Essex Property Trust, Inc.

Essex Property Trust, Inc. is an S&P 500 company that operates as a self-administered and self-managed real estate investment trust (REIT). The company primarily focuses on the ownership, operation, management, acquisition, development, and redevelopment of apartment communities. These properties are predominantly located along the West Coast of the United States. As of December 31, 2025, Essex owned or had ownership interests in 259 operating apartment communities, totaling 63,077 apartment homes. This count excludes the company's preferred equity co-investments, loan investments, two operating commercial buildings, and a development pipeline consisting of one consolidated project and various predevelopment projects. Essex holds its real estate and other investments directly or indirectly through Essex Portfolio, L.P., where Essex is the sole general partner. As of December 31, 2025, Essex had an approximately 96.6% general partner interest in Essex Portfolio, L.P. The company has been treated as a REIT for federal income tax purposes since the year ended December 31, 1994, and completed its initial public offering on June 13, 1994. To comply with REIT tax rules, Essex uses taxable REIT subsidiaries for certain revenue-generating or investment activities; these domestic taxable REIT subsidiaries are subject to federal income tax as regular C Corporations and are consolidated for financial reporting.