Essex Property Trust/$ESS

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About Essex Property Trust

Essex Property Trust owns a portfolio of 258 apartment communities with over 62,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
Ticker
$ESS
Primary listing
NYSE
Employees
1,688

ESS Metrics

BasicAdvanced
$18B
42.90
$6.43
0.71
$10.32
3.76%

What the Analysts think about ESS

Analyst ratings (Buy, Hold, Sell) for Essex Property Trust stock.
Analyst projections of the future price of Essex Property Trust stock.

Bulls say / Bears say

Raised full-year 2026 Core FFO guidance after Q2 results, with Core FFO per diluted share up 1.2% year-over-year and exceeding the midpoint of guidance. (Business Wire)
Achieved same-property revenue and NOI growth of 2.7% and 2.6% year-over-year in Q2 2026, underscoring resilient rental market fundamentals and operational execution. (Business Wire)
Executed sale of a 218-unit San Jose community for $105.3 million at a mid-4% cap rate, demonstrating disciplined asset rotation and value realization in core markets. (The Motley Fool)
Reported net income per diluted share fell 71.8% year-over-year to $0.97 in Q2 2026 due to the absence of last year’s one-time gain and legal settlement charges, highlighting earnings volatility. (Business Wire)
Shares trade at approximately 48 times next 12-month earnings, versus a peer average of around 42 three months ago, indicating elevated valuation risk and limited upside. (Stockopedia)
Concentration in high-barrier-to-entry West Coast markets (Southern California, Northern California, Seattle) exposes Essex to region-specific regulatory, economic and supply-risk headwinds that could constrain future growth. (Wikipedia)
Data summarised monthly by Lightyear AI. Last updated on 26 Aug 2026.

ESS Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

ESS Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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