2024 Q4 Form 10-Q Financial Statement

#000092052224000092 Filed on October 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $450.7M
YoY Change 7.52%
Cost Of Revenue $134.3M
YoY Change 8.36%
Gross Profit $316.4M
YoY Change 7.17%
Gross Profit Margin 70.21%
Selling, General & Admin $41.22M
YoY Change 57.83%
% of Gross Profit 13.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $146.4M
YoY Change 6.61%
% of Gross Profit 46.28%
Operating Expenses $187.7M
YoY Change 14.79%
Operating Profit $128.8M
YoY Change -2.27%
Interest Expense -$35.33M
YoY Change -165.23%
% of Operating Profit -27.43%
Other Income/Expense, Net $441.0K
YoY Change -209.16%
Pretax Income $125.5M
YoY Change 34.92%
Income Tax
% Of Pretax Income
Net Earnings $125.5M
YoY Change 34.92%
Net Earnings / Revenue 27.84%
Basic Earnings Per Share $1.84
Diluted Earnings Per Share $1.84
COMMON SHARES
Basic Shares Outstanding 64.27M shares 64.22M shares
Diluted Shares Outstanding 64.27M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $80.26M
YoY Change -79.52%
Cash & Equivalents $71.29M
Short-Term Investments
Other Short-Term Assets $78.44M
YoY Change 3.54%
Inventory $99.24M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $257.9M
YoY Change -49.65%
LONG-TERM ASSETS
Property, Plant & Equipment $11.11B
YoY Change 4.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.082B
YoY Change -11.54%
Other Assets $83.12M
YoY Change 877.57%
Total Long-Term Assets $12.39B
YoY Change 3.37%
TOTAL ASSETS
Total Short-Term Assets $257.9M
Total Long-Term Assets $12.39B
Total Assets $12.65B
YoY Change 1.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $245.9M
YoY Change 14.24%
Accrued Expenses $53.51M
YoY Change -18.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.51M
YoY Change -88.36%
LONG-TERM LIABILITIES
Long-Term Debt $6.366B
YoY Change 2.59%
Other Long-Term Liabilities $565.7M
YoY Change 485.23%
Total Long-Term Liabilities $6.932B
YoY Change 10.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.51M
Total Long-Term Liabilities $6.932B
Total Liabilities $6.985B
YoY Change 3.31%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $6.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.434B
YoY Change
Total Liabilities & Shareholders Equity $12.65B
YoY Change 1.2%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $125.5M
YoY Change 34.92%
Depreciation, Depletion And Amortization $146.4M
YoY Change 6.61%
Cash From Operating Activities $316.2M
YoY Change 9.77%
INVESTING ACTIVITIES
Capital Expenditures $259.7M
YoY Change 376.55%
Acquisitions
YoY Change
Other Investing Activities $38.37M
YoY Change -386.34%
Cash From Investing Activities -$221.4M
YoY Change 226.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -78.71M
YoY Change -170.77%
NET CHANGE
Cash From Operating Activities 316.2M
Cash From Investing Activities -221.4M
Cash From Financing Activities -78.71M
Net Change In Cash 16.11M
YoY Change -95.14%
FREE CASH FLOW
Cash From Operating Activities $316.2M
Capital Expenditures $259.7M
Free Cash Flow $56.46M
YoY Change -75.83%

Facts In Submission

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CorporatePropertyManagementExpenses
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CorporatePropertyManagementExpenses
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34387000 usd
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us-gaap Depreciation
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us-gaap Depreciation
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29067000 usd
CY2023Q3 us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
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CY2023Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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CY2024Q3 ess Casualty Loss
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CY2023Q3 ess Casualty Loss
CasualtyLoss
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CasualtyLoss
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CasualtyLoss
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CY2024Q3 us-gaap Costs And Expenses
CostsAndExpenses
321908000 usd
CY2023Q3 us-gaap Costs And Expenses
CostsAndExpenses
287399000 usd
us-gaap Costs And Expenses
CostsAndExpenses
921382000 usd
us-gaap Costs And Expenses
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CY2024Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
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CY2023Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
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us-gaap Gains Losses On Sales Of Investment Real Estate
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us-gaap Gains Losses On Sales Of Investment Real Estate
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59238000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
128790000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
131784000 usd
us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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54161000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
174285000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
157806000 usd
CY2024Q3 us-gaap Derivative Gain On Derivative
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
33802000 usd
CY2023Q3 us-gaap Deferred Other Tax Expense Benefit
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us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
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us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
1237000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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1991000 usd
CY2024Q3 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
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us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
24930000 usd
CY2024Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CommonStockDividendsPerShareCashPaid
2.45
CY2024Q3 us-gaap Dividends Common Stock
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CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5628360000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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5734000 usd
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
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us-gaap Noncontrolling Interest Increase From Business Combination
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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us-gaap Common Stock Dividends Per Share Cash Paid
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us-gaap Dividends Common Stock
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CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5628360000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Profit Loss
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93009000 usd
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
4113000 usd
CY2023Q3 us-gaap Stock Issued During Period Value New Issues
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CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2289000 usd
CY2023Q3 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
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CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2023Q3 us-gaap Dividends Common Stock
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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us-gaap Treasury Stock Retired Par Value Method Amount
TreasuryStockRetiredParValueMethodAmount
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us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
24006000 usd
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RedemptionsOfNoncontrollingInterest
609000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
6.93
us-gaap Dividends Common Stock
DividendsCommonStock
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
360359000 usd
us-gaap Straight Line Rent
StraightLineRent
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us-gaap Straight Line Rent
StraightLineRent
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
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us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
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us-gaap Gain Loss On Investments
GainLossOnInvestments
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us-gaap Gain Loss On Investments
GainLossOnInvestments
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us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
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us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
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GainLossFromEquityMethodInvestments
33667000 usd
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GainLossFromEquityMethodInvestments
33802000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
35096000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
48229000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
10805000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
8919000 usd
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CasualtyLoss
0 usd
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CasualtyLoss
433000 usd
ess Companys Share Of Gain On Sales Of Real Estate
CompanysShareOfGainOnSalesOfRealEstate
0 usd
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CompanysShareOfGainOnSalesOfRealEstate
59238000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5350000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5943000 usd
ess Gain On Remeasurement Of Co Investment
GainOnRemeasurementOfCoInvestment
169909000 usd
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GainOnRemeasurementOfCoInvestment
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
65274000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
44971000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
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us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2533000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
849981000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
776390000 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
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us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
23845000 usd
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RedevelopmentExpenditures
41198000 usd
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RedevelopmentExpenditures
56168000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
2666000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
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us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
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us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
1700000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
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us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
4977000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
32169000 usd
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IncreaseDecreaseInRefundableDeposits
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IncreaseDecreaseInRefundableDeposits
10200000 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
428000 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
11552000 usd
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PaymentsForProceedsFromSalesAndMaturitiesOfMarketableSecurities
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PaymentsForProceedsFromSalesAndMaturitiesOfMarketableSecurities
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us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
6500000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
15251000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
554875000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
598000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
402315000 usd
us-gaap Repayments Of Long Term Debt
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1052729000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
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us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12313000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
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us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
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us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
609000 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
521000 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
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us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
462971000 usd
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
438689000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-320071000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
357816000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
400334000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42681000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
80263000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
400497000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
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us-gaap Interest Paid Capitalized
InterestPaidCapitalized
700000 usd
us-gaap Interest Paid Net
InterestPaidNet
164389000 usd
us-gaap Interest Paid Net
InterestPaidNet
159758000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Operating Lease Payments
OperatingLeasePayments
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ess Issuance Of Operating Partnership Units For Contributed Properties
IssuanceOfOperatingPartnershipUnitsForContributedProperties
24930000 usd
ess Issuance Of Operating Partnership Units For Contributed Properties
IssuanceOfOperatingPartnershipUnitsForContributedProperties
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RedemptionOfPreferredEquityInvestmentsUponAcquisitionOfCoInvestments
44670000 usd
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RedemptionOfPreferredEquityInvestmentsUponAcquisitionOfCoInvestments
0 usd
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TransferFromRealEstateUnderDevelopmentToRentalProperties
514000 usd
ess Transfer From Real Estate Under Development To Rental Properties
TransferFromRealEstateUnderDevelopmentToRentalProperties
827000 usd
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691000 usd
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TransfersFromRealEstateUnderDevelopmentToCoInvestments
1322000 usd
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2293000 usd
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2810000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
6.93
CY2024Q3 ess Number Of Apartment Communities Owned
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255 community
CY2024Q3 ess Aggregate Apartment Units Owned
AggregateApartmentUnitsOwned
62510 apartment
CY2024Q3 ess Ownership Interests Number Of Commercial Buildings
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2 building
CY2024Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
100000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
100000 usd
CY2024Q3 ess Number Of Downreit Limited Partnerships Consolidated By Company
NumberOfDownreitLimitedPartnershipsConsolidatedByCompany
18 partnership
CY2023Q4 ess Number Of Downreit Limited Partnerships Consolidated By Company
NumberOfDownreitLimitedPartnershipsConsolidatedByCompany
18 partnership
CY2023Q4 ess Number Of Communities Within Downreit Partnerships
NumberOfCommunitiesWithinDownreitPartnerships
9 community
CY2024Q3 ess Number Of Communities Within Downreit Partnerships
NumberOfCommunitiesWithinDownreitPartnerships
9 community
CY2024Q3 ess Variable Interest Entity Number Of Consolidated Coinvestments Determined To Be Variable Interest Entities
VariableInterestEntityNumberOfConsolidatedCoinvestmentsDeterminedToBeVariableInterestEntities
6 investment
CY2023Q4 ess Variable Interest Entity Number Of Consolidated Coinvestments Determined To Be Variable Interest Entities
VariableInterestEntityNumberOfConsolidatedCoinvestmentsDeterminedToBeVariableInterestEntities
6 investment
CY2024Q3 ess Assets Related To Variable Interest Entities Net Intercompany Eliminations
AssetsRelatedToVariableInterestEntitiesNetIntercompanyEliminations
970000000.0 usd
CY2024Q3 ess Liabilities Related To Variable Interest Entities Net Of Intercompany Eliminations
LiabilitiesRelatedToVariableInterestEntitiesNetOfIntercompanyEliminations
326000000.0 usd
CY2023Q4 ess Assets Related To Variable Interest Entities Net Intercompany Eliminations
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956700000 usd
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324500000 usd
CY2024Q3 us-gaap Noncontrolling Interest In Variable Interest Entity
NoncontrollingInterestInVariableInterestEntity
120100000 usd
CY2023Q4 us-gaap Noncontrolling Interest In Variable Interest Entity
NoncontrollingInterestInVariableInterestEntity
121100000 usd
CY2024Q3 ess Fixed Rate Debt Carrying Amount
FixedRateDebtCarryingAmount
5800000000 usd
CY2023Q4 ess Fixed Rate Debt Carrying Amount
FixedRateDebtCarryingAmount
5700000000 usd
CY2024Q3 ess Fixed Rate Debt Fair Value
FixedRateDebtFairValue
5600000000 usd
CY2023Q4 ess Fixed Rate Debt Fair Value
FixedRateDebtFairValue
5300000000 usd
CY2024Q3 ess Variable Rate Debt Carrying Amount
VariableRateDebtCarryingAmount
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CY2023Q4 ess Variable Rate Debt Carrying Amount
VariableRateDebtCarryingAmount
520000000.0 usd
CY2024Q3 ess Variable Rate Debt Fair Value
VariableRateDebtFairValue
526200000 usd
CY2023Q4 ess Variable Rate Debt Fair Value
VariableRateDebtFairValue
519000000.0 usd
CY2024Q3 ess Capitalized Internal Costs Related To Development And Redevelopment Projects
CapitalizedInternalCostsRelatedToDevelopmentAndRedevelopmentProjects
4600000 usd
CY2023Q3 ess Capitalized Internal Costs Related To Development And Redevelopment Projects
CapitalizedInternalCostsRelatedToDevelopmentAndRedevelopmentProjects
5000000.0 usd
ess Capitalized Internal Costs Related To Development And Redevelopment Projects
CapitalizedInternalCostsRelatedToDevelopmentAndRedevelopmentProjects
14800000 usd
ess Capitalized Internal Costs Related To Development And Redevelopment Projects
CapitalizedInternalCostsRelatedToDevelopmentAndRedevelopmentProjects
14400000 usd
CY2024Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
34000000.0 usd
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
32200000 usd
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
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us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
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us-gaap Gain Loss Related To Litigation Settlement
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Accounting Estimates</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div>
CY2024Q2 us-gaap Proceeds From Sale Of Equity Method Investments
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RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q3 us-gaap Revenues
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CY2024Q3 ess Number Of Technology Co Investments
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44200000 usd
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687000 usd
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NotesReceivableNet
200295000 usd
CY2023Q4 us-gaap Notes Receivable Net
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174621000 usd
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53900000 usd
CY2024Q3 ess Unsecured Debt And Line Of Credit
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CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
518332000 usd
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LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
3881937000 usd
CY2024Q3 us-gaap Long Term Debt
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6387477000 usd
us-gaap Number Of Operating Segments
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CY2024Q3 ess Net Operating Income From Segments
NetOperatingIncomeFromSegments
313883000 usd
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NetOperatingIncomeFromSegments
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CY2024Q3 ess Corporate Property Management Expenses
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CorporatePropertyManagementExpenses
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CorporatePropertyManagementExpenses
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CorporatePropertyManagementExpenses
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CY2024Q3 us-gaap Depreciation
Depreciation
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CY2023Q3 us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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CY2024Q3 us-gaap General And Administrative Expense
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CY2024Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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BusinessCombinationAcquisitionRelatedCosts
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BusinessCombinationAcquisitionRelatedCosts
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us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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CY2024Q3 ess Casualty Loss
CasualtyLoss
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CasualtyLoss
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CasualtyLoss
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CY2024Q3 us-gaap Interest Expense Nonoperating
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CY2023Q3 us-gaap Interest Expense Nonoperating
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CY2024Q3 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
807000 usd
CY2023Q3 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
690000 usd
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
2232000 usd
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
2544000 usd
CY2024Q3 ess Interest And Other Income Expense
InterestAndOtherIncomeExpense
11449000 usd
CY2023Q3 ess Interest And Other Income Expense
InterestAndOtherIncomeExpense
4406000 usd
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InterestAndOtherIncomeExpense
78292000 usd
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InterestAndOtherIncomeExpense
29055000 usd
CY2024Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
33802000 usd
CY2024Q3 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-441000 usd
CY2023Q3 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
404000 usd
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DeferredOtherTaxExpenseBenefit
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us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
1237000 usd
CY2024Q3 ess Gain On Remeasurement Of Co Investment
GainOnRemeasurementOfCoInvestment
31583000 usd
CY2023Q3 ess Gain On Remeasurement Of Co Investment
GainOnRemeasurementOfCoInvestment
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ess Gain On Remeasurement Of Co Investment
GainOnRemeasurementOfCoInvestment
169909000 usd
ess Gain On Remeasurement Of Co Investment
GainOnRemeasurementOfCoInvestment
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CY2024Q3 us-gaap Profit Loss
ProfitLoss
125487000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
93009000 usd
us-gaap Profit Loss
ProfitLoss
509613000 usd
us-gaap Profit Loss
ProfitLoss
360359000 usd
CY2024Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
11054251000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
10470292000 usd
CY2024Q3 ess Real Estate Development In Process
RealEstateDevelopmentInProcess
25087000 usd
CY2023Q4 ess Real Estate Development In Process
RealEstateDevelopmentInProcess
23724000 usd
CY2024Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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1007252000 usd
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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1061733000 usd
CY2024Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
74148000 usd
CY2023Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q3 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
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CY2023Q4 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
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CY2024Q3 us-gaap Notes Receivable Net
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NotesReceivableNet
174621000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2024Q3 us-gaap Prepaid Expense And Other Assets
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CY2023Q4 us-gaap Prepaid Expense And Other Assets
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CY2024Q3 us-gaap Assets
Assets
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Assets
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CY2024Q3 us-gaap Earnings Per Share Basic
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87282000 usd
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CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.36
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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118424000 usd
CY2024Q3 ess Adjusted Income From Continuing Operations Available To Common Stockholders
AdjustedIncomeFromContinuingOperationsAvailableToCommonStockholders
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CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023Q3 us-gaap Earnings Per Share Diluted
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NetIncomeLossAvailableToCommonStockholdersBasic
484069000 usd
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WeightedAverageNumberOfSharesOutstandingBasic
64214258 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.54
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
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