Market Capitalization (Millions $) |
15,344 |
Shares
Outstanding (Millions) |
64 |
Employees |
1,757 |
Revenues (TTM) (Millions $) |
1,653 |
Net Income (TTM) (Millions $) |
560 |
Cash Flow (TTM) (Millions $) |
21 |
Capital Exp. (TTM) (Millions $) |
65 |
Essex Property Trust Inc
Essex Property Trust Inc. is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, development, redevelopment, and management of multifamily residential properties. The company is based in San Mateo, California and was founded in 1971.
Essex Property Trust has a portfolio of over 60,000 apartment units located in affluent coastal communities in California, Seattle, and Denver. The company manages properties across all segments of the multifamily market, including luxury, mid-market, and affordable housing. Essex Property Trustes properties are known for their high-quality amenities, such as fitness centers, swimming pools, and community rooms.
The companyes competitive advantage is its focus on value-added investment opportunities. Essex Property Trustes strategy is to acquire existing properties that are under-managed or under-utilized, then reposition the assets through renovation, rebuilding, or rebranding. By expanding amenities, modernizing units, and improving resident experience, Essex Property Trust aims to increase rents and property values over time.
Essex Property Trust prides itself on being a responsible corporate citizen. The company has implemented several sustainability initiatives aimed at reducing energy consumption, greenhouse gas emissions, and waste. The company has also introduced green building standards for all new properties and has received numerous industry awards for its sustainability efforts.
In terms of financials, Essex Property Trust is a highly profitable organization. The company reported $1.5 billion in revenue in 2020, with a net income of $398 million. The companyes market capitalization is currently around $21 billion, and its investors enjoy a healthy dividend yield of around5%.
Overall, Essex Property Trust is a well-established and reputable player in the multifamily REIT market. With its focus on value-added investments, commitment to sustainability, and strong financials, the company is well-positioned to generate continued growth and value for its investors.
Company Address: 1100 Park Place, Suite 200 San Mateo 94403 CA
Company Phone Number: 655-7800 Stock Exchange / Ticker: NYSE ESS
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Next quarterly dividend pay out on April 12, 2024. |
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