ESS Essex Properties Trust Nov 2009 Presentation

download ESS Essex Properties Trust Nov 2009 Presentation

of 14

Transcript of ESS Essex Properties Trust Nov 2009 Presentation

  • 8/14/2019 ESS Essex Properties Trust Nov 2009 Presentation

    1/14

    Nssnx[rfpnrtyYrust,Jog.

    1;;:OCQNJY

    QNJY

    Pfrhi

    Ofvndanr 33 37, 1;;:

  • 8/14/2019 ESS Essex Properties Trust Nov 2009 Presentation

    2/14

    CafutNssnxCafutNssnx

    Bfuoini jo 3:03 wjtl J[F jo 3::9

    377 duhtjbcdjhy prfpnrtjns fo tln Pnst Gfcst

    Dcrmnt Gcpjtchjzctjfo $9.9 ajhhjfo

    3;-Zncr Yftch Qnturo fb 1>0%*

    3> gfosngutjvn yncrs fb ijvjinoi rfwtl

    Ijvjinoi Zjnhi fb cpprfxjdctnhy >.1%

    Dcoc ndnot/Bfuoinrs fwo cpprfxjdctnhy :% fb tln Gfdpcoy

    Wnctthn Dntrf Crnc

    ^ojts5 >,:7:[frtbfhjf [nrgnotc`n5 11%Cvnrc`n Qnot5 $3,;70

    Ofrtlnro Gchjbfrojc

    ^ojts5

  • 8/14/2019 ESS Essex Properties Trust Nov 2009 Presentation

    3/14

    Gfdpcoy[nrbfrdcognGfdpcoy[nrbfrdcogn

    * Wfurgn Mnyacog, Yln Hncinrafcri 3;/7;/

    ** Wfurgn Gfd co rn frts WOH Bjoc

    3;-Zncr Yftch Qnturo*

    -1>%

    3>%

    >>%

    :>%

    37>%

    30>%

    13>%

    1>>%

    NWW DB

    Wngtfr

    QDW IEJC W&[ >;;

    >-Zncr Yftch Qnturo*

    -3;%

    ->%

    ;%

    >%

    3;%

    3>%

    1;%

    1>%

    7;%

    NWW DB

    Wngtfr

    W&[ >;; IEJC QDW

    Guduhctjvn Wcdn-Wtfrn OFJ @rfwtl**(Bjrst Sucrtnr 3::< Yljri Sucrtnr 1;;:)

    ;

    >;

    3;;

    3>;

    1;;

    1>;

    1;;:S7

    1;;S7

    1;;9S7

    1;;7S7

    1;;1S7

    1;;3S7

    1;;;S7

    3:::S7

    3::>%

    [rnbnrrni

    Nqujty

    7%

    Inat

    91%

    1.02x1.>>x

    1.1>x 1.30x1.71x

    7.;2x

    -;.1

    ;.7

    ;.;

    $3;;

    $3>;

    $1;;

    $1>;

    $7;;

    1;3; 1;33

    Inat Nxpngtni [rfgnnis brfd Qnbjocogjo s**

    *Joghuins $:0 djhhjfo bfr nxglco`ncahn afoi rnpurglcsn jo 1;3; coi ifns oft joghuin hjon fb grnijt.Nxpngtni prfgnnis cssudns 2% jotnrnst rctn fo prfengtni OFJ coi inat snrvjgn gfvnrc`n fb 31>

    (3) Iry pfwinr nquchs $1;; do. jo gcsl coi dcrmntcahn sngurjtjns coi $7;; do. hjon gcp

  • 8/14/2019 ESS Essex Properties Trust Nov 2009 Presentation

    6/14

    WtcahnRcgcogyjoNssnxDcrmntsWtcahnRcgcogyjoNssnxDcrmnts

    *Qnprnsnots survny fb CHH jovnstdnot `rcin aujhijo`s wjtljo tln Nssnx dcrmnts (oft Nssnx pfrtbfhjf ictc).

    Wfurgn5 Rcgcogy - Coouch Cvnrc`n, Qnchbcgts (aujhijo s gfdphntni anbfrn 1;;0)= Efa @rfwtl5 AHW, Coouch Cvnrc`n `rfw

    Hjdjtnitftchrnsjinotjchsupphyiurjo`CHHpnrjfis,ofteust iurjo`rngnssjfos

    Lj`lFwonrsljpgfstsvs.rnotjo`

    Hjdjtninxpfsurntflj`lcpcrtdnotvcgcogyiurjo`pnrjfisfbefahfssns

    CajhjtybfrCpcrtdnotdcrmntstfrngfvnrrnhctjvnhyqujgmhy,iuntflj`lnr

    fggupcogycttlnpfjotfbrngfvnry

    Cajhjty

    tf

    sustcjo

    rnot

    `rfwtl

    fvnr

    hfo`nr

    pnrjfis

    iun

    tf

    hjdjtni

    supphy

    coi

    hfo`nrhncitjdnstfduhtjbcdjhygfostrugtjfo

    Gfostrugtjfo,aftlrnsjinotjchcoiofornsjinotjch(j.n.jobrcstrugturntfsuppfrt

    onwrnsjinotjch,ftlnrgfddnrgjch)jsoftcdcrmntirjvnr. Efascoi@rfssDntrf

    [rfiugt(coitlusjogfdn)oftrnhjcotfosjo`hnbcdjhygfostrugtjfo.

    -:%

    -0%

    ->%

    -7%

    -3%

    3%

    7%

    >%

    0%

    :%

    3::7

    3::9

    3::>

    3::2

    3::0

    3::

    1;;2

    1;;0

    1;;%

    3.;%

    3.>%

    1.;%

    1.>%

    3::9

    3::>

    3::2

    3::0

    3::

    1;;2

    1;;0

    1;;.;0%

    ;%

    >;%

    3;;%

    3>;%

    1;;%

    1>;%

    7;;%

    Wco

    Brcogjsgf

    Onw

    Zfrm

    Wco

    Ijn`f

    HfsCo`nhns

    Wco

    Efsn

    Wnctthn

    Frco`n

    Afstfo

    Rnoturc

    Ocsscu-Wubbfhm

    Fcmhcoi

    Djcdj/Bt.Hc

    uinrichn

    [frthcoi

    Achtjd

    frn

    Pcsl

    .I.G.

    [ljhcinhpljc

    Inovnr

    Gljgc`f

    Custjo

    JohcoiNdpjrn

    Frhcoif

    HcsRn`cs

    Lfustfo

    Wcgrcdnotf

    Djooncpfhjs

    Ichhcs-Bt.P

    frtl

    [lf

    nojx

    Cthcotc

    Nssnx Dcrmnts Dcefr .W. Dntrfs

  • 8/14/2019 ESS Essex Properties Trust Nov 2009 Presentation

    8/14

  • 8/14/2019 ESS Essex Properties Trust Nov 2009 Presentation

    9/14

    Ns

    snxDcrmntEfaCtt

    rjautns

    1;

    3;

    Qngfvnry

    *Wnctt

    hnHfo`YnrdY

    rnois

    GfotjouniHFPCbbfricajhjty

    (anhfw3;;%)

    Hfo`tnrdtrnoijoCbbfricajhjtygfotjounsifwowcri

    Qnotjo`rndcjossj`ojbjgcothyanhfwfwonrsljpgfsts

    Gurrnothnvnhfbefasstjhhup0%brfdafttfdfbhcstgyghn(vs.3%bfr^W)

    Jogrncsjo``nf`rcpljggfostrcjotshjdjtjo`suauracoinvnhfpdnot

    Lj`lnxpfsurntftngl,lnchtlgcrncoiCsjcotrcinjspfsjtjvn

    Rjrtuchhyofonwduhtjbcdjhystcrtsnxpngtnijo1;3;

    Sujg

    mnstQngfvnry

    Hfwnst;:/3;inhjvnrjns

    ,Wtrfo`nstEfaBuoicdnotchs

    3)

    WcoBrcogjsgf

    1)

    WcoEfsn

    7)

    WcoIjn`f

    9)

    Rnoturc

    >)

    Frco`n

    2)

    Fcmhcoi

    0)

    HC/Wnctthn*

  • 8/14/2019 ESS Essex Properties Trust Nov 2009 Presentation

    10/14

    BfrBfrWchnLfusjo`Yrnois*WchnLfusjo`Yrnois*

    *Wfurgn IctcSuj

    Johcoi Ndpjrn5 Wjo`hn Bcdjhy/Gfoif Wchns coi [rjgns Eco 1;;3 tf Eu hy 1;;:

    3;;;

    7;;;

    >;;;

    0;;;

    :;;;

    33;;;

    37;;;

    1;;

    3D

    7

    1;;

    3D

    2

    1;;

    3D

    :

    1;;

    3D

    3

    1;;

    1D

    7

    1;;

    1D

    2

    1;;

    1D

    :

    1;;

    1D

    3

    1;;

    7D

    7

    1;;

    7D

    2

    1;;

    7D

    :

    1;;

    7D

    3

    1;;

    9D

    7

    1;;

    9D

    2

    1;;

    9D

    :

    1;;

    9D

    3

    1;;

    >D

    7

    1;;

    >D

    2

    1;;

    >D

    :

    1;;

    >D

    3

    1;;

    2D

    7

    1;;

    2D

    2

    1;;

    2D

    :

    1;;

    2D

    3

    1;;

    0D

    7

    1;;

    0D

    2

    1;;

    0D

    :

    1;;

    0D

    3

    1;;

    D

    3

    1;;2D

    7

    1;;2D

    2

    1;;2D

    :

    1;;2D

    3

    1;;0D

    7

    1;;0D

    2

    1;;0D

    :

    1;;0D

    3

    1;;;,;

    $>;;,;

    $>>;,;

    $2;;,;Cu . 1;;0

  • 8/14/2019 ESS Essex Properties Trust Nov 2009 Presentation

    11/14

    BfrBfrWchnLfusjo`Yrnois*WchnLfusjo`Yrnois*

    *Wfurgn IctcSuj

    Ncst Acy5 Wjo`hn Bcdjhy/Gfoif Wchns coi [rjgns Eco 1;;3 tf Euhy 1;;:

    1

    ;

    ;

    3

    D

    7

    1

    ;

    ;

    3

    D

    2

    1

    ;

    ;

    3

    D

    :

    1

    ;

    ;

    3

    D

    3

    1

    ;

    ;

    1

    D

    7

    1

    ;

    ;

    1

    D

    2

    1

    ;

    ;

    1

    D

    :

    1

    ;

    ;

    1

    D

    3

    1

    ;

    ;

    7

    D

    7

    1

    ;

    ;

    7

    D

    2

    1

    ;

    ;

    7

    D

    :

    1

    ;

    ;

    7

    D

    3

    1

    ;

    ;

    9

    D

    7

    1

    ;

    ;

    9

    D

    2

    1

    ;

    ;

    9

    D

    :

    1

    ;

    ;

    9

    D

    3

    1

    ;

    ;

    >

    D

    7

    1

    ;

    ;

    >

    D

    2

    1

    ;

    ;

    >

    D

    :

    1

    ;

    ;

    >

    D

    3

    1

    ;

    ;

    2

    D

    7

    1

    ;

    ;

    2

    D

    2

    1

    ;

    ;

    2

    D

    :

    1

    ;

    ;

    2

    D

    3

    1

    ;

    ;

    0

    D

    7

    1

    ;

    ;

    0

    D

    2

    1

    ;

    ;

    0

    D

    :

    1

    ;

    ;

    0

    D

    3

    1

    ;

    ;

    ;;,;;;

    $>>;,;;;

    $2;;,;;;

    $2>;,;;;

    Wchns Dnijco [rjgn

    Cu . 1;;0

    Wco Brcogjsgf /Wco Efsn DWCs5 Wjo`hn Bcdjhy/Gfoif Wchns coi [rjgns Eco 1;;3 tf Eu hy 1;;:

    ;

    ;

    ;

    ;

    ;

    ;

    ;

    1;;3D

    7

    1;;3D

    2

    1;;3D

    :

    1;;3D

    3

    1;;1D

    7

    1;;1D

    2

    1;;1D

    :

    1;;1D

    3

    1;;7D

    7

    1;;7D

    2

    1;;7D

    :

    1;;7D

    3

    1;;9D

    7

    1;;9D

    2

    1;;9D

    :

    1;;9D

    3

    1;;>D

    7

    1;;>D

    2

    1;;>D

    :

    1;;>D

    3

    1;;2D

    7

    1;;2D

    2

    1;;2D

    :

    1;;2D

    3

    1;;0D

    7

    1;;0D

    2

    1;;0D

    :

    1;;0D

    3

    1;;>;,;;;

    $2;;,;;;

    $2>;,;;;

    $0;;,;;;

    $0>;,;;;

    $

  • 8/14/2019 ESS Essex Properties Trust Nov 2009 Presentation

    12/14

    WnctthnWnctthnCvnrc n Qnot cs c % fb Dnijco Lfusnlfhi Jogfdn

    (jo ;;;s)

    $1;

    $7;

    $9;

    $>;

    $2;

    $0;

    ':; ':3 ':1 ':7 ':9 ':> ':2 ':0 ':< ':: ';; ';3 ';1 ';7 ';9 ';> ';2 ';0 ';< ';:b

    3;%

    31%

    39%

    32%

    3

    ':2

    ':0

    ':;

    $2;

    $0;

    ':; ':3 ':1 ':7 ':9 ':> ':2 ':0 ':< ':: ';; ';3 ';1 ';7 ';9 ';> ';2 ';0 ';< ';:b

    3>%

    30%

    3:%

    13%

    17%

    1>%

    Dnijco Lfusnlfhi Jogfdn Qnot cs % Jogfdn

    Cvnrc n Qnot cs c % fb Dnijco Lfusnlfhi Jogfdn(jo ;;;s)

    Cv . Rchun 3::; - 1;;

    ':2

    ':0

    ':