Essex Property Trust, Inc. · NYSE:ESS
Essex Property Trust — Q2 2025 Earnings Presentation
5 slides from Essex Property Trust's earnings presentation, Jul 30, 2025
Slide 1: Second Quarter 2025 Credit Update
Marquis 166 Apartment Homes San Jose, CA SECOND QUARTER 2025 CREDIT UPDATE
Slide 2: Selected Ratios & Credit Ratings
SELECTED RATIOS & CREDIT RATINGS Public Bond Covenants(1) & Selected Credit Ratios Q2 ’25 Q1 ’25 Q4 ’24 Q3 ’24 Q2 ’24 Covenant Debt to Total Assets 35% 35% 35% 34% 34% < 65% Secured Debt to Total Assets 4% 5% 5% 5% 5% < 40% Interest Coverage 524% 532% 540% 547% 552% > 150% Unsecured Debt Ratio (2) 2
Slide 3: Second Quarter 2025 Highlights and 2025 Guidance
SECOND QUARTER 2025 HIGHLIGHTS AND 2025 GUIDANCE ▪ Reported Net Income per diluted share for the second quarter of 2025 of $3.44, compared to $1.45 in the second quarter of 2024. The increase was primarily driven by a gain on sale of real estate. ▪ Grew Core FFO per diluted share by 2.3% compared to
Slide 4: Capital Structure & Liquidity Profile
CAPITAL STUCTURE & LIQUIDITY PROFILE $25.7 Billion Total Market Capitalization (1) Debt Composition (1) (2) Secured Unsecured Debt Secured Term Loan 3% Variable Rate 7% Unsecured 5% Secured Debt Fixed Rate 22% 8% Commercial Commercial Paper and Paper and Credit Facility Credit 5% Unsecured Facility
Slide 5: Maturity Schedule
MATURITY SCHEDULE Debt Maturity Schedule (1) 1,200 Debt Maturities in Millions ($) (as of 6/30/2025) 1,000 800 2 84 2 2 600 2 90 194 1 68 2 400 650 700 650 600 550 600 450 450 500 330 200 400 98 0 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Thereafter Unsecured Secured % of Total Debt Mat