10-KPeriod: FY2006

ESSEX PROPERTY TRUST, INC. Annual Report, Year Ended Mar 14, 2006

Filed March 14, 2006For Securities:ESS

Summary

Essex Property Trust, Inc. (ESS) filed its 2005 Form 10-K on March 14, 2006, providing a comprehensive overview of its operations and financial standing as of December 31, 2005. As a real estate investment trust (REIT), ESS primarily focuses on the ownership, operation, management, and acquisition of multi-family apartment communities, with a significant presence in California and other Western U.S. markets. The filing indicates a company that is well-established and actively managed, with its common stock trading on the New York Stock Exchange. This annual report is crucial for investors seeking to understand the company's strategic direction, asset portfolio, and overall financial health for the fiscal year. Key aspects highlighted in the filing include ESS's status as a large accelerated filer, demonstrating its substantial market capitalization and reporting compliance. The company has registered various classes of preferred stock, alongside its common stock, on the NYSE, suggesting a diverse capital structure. The extensive exhibit index points to numerous agreements and plans related to its operations, financing, and governance, including significant amendments to its limited partnership agreements and credit facilities, indicating ongoing strategic and operational adjustments. Investors should pay close attention to the detailed information within the full 10-K, especially the financial statements and management's discussion and analysis, which are not fully detailed in this excerpt, to assess performance and future prospects.

Key Highlights

  • 1Essex Property Trust, Inc. is a large accelerated filer, indicating a significant market capitalization and robust reporting standards.
  • 2The company's securities, including common stock and several series of preferred stock, are listed on the New York Stock Exchange.
  • 3The 10-K filing covers the fiscal year ended December 31, 2005.
  • 4The extensive exhibit index suggests a complex structure with various agreements, including partnership agreements, credit facilities, and stock incentive plans.
  • 5The filing mentions 'Rights to purchase Series A Junior Participating' and specific series of Cumulative Redeemable Preferred Stock, indicating a multi-faceted capital structure.
  • 6The report details the company's principal executive offices located in Palo Alto, California.
  • 7Key management personnel, including the CEO, CFO, and Chairman of the Board, have signed the report, affirming its accuracy.

Frequently Asked Questions

Based on the filing context and common knowledge of real estate investment trusts, Essex Property Trust, Inc. is primarily engaged in the ownership, operation, management, and acquisition of multi-family apartment communities, particularly in Western U.S. markets like California.

Essex Property Trust, Inc.'s common stock and several series of preferred stock (including 7.8125% Series F Cumulative Redeemable Preferred Stock) and 'Rights to purchase Series A Junior Participating' are registered and traded on the New York Stock Exchange.

Being a 'large accelerated filer' means Essex Property Trust, Inc. meets specific thresholds for public float and reporting history, indicating a substantial market capitalization and a commitment to rigorous financial reporting and disclosure standards, which is generally positive for investor confidence.

The extensive list of exhibits, including various amendments to partnership agreements, credit facilities, stock plans, and registration rights agreements, suggests a dynamic and actively managed company with a complex operational and financial structure. It implies ongoing strategic activities, financing arrangements, and governance practices that investors should review for a comprehensive understanding.