← Filings of ESS
Tables in the 10-Q of ESSEX PROPERTY TRUST, INC.
51 tables with numbers, filed Oct 28, 2026. 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, 2026 and December 31, 2025 | 2 |
| Condensed Consolidated Statements of Income and Comprehensive Income for the three and nine months ended September 30, 2026 and 2025 | 3 |
| Condensed Consolidated Statements of Equity for the three and nine months ended September 30, 2026 and 2025 | 4 |
| Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2026 and 2025 | 8 |
| Condensed Consolidated Financial Statements of Essex Portfolio, L.P. (Unaudited) | |
| Condensed Consolidated Balance Sheets as of September 30, 2026 and December 31, 2025 | 10 |
First 8 of 24 rows. The CSV has all of them.
Table 2 after “(In thousands, except share amounts)”
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| September 30, 2026 | December 31, 2025 | |
| ASSETS | | | |
| Real estate investments: | | | |
| Rental properties: | | | |
| Land and land improvements | $3,355,893 | | $3,363,169 |
| Buildings and improvements | 15,146,101 | | 15,073,416 |
| 18,501,994 | | 18,436,585 |
| Less: accumulated depreciation | (6,931,353) | | (6,532,003) |
First 8 of 40 rows. The CSV has all of them.
Table 3 after “(In thousands, except share and per share amounts)”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Revenues: | | | | | | |
| Rental and other property | $490,346 | | $470,942 | | $1,459,520 | $1,400,641 |
| Management and other fees from affiliates | 2,344 | | 2,361 | | 6,975 | 7,078 |
| 492,690 | | 473,303 | | 1,466,495 | 1,407,719 |
| Expenses: | | | | | | |
| Property operating, excluding real estate taxes | 95,927 | | 91,413 | | 274,666 | 263,834 |
First 8 of 37 rows. The CSV has all of them.
Table 4 after “(In thousands, except per share amounts)”
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| 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, 2026 | | Shares | Amount | | | | | | | | |
| Balances at June 30, 2026 | | 64,268 | | $6 | | $6,626,545 | | $(1,312,602) | $9,124 | $162,443 | $5,485,516 |
| Net income | | — | | — | | — | | 98,069 | — | 5,666 | 103,735 |
| Reversal of unrealized gains upon the sale of marketable debt securities, net | | — | | — | | — | | — | (17) | — | (17) |
| Change in fair value of derivatives and amortization of swap settlements | | — | | — | | — | | — | 19,406 | 662 | 20,068 |
| Change in fair value of marketable debt securities, net | | — | | — | | — | | — | (1,087) | (38) | (1,125) |
| Issuance of common stock under: | | | | | | | | | | | |
First 8 of 16 rows. The CSV has all of them.
| Common Stock | Additional Paid-in Capital | Distributions in Excess of Accumulated Earnings | | Accumulated Other Comprehensive Income, net | Noncontrolling Interest | Total | | | | |
| Nine Months Ended September 30, 2026 | | Shares | Amount | | | | | | | | |
| Balances at December 31, 2025 | | 64,442 | | $6 | | $6,683,514 | | $(1,148,195) | $6,047 | $167,260 | $5,708,632 |
| Net income | | — | | — | | — | | 266,717 | — | 16,155 | 282,872 |
| Reversal of unrealized gains upon the sale of marketable debt securities, net | | — | | — | | — | | — | (43) | — | (43) |
| Change in fair value of derivatives and amortization of swap settlements | | — | | — | | — | | — | 22,791 | 778 | 23,569 |
| Change in fair value of marketable debt securities, net | | — | | — | | — | | — | (1,369) | (49) | (1,418) |
| Issuance of common stock under: | | | | | | | | | | | |
First 8 of 18 rows. The CSV has all of them.
| 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, 2025 | | Shares | Amount | | | | | | | | |
| Balances at June 30, 2025 | | 64,404 | | $6 | | $6,685,714 | | $(1,062,146) | $11,675 | $170,665 | $5,805,914 |
| Net income | | — | | — | | — | | 164,621 | — | 8,103 | 172,724 |
| Reversal of unrealized gains upon the sale of marketable debt securities, net | | — | | — | | — | | — | (16) | (1) | (17) |
| Change in fair value of derivatives and amortization of swap settlements | | — | | — | | — | | — | (3,913) | (137) | (4,050) |
| Change in fair value of marketable debt securities, net | | — | | — | | — | | — | 110 | 4 | 114 |
| Issuance of common stock under: | | | | | | | | | | | |
First 8 of 16 rows. The CSV has all of them.
| Common Stock | Additional Paid-in Capital | Distributions in Excess of Accumulated Earnings | | Accumulated Other Comprehensive Income, net | Noncontrolling Interest | Total | | | | |
| Nine Months Ended September 30, 2025 | | Shares | Amount | | | | | | | | |
| Balances at December 31, 2024 | | 64,280 | | $6 | | $6,668,047 | | $(1,155,662) | $24,655 | $183,344 | $5,720,390 |
| Net income | | — | | — | | — | | 589,093 | — | 27,935 | 617,028 |
| Reversal of unrealized gains upon the sale of marketable debt securities, net | | — | | — | | — | | — | (16) | (1) | (17) |
| Change in fair value of derivatives and amortization of swap settlements | | — | | — | | — | | — | (16,977) | (594) | (17,571) |
| Change in fair value of marketable debt securities, net | | — | | — | | — | | — | 194 | 7 | 201 |
| Issuance of common stock under: | | | | | | | | | | | |
First 8 of 16 rows. The CSV has all of them.
| Nine Months Ended September 30, | | |
| 2026 | 2025 | |
| Cash flows from operating activities: | | | |
| Net income | $282,872 | | $617,028 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | |
| Straight-lined rents | 573 | | 3,089 |
| Depreciation and amortization | 461,520 | | 454,277 |
| Amortization of discount and debt financing costs, net | 7,716 | | 4,609 |
First 8 of 46 rows. The CSV has all of them.
| Nine Months Ended September 30, | | |
| 2026 | 2025 | |
| Additions to deferred charges | (2,722) | | (9,160) |
| Payments related to debt prepayment penalties | — | | (697) |
| Net proceeds (costs) from issuance of common stock | 16,215 | | (280) |
| Net proceeds from stock options exercised | 5,232 | | 8,930 |
| Payments related to tax withholding for share-based compensation | (805) | | (560) |
| Distributions to noncontrolling interest | (24,031) | | (24,402) |
First 8 of 23 rows. The CSV has all of them.
Table 10 after “(In thousands, except unit amounts)”
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| September 30, 2026 | December 31, 2025 | |
| ASSETS | | | |
| Real estate investments: | | | |
| Rental properties: | | | |
| Land and land improvements | $3,355,893 | | $3,363,169 |
| Buildings and improvements | 15,146,101 | | 15,073,416 |
| 18,501,994 | | 18,436,585 |
| Less: accumulated depreciation | (6,931,353) | | (6,532,003) |
First 8 of 42 rows. The CSV has all of them.
Table 11 after “(In thousands, except unit and per unit amounts)”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Revenues: | | | | | | |
| Rental and other property | $490,346 | | $470,942 | | $1,459,520 | $1,400,641 |
| Management and other fees from affiliates | 2,344 | | 2,361 | | 6,975 | 7,078 |
| 492,690 | | 473,303 | | 1,466,495 | 1,407,719 |
| Expenses: | | | | | | |
| Property operating, excluding real estate taxes | 95,927 | | 91,413 | | 274,666 | 263,834 |
First 8 of 37 rows. The CSV has all of them.
Table 12 after “(In thousands, except per unit amounts)”
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| General Partner | | | Limited Partners | | Accumulated Other Comprehensive Income, net | | Noncontrolling Interest | Total | | | | |
| Common Equity | | | Common Equity | | | | | | | | | |
| Three Months Ended September 30, 2026 | Units | Amount | | | Units | | Amount | | | | | | |
| Balances at June 30, 2026 | 64,268 | | $5,313,949 | | | | | 2,184 | | $56,998 | $13,320 | $101,249 | $5,485,516 |
| Net income | — | | 98,069 | | | | | — | | 3,330 | — | 2,336 | 103,735 |
| Reversal of unrealized gains upon the sale of marketable debt securities, net | — | | — | | | | | — | | — | (17) | — | (17) |
| Change in fair value of derivatives and amortization of swap settlements | — | | — | | | | | — | | — | 20,068 | — | 20,068 |
| Change in fair value of marketable debt securities, net | — | | — | | | | | — | | — | (1,125) | — | (1,125) |
First 8 of 17 rows. The CSV has all of them.
| General Partner | | | Limited Partners | Accumulated Other Comprehensive Income, net | Noncontrolling Interest | Total | | | | |
| Common Equity | | | Common Equity | | | | | | | |
| Nine Months Ended September 30, 2026 | Units | Amount | | | Units | Amount | | | | | |
| Balances at December 31, 2025 | 64,442 | | $5,535,325 | | | 2,250 | | $61,876 | $10,138 | $101,293 | $5,708,632 |
| Net income | — | | 266,717 | | | — | | 9,122 | — | 7,033 | 282,872 |
| Reversal of unrealized gains upon the sale of marketable debt securities, net | — | | — | | | — | | — | (43) | — | (43) |
| Change in fair value of derivatives and amortization of swap settlements | — | | — | | | — | | — | 23,569 | — | 23,569 |
| Change in fair value of marketable debt securities, net | — | | — | | | — | | — | (1,418) | — | (1,418) |
First 8 of 19 rows. The CSV has all of them.
| General Partner | | | Limited Partners | | Accumulated Other Comprehensive Income, net | | Noncontrolling Interest | Total | | | | |
| Common Equity | | | Common Equity | | | | | | | | | |
| Three Months Ended September 30, 2025 | Units | Amount | | | Units | | Amount | | | | | | |
| Balances at June 30, 2025 | 64,404 | | $5,623,574 | | | | | 2,256 | | $64,809 | $15,995 | $101,536 | $5,805,914 |
| Net income | — | | 164,621 | | | | | — | | 5,767 | — | 2,336 | 172,724 |
| Reversal of unrealized gains upon the sale of marketable debt securities, net | — | | — | | | | | — | | — | (17) | — | (17) |
| Change in fair value of derivatives and amortization of swap settlements | — | | — | | | | | — | | — | (4,050) | — | (4,050) |
| Change in fair value of marketable debt securities, net | — | | — | | | | | — | | — | 114 | — | 114 |
First 8 of 17 rows. The CSV has all of them.
| General Partner | | | Limited Partners | Accumulated Other Comprehensive Income, net | Noncontrolling Interest | Total | | | | |
| Common Equity | | | Common Equity | | | | | | | |
| Nine Months Ended September 30, 2025 | Units | Amount | | | Units | Amount | | | | | |
| Balances at December 31, 2024 | 64,280 | | $5,512,391 | | | 2,331 | | $73,418 | $29,429 | $105,152 | $5,720,390 |
| Net income | — | | 589,093 | | | — | | 20,827 | — | 7,108 | 617,028 |
| Reversal of unrealized gains upon the sale of marketable debt securities, net | — | | — | | | — | | — | (17) | — | (17) |
| Change in fair value of derivatives and amortization of swap settlements | — | | — | | | — | | — | (17,571) | — | (17,571) |
| Change in fair value of marketable debt securities, net | — | | — | | | — | | — | 201 | — | 201 |
First 8 of 17 rows. The CSV has all of them.
| Nine Months Ended September 30, | | |
| 2026 | 2025 | |
| Cash flows from operating activities: | | | |
| Net income | $282,872 | | $617,028 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | |
| Straight-lined rents | 573 | | 3,089 |
| Depreciation and amortization | 461,520 | | 454,277 |
| Amortization of discount and debt financing costs, net | 7,716 | | 4,609 |
First 8 of 47 rows. The CSV has all of them.
| Nine Months Ended September 30, | | |
| 2026 | 2025 | |
| Payments related to debt prepayment penalties | — | | (697) |
| Net proceeds (costs) from issuance of common units | 16,215 | | (280) |
| Net proceeds from stock options exercised | 5,232 | | 8,930 |
| Payments related to tax withholding for share-based compensation | (805) | | (560) |
| Distributions to noncontrolling interest | (6,933) | | (7,157) |
| Redemption of noncontrolling interests | (1,592) | | (13,475) |
First 8 of 22 rows. The CSV has all of them.
Table 18 after “As of September 30, 2026 and December 31, 2025, marketable securities consisted of the following ($ in thousands):”
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| September 30, 2026 | | | | |
| Amortized Cost | Gross Unrealized Gain (Loss) | | Carrying Value | |
| Equity securities: | | | | | |
| Common stock, preferred stock, and stock funds | $48,373 | | $22,543 | | $70,916 |
| Available for sale debt securities: | | | | | |
| U.S. Treasury and agency securities | 13,788 | | (740) | | 13,048 |
| Certificates of deposit | 6,235 | | — | | 6,235 |
| Corporate debt securities | 12,504 | | (491) | | 12,013 |
First 8 of 10 rows. The CSV has all of them.
Table 19 after “As of September 30, 2026 and December 31, 2025, marketable securities consisted of the following ($ in thousands):”
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| December 31, 2025 | | | | |
| Amortized Cost | Gross Unrealized Gain | | Carrying Value | |
| Equity securities: | | | | | |
| Investment funds - debt securities | $2,677 | | $6 | | $2,683 |
| Common stock, preferred stock, and stock funds | 48,738 | | 21,736 | | 70,474 |
| Available for sale debt securities: | | | | | |
| U.S. Treasury and agency securities | 10,186 | | 103 | | 10,289 |
| Certificates of deposit | 5,000 | | — | | 5,000 |
First 8 of 11 rows. The CSV has all of them.
| Change in Fair Value of Derivatives and Amortization of Swap Settlements | Unrealized Gain (Loss) on Available for Sale Debt Securities | | Total | |
| Balance at December 31, 2025 | $5,837 | | $210 | | $6,047 |
| Other comprehensive income (loss) before reclassification | 20,808 | | (1,369) | | 19,439 |
| Amounts reclassified from accumulated other comprehensive income | 1,983 | | (43) | | 1,940 |
| Other comprehensive income (loss) | 22,791 | | (1,412) | | 21,379 |
| Balance at September 30, 2026 | $28,628 | | $(1,202) | | $27,426 |
| Change in Fair Value of Derivatives and Amortization of Swap Settlements | Unrealized Gain (Loss) on Available for Sale Debt Securities | | Total | |
| Balance at December 31, 2025 | $9,921 | | $217 | | $10,138 |
| Other comprehensive income (loss) before reclassification | 21,517 | | (1,418) | | 20,099 |
| Amounts reclassified from accumulated other comprehensive income | 2,052 | | (43) | | 2,009 |
| Other comprehensive income (loss) | 23,569 | | (1,461) | | 22,108 |
| Balance at September 30, 2026 | $33,490 | | $(1,244) | | $32,246 |
Table 22 after “The changes in the redemption value of redeemable noncontrolling interests for the nine months ended September 30, 2026 was as follows ($ in”
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| Balance at December 31, 2025 | $28,263 |
| Reclassification due to change in redemption value and other | 2,179 |
| Redemptions | (4,373) |
| Balance at September 30, 2026 | $26,069 |
Table 23 after “The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated bala”
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| September 30, 2026 | December 31, 2025 | | September 30, 2025 | December 31, 2024 | |
| Cash and cash equivalents - unrestricted | $72,059 | | $76,241 | | $65,959 | $66,795 |
| Cash and cash equivalents - restricted | 8,239 | | 9,345 | | 9,284 | 9,051 |
| Total unrestricted and restricted cash and cash equivalents shown in the condensed consolidated statements of cash flows | $80,298 | | $85,586 | | $75,243 | $75,846 |
Table 24 after “The table below summarizes disposition activity for the nine months ended September 30, 2026 ($ in millions):”
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| Property Name | Location | Date | Apartment Homes | Sale Price at Pro Rata Share | |
| Collins on Pine | WA | Aug-26 | 76 | $30.0 | (1) |
| Marina City Club | CA | Aug-26 | 101 | 11.0 | (2) |
| Total dispositions | | 177 | $41.0 | | |
Table 25 after “The following table presents the Company’s revenues disaggregated by revenue source for the periods presented ($ in thousands):”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Rental income | $482,770 | | $463,892 | | $1,438,000 | $1,380,438 |
| Other property | 7,576 | | 7,050 | | 21,520 | 20,203 |
| Management and other fees from affiliates | 2,344 | | 2,361 | | 6,975 | 7,078 |
| Total revenues | $492,690 | | $473,303 | | $1,466,495 | $1,407,719 |
Table 26 after “The following table presents the Company’s rental and other property revenues disaggregated by geographic operating segment for the periods ”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Southern California | $195,141 | | $189,262 | | $583,177 | $564,861 |
| Northern California | 208,638 | | 193,208 | | 615,344 | 563,915 |
| Seattle Metro | 79,711 | | 78,683 | | 237,249 | 233,083 |
| Other real estate assets (1) | 6,856 | | 9,789 | | 23,750 | 38,782 |
| Total rental and other property revenues | $490,346 | | $470,942 | | $1,459,520 | $1,400,641 |
Table 27 after “The following table presents the Company’s rental and other property revenues disaggregated by current property category status for the peri”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Same-property (1) | $449,896 | | $436,733 | | $1,337,388 | $1,300,001 |
| Acquisitions (2) | 22,295 | | 13,398 | | 64,551 | 29,067 |
| Non-residential/other, net (3) | 18,272 | | 20,496 | | 58,016 | 71,479 |
| Straight-line rent concessions (4) | (117) | | 315 | | (435) | 94 |
| Total rental and other property revenues | $490,346 | | $470,942 | | $1,459,520 | $1,400,641 |
Table 28 after “The carrying values of the Company’s co-investments as of September 30, 2026 and December 31, 2025 were as follows ($ in thousands, except i”
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| Weighted Average Company Ownership Percentage (1) | September 30, 2026 | December 31, 2025 | |
| Ownership interest in: | | | | |
| Wesco I, Wesco III, Wesco IV, Wesco V, and Wesco VI (2) | 55% | $62,358 | | $73,002 |
| BEX IV and 500 Folsom | 50% | 130,262 | | 135,518 |
| Other (2) | 50% | 113,125 | | 95,851 |
| Total operating and other co-investments, net | | 305,745 | | 304,371 |
| Total preferred equity co-investments (3) (includes related party investments of $31.2 million and $52.8 million as of September 30, 2026 and December 31, 2025, respectively. See Note 6, Related Party Transactions, for further discussion) | | 198,272 | | 227,342 |
| Total co-investments, net | | $504,017 | | $531,713 |
Table 29 after “The combined summarized financial information of co-investments was as follows ($ in thousands):”
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| September 30, 2026 | December 31, 2025 | |
| Combined balance sheets: (1) | | | |
| Rental properties and real estate under development | $3,158,933 | | $3,220,390 |
| Other assets | 164,297 | | 194,413 |
| Total assets | $3,323,230 | | $3,414,803 |
| Debt | $2,140,215 | | $2,412,106 |
| Other liabilities | 180,789 | | 163,358 |
| Equity | 1,002,226 | | 839,339 |
First 8 of 9 rows. The CSV has all of them.
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Combined statements of income: (1) | | | | | | |
| Property revenues | $98,289 | | $84,580 | | $247,864 | $255,455 |
| Property operating expenses | (42,540) | | (32,008) | | (98,290) | (95,864) |
| Net operating income | 55,749 | | 52,572 | | 149,574 | 159,591 |
| Gain on sale of real estate | 37,913 | | 10,378 | | 56,840 | 10,378 |
| Interest expense | (31,677) | | (26,565) | | (71,855) | (82,003) |
First 8 of 12 rows. The CSV has all of them.
Table 31 after “Notes and other receivables consisted of the following as of September 30, 2026 and December 31, 2025 ($ in thousands):”
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| September 30, 2026 | December 31, 2025 | |
| Note receivable, secured, bearing interest at 9.00%, due October 2026 (Originated October 2021) | $64,193 | | $64,193 |
| Note receivable, secured, bearing interest at 11.25%, due October 2027 (Originated October 2022) | — | | 43,941 |
| Other receivables from affiliates (1) (2) | 5,071 | | 5,215 |
| Straight-line rent receivables (3) | 9,651 | | 10,259 |
| Other receivables | 15,482 | | 18,538 |
| Allowance for credit losses | (333) | | (555) |
| Total notes and other receivables | $94,064 | | $141,591 |
Table 32 after “The activity in the allowance for credit losses for notes receivable, secured, for the periods presented was as follows ($ in thousands):”
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| Three Months Ended September 30, | | | | | | | | | |
| 2026 | 2025 | | | | | | | | |
| Mezzanine Loans | Bridge Loans | | Total | Mezzanine Loans | Bridge Loans | | Total | | |
| Balance at beginning of period | $333 | | $— | | $333 | | $540 | | $— | $540 |
| Provision for credit losses | — | | — | | — | | 9 | | 41 | 50 |
| Balance at end of period | $333 | | $— | | $333 | | $549 | | $41 | $590 |
| Nine Months Ended September 30, | | | | | | | | | |
| 2026 | 2025 | | | | | | | | |
First 8 of 12 rows. The CSV has all of them.
Table 33 after “Debt consisted of the following for the periods presented ($ in thousands):”
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| September 30, 2026 | Weighted Average Interest Rate | December 31, 2025 | Weighted Average Interest Rate | Weighted AverageMaturityIn Years as of September 30, 2026 |
| Term loan, net (1) | $871,532 | 4.3% | $596,668 | 4.1% | 3.7 |
| Bonds public offering - fixed rate, net | 4,973,138 | 3.7% | 5,419,253 | 3.7% | 6.9 |
| Unsecured debt, net (2) | 5,844,670 | | 6,015,921 | | |
| Lines of credit (3) | — | 4.6% | — | 4.8% | N/A |
| Commercial paper (4) | — | N/A | — | N/A | N/A |
| Mortgage notes payable, net (5) | 761,144 | 4.3% | 784,348 | 4.4% | 7.6 |
| Total debt, net | $6,605,814 | | $6,800,269 | | |
Table 34 after “The aggregate scheduled principal payments of the Company’s outstanding debt, excluding lines of credit and commercial paper, as of Septembe”
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| 2026 | $46,092 |
| 2027 | 434,397 |
| 2028 | 518,332 |
| 2029 | 776,456 |
| 2030 | 916,592 |
| Thereafter | 3,946,889 |
| Total | $6,638,758 |
Table 35 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”
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| Three Months Ended September 30, | | | | | | | | | | |
| 2026 | 2025 | | | | | | | | | |
| Rental and Other Property Revenue | Property Operating Expenses, Including Real Estate Taxes | | Net Operating Income | Rental and Other Property Revenue | Property Operating Expenses, Including Real Estate Taxes | | Net Operating Income | | | |
| Southern California | $195,141 | | $60,254 | | $134,887 | | $189,262 | | | $57,019 | $132,243 |
| Northern California | 208,638 | | 64,038 | | 144,600 | | 193,208 | | | 61,158 | 132,050 |
| Seattle Metro | 79,711 | | 24,372 | | 55,339 | | 78,683 | | | 23,141 | 55,542 |
| Other real estate assets | 6,856 | | 832 | | 6,024 | | 9,789 | | | 2,118 | 7,671 |
| Total | $490,346 | | $149,496 | | $340,850 | | $470,942 | | | $143,436 | $327,506 |
First 8 of 22 rows. The CSV has all of them.
| Nine Months Ended September 30, | | | | | | | | | | |
| 2026 | 2025 | | | | | | | | | |
| Rental and Other Property Revenue | Property Operating Expenses, Including Real Estate Taxes | | Net Operating Income | Rental and Other Property Revenue | Property Operating Expenses, Including Real Estate Taxes | | Net Operating Income | | | |
| Southern California | $583,177 | | $173,919 | | $409,258 | | $564,861 | | | $164,971 | $399,890 |
| Northern California | 615,344 | | 183,897 | | 431,447 | | 563,915 | | | 175,499 | 388,416 |
| Seattle Metro | 237,249 | | 70,430 | | 166,819 | | 233,083 | | | 67,151 | 165,932 |
| Other real estate assets | 23,750 | | 3,528 | | 20,222 | | 38,782 | | | 9,865 | 28,917 |
| Total | $1,459,520 | | $431,774 | | $1,027,746 | | $1,400,641 | | | $417,486 | $983,155 |
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Table 37 after “Total assets for each of the reportable operating segments are summarized as follows as of September 30, 2026 and December 31, 2025 ($ in th”
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| September 30, 2026 | December 31, 2025 | |
| Assets: | | | |
| Southern California | $4,048,757 | | $4,176,549 |
| Northern California | 5,981,917 | | 6,136,977 |
| Seattle Metro | 1,356,710 | | 1,392,105 |
| Other real estate assets (1) | 183,257 | | 198,951 |
| Net reportable operating segments - real estate assets | 11,570,641 | | 11,904,582 |
| Real estate under development | 210,654 | | 157,122 |
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Table 38 after “Basic and diluted income per share was calculated as follows ($ in thousands, except per share amounts):”
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| Three Months Ended September 30, | | | | | | | | | | |
| 2026 | 2025 | | | | | | | | | |
| 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 | $98,069 | | 64,290,878 | | $1.53 | | $164,621 | | | 64,404,008 | $2.56 |
| Effect of Dilutive Securities: | | | | | | | | | | | |
| Stock options | — | | 21,115 | | | — | | | 14,232 | | |
| Diluted: | | | | | | | | | | | |
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| Nine Months Ended September 30, | | | | | | | | | | |
| 2026 | 2025 | | | | | | | | | |
| 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 | $266,717 | | 64,336,608 | | $4.15 | | $589,093 | | | 64,368,625 | $9.15 |
| Effect of Dilutive Securities: | | | | | | | | | | | |
| Stock options | — | | 13,667 | | | — | | | 23,619 | | |
| Diluted: | | | | | | | | | | | |
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Table 40 after “Basic and diluted income per unit was calculated as follows ($ in thousands, except per unit amounts):”
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| Three Months Ended September 30, | | | | | | | | | | |
| 2026 | 2025 | | | | | | | | | |
| Income | Weighted- average Common Units | | Per Common Unit Amount | Income | Weighted- average Common Units | | Per Common Unit Amount | | | |
| Basic: | | | | | | | | | | | |
| Net income available to common unitholders | $101,399 | | 66,474,822 | | $1.53 | | $170,388 | | | 66,660,423 | $2.56 |
| Effect of Dilutive Securities: | | | | | | | | | | | |
| Stock options | — | | 21,115 | | | — | | | 14,232 | | |
| Diluted: | | | | | | | | | | | |
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| Nine Months Ended September 30, | | | | | | | | | | |
| 2026 | 2025 | | | | | | | | | |
| Income | Weighted- average Common Units | | Per Common Unit Amount | Income | Weighted- average Common Units | | Per Common Unit Amount | | | |
| Basic: | | | | | | | | | | | |
| Net income available to common unitholders | $275,839 | | 66,534,750 | | $4.15 | | $609,920 | | | 66,643,952 | $9.15 |
| Effect of Dilutive Securities: | | | | | | | | | | | |
| Stock options | — | | 13,667 | | | — | | | 23,619 | | |
| Diluted: | | | | | | | | | | | |
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Table 42 after “The Company’s consolidated operating communities were as follows:”
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| September 30, 2026 | | September 30, 2025 | | | | | |
| Apartment Homes | % | | | Apartment Homes | % | | |
| Southern California | 23,515 | | | 42% | | | 23,222 | 42% |
| Northern California | 21,101 | | | 38% | | | 20,847 | 38% |
| Seattle Metro | 10,823 | | | 20% | | | 10,899 | 20% |
| Total | 55,439 | | | 100% | | | 54,968 | 100% |
Table 43 after “The regional breakdown of the Company’s 2026 Same-Property portfolio for financial occupancy for the three months ended September 30, 2026 a”
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| Three Months Ended September 30, | | |
| 2026 | 2025 | |
| Southern California | 96.1% | | 95.8% |
| Northern California | 96.5% | | 96.3% |
| Seattle Metro | 96.1% | | 96.1% |
Table 44 after “The following table provides a breakdown of rental and other property revenues, including the revenues attributable to the 2026 Same-Propert”
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| Number of Apartment Homes | | Three Months Ended September 30, | | Dollar Change | | Percentage Change | | | | |
| | 2026 | | 2025 | | | | | | | |
| 2026 Same-Property: | | | | | | | | | | | |
| Southern California | 22,389 | | | $185,521 | | | $182,838 | | $2,683 | | 1.5% |
| Northern California | 18,847 | | | 184,665 | | | 175,212 | | 9,453 | | 5.4% |
| Seattle Metro | 10,823 | | | 79,710 | | | 78,683 | | 1,027 | | 1.3% |
| Total 2026 Same-Property | 52,059 | | | 449,896 | | | 436,733 | | 13,163 | | 3.0% |
| 2026 Non-Same-Property: | | | 40,450 | | | 34,209 | | 6,241 | | 18.2% | |
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Table 45 after “The regional breakdown of the Company’s Same-Property portfolio for financial occupancy for the nine months ended September 30, 2026 and 202”
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| Nine Months Ended September 30, | | |
| 2026 | 2025 | |
| Southern California | 96.0% | | 95.7% |
| Northern California | 96.7% | | 96.5% |
| Seattle Metro | 96.3% | | 96.2% |
| Number of Apartment Homes | | Nine Months Ended September 30, | | Dollar Change | | Percentage Change | | | | |
| | 2026 | | 2025 | | | | | | | |
| 2026 Same-Property: | | | | | | | | | | | |
| Southern California | 22,389 | | | $555,311 | | | $545,877 | | $9,434 | | 1.7% |
| Northern California | 18,847 | | | 544,829 | | | 521,041 | | 23,788 | | 4.6% |
| Seattle Metro | 10,823 | | | 237,248 | | | 233,083 | | 4,165 | | 1.8% |
| Total 2026 Same-Property | 52,059 | | | 1,337,388 | | | 1,300,001 | | 37,387 | | 2.9% |
| 2026 Non-Same-Property: | | | 122,132 | | | 100,640 | | 21,492 | | 21.4% | |
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Table 47 after “The table below is a reconciliation of net income available to common stockholders to FFO and Core FFO for the periods presented ($ in thous”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Net income available to common stockholders | $98,069 | | $164,621 | | $266,717 | $589,093 |
| Adjustments: | | | | | | |
| Depreciation and amortization | 152,552 | | 151,489 | | 461,520 | 454,277 |
| Gains not included in FFO | (12,539) | | (67,509) | | (23,770) | (305,043) |
| Impairment loss | 10,709 | | — | | 10,709 | — |
| Depreciation and amortization from unconsolidated co-investments | 12,611 | | 14,343 | | 39,094 | 43,127 |
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Earnings from operations | $156,760 | | $210,399 | | $421,326 | $747,180 |
| Adjustments: | | | | | | |
| Corporate-level property management expenses | 13,393 | | 12,216 | | 40,223 | 36,768 |
| Depreciation and amortization | 152,552 | | 151,489 | | 461,520 | 454,277 |
| Management and other fees from affiliates | (2,344) | | (2,361) | | (6,975) | (7,078) |
| General and administrative | 16,561 | | 18,058 | | 109,724 | 51,507 |
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Table 49 after “The Company’s objective in using derivatives is to add stability to interest expense and to manage its exposure to interest rate movements o”
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| Notional Amount | Maturity Date | | Carrying and Estimated Fair Value | | Estimated Carrying Value | | |
| | | +50 | | -50 | | | |
| | | Basis Points | | Basis Points | | | |
| Cash flow hedges: | | | | | | | | |
| Interest rate swaps | $630,000 | | 2026-2031 | | $14,963 | | $20,270 | $9,757 |
| Forward starting interest rate swap | 300,000 | | 2031 | | 11,521 | | 17,025 | 6,077 |
| Total cash flow hedges | $930,000 | | 2026-2031 | | $26,484 | | $37,295 | $15,834 |
Table 50 after “The Company’s interest rate risk is monitored using a variety of techniques. The table below presents the principal amounts and weighted ave”
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| Year Ended December 31, | | | | | | | | | | | |
| 2026 | 2027 | | 2028 | 2029 | 2030 | | Thereafter | Total | Fair value | | |
| Fixed rate debt | $45,804 | $350,000 | | $517,000 | $500,000 | $915,000 | | $3,778,000 | $6,105,804 | $5,698,494 | | |
| Average interest rate | 4.0% | | 3.8% | | 2.2% | | 4.1% | | 3.6% | | 4.0% | 3.8% |
| Variable rate debt (1) | $288 | $84,397 | | $1,332 | $276,456 | $1,592 | | $168,889 | $532,954 | $528,999 | | |
| Average interest rate | 3.3% | | 3.1% | | 3.3% | | 4.6% | | 3.3% | | 3.3% | 3.9% |
| A. Exhibits | |
| 10.1* | Term Loan Agreement, dated as of September 24, 2026, among Essex Portfolio, L.P., Bank of America N.A., as Administrative Agent and Lender and the other lenders party thereto.† |
| 10.2* | Amended and Restated Essex Property Trust Inc. Executive Severance Plan.# |
| 31.1* | Essex Property Trust, Inc. — Certification of Angela L. Kleiman, Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 31.2* | Essex Property Trust, Inc. — Certification of Barbara Pak, Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 31.3* | Essex Portfolio, L.P. — Certification of Angela L. Kleiman, Principal Executive Officer of General Partner, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 31.4* | Essex Portfolio, L.P. — Certification of Barbara Pak, Principal Financial Officer of General Partner, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 32.1* | Essex Property Trust, Inc. — Certification of Angela L. Kleiman, Chief Executive Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.** |
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