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Screener / SEC EDGAR /CIK 0000920522 /10-K filed Feb 20, 2026, compared with Feb 21, 2025 /Numbers from the XBRL of the 10-Ks
Real estate peers:
REGCPTESSKIMMAAUDR
NYSE Real estate · REIT

Essex Property Trust ESS

ESS quote by TradingView

Essex Property Trust, Inc. (“Essex”), a Maryland corporation, is an S&P 500 company that operates as a self-administered and self-managed real estate investment trust (“REIT”). 10-K, Item 1

Employees
1,689
Headquarters
San Mateo, CA
CEO
Angela L. Kleiman
Next results
around Feb 3, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $1.9B through the costs to a net profit of $669.7M · income statement of the 10-K

48% operating margin
Revenue to Gross profit: $1.3BRevenue to Cost of revenue: $568.4MGross profit to Operating profit: $899.3MGross profit to Operating expenses: $419.7MOperating profit to Net profit: $669.7MOperating profit to Interest, tax, other: $229.7M Revenue: $1.9B REVENUE $1.9B +6% Y/Y Gross profit: $1.3B · 70% margin GROSS PROFIT $1.3B 70% margin · +6% Y/Y Cost of revenue: $568.4M · 30% of revenue COST OF REVENUE $568.4M 30% of revenue Operating profit: $899.3M · 48% margin OPERATING PROFIT $899.3M 48% margin · +28% Y/Y Operating expenses: $419.7M · 22% of revenue OPERATING EXPENSES $419.7M 22% of revenue Net profit: $669.7M · 35% margin NET PROFIT $669.7M 35% margin · −10% Y/Y Interest, tax, other: $229.7M · 12% of revenue INTEREST, TAX, OTHER $229.7M 12% of revenue
Gross profit $1.3B 70% margin · +6% Y/Y
Operating profit $899.3M 48% margin · +28% Y/Y
Net profit $669.7M 35% margin · −10% Y/Y
The full income statement, year by year

ESS among Real estate peers

Six ratios from the latest 10-K. Each corner is the share of 28 peers the company is above, not a score.

Compare
Revenue growth: 6.4%, above 57% of 28 peers (their median 5.1%) REVENUE GROWTH 6.4% · above 57% Gross margin: 70.1%, above 62% of 8 peers (their median 55.3%) GROSS MARGIN 70.1% · above 62% Operating margin: 32.5%, above 41% of 17 peers (their median 43.8%) OPERATING MARGIN 32.5% · above 41% Net margin: 21.5%, above 46% of 28 peers (their median 21.8%) NET MARGIN 21.5% · above 46%
ESS Peer median Below the median

What changed

3 new risk paragraphs. 10-K filed Feb 20, 2026 against Feb 21, 2025.

Risk factors
3 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
9 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

9 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 9 checks found nothing to note

  • Cash from operations $1.1B vs net income $702.8M (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: KPMG LLP
  • No statement of substantial doubt about going concern
6 more checks with nothing to note
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Evaluation of events or changes in circumstances that indicate rental properties may not be recoverable; F- 1
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

3 paragraphs in Risk Factors that were not in the 10-K filed Feb 21, 2025. Quoted as filed.

All 3 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 21, 2025 10-K, ITEM 1A
    Furthermore, we use artificial intelligence technologies in our business and there are significant information technology risks involved in maintaining and deploying these technologies. There can be no assurance that our investments in such technologies will always enhance our services or be beneficial to our business, including our…

New risk paragraphs, against peers

Latest 10-K of each, Real estate companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$1.6B$1.7B$1.8B$1.9B
Net income$408.3M$405.8M$741.5M$669.7M
Operating cash flow$975.6M$980.1M$1.1B$1.1B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$1.9B ▲ 6.4% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Essex Property Trust, San Mateo, CA · from the 10-K filed Feb 20, 2026

Essex Property Trust, Inc. (“Essex”), a Maryland corporation, is an S&P 500 company that operates as a self-administered and self-managed real estate investment trust (“REIT”). Essex owns all of its interest in its real estate and other investments directly or indirectly through Essex Portfolio, L.P. (the “Operating Partnership” or “EPLP”). Essex is the sole general partner of the Operating Partnership and as of December 31, 2025, had an approximately 96.6% general partner interest in the Operating Partnership.

Headquarters
San Mateo, CA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 27, 2026
Incorporated in
MD

Employees, at the top of the page: "As of December 31, 2025, the Company had 1,689 employees, 99" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Feb 20, 2026 (open at SEC), compared with the 10-K filed Feb 21, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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