Its investment-banking arm, which has grown rapidly over the past decade, still accounts for about three-tenths of its revenues (close to twenty billion dollars in the first nine months of this year) and more than two-thirds of its net profits (upward of six billion dollars in the same period).
Essex Property Trust (ESS) is a twenty year old company and just only one of three multifamily REITs that have had positive growth in distributions over the past 10 years, and did not decrease dividends along the way in 2009.