• Essex Property Trust average debt/equity ratio for 2023 was 1.06, a 4.95% increase from 2022.
• Essex Property Trust average debt/equity ratio for 2022 was 1.01, a 1% increase from 2021.
• Essex Property Trust average debt/equity ratio for 2021 was 1, a 1.96% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.