GURUFOCUS.COM » STOCK LIST » USA » NYSE » Essex Property Trust Inc (NYSE:ESS) » Definitions » Gross Margin %
Switch to:

Essex Property Trust Gross Margin %

: 69.07% (As of Jun. 2022)
View and export this data going back to 1994. Start your Free Trial

Gross Margin % is calculated as gross profit divided by its revenue. Essex Property Trust's Gross Profit for the three months ended in Jun. 2022 was $276 Mil. Essex Property Trust's Revenue for the three months ended in Jun. 2022 was $400 Mil. Therefore, Essex Property Trust's Gross Margin % for the quarter that ended in Jun. 2022 was 69.07%.


The historical rank and industry rank for Essex Property Trust's Gross Margin % or its related term are showing as below:

ESS' s Gross Margin % Range Over the Past 10 Years
Min: 66.58   Med: 68.91   Max: 70.51
Current: 67.33


During the past 13 years, the highest Gross Margin % of Essex Property Trust was 70.51%. The lowest was 66.58%. And the median was 68.91%.

ESS's Gross Margin % is ranked worse than
53.93% of 649 companies
in the REITs industry
Industry Median: 68.66 vs ESS: 67.33

Essex Property Trust had a gross margin of 69.07% for the quarter that ended in Jun. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Essex Property Trust was -0.90% per year.


Essex Property Trust Gross Margin % Historical Data

The historical data trend for Essex Property Trust's Gross Margin % 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.

* Premium members only.

Essex Property Trust Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 70.27 70.26 70.51 68.25 66.58

Essex Property Trust Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 66.78 65.72 67.43 66.94 69.07

Competitive Comparison

For the REIT - Residential subindustry, Essex Property Trust's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Essex Property Trust Gross Margin % Distribution

For the REITs industry and Real Estate sector, Essex Property Trust's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Essex Property Trust's Gross Margin % falls into.



Essex Property Trust Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Essex Property Trust's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=959.1 / 1440.556
=(Revenue - Cost of Goods Sold) / Revenue
=(1440.556 - 481.447) / 1440.556
=66.58 %

Essex Property Trust's Gross Margin for the quarter that ended in Jun. 2022 is calculated as


Gross Margin % (Q: Jun. 2022 )=Gross Profit (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=276.3 / 399.978
=(Revenue - Cost of Goods Sold) / Revenue
=(399.978 - 123.696) / 399.978
=69.07 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Essex Property Trust  (NYSE:ESS) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Essex Property Trust had a gross margin of 69.07% for the quarter that ended in Jun. 2022 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Essex Property Trust Gross Margin % Related Terms

Thank you for viewing the detailed overview of Essex Property Trust's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Essex Property Trust Business Description

Essex Property Trust logo
Address
1100 Park Place, Suite 200, San Mateo, CA, USA, 94403
Essex Property Trust owns a portfolio of 253 apartment communities with over 62,000 units and is developing three additional properties with 571 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
Pak Barbara officer: Executive Vice President & CFO C/O ESSEX PROPERTY TRUST, INC. 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403
Hawthorne Maria R director 701 WESTERN AVENUE GLENDALE CA 91201
Berry Adam W officer: Co-Chief Investment Officer C/O ESSEX PROPERTY TRUST, INC. 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403
Kasaris Mary director C/O ESSEX PROPERTY TRUST, INC. 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403
Johnson Amal M director C/O MELLANOX TECHNOLOGIES, INC. 350 OAKMEAD PARKWAY, SUITE 100 SUNNYVALE CA 94085
Farias John officer: Group Vice President and CAO C/O ESSEX PROPERTY TRUST, INC 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403
Kleiman Angela L. officer: Executive Vice President & CFO 1100 PARK PLACE SUITE 200 SAN MATEO CA 94403
Robinson Thomas E director 309 GARRISON FOREST ROAD OWNINGS MILLS MD 21117
Lyons Irving F Iii director C/O ESSEX PROPERTY TRUST, INC. 925 E. MEADOW DRIVE PALO ALTO CA 94303
Sullivan Thomas P. director 525 MARKET STREET, 4TH FLOOR SAN FRANCISCO CA 94133
Scordelis Byron A director
Zinngrabe Claude J. Jr. director 925 EAST MEADOW DRIVE PALO ALTO CA 94303
Sears Janice L. director 1100 PARK PLACE SUITE 200 SAN MATEO CA 94403
Alexander Erik J. officer: Senior Vice President 925 EAST MEADOW DRIVE PALO ALTO CA 94303
Burkart John F. officer: Executive Vice President C/O ESSEX PROPERTY TRUST INC. 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403

Essex Property Trust Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)