Essex Property Trust Files Q3 2024 10-Q
Ticker: ESS · Form: 10-Q · Filed: 2024-10-30T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, real-estate, REIT
Related Tickers: ESS
TL;DR
**Essex Property Trust (ESS) filed its Q3 2024 10-Q. Key financials and operations detailed.**
AI Summary
Essex Property Trust, Inc. filed its 10-Q for the period ending September 30, 2024. The company, a real estate investment trust, reported financial results and operational updates. Key financial data and business activities for the third quarter of 2024 are detailed in this filing.
Why It Matters
This filing provides investors with crucial financial and operational details for Essex Property Trust, Inc. during the third quarter of 2024, impacting investment decisions.
Risk Assessment
Risk Level: medium — As a real estate investment trust, Essex Property Trust is subject to market fluctuations, interest rate changes, and economic conditions affecting the real estate sector.
Key Players & Entities
- ESSEX PROPERTY TRUST, INC. (company) — Filer
- ESSEX PORTFOLIO LP (company) — Former Company Name
- 20240930 (date) — Period of Report
- 20241030 (date) — Filing Date
FAQ
What is the primary business of Essex Property Trust, Inc.?
Essex Property Trust, Inc. is a real estate investment trust (REIT) primarily engaged in the business of acquiring, developing, owning, and managing multifamily residential properties.
What is the filing period for this 10-Q?
The filing period for this 10-Q is for the quarter ended September 30, 2024.
Where is Essex Property Trust, Inc. headquartered?
Essex Property Trust, Inc. is headquartered in San Mateo, California, with its business address listed as 1100 Park Place, Suite 200, San Mateo, CA 94403.
What is the Standard Industrial Classification (SIC) code for Essex Property Trust, Inc.?
The Standard Industrial Classification (SIC) code for Essex Property Trust, Inc. is 6798, which corresponds to Real Estate Investment Trusts.
Has the company undergone any name changes?
Yes, the company was formerly known as Essex Property Trust Inc. and Essex Portfolio LP, with name changes recorded on December 11, 2018, and March 18, 1994, respectively.
From the Filing
0000920522-24-000092.txt : 20241030 0000920522-24-000092.hdr.sgml : 20241030 20241030162559 ACCESSION NUMBER: 0000920522-24-000092 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 81 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241030 DATE AS OF CHANGE: 20241030 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: 241410717 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: 241410718 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 10-Q 1 ess-20240930.htm 10-Q ess-20240930 0000920522 --12-31 2024 Q3 false http://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMember 3 2 http://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMember 376 2420 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure ess:community ess:apartment ess:building ess:partnership ess:investment ess:unit ess:instrument ess:extension_option ess:segment 0000920522 2024-01-01 2024-09-30 0000920522 ess:EssexPortfolioL.P.Member 2024-01-01 2024-09-30 0000920522 2024-10-28 0000920522 2024-09-30 0000920522 2023-12-31 0000920522 us-gaap:RelatedPartyMember 2024-09-30 0000920522 us-gaap:RelatedPartyMember 2023-12-31 0000920522 2024-07-01 2024-09-30 0000920522 2023-07-01 2023-09-30 0000920522 2023-01-01 2023-09-30 0000920522 us-gaap:CommonStockMember 2024-06-30 0000920522 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0000920522 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2024-06-30 0000920522 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0000920522 us-gaap:NoncontrollingInterestMember 2024-06-30 0000920522 2024-06-30 0000920522 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2024-07-01 2024-09-30 0000920522 us-gaap:NoncontrollingInterestMember 2024-07-01 2024-09-30 0000920522 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-01 2024-09-30 0000920522 us-gaap:CommonStockMember 2024-07-01 2024-09-30 0000920522 us-gaap:AdditionalPaidInCapitalMember 2024-07-01 2024-09-30 0000920522 us-gaap:CommonStockMember 2024-09-30 0000920522 us-gaap:AdditionalPaidInCapitalMember 2024-09-30 0000920522 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2024-09-30 0000920522 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-09-30 0000920522 us-gaap:NoncontrollingInterestMember 2024-09-30 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 2024-09-30 0000920522 us-gaap:NoncontrollingInterestMem