{
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  "organisationId": "O-5775c61c55634d04a7468cbfadf73cd3",
  "slug": "essex-property-trust",
  "name": "ESSEX PROPERTY TRUST, INC.",
  "updatedAt": "2026-09-28T12:11:27.748725Z",
  "sections": [
    {
      "type": "OVERVIEW",
      "text": "Essex Property Trust, Inc. is a self-managed real estate investment trust (REIT) focused on apartment communities along the U.S. West Coast. Its core business is owning and operating apartments, as well as acquiring, developing and redeveloping communities. Its principal markets are Southern California, Northern California and the Seattle metropolitan area. [P95647543][P61065038]\n\nEssex states that its mission is “to create quality communities in premier locations.” At year-end 2025, it held interests in 259 operating communities comprising 63,077 apartment homes. It reported approximately $1.89 billion in annual revenue and employed 1,689 people. [P117357451][P61065038][T8329274][P41374875]\n[P95647543][P61065038][P117357451][T8329274][P41374875]",
      "updatedAt": "2026-09-28T12:11:27.748725Z"
    },
    {
      "type": "PRODUCTS",
      "text": "Essex Property Trust’s principal product is rental housing offered through its Essex Apartment Homes communities. Its apartment layouts include studios, one- and two-bedroom homes, as well as some three-bedroom homes. The portfolio includes garden-style, mid-rise and high-rise properties; amenities vary by community and can include covered parking, swimming pools, fitness facilities, playgrounds and dog parks. [P27118602][https://www.essexapartmenthomes.com/]\n\nThe company also provides property-management and resident services. Prospective renters can browse floor plans and availability, arrange tours and apply online. The Essex Resident app supports rent and utility payments, maintenance requests and access to lease documents. [P34214132][https://www.essexapartmenthomes.com/][https://apps.apple.com/us/app/essex-resident/id6450043800] In 2024, rental and other property revenue accounted for approximately 99.4% of total revenue; that reported category does not isolate apartment rent from other property revenue. [T11907243]\n[P27118602][P34214132][T11907243][T11907243][https://www.essexapartmenthomes.com/][https://apps.apple.com/us/app/essex-resident/id6450043800]",
      "updatedAt": "2026-09-28T12:11:27.748725Z"
    },
    {
      "type": "GEOGRAPHY",
      "text": "Essex Property Trust’s apartment portfolio is concentrated in three U.S. regions: Southern California, Northern California—including the San Francisco Bay Area—and the Seattle metropolitan area. At year-end 2025, its portfolio, including unconsolidated joint ventures, comprised 63,077 apartment homes: 26,265 in Southern California, 24,154 in Northern California and 12,658 in Seattle Metro. [https://www.sec.gov/Archives/edgar/data/1053059/000092052226000003/ess-20251231.htm]\n\nIn 2025, Southern California generated $763.1 million of rental and other property revenue, Northern California $760.8 million, and Seattle Metro $313.4 million—approximately 40.6%, 40.5% and 16.7%, respectively, of the reported $1.88 billion total, which also included other real estate assets. Essex’s principal executive office is in San Mateo, California. [https://www.sec.gov/Archives/edgar/data/1053059/000092052226000003/ess-20251231.htm]\n[P34586305][T8329274][https://www.sec.gov/Archives/edgar/data/1053059/000092052226000003/ess-20251231.htm]",
      "updatedAt": "2026-09-28T12:11:27.748725Z"
    },
    {
      "type": "SEGMENTS",
      "text": "Essex Property Trust reports three geographic operating segments: Southern California, Northern California and Seattle Metro. Each focuses on apartment properties in its respective region; the company evaluates segment performance using property revenue and net operating income (NOI). [P44624511][https://www.sec.gov/Archives/edgar/data/1053059/000092052226000003/ess-20251231.htm]\n\nIn 2025, Southern California contributed approximately 41% of reported property revenue, Northern California 41%, and Seattle Metro 17%. “Other real estate assets” accounted for the remaining 2% and is presented separately, rather than as a fourth named geographic segment. The segments’ shares of NOI were similar: approximately 41%, 40% and 17%, respectively, with other real estate assets contributing about 3%. [https://www.sec.gov/Archives/edgar/data/1053059/000092052226000003/ess-20251231.htm]\n[P44624511][T8329274][https://www.sec.gov/Archives/edgar/data/1053059/000092052226000003/ess-20251231.htm]",
      "updatedAt": "2026-09-28T12:11:27.748725Z"
    },
    {
      "type": "HISTORY",
      "text": "Essex traces its origins to 1971, and George M. Marcus is identified as its founder. The company went public in June 1994, pricing its initial offering at $19.50 per share. In 2002, it expanded through a merger with John M. Sachs, Inc., whose real estate portfolio was valued at approximately $301 million. [https://www.sec.gov/Archives/edgar/data/920522/000092052204000047/exh99-1.htm][https://www.mmcrealestate.com/executive-team][https://www.sec.gov/Archives/edgar/data/920522/000092052202000006/exh99-1.htm]\n\nMichael J. Schall succeeded Keith R. Guericke as president and chief executive officer in January 2011. Essex completed its merger with BRE Properties on April 1, 2014, a major expansion of its apartment portfolio. [https://www.sec.gov/Archives/edgar/data/920522/000114036110043498/form8k.htm][https://www.sec.gov/Archives/edgar/data/920522/000114036114015094/ex99_1.htm]\n[https://www.sec.gov/Archives/edgar/data/920522/000092052204000047/exh99-1.htm][https://www.mmcrealestate.com/executive-team][https://www.sec.gov/Archives/edgar/data/920522/000092052202000006/exh99-1.htm][https://www.sec.gov/Archives/edgar/data/920522/000114036110043498/form8k.htm][https://www.sec.gov/Archives/edgar/data/920522/000114036114015094/ex99_1.htm]",
      "updatedAt": "2026-09-28T12:11:27.748725Z"
    }
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