How does Essex Property Trust (ESS) make money?

Essex Property Trust (ESS) generates revenue primarily from Management And Other Fees From Affiliates Income, which accounted for 100% of total revenue in TTM through Q1 2026. The company reported $1.91B in revenue and converted 30.2% of it into net profit, equivalent to roughly $575.56M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Essex Property Trust (ESS)?

Essex Property Trust (ESS) reported a gross profit margin of 69.4% in TTM through Q1 2026, equivalent to $1.32B in gross profit on $1.91B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Essex Property Trust (ESS)?

Essex Property Trust (ESS) reported an operating profit margin of 38.4% in TTM through Q1 2026, equivalent to $732.14M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Essex Property Trust (ESS)?

Essex Property Trust (ESS) reported a net profit margin of 30.2% in TTM through Q1 2026, equivalent to $575.56M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Essex Property Trust (ESS) profitable?

Yes. Essex Property Trust (ESS) reported $575.56M in net income for TTM through Q1 2026, with a net profit margin of 30.2%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Essex Property Trust (ESS) spend on capital expenditures?

Essex Property Trust (ESS) spent $115.68M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 6.1% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Essex Property Trust (ESS) generate?

Essex Property Trust (ESS) generated $964.40M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 50.6%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Essex Property Trust (ESS)?

Essex Property Trust (ESS) had an effective tax rate of 0% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

How Essex Property Trust Makes Money: 2026 Visual Revenue Map

Essex Property Trust (ESS) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 29, 2026).

Essex Property Trust discloses geographic revenue only in annual filings. to view the full breakdown.

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Revenue Counter$60.49/s
Earnings Counter$18.25/s
Economic Scale> Timor-Leste

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Buybacks0.37% TTM
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