Essex Property Trust (ESS) Revenue — Quarter Ended Dec 31, 2024
Revenue in the fourth quarter declined compared to the immediately preceding quarter and fell sharply from the same quarter one year earlier. The annual trend shows steadily decreasing revenue through each quarter of the year.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue in the fourth quarter declined compared to the immediately preceding quarter and fell sharply from the same quarter one year earlier. The annual trend shows steadily decreasing revenue through each quarter of the year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4M
Revenue reported for this quarter.
Quarter-over-quarter
-5.7%
Change from the immediately preceding quarter.
Year-over-year
-13.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.3M
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 |
|---|---|---|
| Mar 31, 2024 | $2.7M | -1.9% |
| Jun 30, 2024 | $2.6M | -7.4% |
| Sep 30, 2024 | $2.6M | -8.0% |
| Dec 31, 2024 | $2.4M | -13.8% |
Revenue performance
Revenue continued its downward trajectory from the prior quarter, extending the pattern of sequential declines observed throughout the most recent fiscal year.
Quarterly comparison
Compared with the third quarter, revenue was lower; versus the same quarter a year ago, the decline was substantially larger, reflecting an accelerating year-over-year drop as the year progressed.
What to watch
The continued quarterly decline in revenue, alongside a growing year-over-year shortfall, may warrant monitoring.