Want to see ESS full AI Analyst Report?
Revenue by Segment
Highlights income from different business areas, showcasing which segments drive growth and profitability, and revealing strategic focus areas.Rental and Other Property revenue has grown steadily and accelerated recently—driven by same‑property rent gains, sticky renewals and high occupancy (notably Northern CA)—which underpins Essex’s FFO outperformance and funded opportunistic buybacks. Management/affiliate fees are immaterial and volatile, offering no meaningful earnings leverage. Near‑term risks that could blunt FFO conversion include Los Angeles and Seattle softness, slightly higher concessions, timing‑related expense normalization, and ~$90M of early structured‑finance redemptions, though the strong balance sheet and cap‑rate tailwinds support longer‑term value creation.
Date | Rental and Other Property | Management and Other Fees From Affiliates |
|---|---|---|
Jun 30, 2026 | $486.73M | $2.32M |
Mar 31, 2026 | $482.44M | $2.31M |
Dec 31, 2025 | $477.32M | $2.30M |
Sep 30, 2025 | $470.94M | $2.36M |
Jun 30, 2025 | $467.61M | $2.22M |
Mar 31, 2025 | $462.09M | $2.49M |
Dec 31, 2024 | $452.05M | $2.42M |
Sep 30, 2024 | $448.13M | $2.56M |
Jun 30, 2024 | $439.78M | $2.57M |
Mar 31, 2024 | $424.21M | $2.71M |