GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Essex Property Trust Inc (NYSE:ESS) » Definitions » Net Margin %

ESS (Essex Property Trust) Net Margin % : 26.28% (As of Sep. 2024)


View and export this data going back to 1994. Start your Free Trial

What is Essex Property Trust Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Essex Property Trust's Net Income for the three months ended in Sep. 2024 was $118 Mil. Essex Property Trust's Revenue for the three months ended in Sep. 2024 was $451 Mil. Therefore, Essex Property Trust's net margin for the quarter that ended in Sep. 2024 was 26.28%.

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

ESS' s Net Margin % Range Over the Past 10 Years
Min: 12.58   Med: 28.98   Max: 38.03
Current: 31.55


ESS's Net Margin % is ranked worse than
54.26% of 916 companies
in the REITs industry
Industry Median: 36.24 vs ESS: 31.55

Essex Property Trust Net Margin % Historical Data

The historical data trend for Essex Property Trust's Net 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 Net Margin % Chart

Essex Property Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.08 38.03 33.91 25.41 24.31

Essex Property Trust Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Margin % Get a 7-Day Free Trial 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 20.82 15.50 63.88 21.00 26.28

Competitive Comparison of Essex Property Trust's Net Margin %

For the REIT - Residential subindustry, Essex Property Trust's Net Margin %, along with its competitors' market caps and Net 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's Net Margin % Distribution in the REITs Industry

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

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



Essex Property Trust Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Essex Property Trust's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=405.825/1669.395
=24.31 %

Essex Property Trust's Net Margin for the quarter that ended in Sep. 2024 is calculated as

Net Margin=Net Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=118.424/450.698
=26.28 %

* 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.


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

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Essex Property Trust Net Margin % Related Terms

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


Essex Property Trust Business Description

Traded in Other Exchanges
Address
1100 Park Place, Suite 200, San Mateo, CA, USA, 94403
Essex Property Trust owns a portfolio of 254 apartment communities with over 62,000 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
Amal M Johnson director C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085
Anne Morrison officer: SVP - General Counsel C/O ESSEX PROPERTY TRUST, INC., 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Angela L. Kleiman officer: Executive Vice President & CFO 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Keith R Guericke director, officer: Vice Chairman, President & CEO C/O ESSEX PROPERTY TRUST, 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Thomas E Robinson 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
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
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