Essex Property Trust, Inc. · NYSE:ESS
Essex Property Trust — Investor Presentation (March 2011)
14 slides from Essex Property Trust's investor presentation, Mar 14, 2011
Slide 1: Essex Property Trust
E ssex Property Trust
Slide 2: Total Shareholder Return since IPO
Total Shareholder Return since IPO 1,800.00 200.00 400.00 600.00 800.00 1,000.00 1,200.00 1,400.00 1,600.00 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 ESS S&P 500 MSCI US REIT (RMS) With over 40 years of experience we have grown to become one of the most suc
Slide 3: 2011 Guidance Forecast
2011 Guidance Forecast FFO Per Share Guidance $5.35 - $5.65 Earnings Per Share Guidance $0.85 - $1.15 Same Property Revenue Growth (Midpoint of Guidance) 3.5% Same Property NOI Growth 4.3% Market Expectations 2010 2010 2010 Market Market Market Job Growth Rent Growth Occupancy Southern California 1.
Slide 4: In 2010 we invested $584 million in new acquisitions
In 2010 we invested $584 million in new acquisitions in markets we believe will experience attractive growth in the coming years due to forecasted job growth as well as low levels of new housing supply and single family home affordability. 0% 25% 50% 75% 100% 125% 150% 175% 200% 225% 250% 275% 300%
Slide 5: Slide 5
Slide 6: Seattle: Average Rent as a % of Median Household Income
Seattle Gap = 10.0% of Current Rents Average Rent as a % of Median Household Income (in 000's) $80 $70 $30 $40 $50 $60 10% 12% 14% 16% 18% 20% 8% '90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11f Average Rent as a % of Median Household Income (in 000's) Median
Slide 7: Job Growth vs. Total Residential Supply
Job Growth vs. Total Residential Supply (% change) -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% -6.0% Jobs Supply Population
Slide 8: San Jose: Average Rent as a % of Median Household Income
San Jose Average Rent as a % of Median Household Income (in 000's) of Current Rents 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% $30 $40 $50 $60 $70 $80 $90 $100 '90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11f
Slide 9: Job Growth vs. Total Residential Supply - San Jose
Job Growth vs. Total Residential Supply (% change) -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% Jobs Supply Population 101 San Fernando—San Jose, CA Percentage of Jobs by Sector* Construction Manufacturing Trade/Transportation/Utilities Information Finance Non Info/Financial Services** Government -6%
Slide 10: Los Angeles: Average Rent as a % of Median Household Income
Los Angeles Average Rent as a % of Median Household Income (in 000's) Median Household Income (left ax is) Rent as % Income (right axis) Average Value 1990- '10 (right axis) Gap = 10.0% of Current Rents $30 $40 $50 $60 $70 '90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '
Slide 11: Job Growth vs. Total Residential Supply - Los Angeles
-4.0% -2.0% 0.0% 2.0% 4.0% Job Growth vs. Total Residential Supply (% change) Jobs Supply Population -10% -8% -6% -4% -2% 0% 2% 4% Construction Manufacturing Trade/Transportation/Utilities Information Finance Non Info/Financial Services** Government Totals Job Growth by Sector * (January 2010 throug
Slide 12: Orange County: Average Rent as a % of Median Household Income
Orange County 8% 13% 18% 22% 27% $30 $40 $50 $60 $70 $80 '90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11f Average Rent as a % of Median Household Income (in 000's) Gap = 6.0% of Current Rents Median Household Income (left axis) Rent as % Income (right axis) Av
Slide 13: Job Growth vs. Total Residential Supply - Orange County
Job Growth vs. Total Residential Supply (% change) -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% -6.0% Jobs Supply Population Percentage of Jobs by Sector* Construction Manufacturing Trade/Transportation/Utilities Info Finance Non Info/Financial Services Government 13 13 * Source: BLS ** Non Info/Financial Servic
Slide 14: Notes
NOTES
Essex Property Trust — Investor Presentation (March 2011) on 6ix