ESS — what changed in the latest 10-Q
A section-by-section comparison of ESS's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-28 vs the prior 10-Q · 2026-07-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +40 | −33 | ~22 | 29 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~5 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~4 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +8 | 0 | ~1 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-28
Impairment loss of $10.7 million for the third quarter of 2026 resulted from the Company’s disposition of Marina City Club and the associated write-down of the property’s carrying value to its fair value.
General and administrative expense decreased by $1.5 million or 8.3% to $16.6 million for the third quarter of 2026 compared to $18.1 million for the third quarter of 2025, primarily due to decreases of $1.2 million in political advocacy costs, and $1.2 million in legal costs as the Company fully re…
Gain on sale of real estate and land of $6.8 million for the third quarter of 2026 was attributable to the disposition of Collins on Pine. Gain on sale of real estate and land of $62.3 million for the third quarter of 2025 was attributable to the dispositions of The Grand and Fourth & U.
Interest expense increased by $0.1 million or 0.2% to $64.8 million for the third quarter of 2026 compared to $64.7 million for the third quarter of 2025, primarily due to the issuance in December 2025 of $350.0 million senior unsecured notes due February 2036 and borrowing on the $300.0 million uns…
Interest and other income decreased by $5.2 million or 88.1% to $0.7 million for the third quarter of 2026 compared to $5.9 million for the third quarter of 2025, primarily due to decreases of $2.2 million in net realized and unrealized gains from activities related to marketable securities and $3.1…
Text removed vs the prior filing · source: 10-Q · 2026-07-30
General and administrative expense increased by $55.9 million or 325.0% to $73.1 million for the second quarter of 2026 compared to $17.2 million for the second quarter of 2025, primarily due to legal settlement costs of $36.5 million to fully resolve its case related to RealPage and $19.3 million r…
Gain on sale of real estate and land of $2.0 million for the second quarter of 2026 was due to the recognition of contingent consideration related to a previous sale of a land parcel in 2023. Gain on sale of real estate and land of $126.2 million for the second quarter of 2025 was attributable to th…
Interest expense increased by $1.5 million or 2.3% to $66.8 million for the second quarter of 2026 compared to $65.3 million for the second quarter of 2025, primarily due to the issuance in December 2025 of $350.0 million senior unsecured notes due February 2036 and borrowing on the $300.0 million u…
Interest and other income increased by $2.3 million or 33.8% to $9.1 million for the second quarter of 2026 compared to $6.8 million for the second quarter of 2025, primarily due to a $3.2 million increase in net realized and unrealized gains on marketable securities from increases in the fair value…
Equity income from co-investments increased by $4.7 million or 52.2% to $13.7 million for the second quarter of 2026 compared to $9.0 million for the second quarter of 2025, primarily due to a $9.2 million gain recognized on the sale of the co-investment community, Meridian at Midtown, partially off…
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-28
On August 27, 2026, Barbara Pak, Executive Vice President and Chief Financial Officer, entered into a "Rule 10b5-1 trading arrangement", as such item is defined in Item 408(a) of Regulation S-K, that provides for the potential exercise of stock options and associated sale of up to 22,907 shares of c…
The following disclosure is included in this Quarterly Report on Form 10-Q in lieu of filing a Current Report on Form 8-K with respect to disclosure required under Item 5.02 thereof.
On October 23, 2026, the Compensation Committee of the Board of Directors of the Company approved an amendment and restatement of the Essex Property Trust, Inc. Executive Severance Plan (as amended and restated, the “Restated Severance Plan”). The Restated Severance Plan provides for the payment of …
Under the Restated Severance Plan, in the event of a termination of employment by the Company without cause outside of the change in control context, an executive will be eligible to receive: (i) a lump-sum cash payment equal to 12 months’ base salary (or 24 months’ base salary for the Chief Executi…
In the event of a termination of employment by the Company without cause or by the executive for good reason within three months prior to a change in control or within 24 months following a change in control, the Restated Severance Plan provides that the executive will be eligible to receive: (i) a …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice