Essex Property Trust (Essex Property Trust) Interest Expense

: $-213 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Essex Property Trust's interest expense for the three months ended in Dec. 2023 was $ -55 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-213 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Essex Property Trust's Operating Income for the three months ended in Dec. 2023 was $ 131 Mil. Essex Property Trust's Interest Expense for the three months ended in Dec. 2023 was $ -55 Mil. Essex Property Trust's Interest Coverage for the quarter that ended in Dec. 2023 was 2.38. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Essex Property Trust Interest Expense Historical Data

The historical data trend for Essex Property Trust's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Essex Property Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-217.34

-220.63

-203.13

-223.84

-212.91

Essex Property Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-39.77	-51.05	-52.60	-54.16	-55.10

Essex Property Trust Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-213 Mil.

Essex Property Trust (NYSE:ESS) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Essex Property Trust's Interest Expense for the three months ended in Dec. 2023 was $-55 Mil. Its Operating Income for the three months ended in Dec. 2023 was $131 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $6,271 Mil.

Essex Property Trust's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	131.101	/	-55.099
	=	2.38

The higher the ratio, the stronger the company's financial strength is.

Essex Property Trust (Essex Property Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Essex Property Trust Inc (NYSE:ESS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

1100 Park Place, Suite 200, San Mateo, CA, USA, 94403

Website

http://www.essex.com

Essex Property Trust owns a portfolio of 252 apartment communities with over 62,000 units and is developing another property with 264 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.

Executives

Anne Morrison	officer: SVP - General Counsel	C/O ESSEX PROPERTY TRUST, INC., 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Amal M Johnson	director	C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085
Angela L. Kleiman	officer: Executive Vice President & CFO	1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Michael J Schall	director, officer: Sr. Exec. Vice President & CFO	C/O ESSEX PROPERTY TRUST, 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Adam W Berry	officer: Co-Chief Investment Officer	C/O ESSEX PROPERTY TRUST, INC., 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Barbara Pak	officer: Executive Vice President & CFO	C/O ESSEX PROPERTY TRUST, INC., 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
John Farias	officer: Group Vice President and CAO	C/O ESSEX PROPERTY TRUST, INC, 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Lyons Irving F Iii	director	C/O ESSEX PROPERTY TRUST, INC., 925 E. MEADOW DRIVE, PALO ALTO CA 94303
Thomas E Robinson	director	309 GARRISON FOREST ROAD, OWNINGS MILLS MD 21117
Byron A Scordelis	director
Maria R Hawthorne	director	701 WESTERN AVENUE, GLENDALE CA 91201
John F. Burkart	officer: Executive Vice President	C/O ESSEX PROPERTY TRUST INC., 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Craig K Zimmerman	officer: Executive Vice President	C/O ESSEX PROPERTY TRUST, 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Janice L. Sears	director	1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
John D Eudy	officer: Executive Vice President	C/O ESSEX PROPERTY TRUST, 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403