L. Kleiman, 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 Angela L. Kleiman, 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 Angela L. Kleiman, 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 Angela L. Kleiman, Principal Executive Officer of General Partner, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.**