Essex Property Trust (ESS) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter rose modestly, continuing a trend of gradual improvement. The increase was driven by sustained operational performance, though the pace of growth remained subdued.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter rose modestly, continuing a trend of gradual improvement. The increase was driven by sustained operational performance, though the pace of growth remained subdued.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.8M
Revenue reported for this quarter.
Quarter-over-quarter
+0.5%
Change from the immediately preceding quarter.
Year-over-year
+1.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.3M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $2.9M | +29.0% |
| Dec 31, 2022 | $2.8M | +16.2% |
| Mar 31, 2023 | $2.8M | +2.8% |
| Jun 30, 2023 | $2.8M | +1.5% |
Revenue performance
Reported revenue increased compared to the prior quarter, reflecting a slight upward trajectory.
Quarterly comparison
Revenue was higher than the same period one year earlier, while also showing a marginal gain from the immediately preceding quarter.
What to watch
Monitor whether revenue can sustain its modest upward momentum given the stable but narrow range over recent quarters.