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ESS · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 4.1% y/y to $489M, operating margin 22.4% vs 59.5%, net income $62.5M (−71.8% y/y).
Net income attributable to the company
$62.5M
down 71.8% y/y
Total revenues
$489M
up 4.1% y/y
Operating income
$109M
down 60.9% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Total revenues | $489 · +4.1% |
| Costs and expenses (calculated) | $380 · +99.7% |
| Operating income | $109 · −60.9% · 22.4% margin |
| Other income (expense), net (calculated) | $42.4 · −12.0% |
| Income before income taxes | $66.9 · −71.1% |
| Net income attributable to noncontrolling interests | $4.5 · −55.9% |
| Net income attributable to the company | $62.5 · −71.8% · 12.8% margin |
Verdict: revenue grew 4.1% y/y to $489M, operating margin 22.4% vs 59.5%, net income $62.5M (−71.8% y/y).
Source and notation
Source: SEC XBRL of Essex Property Trust's 10-Q (SEC EDGAR); revenue and net income are confirmed by the 8-K press release of 07/29/2026. The release carries no income statement, so the chart is built from XBRL totals: costs and other items are calculated as differences between reported totals.
Open as an image: ESS, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “ESS Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/ess/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/ess/q2-2026"><img src="https://whoreportstoday.com/t/ess/q2-2026/sankey.png" alt="ESS Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/ess/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
https://whoreportstoday.com/t/ess/q2-2026/sankey.png
<a href="https://whoreportstoday.com/t/ess/q2-2026">ESS Q2 2026 earnings chart (Who Reports Today)</a>
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- Operating income was $109M, a 22.4% margin vs 59.5% a year earlier.
- Net income was $62.5M, a 12.8% margin vs 47.1% a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
ESS — an American real estate investment trust that owns, operates, develops and redevelops apartment communities on the U.S. West Coast.
It earns money mainly from rents. Its geographic segments are Southern California, Northern California and Seattle Metro, with other real estate assets reported separately. · Source: annual report (Form 10-K, SEC)
Heads-up
- net income fell 72% y/y in Q2 2026
Net income for Q2 2026: $62.5M, −72% y/y. In the report's figures: costs grew faster than revenue: costs and expenses (calculated) +100% y/y. Based on the Q2 2026 report.
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