8-KOther EventsExhibits & Filings

ESSEX PROPERTY TRUST, INC. 8-K Report, Corporate Update (Feb 7, 2013)

Filed February 7, 2013For Securities:ESS

Summary

Essex Property Trust, Inc. (ESS) has filed a Current Report on Form 8-K to re-issue its historical consolidated financial statements for the year ended December 31, 2011. This re-issuance is primarily to comply with SEC requirements related to an expected registration statement. The revisions involve the presentation of discontinued operations for two properties sold in 2012 and the adoption of new accounting standards for the presentation of comprehensive income.

Key Highlights

  • 1Essex Property Trust is re-issuing its 2011 financial statements to comply with SEC registration statement requirements.
  • 2The re-issued financial statements include updated presentation for discontinued operations related to two properties sold in 2012.
  • 3The company is also updating its financial statements to reflect new accounting standards for the presentation of comprehensive income (FASB ASU 2011-05).
  • 4The filing specifically updates Items 6, 7, and 8 of the company's prior Form 10-K/A filing.
  • 5The updated financial information is provided as Exhibit 99.1 to the 8-K.
  • 6This filing does not update information to reflect developments after December 31, 2011, except as expressly noted.

Frequently Asked Questions

The company is re-issuing its 2011 financial statements to satisfy SEC requirements related to an upcoming registration statement. This involves ensuring prior period financial statements are appropriately revised before filing such a statement, especially when accounting changes have a material impact.

The primary changes are the presentation of discontinued operations for two properties sold in 2012 and the adoption of new accounting standards for the presentation of comprehensive income, as required by FASB ASU 2011-05.

No, this filing primarily re-issues historical financial statements for the year ended December 31, 2011. Except for the specific revisions mentioned (discontinued operations and comprehensive income presentation), the information has not been updated to reflect any developments since December 31, 2011.