ESSEX PROPERTY TRUST, INC. ESS Balance Sheet

Essex property trust, inc. (ESS)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
ASSETS
Real estate:
Rental properties:
Land and land improvements
2,983	2,773	2,766	2,778	2,727	2,701	2,710	2,710	2,719	2,719	2,719	2,719	2,719	2,559	2,573	2,573	2,573	2,522	2,566	2,569	2,505	2,424	2,453	2,354	1,354	1,083	1,057	1,054	1,054	1,003	934	901	865	860	836	823	819	802	747	689	684
Buildings and improvements
12,263	11,264	11,180	11,007	10,844	10,664	10,744	10,693	10,657	10,643	10,585	10,536	10,492	10,116	10,139	10,096	10,052	9,808	9,753	9,700	9,332	8,819	8,820	8,517	5,286	4,360	4,237	4,194	4,167	4,030	3,823	3,702	3,477	3,452	3,331	3,259	3,340	3,162	3,025	2,761	2,727
Total rental properties
15,246	14,038	13,947	13,786	13,572	13,366	13,454	13,403	13,376	13,362	13,304	13,255	13,211	12,676	12,713	12,670	12,626	12,331	12,320	12,269	11,837	11,244	11,273	10,872	6,640	5,443	5,294	5,248	5,221	5,033	4,757	4,604	4,343	4,313	4,167	4,082	4,160	3,964	3,772	3,451	3,412
Less: accumulated depreciation
3,818	3,689	3,567	3,447	3,329	3,209	3,113	2,992	2,888	2,769	2,651	2,534	2,418	2,311	2,269	2,159	2,051	1,949	1,858	1,758	1,658	1,564	1,469	1,384	1,300	1,254	1,214	1,173	1,127	1,081	1,037	995	954	920	883	845	914	775	842	811	749
Real Estate Investment Property, Net
11,428	10,348	10,379	10,338	10,242	10,156	10,341	10,411	10,488	10,592	10,653	10,721	10,792	10,364	10,443	10,510	10,574	10,381	10,462	10,510	10,179	9,679	9,803	9,487	5,339	4,188	4,080	4,074	4,094	3,952	3,720	3,609	3,389	3,393	3,284	3,237	3,245	3,189	2,929	2,640	2,663
Real estate under development
435	546	562	542	497	454	403	343	395	355	313	263	239	190	170	157	145	242	226	220	339	429	363	422	308	50	45	70	65	66	60	55	45	44	145	191	204	217	239	331	274
Co-investments
997	1,335	1,413	1,324	1,307	1,300	1,267	1,291	1,290	1,155	1,124	1,081	1,071	1,161	1,122	1,103	1,069	1,036	1,036	1,044	1,057	1,042	1,043	964	716	677	674	618	579	571	477	436	401	383	275	197	133	107	108	137	70
Real estate held for sale, net
-	-	-	-	-	-	-	-	-	-	0	3	0	101	0	0	0	26	8	0	0	56	107	107	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total real estate
12,861	12,230	12,355	12,204	12,047	11,911	12,012	12,046	12,175	12,104	12,091	12,068	12,103	11,818	11,737	11,771	11,790	11,686	11,733	11,776	11,575	11,207	11,318	10,982	6,364	4,916	4,800	4,763	4,739	4,590	4,257	4,100	3,836	3,820	3,705	3,626	3,583	3,514	3,278	3,109	3,009
Cash and cash equivalents-unrestricted
271	70	74	38	107	134	157	160	121	44	46	183	84	64	195	182	48	29	35	30	219	25	17	17	19	18	9	20	30	18	1	4	13	12	9	8	97	13	14	8	20
Cash and cash equivalents-restricted
10	11	17	16	17	16	17	16	17	16	16	15	15	105	15	32	32	93	36	34	36	70	70	29	28	35	46	25	24	23	24	23	23	22	23	24	23	21	21	19	17
Marketable securities, net of allowance for credit losses of $13.6 million and zero as of March 31, 2020 and December 31, 2019, respectively
148	144	216	215	211	209	210	207	197	190	184	151	138	139	153	152	138	137	133	121	128	117	108	106	100	90	89	88	80	92	141	114	80	74	75	75	74	92	95	92	134
Financing Receivable, after Allowance for Credit Loss
34	134	216	74	71	71	69	68	70	100	121	54	50	40	22	20	18	19	22	25	28	24	22	66	36	68	67	110	11	66	50	50	48	66	51	49	49	49	55	55	36
Operating lease right-of-use assets
74	74	75	76	76	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquired in-place lease value, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	25	37	47	98	-	-	33	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
49	40	41	45	46	39	50	56	60	39	51	49	53	48	51	47	39	41	38	31	25	33	-	113	54	-	49	27	28	35	36	26	21	22	22	25	22	25	22	25	21
Deferred charges, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	-	31	31	29	24	22	23	20	20	21	18	17	17	17	15	15	15	14	13	14
Total assets
13,450	12,705	12,997	12,671	12,578	12,383	12,518	12,555	12,642	12,495	12,512	12,524	12,447	12,217	12,177	12,206	12,067	12,008	12,012	12,045	12,085	11,526	11,666	11,348	6,633	5,186	5,085	5,058	4,936	4,847	4,534	4,339	4,051	4,036	3,905	3,825	3,866	3,732	3,503	3,324	3,254
LIABILITIES AND EQUITY/CAPITAL
Unsecured debt, net
5,258	4,763	4,686	4,294	4,293	3,799	3,798	3,798	3,797	3,501	3,501	3,540	3,195	3,246	3,375	3,377	2,936	3,088	3,090	3,093	3,113	2,603	2,745	2,748	1,410	1,410	1,409	1,409	1,112	1,112	962	615	465	465	265	265	150	0	-	-	-
Mortgage notes payable, net
887	990	1,141	1,429	1,441	1,806	1,834	1,890	1,921	2,008	2,111	2,122	2,231	2,191	2,209	2,240	2,252	2,215	2,224	2,247	2,322	2,234	2,258	2,250	1,408	1,404	1,495	1,511	1,559	1,565	1,571	1,615	1,724	1,745	1,750	1,779	1,811	1,832	1,711	1,639	1,603
Lines of credit
350	55	220	117	0	0	0	2	0	179	2	0	176	125	0	0	164	15	2	28	0	242	222	66	135	219	15	4	102	141	61	257	153	150	244	210	409	426	348	264	239
Exchangeable bonds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	3	4
Accounts payable and accrued liabilities
193	158	193	140	180	127	185	132	179	127	222	139	184	138	185	145	170	131	177	146	162	135	167	132	83	67	83	76	86	64	76	62	62	48	63	49	54	44	57	41	38
Construction payable
50	48	53	59	60	59	63	58	48	51	59	47	35	35	34	38	36	40	26	26	28	30	38	34	7	8	6	7	8	5	4	3	3	6	10	11	10	9	9	14	10
Dividends/Distributions payable
142	135	135	134	134	128	128	129	129	121	121	121	120	110	110	110	111	100	99	99	98	88	87	86	1	50	50	50	50	45	44	43	42	39	39	37	36	36	35	34	33
Operating lease liabilities
76	76	77	78	79	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions in excess of investments in co-investments
-	-	-	-	-	-	0	0	0	36	36	36	35	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	3	1	6	6	7	6	2	3	1	1	3	5	71	72	30
Other Liabilities
41	36	36	35	33	33	33	33	33	33	33	33	34	32	34	34	34	34	34	34	33	32	32	32	22	24	22	22	22	22	20	20	20	20	20	20	19	18	18	17	16
Cumulative redeemable 7.125% Series H preferred stock at liquidation value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
7,000	6,264	6,543	6,289	6,223	5,954	6,045	6,044	6,109	6,059	6,088	6,041	6,013	5,880	5,949	5,947	5,780	5,625	5,656	5,676	5,759	5,367	5,551	5,352	3,071	3,184	3,087	3,084	2,947	2,962	2,749	2,624	2,473	2,478	2,394	2,374	2,494	2,373	2,254	2,087	1,976
Commitments and contingencies
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	0	0	-	-	-	-	-
Redeemable Noncontrolling Interest, Equity, Carrying Amount
32	37	39	36	37	35	36	36	41	39	40	45	45	44	44	44	46	45	24	23	24	23	21	23	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cumulative convertible Series G preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4
Equity/Capital:
Common stock; $.0001 par value, 670,000,000 shares authorized; 65,412,355 and 66,091,954 shares issued and outstanding, respectively
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cumulative redeemable 7.125% Series H preferred stock at liquidation value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	73	73	73	73	73	73	73	73	73	73	73	73	73	73	73	73	73	73	-	25	25	25	25	25
Excess Stock, $.0001 par value, 330,000,000 shares authorized and no shares issued or outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	0
Additional paid-in capital
6,959	7,121	7,131	7,031	7,028	7,093	7,133	7,131	7,127	7,129	7,111	7,131	7,035	7,029	7,024	7,017	7,010	7,003	6,980	6,941	6,848	6,651	6,569	6,414	2,505	2,345	2,330	2,331	2,329	2,204	2,116	2,017	1,877	1,844	1,776	1,687	1,555	1,515	1,379	1,324	1,275
Distributions in excess of accumulated earnings
708	887	887	857	822	812	808	766	743	833	821	785	741	805	896	856	824	797	782	731	684	650	608	575	498	474	461	484	464	444	448	425	422	408	386	359	338	313	285	260	222
General Partner:
Limited Partners:
Accumulated other comprehensive loss, net
-22	-13	-19	-18	-14	-13	-8	-11	-14	-18	-24	-28	-29	-32	-40	-43	-44	-42	-50	-50	-50	-51	-51	-53	-56	-60	-62	-62	-68	-69	-76	-72	-70	-72	-75	-74	-77	-77	-79	-68	-24
Total stockholders' equity
6,228	6,220	6,225	6,154	6,191	6,267	6,316	6,354	6,368	6,277	6,265	6,316	6,264	6,192	6,088	6,118	6,141	6,237	6,221	6,234	6,186	6,022	5,983	5,858	2,023	1,884	1,880	1,858	1,870	1,764	1,665	1,593	1,457	1,437	1,388	1,326	1,164	1,149	1,038	1,019	1,053
Noncontrolling interest
189	183	189	190	125	126	119	120	123	119	118	121	124	100	95	96	99	99	110	110	114	113	110	113	1,533	113	113	111	113	115	115	117	115	116	117	119	203	205	206	213	220
Total equity
6,417	6,403	6,415	6,345	6,317	6,393	6,436	6,474	6,492	6,396	6,383	6,438	6,389	6,292	6,183	6,215	6,241	6,337	6,331	6,344	6,300	6,136	6,093	5,972	3,557	1,998	1,993	1,970	1,984	1,880	1,781	1,710	1,573	1,553	1,506	1,446	1,367	1,355	1,244	1,232	1,273
Total liabilities and equity/capital
13,450	12,705	12,997	12,671	12,578	12,383	12,518	12,555	12,642	12,495	12,512	12,524	12,447	12,217	12,177	12,206	12,067	12,008	12,012	12,045	12,085	11,526	11,666	11,348	6,633	5,186	5,085	5,058	4,936	4,847	4,534	4,339	4,051	4,036	3,905	3,825	3,866	3,732	3,503	3,324	3,254
Essex Portfolio, L.P.
Land and land improvements
2,983	2,773	2,766	2,778	2,727	2,701	2,710	2,710	2,719	2,719	2,719	2,719	2,719	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Buildings and improvements
12,263	11,264	11,180	11,007	10,844	10,664	10,744	10,693	10,657	10,643	10,585	10,536	10,492	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total rental properties
15,246	14,038	13,947	13,786	13,572	13,366	13,454	13,403	13,376	13,362	13,304	13,255	13,211	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: accumulated depreciation
3,818	3,689	3,567	3,447	3,329	3,209	3,113	2,992	2,888	2,769	2,651	2,534	2,418	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real Estate Investment Property, Net
11,428	10,348	10,379	10,338	10,242	10,156	10,341	10,411	10,488	10,592	10,653	10,721	10,792	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate under development
435	546	562	542	497	454	403	343	-	355	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Co-investments
997	1,335	1,413	1,324	1,307	1,300	1,267	1,291	1,290	1,155	1,124	1,081	1,071	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total real estate
12,861	12,230	12,355	12,204	12,047	11,911	12,012	12,046	12,175	12,104	12,091	12,068	12,103	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents-unrestricted
271	70	74	38	107	134	157	160	121	44	46	183	84	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents-restricted
10	11	17	16	17	16	17	16	17	16	16	15	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketable securities, net of allowance for credit losses of $13.6 million and zero as of March 31, 2020 and December 31, 2019, respectively
148	144	216	215	211	209	210	207	197	190	184	151	138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing Receivable, after Allowance for Credit Loss
34	134	216	74	71	71	69	68	70	100	121	54	50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use assets
74	74	75	76	76	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
49	40	41	45	46	39	50	56	60	39	51	49	53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	-	-	-	-	-	-	-	-
Total assets
13,450	12,705	12,997	12,671	12,578	12,383	12,518	12,555	12,642	12,495	12,512	12,524	12,447	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsecured debt, net
5,258	4,763	4,686	4,294	4,293	3,799	3,798	3,798	3,797	3,501	3,501	3,540	3,195	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage notes payable, net
887	990	1,141	1,429	1,441	1,806	1,834	1,890	1,921	2,008	2,111	2,122	2,231	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lines of credit
350	55	220	117	0	0	0	2	0	179	2	0	176	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued liabilities
193	158	193	140	180	127	185	132	179	127	222	139	184	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction payable
50	48	53	59	60	59	63	58	48	51	59	47	35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends/Distributions payable
142	135	135	134	134	128	128	129	129	121	121	121	120	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
76	76	77	78	79	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Liabilities
41	36	36	35	33	33	33	33	33	33	33	33	34	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
7,000	6,264	6,543	6,289	6,223	5,954	6,045	6,044	6,109	6,059	6,088	6,041	6,013	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redeemable Noncontrolling Interest, Equity, Carrying Amount
32	37	39	36	37	35	36	36	41	39	40	45	45	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common equity (65,412,355 and 66,091,954 units issued and outstanding, respectively)
6,250	6,234	6,244	6,173	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common equity (2,296,043 and 2,301,653 units issued and outstanding, respectively)
63	57	57	57	58	59	51	52	-	49	6,290	6,345	6,293	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated other comprehensive loss, net
-19	-10	-15	-15	-11	-9	-4	-7	-11	-15	-21	-25	-27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total partners' capital
6,294	6,281	6,285	6,215	6,253	6,329	6,371	6,410	6,425	6,330	6,318	6,369	6,318	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interest
123	122	129	129	63	64	64	64	66	66	65	68	70	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Partners' Capital, Including Portion Attributable to Noncontrolling Interest
6,417	6,403	6,415	6,345	6,317	6,393	6,436	6,474	6,492	6,396	6,383	6,438	6,389	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and equity/capital
13,450	12,705	12,997	12,671	12,578	12,383	12,518	12,555	12,642	12,495	12,512	12,524	12,447	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Essex Portfolio, L.P. [Member]
Development in Process
-	-	-	-	-	-	-	-	395	-	313	263	239	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate held for sale, net
-	-	-	-	-	-	-	-	-	-	0	3	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions in excess of investments in co-investments
-	-	-	-	-	-	0	0	0	36	36	36	35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common equity (66,002,487 and 65,527,993 units issued and outstanding, respectively)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common equity (2,273,413 and 2,268,114 units issued and outstanding, respectively)
-	-	-	-	-	-	-	-	53	-	49	50	51	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-