ESSEX PROPERTY TRUST, INC. Files 2023 Annual Report on Form 10-K

Ticker: ESS · Form: 10-K · Filed: 2024-02-23T00:00:00.000Z

Sentiment: neutral

Topics: 10-K, Essex Property Trust, REIT, Annual Report, Real Estate

TL;DR

<b>ESSEX PROPERTY TRUST, INC. has filed its 2023 annual report (10-K) detailing its financial performance and operations for the fiscal year ending December 31, 2023.</b>

AI Summary

ESSEX PROPERTY TRUST, INC. (ESS) filed a Annual Report (10-K) with the SEC on February 23, 2024. ESSEX PROPERTY TRUST, INC. filed its 2023 Form 10-K on February 23, 2024, reporting on the fiscal year ending December 31, 2023. The filing includes financial data for the fiscal years 2023, 2022, and 2021. The company's principal business address is 1100 Park Place, Suite 200, San Mateo, CA 94403. ESSEX PROPERTY TRUST, INC. is incorporated in Maryland. The Standard Industrial Classification code for the company is Real Estate Investment Trusts [6798].

Why It Matters

For investors and stakeholders tracking ESSEX PROPERTY TRUST, INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Essex Property Trust's financial health and operational activities for the past fiscal year, crucial for investors assessing the company's performance and future prospects. As a Real Estate Investment Trust (REIT), the details within this filing are vital for understanding its portfolio, market position, and any potential risks or opportunities within the real estate sector.

Risk Assessment

Risk Level: medium — ESSEX PROPERTY TRUST, INC. shows moderate risk based on this filing. The company operates within the real estate investment trusts sector, which is subject to market fluctuations, interest rate changes, and regulatory environments, as indicated by its SIC code and the nature of its business.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to assess the company's performance and outlook in the current real estate market.

Key Numbers

20231231 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
20240223 — Filed As Of Date (FILED AS OF DATE)
0000920522 — Central Index Key (CENTRAL INDEX KEY)
6798 — Standard Industrial Classification (STANDARD INDUSTRIAL CLASSIFICATION)

Key Players & Entities

ESSEX PROPERTY TRUST, INC. (company) — COMPANY CONFORMED NAME
ESSEX PORTFOLIO LP (company) — FORMER COMPANY
San Mateo (location) — CITY
CA (location) — STATE
MD (location) — STATE OF INCORPORATION
Palo Alto (location) — CITY

FAQ

When did ESSEX PROPERTY TRUST, INC. file this 10-K?

ESSEX PROPERTY TRUST, INC. filed this Annual Report (10-K) with the SEC on February 23, 2024.

What is a 10-K filing?

A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by ESSEX PROPERTY TRUST, INC. (ESS).

Where can I read the original 10-K filing from ESSEX PROPERTY TRUST, INC.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by ESSEX PROPERTY TRUST, INC..

What are the key takeaways from ESSEX PROPERTY TRUST, INC.'s 10-K?

ESSEX PROPERTY TRUST, INC. filed this 10-K on February 23, 2024. Key takeaways: ESSEX PROPERTY TRUST, INC. filed its 2023 Form 10-K on February 23, 2024, reporting on the fiscal year ending December 31, 2023.. The filing includes financial data for the fiscal years 2023, 2022, and 2021.. The company's principal business address is 1100 Park Place, Suite 200, San Mateo, CA 94403..

Is ESSEX PROPERTY TRUST, INC. a risky investment based on this filing?

Based on this 10-K, ESSEX PROPERTY TRUST, INC. presents a moderate-risk profile. The company operates within the real estate investment trusts sector, which is subject to market fluctuations, interest rate changes, and regulatory environments, as indicated by its SIC code and the nature of its business.

What should investors do after reading ESSEX PROPERTY TRUST, INC.'s 10-K?

Investors should review the detailed financial statements and risk factors in the 10-K to assess the company's performance and outlook in the current real estate market. The overall sentiment from this filing is neutral.

Key Dates

2023-12-31: Fiscal Year End — Reporting period for the 2023 10-K filing.
2024-02-23: Filing Date — Date the 10-K was officially filed with the SEC.

Glossary

10-K: An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This filing provides the official annual financial overview for Essex Property Trust, Inc.)
REIT: Real Estate Investment Trust. A company that owns, operates, or finances income-generating real estate. (Essex Property Trust, Inc. operates as a REIT, making this classification central to understanding its business model and reporting.)

From the Filing

0000920522-24-000033.txt : 20240223 0000920522-24-000033.hdr.sgml : 20240223 20240223160520 ACCESSION NUMBER: 0000920522-24-000033 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 122 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240223 DATE AS OF CHANGE: 20240223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ESSEX PROPERTY TRUST, INC. CENTRAL INDEX KEY: 0000920522 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 770369576 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13106 FILM NUMBER: 24671111 BUSINESS ADDRESS: STREET 1: 1100 PARK PLACE STREET 2: SUITE 200 CITY: SAN MATEO STATE: CA ZIP: 94403 BUSINESS PHONE: 6506557800 MAIL ADDRESS: STREET 1: 1100 PARK PLACE STREET 2: SUITE 200 CITY: SAN MATEO STATE: CA ZIP: 94403 FORMER COMPANY: FORMER CONFORMED NAME: ESSEX PORTFOLIO LP DATE OF NAME CHANGE: 20181211 FORMER COMPANY: FORMER CONFORMED NAME: ESSEX PROPERTY TRUST INC DATE OF NAME CHANGE: 19940318 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ESSEX PORTFOLIO LP CENTRAL INDEX KEY: 0001053059 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 770369575 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-44467-01 FILM NUMBER: 24671112 BUSINESS ADDRESS: STREET 1: 777 CALIFORNIA AVE CITY: PALO ALTO STATE: CA ZIP: 94304 BUSINESS PHONE: 4154943700 MAIL ADDRESS: STREET 1: 777 CALIFORNIA AVENUE CITY: PALO ALTO STATE: CA ZIP: 94304 10-K 1 ess-20231231.htm 10-K ess-20231231 0000920522 2023 FY false 1 2 P5Y P4Y 3 30 3 30 3 30 3 30 3 30 5 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 5 30 3 30 5 30 3 30 3 30 3 30 3 30 5 30 3 30 3 30 3 30 5 30 5 30 3 30 3 30 5 30 3 30 5 30 3 30 3 30 3 30 5 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 5 30 3 30 3 30 3 30 3 30 3 30 5 30 5 30 5 30 3 30 5 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 5 30 3 30 3 30 5 30 5 30 3 30 3 30 3 30 5 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 28 3 30 3 30 3 30 3 30 5 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 5 30 5 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 5 30 5 30 5 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 5 30 3 30 5 30 3 30 5 30 3 30 3 30 3 30 3 24 5 30 5 30 5 30 5 30 5 30 5 30 3 30 3 30 3 30 3 30 3 30 5 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 5 30 3 30 5 30 3 30 3 30 3 30 3 30 3 30 5 30 5 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 5 30 3 30 3 30 5 30 5 30 5 30 3 30 3 30 3 30 5 30 3 30 3 30 3 30 3 30 5 30 5 30 5 30 3 30 3 30 3 30 3 30 3 30 3 30 3 30 5 30 5 30 3 30 3 30 3 30 3 30 0000920522 2023-01-01 2023-12-31 0000920522 ess:EssexPortfolioL.P.Member 2023-01-01 2023-12-31 0000920522 2023-06-30 iso4217:USD 0000920522 2024-02-21 xbrli:shares 0000920522 2023-10-01 2023-12-31 0000920522 2023-12-31 0000920522 2022-12-31 0000920522 us-gaap:RelatedPartyMember 2023-12-31 0000920522 us-gaap:RelatedPartyMember 2022-12-31 iso4217:USD xbrli:shares 0000920522 2022-01-01 2022-12-31 0000920522 2021-01-01 2021-12-31 0000920522 ess:RegencyPalmCourtAndWindsorCourtMember srt:ApartmentBuildingMember 2023-01-01 2023-12-31 0000920522 us-gaap:CommonStockMember 2020-12-31 0000920522 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0000920522 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2020-12-31 0000920522 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0000920522 us-gaap:NoncontrollingInterestMember 2020-12-31 0000920522 2020-12-31 0000920522 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2021-01-01 2021-12-31 0000920522 us-gaap:NoncontrollingInterestMember 2021-01-01 2021-12-31 0000920522 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0000920522 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0000920522 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0000920522