Essex Property Trust, Inc. · NYSE:ESS
Essex Property Trust — Q1 2025 Earnings Presentation
5 slides from Essex Property Trust's earnings presentation, Apr 30, 2025
Slide 1: First Quarter 2025 Credit Update
One Hundred Grand 166 Apartment Homes Foster City, CA FIRST QUARTER 2025 CREDIT UPDATE
Slide 2: Selected Ratios & Credit Ratings
SELECTED RATIOS & CREDIT RATINGS Public Bond Covenants(1) & Selected Credit Ratios Q1 ’25 Q4 ’24 Q3 ’24 Q2 ’24 Q1 ’24 Covenant Debt to Total Assets 35% 35% 34% 34% 35% < 65% Secured Debt to Total Assets 5% 5% 5% 5% 5% < 40% Interest Coverage 532% 540% 547% 552% 561% > 150% Unsecured Debt Ratio (2) 2
Slide 3: First Quarter 2025 Highlights and 2025 Guidance
FIRST QUARTER 2025 HIGHLIGHTS AND 2025 GUIDANCE ▪ Reported Net Income per diluted share for the first quarter of 2025 of $3.16, compared to $4.25 in the first quarter of 2024. The decrease is largely attributable to gains on remeasurement of co-investments and gains on legal settlements recognized i
Slide 4: Capital Structure & Liquidity Profile
CAPITAL STUCTURE & LIQUIDITY PROFILE $27.2 Billion Total Market Capitalization (1) Debt Composition (1) (2) Secured Credit Secured Debt Facility Fixed Rate 3% 0% Secured 9% Variable Rate Unsecured 5% Debt 22% Unsecured Term Loan 4% Credit Facility 0% Unsecured Equity Bonds 75% 82% Secured Liquidity
Slide 5: Maturity Schedule
MATURITY SCHEDULE Debt Maturity Schedule (1) 1,200 Debt Maturities in Millions ($) (as of 3/31/2025) 1,000 800 84 2 2 600 2 2 90 143 194 1 68 2 400 650 600 650 600 500 500 550 550 200 450 450 330 400 0 (2) 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Thereafter Unsecured Secured % of Total