Essex Property Trust/$ESS
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
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
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 1,688
- Headquarters
- San Mateo, United States
- Website
- www.essexapartmenthomes.com
ESS Metrics
BasicAdvanced
$17B
49.01
$5.39
0.71
$10.34
3.92%
Price and volume
Market cap
$17B
Beta
0.71
52-week high
$303.35
52-week low
$238.46
Average daily volume
569K
Dividend rate
$10.34
Financial strength
Current ratio
1.86
Quick ratio
0.465
Long term debt to equity
1.202
Total debt to equity
1.21
Dividend payout ratio (TTM)
191.26%
Interest coverage (TTM)
2.57%
Profitability
EBITDA (TTM)
1,281.131
Gross margin (TTM)
68.57%
Net profit margin (TTM)
17.44%
Operating margin (TTM)
33.95%
Revenue per employee (TTM)
$1,180,000
Management effectiveness
Return on assets (TTM)
3.25%
Return on equity (TTM)
6.51%
Valuation
Price to earnings (TTM)
49.008
Price to revenue (TTM)
8.581
Price to book
3.21
Price to tangible book (TTM)
3.21
Price to free cash flow (TTM)
15.333
Free cash flow yield (TTM)
6.52%
Free cash flow per share (TTM)
17.229
Dividend yield (TTM)
3.91%
Forward dividend yield
3.92%
Growth
Revenue change (TTM)
3.45%
Earnings per share change (TTM)
-59.00%
3-year revenue growth (CAGR)
5.27%
10-year revenue growth (CAGR)
4.29%
3-year earnings per share growth (CAGR)
-12.92%
10-year earnings per share growth (CAGR)
1.81%
3-year dividend per share growth (CAGR)
4.24%
10-year dividend per share growth (CAGR)
5.18%
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
Essex lifted its 2026 Core FFO midpoint by 2 cents to $16.16 and raised its same-property NOI growth midpoint by 0.2 percentage points to 3.0%. The upgrade reflects better operating performance and gives a modest sign that momentum is improving. (SEC)
Northern California is a clear growth engine: same-property revenue rose 5.4% and NOI rose 7.0% year on year in the third quarter, while the region generated 41% of same-property revenue. That strong performance gives Essex a meaningful offset to slower markets elsewhere. (SEC)
Management sees very limited new apartment supply in Northern California for several years, which could support future rents as demand improves. The company also reported 96.3% portfolio occupancy and 5.3% renewal rent growth in the third quarter. (Investing.com, SEC)
New-lease net effective rents fell 0.2% year on year in the third quarter, even as renewal rents rose 5.3%. That gap suggests current growth depends heavily on retaining existing tenants rather than winning higher rents from new ones. (SEC)
Operating costs are limiting the benefit of rent growth: same-property expenses rose 2.8% year on year, and jumped 6.7% from the prior quarter, leaving sequential NOI down 1.3%. Maintenance and repairs were up 10.7% year on year, adding to margin pressure. (SEC)
Most of the portfolio remains exposed to slower markets: Southern California and Seattle together contributed 59% of third-quarter same-property revenue, but revenue growth there was only 1.5% and 1.3%, respectively. Seattle NOI fell 0.4% year on year, while Los Angeles revenue grew just 0.5%. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 28 Oct 2026.
ESS Financial Performance
Revenues and expenses
ESS Earnings Performance
Company profitability
Upcoming events
No upcoming events
ESS News
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Funds containing ESS
AllUSDEURGBP
Fund name | Fund size | $ESS weighting |
|---|---|---|
Invesco Real Estate S&P US Select Sector$XRES | $150M | 1.50% |
Invesco Real Estate S&P US Select Sector£XREP | $150M | 1.50% |
VanEck Global Real Estate€TRET | €448M | 1.25% |
VanEck Global Real Estate£TREG | €448M | 1.25% |
iShares Developed Markets Property Yield£IWDP | $1.2B | 1.01% |
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.
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