Essex Property Trust (ESS) 2018年年度报告「NYSE」.pdf

1、ANNUAL REPORT2018THE GALLOWAY IN PLEASANTON,CA GREEN POINT RATEDTHE HUXLEY IN WEST HOLLYWOOD,CAREGENCY AT ENCINO IN ENCINO,CAPage 1Essex is the only public multifamily REIT dedicated exclusively to the coastal markets of California and Washington with high barriers to entry,favorable demographics,an

2、d diverse demand drivers.Our unique footprint sets us apart from our peers and has led to the highest total return of all public REITs since our initial public offering in 1994.Our experienced management team,our research-driven approach to portfolio management,and our strong balance sheet position

3、us well to continue to create long-term value for our shareholders.$6.00$5.00$4.00$3.00$2.00$1.00$0$8.00$7.00 9495969798990001020304050607080910111213141517181619EDIVIDENDS PER SHARE 25 CONSECUTIVE YEARS OF DIVIDEND GROWTH FOLLOWING IPONAREIT All Equity$989$0$4,500$3,500$3,000$2,500$2,000$1,500$1,00

4、0$50094959697989900010203040506070809101112131415181716Source:SNL Financial&NAREIT.Represents the value of a$100 investment and the reinvestment of all dividends.TOTAL SHAREHOLDER RETURN SINCE IPOYEARS ENDING DECEMBER 31ESSEX$4,027S&P 500$886Page 2$4,000DEDICATED EXCLUSIVELY TO THE WEST COAST Source

5、:SNL Financial and Green Street Advisors.Cumulative Total Return and Net Asset Value(NAV)per share growth are for the 10-year period ending 12/31/18.Peer average represents 6 multifamily REITs.340%320%300%280%260%240%220%200%360%10 YEARS OF CUMULATIVE OUTPERFORMANCECUMULATIVE TOTAL RETURNCUMULATIVE

6、NET ASSET VALUE GROWTHPEER AVERAGEESSPage 3NORTHERN CALIFORNIA41%(1)SANTA CLARA 20%EAST BAY(2)13%SAN FRANCISCO MD 9%SOUTHERN CALIFORNIA 42%(1)LOS ANGELES 18%ORANGE COUNTY 11%SAN DIEGO 8%VENTURA 5%SEATTLE 17%(1)(1)Represents percent of pro rata NOI as of 12/31/18.(2)East Bay includes Alameda and Cont