$ESS
ESSEX PROPERTY TRUST, INC. Stock $ess

$ess Overview Financials Valuation SEC Filings Company Website

2018 Q2 Form 10-Q Financial Statement

#000092052218000039 Filed on August 03, 2018

Income Statement

Concept	2018 Q2	2017 Q2
Revenue	$348.7M	$339.1M
YoY Change	2.85%	5.43%
Cost Of Revenue	$94.10M	$98.30M
YoY Change	-4.27%	2.29%
Gross Profit	$254.6M	$240.8M
YoY Change	5.73%	6.78%
Gross Profit Margin	73.01%	71.02%
Selling, General & Admin	$18.90M	$10.30M
YoY Change	83.5%	6.19%
% of Gross Profit	7.42%	4.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$119.3M	$117.9M
YoY Change	1.18%	7.54%
% of Gross Profit	46.87%	48.98%
Operating Expenses	$138.3M	$128.2M
YoY Change	7.88%	7.46%
Operating Profit	$138.5M	$112.2M
YoY Change	23.4%	6.02%
Interest Expense	$56.28M	$56.81M
YoY Change	-0.94%	2.24%
% of Operating Profit	40.63%	50.61%
Other Income/Expense, Net
YoY Change
Pretax Income	$106.4M	$75.80M
YoY Change	40.37%	-1.3%
Income Tax		$0.00
% Of Pretax Income		0.0%
Net Earnings	$106.4M	$70.76M
YoY Change	50.38%	-1.74%
Net Earnings / Revenue	30.51%	20.87%
Basic Earnings Per Share	$1.52	$1.08
Diluted Earnings Per Share	$1.52	$1.08
COMMON SHARES
Basic Shares Outstanding	66.05M shares	65.73M shares
Diluted Shares Outstanding	66.10M shares	65.82M shares

Balance Sheet

Concept	2018 Q2	2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$368.1M	$335.9M
YoY Change	9.59%	0.33%
Cash & Equivalents	$160.9M	$183.9M
Short-Term Investments	$207.2M	$152.0M
Other Short-Term Assets	$56.00M	$50.00M
YoY Change	12.0%	6.38%
Inventory	$344.0M	$266.0M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$572.0M	$512.0M
YoY Change	11.72%	28.0%
LONG-TERM ASSETS
Property, Plant & Equipment	$10.41B	$10.72B
YoY Change	-2.89%	2.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.499B	$1.233B
YoY Change	21.57%	-1.83%
Other Assets	$17.00M	$16.00M
YoY Change	6.25%	-51.52%
Total Long-Term Assets	$11.98B	$12.01B
YoY Change	-0.24%	1.75%
TOTAL ASSETS
Total Short-Term Assets	$572.0M	$512.0M
Total Long-Term Assets	$11.98B	$12.01B
Total Assets	$12.56B	$12.52B
YoY Change	0.25%	2.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$133.0M	$139.0M
YoY Change	-4.32%	-4.14%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$320.0M	$308.0M
YoY Change	3.9%	4.76%
LONG-TERM LIABILITIES
Long-Term Debt	$5.691B	$5.663B
YoY Change	0.49%	0.8%
Other Long-Term Liabilities	$33.00M	$70.00M
YoY Change	-52.86%	100.0%
Total Long-Term Liabilities	$5.724B	$5.733B
YoY Change	-0.16%	1.42%
TOTAL LIABILITIES
Total Short-Term Liabilities	$320.0M	$308.0M
Total Long-Term Liabilities	$5.724B	$5.733B
Total Liabilities	$6.045B	$6.042B
YoY Change	0.05%	1.59%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$7.000K	$6.000K
YoY Change	16.67%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$6.354B	$6.317B
YoY Change
Total Liabilities & Shareholders Equity	$12.56B	$12.52B
YoY Change	0.25%	2.61%

Cashflow Statement

Concept	2018 Q2	2017 Q2
OPERATING ACTIVITIES
Net Income	$106.4M	$70.76M
YoY Change	50.38%	-1.74%
Depreciation, Depletion And Amortization	$119.3M	$117.9M
YoY Change	1.18%	7.54%
Cash From Operating Activities	$155.1M	$149.1M
YoY Change	4.02%	-0.47%
INVESTING ACTIVITIES
Capital Expenditures	-$76.30M	-$59.70M
YoY Change	27.81%	4.37%
Acquisitions
YoY Change
Other Investing Activities	$116.3M	$65.40M
YoY Change	77.83%	-251.39%
Cash From Investing Activities	$40.00M	$5.700M
YoY Change	601.75%	-105.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-156.7M	34.30M
YoY Change	-556.85%	-59.65%
NET CHANGE
Cash From Operating Activities	155.1M	149.1M
Cash From Investing Activities	40.00M	5.700M
Cash From Financing Activities	-156.7M	34.30M
Net Change In Cash	38.40M	189.1M
YoY Change	-79.69%	40.59%
FREE CASH FLOW
Cash From Operating Activities	$155.1M	$149.1M
Capital Expenditures	-$76.30M	-$59.70M
Free Cash Flow	$231.4M	$208.8M
YoY Change	10.82%	0.87%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	ess	Management And Other Fees From Affiliates ManagementAndOtherFeesFromAffiliates	5900000	USD
	ess	Corporate Property Management Expenses CorporatePropertyManagementExpenses	15031000	USD
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
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	ess	Adjusted Income From Continuing Operations Available To Common Stockholders AdjustedIncomeFromContinuingOperationsAvailableToCommonStockholders	66088803	shares
	dei	Document Period End Date DocumentPeriodEndDate	2018-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000920522
CY2018Q2	ess	Aggregate Apartment Units Owned AggregateApartmentUnitsOwned	59982	apartment
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	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
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CY2018Q2	ess	Corporate Property Management Expenses CorporatePropertyManagementExpenses	7782000	USD
	ess	Corporate Property Management Expenses CorporatePropertyManagementExpenses	15552000	USD
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	ess	Capitalized Internal Costs Related To Development And Redevelopment Projects CapitalizedInternalCostsRelatedToDevelopmentAndRedevelopmentProjects	9400000	USD
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	ess	Capitalized Internal Costs Related To Development And Redevelopment Projects CapitalizedInternalCostsRelatedToDevelopmentAndRedevelopmentProjects	9500000	USD
	ess	Companys Share Of Gain On Sales Of Real Estate CompanysShareOfGainOnSalesOfRealEstate	26174000	USD
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
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	ess	Management And Other Fees From Affiliates ManagementAndOtherFeesFromAffiliates	6400000	USD
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CY2018Q2	ess	Number Of Communities Within Downreit Partnerships NumberOfCommunitiesWithinDownreitPartnerships	8	community
CY2018Q2	ess	Number Of Downreit Limited Partnerships Consolidated By Company NumberOfDownreitLimitedPartnershipsConsolidatedByCompany	16	partnership
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	ess	Revenue Generating Capital Expenditures RevenueGeneratingCapitalExpenditures	30975000	USD
	ess	Stock Option And Restricted Stock Plans StockOptionAndRestrictedStockPlans	1864000	USD
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CY2018Q2	us-gaap	Depreciation Depreciation	119330000	USD
	us-gaap	Depreciation Depreciation	238435000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	233442000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	238435000	USD
CY2017Q2	us-gaap	Derivative Gain On Derivative DerivativeGainOnDerivative	2500000	USD
CY2017Q2	us-gaap	Derivative Gain On Derivative DerivativeGainOnDerivative	2531000	USD
	us-gaap	Derivative Gain On Derivative DerivativeGainOnDerivative	5100000	USD
	us-gaap	Derivative Gain On Derivative DerivativeGainOnDerivative	5115000	USD
CY2018Q2	us-gaap	Derivative Gain On Derivative DerivativeGainOnDerivative	2228000	USD
CY2018Q2	us-gaap	Derivative Gain On Derivative DerivativeGainOnDerivative	2200000	USD
	us-gaap	Derivative Gain On Derivative DerivativeGainOnDerivative	4500000	USD
	us-gaap	Derivative Gain On Derivative DerivativeGainOnDerivative	4498000	USD
CY2017Q4	us-gaap	Development In Process DevelopmentInProcess	355735000	USD
CY2018Q2	us-gaap	Development In Process DevelopmentInProcess	343841000	USD
CY2017Q2	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	55859000	USD
	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	111995000	USD
CY2018Q2	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	58156000	USD
	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	115406000	USD
	us-gaap	Dividends Common Stock DividendsCommonStock	245710000	USD
CY2017Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	121420000	USD
CY2018Q2	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	129007000	USD
CY2017Q4	us-gaap	Due From Related Parties DueFromRelatedParties	41200000	USD
CY2018Q2	us-gaap	Due From Related Parties DueFromRelatedParties	10800000	USD
CY2017Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.08
CY2017Q2	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0	USD
	us-gaap	Equity Securities Fv Ni Unrealized Loss EquitySecuritiesFvNiUnrealizedLoss	0	USD
	us-gaap	Equity Securities Fv Ni Unrealized Loss EquitySecuritiesFvNiUnrealizedLoss	754000	USD
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	26174000	USD
CY2018Q2	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	22244000	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.80
CY2018Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.52
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.90
CY2017Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.08
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.80
CY2018Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.52
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.90
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	27451000	USD
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	61107000	USD
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	22244000	USD
CY2017Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	10337000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	20938000	USD
CY2018Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	11125000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	25938000	USD
CY2017Q2	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	70759000	USD
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	249723000	USD
CY2018Q2	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	100440000	USD
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	191358000	USD
CY2017Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	10308000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	21207000	USD
CY2018Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	15049000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	47823000	USD
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-3169000	USD
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	2839000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	646000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	579000	USD
	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	1575000	USD
	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	2633000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1751000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	6078000	USD
	us-gaap	Increase Decrease In Restricted Cash And Investments For Operating Activities IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities	-467000	USD
	us-gaap	Increase Decrease In Restricted Cash And Investments For Operating Activities IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities	3785000	USD
CY2017Q2	us-gaap	Interest And Other Income InterestAndOtherIncome	5362000	USD
	us-gaap	Interest And Other Income InterestAndOtherIncome	12126000	USD
CY2018Q2	us-gaap	Interest And Other Income InterestAndOtherIncome	6895000	USD
	us-gaap	Interest And Other Income InterestAndOtherIncome	12804000	USD
CY2017Q2	us-gaap	Interest Expense InterestExpense	56812000	USD
	us-gaap	Interest Expense InterestExpense	111395000	USD
CY2018Q2	us-gaap	Interest Expense InterestExpense	56278000	USD
	us-gaap	Interest Expense InterestExpense	111139000	USD
CY2017Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	10639108000	USD
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	6600000	USD
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	8400000	USD
	us-gaap	Interest Paid Net InterestPaidNet	106448000	USD
	us-gaap	Interest Paid Net InterestPaidNet	100496000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	12495706000	USD
CY2018Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	12555654000	USD
CY2018Q2	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	10693682000	USD
	us-gaap	Investment Income Amortization Of Discount InvestmentIncomeAmortizationOfDiscount	7270000	USD
	us-gaap	Investment Income Amortization Of Discount InvestmentIncomeAmortizationOfDiscount	8469000	USD
CY2017Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	1155984000	USD
CY2018Q2	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	1291320000	USD
CY2017Q4	us-gaap	Land And Land Improvements LandAndLandImprovements	2719064000	USD
CY2018Q2	us-gaap	Land And Land Improvements LandAndLandImprovements	2710139000	USD
CY2017Q4	us-gaap	Liabilities Liabilities	6059675000	USD
CY2018Q2	us-gaap	Liabilities Liabilities	6044714000	USD
CY2017	us-gaap	Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest	0.967
	us-gaap	Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest	0.967
CY2017Q4	us-gaap	Line Of Credit LineOfCredit	179000000	USD
CY2018Q2	us-gaap	Line Of Credit LineOfCredit	2670000	USD
CY2018Q2	us-gaap	Long Term Debt LongTermDebt	5694663000	USD
CY2018Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	3035808000	USD
CY2018Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	692466000	USD
CY2018Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	544846000	USD
CY2018Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	694921000	USD
CY2018Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	606843000	USD
CY2018Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	119779000	USD
CY2017Q4	us-gaap	Marketable Securities MarketableSecurities	190004000	USD
CY2018Q2	us-gaap	Marketable Securities MarketableSecurities	207191000	USD
CY2017Q2	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss	13000	USD
	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss	1600000	USD
CY2018Q2	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss	-200000	USD
	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss	500000	USD
CY2017Q4	us-gaap	Minority Interest MinorityInterest	119419000	USD
CY2018Q2	us-gaap	Minority Interest MinorityInterest	120498000	USD
	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	-1845000	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	15397000	USD
	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	4794000	USD
CY2017Q4	us-gaap	Mortgage Backed Securities Available For Sale Fair Value Disclosure MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure	120700000	USD
CY2018Q2	us-gaap	Mortgage Backed Securities Available For Sale Fair Value Disclosure MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure	127200000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-79311000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-248063000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-263639000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-59008000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	372524000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	423521000	USD
CY2017Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	5036000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	13623000	USD
CY2018Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	5970000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	11691000	USD
CY2017Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	70759000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	249723000	USD
CY2018Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	100440000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	191358000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	51882000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	0	USD
CY2017Q4	us-gaap	Noncontrolling Interest In Variable Interest Entity NoncontrollingInterestInVariableInterestEntity	66700000	USD
CY2018Q2	us-gaap	Noncontrolling Interest In Variable Interest Entity NoncontrollingInterestInVariableInterestEntity	64900000	USD
CY2017Q4	us-gaap	Notes Receivable Net NotesReceivableNet	100926000	USD
CY2018Q2	us-gaap	Notes Receivable Net NotesReceivableNet	68386000	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3	segment
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	112247000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	221478000	USD
CY2018Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	116272000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	226819000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	9656000	USD
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	-2000	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-99000	USD
CY2017Q4	us-gaap	Other Liabilities OtherLiabilities	33132000	USD
CY2018Q2	us-gaap	Other Liabilities OtherLiabilities	33497000	USD
	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	3890000	USD
	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	3771000	USD
	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	-28766000	USD
	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	-18975000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	3774000	USD
	us-gaap	Payments For Repurchase Of Redeemable Noncontrolling Interest PaymentsForRepurchaseOfRedeemableNoncontrollingInterest	720000	USD
	us-gaap	Payments For Repurchase Of Redeemable Noncontrolling Interest PaymentsForRepurchaseOfRedeemableNoncontrollingInterest	43000	USD
	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	14371000	USD
	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	15066000	USD
	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	219618000	USD
	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	238454000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	118000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	23000	USD
	us-gaap	Payments To Acquire Commercial Real Estate PaymentsToAcquireCommercialRealEstate	51563000	USD
	us-gaap	Payments To Acquire Commercial Real Estate PaymentsToAcquireCommercialRealEstate	75303000	USD
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	144599000	USD
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	97826000	USD
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	33615000	USD
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	27995000	USD
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	12750000	USD
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	0	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	193527000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	5476000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	3528000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	57000	USD
CY2017Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	43056000	USD
CY2018Q2	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	56338000	USD
	us-gaap	Proceeds From Sale And Collection Of Receivables ProceedsFromSaleAndCollectionOfReceivables	0	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	67674000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	38696000	USD
	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	435000	USD
	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	917000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	80565000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	-353000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	597981000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	298773000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	467313000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	438528000	USD
	us-gaap	Proceeds From Sale And Collection Of Receivables ProceedsFromSaleAndCollectionOfReceivables	29500000	USD
CY2017Q2	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	3900000	USD
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	28800000	USD
CY2018Q2	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	9400000	USD
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	19000000	USD
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	131230000	USD
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	130730000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	22041000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	1864000	USD
CY2017Q2	us-gaap	Profit Loss ProfitLoss	75795000	USD
	us-gaap	Profit Loss ProfitLoss	263346000	USD
CY2018Q2	us-gaap	Profit Loss ProfitLoss	106410000	USD
	us-gaap	Profit Loss ProfitLoss	203049000	USD
CY2017Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	2769297000	USD
CY2018Q2	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	2992819000	USD
CY2017Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	13358172000	USD
CY2018Q2	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	13403821000	USD
CY2017Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	10588875000	USD
CY2018Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	10411002000	USD
CY2017Q2	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	34884000	USD
	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	70752000	USD
CY2018Q2	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	35990000	USD
	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	73703000	USD
CY2017Q4	us-gaap	Redeemable Noncontrolling Interest Equity Carrying Amount RedeemableNoncontrollingInterestEquityCarryingAmount	39206000	USD
CY2018Q2	us-gaap	Redeemable Noncontrolling Interest Equity Carrying Amount RedeemableNoncontrollingInterestEquityCarryingAmount	36257000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	592313000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	614858000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	412653000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	110829000	USD
CY2016Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	105381000	USD
CY2017Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	15991000	USD
CY2017Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	16506000	USD
CY2018Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	16674000	USD
CY2017Q2	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	339062000	USD
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	674466000	USD
CY2018Q2	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	348723000	USD
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	695978000	USD
CY2018Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	7700000	USD
CY2018Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P6M
CY2018Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P2Y
CY2018Q2	us-gaap	Revenue Remaining Performance Obligation Percentage RevenueRemainingPerformanceObligationPercentage	0.20
CY2018Q2	us-gaap	Revenue Remaining Performance Obligation Percentage RevenueRemainingPerformanceObligationPercentage	0.39
CY2017Q2	us-gaap	Revenues Revenues	339062000	USD
	us-gaap	Revenues Revenues	674466000	USD
CY2018Q2	us-gaap	Revenues Revenues	348723000	USD
	us-gaap	Revenues Revenues	695978000	USD
CY2017Q4	us-gaap	Secured Debt SecuredDebt	2008417000	USD
CY2018Q2	us-gaap	Secured Debt SecuredDebt	1890326000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	3361000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	5906000	USD
	us-gaap	Stock Issued1 StockIssued1	22506000	USD
	us-gaap	Stock Issued1 StockIssued1	0	USD
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	-353000	USD
CY2018Q1	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	245200000	USD
CY2018Q1	us-gaap	Stock Repurchased And Retired During Period Shares StockRepurchasedAndRetiredDuringPeriodShares	16834	shares
CY2018Q1	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	3800000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	6277406000	USD
CY2018Q2	us-gaap	Stockholders Equity StockholdersEquity	6354185000	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6396825000	USD
CY2018Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6474683000	USD
	us-gaap	Treasury Stock Retired Par Value Method Amount TreasuryStockRetiredParValueMethodAmount	3774000	USD
CY2017Q4	us-gaap	Unsecured Debt UnsecuredDebt	3501709000	USD
CY2018Q2	us-gaap	Unsecured Debt UnsecuredDebt	3798097000	USD
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	65819694	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	65942018	shares
CY2018Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	66096349	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	66088803	shares
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	65729074	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	65639775	shares
CY2018Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	66047751	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	66045897	shares
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Accounting Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of condensed consolidated financial statements, in accordance with U.S. GAAP, requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. On an on-going basis, the Company evaluates its estimates, including those related to acquiring, developing and assessing the carrying values of its real estate portfolio, its investments in and advances to joint ventures and affiliates, its notes receivables, and its qualification as a real estate investment trust (“REIT”). The Company bases its estimates on historical experience, current market conditions, and on various other assumptions that are believed to be reasonable under the circumstances. Actual results may vary from those estimates and those estimates could be different under different assumptions or conditions.</font></div></div>

Files In Submission

Name	View Source	Status
0000920522-18-000039-index-headers.html	Edgar Link	pending
0000920522-18-000039-index.html	Edgar Link	pending
0000920522-18-000039.txt	Edgar Link	pending
0000920522-18-000039-xbrl.zip	Edgar Link	pending
ess-20180630.xml	Edgar Link	completed
ess-20180630.xsd	Edgar Link	pending
ess-20180630_cal.xml	Edgar Link	unprocessable
ess-20180630_def.xml	Edgar Link	unprocessable
ess-20180630_lab.xml	Edgar Link	unprocessable
ess-20180630_pre.xml	Edgar Link	unprocessable
ess-63018x10q.htm	Edgar Link	pending
ess-63018xex101.htm	Edgar Link	pending
ess-63018xex102.htm	Edgar Link	pending
ess-63018xex121.htm	Edgar Link	pending
ess-63018xex311.htm	Edgar Link	pending
ess-63018xex312.htm	Edgar Link	pending
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ess-63018xex323.htm	Edgar Link	pending
ess-63018xex324.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$ESS
ESSEX PROPERTY TRUST, INC. Stock $ess

2018 Q2 Form 10-Q Financial Statement

#000092052218000039 Filed on August 03, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ESS ESSEX PROPERTY TRUST, INC. Stock $ess

2018 Q2 Form 10-Q Financial Statement

#000092052218000039 Filed on August 03, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ESS
ESSEX PROPERTY TRUST, INC. Stock $ess