Essex Property Trust/$ESS

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About Essex Property Trust

Essex Property Trust owns a portfolio of 257 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

1,714

ESS Metrics

BasicAdvanced
$17B
21.47
$12.44
0.79
$10.04
3.85%

What the Analysts think about ESS

Analyst ratings (Buy, Hold, Sell) for Essex Property Trust stock.

Bulls say / Bears say

Essex posted Q2 EPS of $1.48, topping consensus by $0.06, with revenue up 6.33% from a year ago, showing operational resilience (Seeking Alpha).
The company raised its full-year 2025 outlook, increasing net income per share guidance midpoint by $0.73 and core FFO per share midpoint by $0.10, signaling management’s continued confidence in growth (Business Wire).
Essex delivered 3.3% year-over-year same-property NOI growth and a 2.5% sequential NOI increase, supported by a 9% reduction in Washington property taxes, reflecting effective expense control (Business Wire; Alpha Spread).
Southern California, especially Los Angeles, lagged behind with blended rent growth of about 1.3% in Q2 due to higher new apartment supply and slower improvement in rent collections, highlighting region-specific challenges (Alpha Spread).
Interest expense rose 9.7% year-over-year to $64.2 million, and the net debt to EBITDA ratio reached 5.5×, increasing exposure to higher borrowing costs if interest rates stay elevated (Zacks).
Essex’s intentional pullback from its mezzanine financing business is projected to create a $0.06 per share FFO drag in Q4, potentially reducing core FFO gains (GuruFocus).
Data summarised monthly by Lightyear AI. Last updated on 8 Sept 2025.

ESS Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

ESS Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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Sept30
Essex Property Trust
DividendEx-dividend
Oct15
Essex Property Trust
DividendPayment
$2.57Per share
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