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Profile - Essex Property Trust,Inc. (NYSE:ESS)
As of 31-Aug-2001
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Location
925 E. Meadow Drive
Palo Alto, CA 94303
Phone: (650) 494-3700
Fax: (650) 494-8743
Email: bheark@essexproperties.com
Employees (last reported count): 636
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Real Estate Operations
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 35%
·Over the last 6 months:
 · one insider buy; 1,000  shares
 · one insider sell; 4,000  shares
·Institutional: 82% (126% of float)
(220 institutions)
·Net Inst. Selling: 721.0K shares (+5.03%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Essex Property Trust, Inc. is a self-administered and self-managed equity real estate investment trust engaged in the ownership, acquisition, development and management of multifamily apartment communities. The Company's multifamily portfolio consists of ownership interests in 83 properties, 9,446 units of which are located in Southern California, 4,023 units of which are located in Northern California and 5,204 of which are located in the Pacific Northwest. The Company also has ownership interests in an office building located in Northern California that houses the Company's headquarters, and three retail shopping centers located in the Pacific Northwest. The Company and affiliated entities and joint ventures also have entered into commitments for the development of 1,349 units in five multifamily communities, two in Northern California and three in Southern California.
More from Market Guide: Expanded Business Description

Financial Summary
Essex Property Trust is a self-administered and self-managed REIT that is engaged in acquiring, refurbishing, leasing, managing and developing multifamily residential, retail and commercial properties. For the six months ended 6/30/01, revenues rose 23% to $101.2 million. Net income applicable to Common fell 1% to $22.6 million. Results reflect higher rental income due to property acquisitions, offset by the absence of $4 million in gains on the sale of real estate.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY1999 Compensation
PayExer

George Marcus, 58
Chairman of ther Board
--  --  
Keith Guericke, 51
Vice Chairman, Pres, CEO,
$550K--  
Michael Schall, 42
Sr. Exec. VP, CFO,
440K--  
John Eudy, 45
Exec. VP, Devel.
301K$303K
Craig Zimmerman, 49
Exec. VP, Acquisitions
280K135K
Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:ESSAs of 31-Aug-2001
Price and Volume
52-Week Low
on 16-Apr-2001
$42.28 
Recent Price$52.10 
52-Week High
on 19-Dec-2000
$57.75 
Beta0.13 
Daily Volume (3-month avg)56.8K
Daily Volume (10-day avg)50.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+5.9%
52-Week Change
relative to S&P500
+42.1%
Share-Related Items
Market Capitalization$962.5M
Shares Outstanding18.5M
Float12.0M
Dividends & Splits
Annual Dividend (indicated)$2.80 
Dividend Yield5.37%
Last Splitnone 
Per-Share Data
Book Value (mrq)$21.11 
Earnings (ttm)$2.33 
Earnings (mrq)$0.61 
Sales (ttm)$10.22 
Cash (mrq)$0.69 
Valuation Ratios
Price/Book (mrq)2.47 
Price/Earnings (ttm)22.33 
Price/Sales (ttm)5.10 
Income Statements
Sales (ttm)$197.9M
EBITDA (ttm)$140.3M
Income available to common (ttm)$44.0M
Profitability
Profit Margin (ttm)34.1%
Operating Margin (ttm)34.1%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)5.36%
Return on Equity (ttm)11.26%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)1.70 
Total Cash (mrq)$12.7M
Short Interest
As of 8-Aug-2001
Shares Short77.0K
Percent of Float0.6%
Shares Short
(Prior Month)
43.0K
Short Ratio1.51 
Daily Volume51.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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