ESSEX PROPERTY TRUST, INC. Files 10-Q for Period Ending March 31, 2024
Ticker: ESS · Form: 10-Q · Filed: 2024-05-01T00:00:00.000Z
Sentiment: neutral
Topics: Essex Property Trust, 10-Q, Real Estate, Financial Report, Q1 2024
TL;DR
<b>ESSEX PROPERTY TRUST, INC. filed its Q1 2024 10-Q report on May 1, 2024.</b>
AI Summary
ESSEX PROPERTY TRUST, INC. (ESS) filed a Quarterly Report (10-Q) with the SEC on May 1, 2024. ESSEX PROPERTY TRUST, INC. filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of 2024. The company's principal business is real estate investment trusts. The filing was made on May 1, 2024. The company's headquarters are located in San Mateo, California.
Why It Matters
For investors and stakeholders tracking ESSEX PROPERTY TRUST, INC., this filing contains several important signals. This 10-Q filing provides investors with the latest financial performance and operational updates for Essex Property Trust for the first quarter of 2024. Understanding the details within this report is crucial for assessing the company's current financial health, strategic direction, and potential risks and opportunities in the real estate market.
Risk Assessment
Risk Level: low — ESSEX PROPERTY TRUST, INC. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags or significant negative developments, indicating a low level of immediate risk from this specific filing.
Analyst Insight
Review the detailed financial statements and management discussion within the 10-Q to understand Essex Property Trust's performance and outlook for Q1 2024.
Key Numbers
- 2024-03-31 — Reporting Period End Date (10-Q filing)
- 2024-05-01 — Filing Date (10-Q filing)
- 2024-01-01 — Quarter Start Date (10-Q filing)
- 2023-12-31 — Previous Year End Date (Balance Sheet comparison)
Key Players & Entities
- ESSEX PROPERTY TRUST, INC. (company) — Filer of the 10-Q report
- 0000920522 (company) — Central Index Key for Essex Property Trust, Inc.
- 2024-03-31 (date) — Reporting period end date
- 2024-05-01 (date) — Filing date
- San Mateo, CA (location) — Business address city and state
- 6798 (industry) — Standard Industrial Classification for Real Estate Investment Trusts
FAQ
When did ESSEX PROPERTY TRUST, INC. file this 10-Q?
ESSEX PROPERTY TRUST, INC. filed this Quarterly Report (10-Q) with the SEC on May 1, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by ESSEX PROPERTY TRUST, INC. (ESS).
Where can I read the original 10-Q 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-Q?
ESSEX PROPERTY TRUST, INC. filed this 10-Q on May 1, 2024. Key takeaways: ESSEX PROPERTY TRUST, INC. filed a 10-Q report for the period ending March 31, 2024.. The filing covers the first quarter of 2024.. The company's principal business is real estate investment trusts..
Is ESSEX PROPERTY TRUST, INC. a risky investment based on this filing?
Based on this 10-Q, ESSEX PROPERTY TRUST, INC. presents a relatively low-risk profile. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags or significant negative developments, indicating a low level of immediate risk from this specific filing.
What should investors do after reading ESSEX PROPERTY TRUST, INC.'s 10-Q?
Review the detailed financial statements and management discussion within the 10-Q to understand Essex Property Trust's performance and outlook for Q1 2024. The overall sentiment from this filing is neutral.
Risk Factors
- Regulatory Compliance [medium — regulatory]: The company must comply with various federal, state, and local laws and regulations related to its real estate operations, including environmental, zoning, and landlord-tenant laws.
- Real Estate Market Conditions [high — market]: The company's financial performance is subject to the cyclical nature of the real estate market, including fluctuations in rental rates, occupancy levels, and property values.
- Interest Rate Risk [medium — financial]: Changes in interest rates can affect the company's borrowing costs, the value of its debt, and its ability to finance new acquisitions and development projects.
- Property Management and Maintenance [medium — operational]: Effective property management and timely maintenance are critical to tenant satisfaction, occupancy rates, and overall property value.
Key Dates
- 2024-03-31: Quarter End Date — Marks the end of the reporting period for the 10-Q.
- 2024-05-01: Filing Date — Date the 10-Q was officially submitted to the SEC.
Glossary
- 10-Q
- A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (Provides investors with an update on the company's financial performance and condition during the quarter.)
From the Filing
0000920522-24-000045.txt : 20240501 0000920522-24-000045.hdr.sgml : 20240501 20240501164609 ACCESSION NUMBER: 0000920522-24-000045 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 77 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240501 DATE AS OF CHANGE: 20240501 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-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-13106 FILM NUMBER: 24903752 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-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-44467-01 FILM NUMBER: 24903753 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-Q 1 ess-20240331.htm 10-Q ess-20240331 0000920522 --12-31 2024 Q1 false 9 2 376 368 0000920522 2024-01-01 2024-03-31 0000920522 ess:EssexPortfolioL.P.Member 2024-01-01 2024-03-31 0000920522 2024-04-29 xbrli:shares 0000920522 2024-03-31 iso4217:USD 0000920522 2023-12-31 0000920522 us-gaap:RelatedPartyMember 2024-03-31 0000920522 us-gaap:RelatedPartyMember 2023-12-31 iso4217:USD xbrli:shares 0000920522 2023-01-01 2023-03-31 0000920522 us-gaap:CommonStockMember 2023-12-31 0000920522 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000920522 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2023-12-31 0000920522 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000920522 us-gaap:NoncontrollingInterestMember 2023-12-31 0000920522 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2024-01-01 2024-03-31 0000920522 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0000920522 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000920522 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0000920522 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000920522 us-gaap:CommonStockMember 2024-03-31 0000920522 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000920522 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2024-03-31 0000920522 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000920522 us-gaap:NoncontrollingInterestMember 2024-03-31 0000920522 us-gaap:CommonStockMember 2022-12-31 0000920522 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000920522 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2022-12-31 0000920522 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000920522 us-gaap:NoncontrollingInterestMember 2022-12-31 0000920522 2022-12-31 0000920522 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2023-01-01 2023-03-31 0000920522 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-03-31 0000920522 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0000920522 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0000920522 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0000920522 us-gaap:CommonStockMember 2023-03-31 0000920522 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0000920522 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2023-03-31 0000920522 us-gaap:A