Essex Property Trust, Inc. · NYSE:ESS
Essex Property Trust — Q2 2026 Earnings Presentation
5 slides from Essex Property Trust's earnings presentation, July 2026
Slide 1: Second Quarter 2026 Credit Update
Century Towers 376 Apartment Homes San Jose, CA SECOND QUARTER 2026 CREDIT UPDATE
Slide 2: Second Quarter 2026 Highlights and 2026 Guidance
SECOND QUARTER 2026 HIGHLIGHTS AND 2026 GUIDANCE ▪ Reported Net Income per diluted share for the second quarter of 2026 of $0.97, compared to $3.44 in the second quarter of 2025. The decrease is primarily attributable to a gain on sale of real estate and land recognized in the second quarter of 2025
Slide 3: Selected Ratios & Credit Ratings
SELECTED RATIOS & CREDIT RATINGS Public Bond Covenants(1) & Selected Credit Ratios Q2 ’26 Q1 ’26 Q4 ’25 Q3 ’25 Q2 ’25 Covenant Debt to Total Assets 34% 34% 35% 34% 35% < 65% Secured Debt to Total Assets 4% 4% 4% 4% 4% < 40% Interest Coverage 508% 509% 510% 517% 524% > 150% Unsecured Debt Ratio (2) 2
Slide 4: Capital Structure & Liquidity Profile
CAPITAL STRUCTURE & LIQUIDITY PROFILE $26.1 Billion Total Market Capitalization (1) Debt Composition (1) (2) Secured Commercial Paper Debt and Credit Facility 5% Secured 3% Fixed Rate Unsecured 8% Secured Debt Variable Rate 22% 4% Unsecured Commercial Paper Term Loan and Credit Facility 9% 1% Unsecu
Slide 5: Maturity Schedule
MATURITY SCHEDULE Debt Maturity Schedule (1) 1,200 (as of 6/30/2026) Debt Maturities in Millions ($) 1,000 2 67 800 2 126 600 2 1 68 900 2 400 84 850 3 650 600 500 550 200 450 330 400 350 350 99 0 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Thereafter Unsecured Secured % of Total Debt Mat