10-KPeriod: FY2011

ESSEX PROPERTY TRUST, INC. Annual Report, Year Ended Dec 31, 2011

Filed February 27, 2012For Securities:ESS

Summary

Essex Property Trust, Inc. (ESS) filed its 10-K for the fiscal year ending December 31, 2011, on February 27, 2012. The report details the company's business operations as a real estate investment trust (REIT) primarily focused on the ownership, operation, management, acquisition, development, and redevelopment of multifamily residential properties. Investors should note the company's strategic focus on the West Coast, particularly California and the Seattle metropolitan area, which are identified as key markets with strong demographic trends supporting rental demand. The filing provides a comprehensive overview of ESS's financial condition and results of operations, including its property portfolio, market risks, and internal controls. While specific financial figures are not detailed in the provided table of contents, investors should pay close attention to Management's Discussion and Analysis (Item 7) and the Financial Statements (Item 8) for insights into revenue, expenses, profitability, debt levels, and overall financial health. The Risk Factors (Item 1A) section is crucial for understanding potential headwinds and challenges facing the company and its operating environment.

Financial Highlights

33 data points
Beta

Revenue

$467.44M

Net Income

$47.07M

10.1% Net Margin

EPS (Diluted)

$1.24

Total Assets

$4.04B

Cash & Equivalents

$12.89M

Free Cash Flow

$216.57M

Financial Statements
Beta
Revenue$467.44M
Operating Expenses$332.82M
Operating Income$134.62M
Interest Expense$91.69M
Net Income$47.07M
EPS (Basic)$1.24
EPS (Diluted)$1.24
Shares Outstanding (Basic)32.54M
Shares Outstanding (Diluted)32.63M

Key Highlights

  • 1Essex Property Trust operates as a REIT focused on multifamily residential properties.
  • 2The company's primary geographic focus is on the West Coast of the United States, including California and the Seattle metropolitan area.
  • 3The filing outlines the company's business strategy, property portfolio, and risk factors.
  • 4Key financial performance indicators will be found in the Financial Statements and Management's Discussion and Analysis sections.
  • 5Investors should review the Risk Factors to understand potential challenges and uncertainties.
  • 6The report covers corporate governance, executive compensation, and security ownership.
  • 7The 10-K provides information on the company's market for common equity and related stockholder matters.

Frequently Asked Questions

Essex Property Trust operates as a real estate investment trust (REIT) focused on owning, operating, managing, acquiring, developing, and redeveloping multifamily residential properties, primarily on the West Coast of the United States.

The company's core markets are located on the West Coast, with a significant concentration of properties in California and the Seattle metropolitan area.

Detailed financial performance information, including revenues, expenses, and profitability, can be found in Item 7 (Management's Discussion and Analysis of Financial Condition and Results of Operations) and Item 8 (Financial Statements and Supplementary Data) of the 10-K filing.

The main risks are detailed in Item 1A (Risk Factors) of the 10-K. These can include market risks related to rental demand, interest rate changes, economic downturns in its key geographic regions, and operational risks associated with property management and development.