Essex Property Trust (ESS) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter was higher than the immediately preceding quarter. Compared to the same quarter one year earlier, revenue was lower.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter was higher than the immediately preceding quarter. Compared to the same quarter one year earlier, revenue was lower.
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
+0.3%
Change from the immediately preceding quarter.
Year-over-year
-3.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.2M
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 |
|---|---|---|
| Dec 31, 2022 | $2.8M | +16.2% |
| Mar 31, 2023 | $2.8M | +2.8% |
| Jun 30, 2023 | $2.8M | +1.5% |
| Sep 30, 2023 | $2.8M | -3.5% |
Revenue performance
The reported revenue increased relative to the prior quarter. This uptick follows a pattern of sequential growth over recent quarters.
Quarterly comparison
Compared to the preceding quarter, revenue increased. However, on a year-over-year basis, revenue declined versus the same period last year.
What to watch
The year-over-year decline warrants attention as it contrasts with the recent sequential growth trajectory.