Essex Property Trust (ESS) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter was lower than the prior quarter and the same quarter a year earlier. The decline reflects ongoing trends in the company's financial results.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter was lower than the prior quarter and the same quarter a year earlier. The decline reflects ongoing trends in the company's financial results.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.6M
Revenue reported for this quarter.
Quarter-over-quarter
-0.4%
Change from the immediately preceding quarter.
Year-over-year
-8.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.7M
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, 2023 | $2.8M | -0.8% |
| Mar 31, 2024 | $2.7M | -1.9% |
| Jun 30, 2024 | $2.6M | -7.4% |
| Sep 30, 2024 | $2.6M | -8.0% |
Revenue performance
The reported revenue represents a decrease from the preceding quarter's level.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was slightly lower. Compared with the same quarter one year earlier, the decline was more pronounced.
What to watch
The company's cash position and sensitivity to interest rate fluctuations, as noted in the filing, are factors to observe.