10-KPeriod: FY2004

ESSEX PROPERTY TRUST, INC. Annual Report, Year Ended Dec 31, 2004

Filed March 31, 2005For Securities:ESS

Summary

Essex Property Trust, Inc. (ESS) filed its 2004 annual report on Form 10-K on March 31, 2005. The filing details the company's operational and financial standing as of December 31, 2004, and highlights its structure as a Maryland-incorporated real estate investment trust. The report covers various corporate agreements, stock plans, and subsidiary information, indicating a well-established corporate framework and ongoing strategic activities. Investors should note the extensive list of incorporated exhibits, which suggests a history of significant transactions and corporate governance. The company's common stock is listed on the New York Stock Exchange, with its aggregate market value of non-affiliate shares exceeding $1.5 billion as of June 30, 2004. This filing provides a foundational overview of ESS's legal and structural components, setting the stage for a deeper dive into its financial performance in subsequent sections.

Key Highlights

  • 1Essex Property Trust, Inc. (ESS) operates as a Maryland-incorporated Real Estate Investment Trust (REIT).
  • 2The company's common stock is traded on the New York Stock Exchange (NYSE).
  • 3As of June 30, 2004, the aggregate market value of ESS's common stock held by non-affiliates was approximately $1.54 billion.
  • 4The filing incorporates by reference numerous exhibits, including agreements related to reorganization, property acquisitions, preferred stock issuances, stock incentive plans, and credit facilities, suggesting a history of active corporate and financial management.
  • 5The report lists various preferred stock series, including Series A Junior Participating, 7.8125% Series F Cumulative Redeemable, and others, indicating a diversified capital structure.
  • 6Key executives, including CEO Keith R. Guericke and COO Michael J. Schall, have signed the report, confirming its accuracy and completeness to the best of their knowledge.
  • 7The company has made disclosures regarding its subsidiaries and computations of financial ratios, providing transparency into its operational structure and financial health.

Frequently Asked Questions

This filing identifies Essex Property Trust, Inc. as a real estate investment trust (REIT). While this specific section (Exhibit Index) does not detail the specific properties or real estate segments, it outlines the corporate structure and governance, implying its core business revolves around real estate investment and operations.

The extensive list of incorporated exhibits, such as merger agreements, purchase agreements, credit facilities, and stock plans, indicates that Essex Property Trust has been actively engaged in significant corporate transactions, acquisitions, financing activities, and equity incentive programs. For investors, these exhibits provide insight into the company's strategic history, growth drivers, and the legal framework governing its operations.

The aggregate market value of non-affiliate shares (over $1.5 billion as of June 30, 2004) indicates the company's significant market capitalization and public float. This figure is crucial for investors to understand the scale of the company and its standing in the public markets.

Essex Property Trust has registered its Common Stock ($.0001 par value) and 7.8125% Series F Cumulative Redeemable Preferred Stock, $.0001 par value, both listed on the New York Stock Exchange. It also has rights to purchase Series A Junior Participating Preferred Stock, also listed on the NYSE. This indicates a mix of common and preferred equity in its capital structure.