SECdecoded Read filings, not jargon.

ESSEX PROPERTY TRUST, INC. FY 2025 10-K, explained in plain English

ESS · 10-K for the period ending December 31, 2025, filed February 20, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$9.4M
Gross margin— not reported
Operating income$899.3M
Net income— not reported
Diluted EPS$10.40
Cash & equivalents$76.2M
Total assets$13.2B
Long-term debt— not reported

Key takeaway

Essex Property Trust generated operating income of $899.3M and diluted EPS of $10.40 for fiscal 2025, supported by its West Coast apartment portfolio.

🔒 4 more takeaways in the full analysis

Beneath the surface

The reported 'Total revenue' of $9.381M and resulting 14,060% gross margin are clearly inconsistent with a company holding $13.2B in assets and $899M operating income, suggesting this line does not capture total consolidated revenue (likely a subset such as management or other fee income) and should not be used to assess profitability.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for ESS.

Read the full analysis free Free account · 5 full analyses included · no card required