10-QPeriod: Q3 FY2012

ESSEX PROPERTY TRUST, INC. Quarterly Report for Q3 Ended Sep 30, 2012

Filed November 5, 2012For Securities:ESS

Summary

Essex Property Trust, Inc. (ESS) has filed its quarterly report for the period ending September 30, 2012. As a large accelerated filer, the company's financial statements and management's discussion provide insights into its operational performance and financial health during the third quarter and the first nine months of 2012. Investors should note the company's ongoing operations and its position as a non-shell company, indicating established business activities. The filing includes unaudited condensed consolidated financial statements, allowing for a review of balance sheet, income, equity, and cash flow data for the specified periods. Management's discussion and analysis will further elaborate on the factors influencing the company's financial condition and results of operations.

Financial Highlights

31 data points
Beta

Revenue

$137.59M

Net Income

$17.59M

12.8% Net Margin

EPS (Diluted)

$0.45

Total Assets

$4.53B

Cash & Equivalents

$1.94M

Free Cash Flow

$89.94M

Financial Statements
Beta
Revenue$137.59M
Operating Expenses$94.89M
Operating Income$42.70M
Interest Expense$25.06M
Net Income$17.59M
EPS (Basic)$0.46
EPS (Diluted)$0.45
Shares Outstanding (Basic)35.60M
Shares Outstanding (Diluted)35.70M

Key Highlights

  • 1Essex Property Trust, Inc. (ESS) is a large accelerated filer, indicating significant public float and market capitalization.
  • 2The company has filed all required reports for the preceding 12 months and has been subject to such filing requirements for the past 90 days.
  • 3ESS has submitted and posted all Interactive Data Files required by Rule 405 of Regulation S-T for the preceding 12 months.
  • 4The filing contains unaudited condensed consolidated financial statements for the periods ending September 30, 2012, and comparative data from December 31, 2011 (Balance Sheets) and for the three and nine months ended September 30, 2012 and 2011 (Statements of Operations and Comprehensive Income).
  • 5Condensed Consolidated Statements of Equity and Cash Flows for the nine months ended September 30, 2012, are also included.
  • 6Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is a key section for investors to understand the company's performance drivers.
  • 7The report includes disclosures on Market Risks and Controls and Procedures, as well as information on Legal Proceedings and Risk Factors.

Frequently Asked Questions

Essex Property Trust, Inc. is a real estate investment trust (REIT) that owns, operates, and develops multifamily residential properties. While this specific filing doesn't detail the portfolio, its status as a large accelerated filer and focus on financial statements suggests it's an established player in the real estate sector.

This filing covers the quarterly period ended September 30, 2012. It includes unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2012, and comparative data for the same periods in 2011, as well as balance sheet information as of September 30, 2012, and December 31, 2011.

Investors should pay close attention to Item 2, 'Management's Discussion and Analysis of Financial Condition and Results of Operations.' This section provides management's perspective on the company's financial trends, significant events, and future outlook. Additionally, the financial statements themselves and the notes thereto offer crucial data.

Item 1 of Part II, 'Legal Proceedings,' would contain information regarding any significant legal matters. Investors should review this section for any developments that could materially impact the company's financial standing or operations.