Essex Property Trust, Inc.

Essex Property Trust, Inc.

ESS
Essex Property Trust, Inc.US flagNew York Stock Exchange
287.52
USD
+0.13
- -
18.48BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
16.4
17.17
18.41
19.76
20.72
21.2
22.18
22.85
22.14
24.69
25.98
27.63
29.32
29.93
Basic EPS, GAAP
4.05
2.07
3.5
6.32
6.58
5.91
6.67
8.69
7.51
6.27
6.32
11.55
10.4
6.43
Free Cash Flow per Basic Share
8.19
8.72
9.53
10.95
11.69
12.52
13.96
12.27
13.92
14.99
15.25
16.63
16.69
17.36
Dividend per Share
4.85
4.61
5.66
6.28
7.13
7.33
7.71
8.19
8.35
8.7
9.14
9.66
10.16
10.3
Book Value per Share
48.39
93.42
94.28
94.5
95.03
95.11
94.12
92.32
91.86
88.48
84.46
86.14
85.99
82.77
Tangible Book Value per Share
48.39
93.42
94.28
94.5
95.03
95.11
94.12
92.32
91.86
88.48
84.46
86.14
85.99
82.77
Basic Weighted Avg Shares
37
57
65
65
66
66
66
65
65
65
64
64
64
64
Sales/Revenue/Turnover
611
971
1,194
1,294
1,364
1,400
1,460
1,496
1,441
1,607
1,669
1,774
1,887
1,927
Operating Margin (%)
31.8
26.46
28.25
49.64
49.65
48.79
50.19
46.35
44.18
31.94
31.47
29.78
31.89
29.13
Depreciation Expense
194
361
453
442
469
480
484
525
520
539
548
580
608
614
Net Income, GAAP
156
122
232
415
433
390
439
569
489
408
406
742
670
414
Effective Tax Rate (%)
- -
- -
- -
0.67
- -
- -
0.21
0.18
2.01
- -
- -
- -
- -
- -
Profit Margin (%)
25.6
12.58
19.43
32.07
31.75
27.87
30.08
38.03
33.91
25.41
24.31
41.79
35.48
21.48
Working Capital
-109
-203
19
43
-128
118
-38
129
-103
-131
310
-178
-95
-568
LT Debt
2,814
4,838
5,304
5,438
5,510
5,606
5,831
6,326
6,017
5,975
6,271
6,516
6,852
6,403
Total Equity
2,003
6,159
6,382
6,337
6,436
6,429
6,441
6,215
6,211
5,922
5,626
5,751
5,737
5,513
Return on Invested Capital (%)
3.99
3.16
2.94
5.41
5.64
5.65
6
5.57
4.97
- -
4.41
4.35
4.82
4.51
Return on Capital (%)
5.28
3.37
3.67
5.17
5.25
4.86
5.18
6.1
5.26
- -
4.98
7.47
7.16
5.24
Return on Common Equity (%)
8.61
3.01
3.75
6.7
6.95
6.22
7.04
9.31
8.15
6.97
7.29
13.53
12.09
7.55

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
5
345
LT Borrowings
6,800
6,802
6,354
LT Finance Leases
51
51
50
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
64
64
64
Market Capitalization
16,863
15,563
18,752

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
325
346
255
Cash, Cash Equivalents & STI
174
135
150
Accounts Receivable, Net
10
10
10
Inventories
- -
- -
- -
Total Current Liabilities
420
465
823
Payables & Accruals
420
461
478
ST Debt
- -
5
345
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.03%
-1.55%
-0.25%
Free Cash Flow
5.98%
6.1%
0.57%
Net Income, GAAP
15.72%
8.38%
-9.69%
Sales/Revenue/Turnover
4.75%
4.88%
6.36%
Total Cash Common Dividend
6.17%
4.07%
5.42%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
427
442
451
454
1,774
2025
465
470
473
480
1,887
2026
485
489
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.25
1.45
1.84
4.01
11.55
2025
3.16
3.44
2.56
1.25
10.4
2026
1.65
0.97
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.31
2.45
2.45
2.45
9.66
2025
2.54
2.48
2.57
2.57
10.16
2026
2.66
2.5
- -
- -
- -

Company Description

APIChatGPT
CEO
Angela L. Kleiman
Full Time Employees
1,688
Sector
Real Estate
Industry
REIT - Residential
Address
1100 Park Place San Mateo CA United States of America 94403
IPO Date
Jun 7, 1994
Business
Essex Property Trust, Inc. (NYSE: ESS) is a fully integrated real estate investment trust that acquires, develops, redevelops, and manages multifamily residential properties in select West Coast markets, including Southern California, Northern California, and the Seattle metropolitan area; its core offerings encompass apartment rentals to middle- and upper-income residents featuring a range of studio, one-, two-, and three-bedroom units with modern amenities in urban and suburban locations, on-site property management services including maintenance, resident portals for payments and requests, and community events, as well as development and redevelopment projects to construct new communities and upgrade existing ones for enhanced value; the company also generates revenue from ancillary services such as parking, storage, and application fees. Headquartered in San Mateo, California, with regional offices in Woodland Hills, San Jose, Irvine, San Diego, and Bellevue, Essex operates a portfolio of 257 apartment communities comprising over 62,000 apartment homes, plus one property in active development, targeting high-growth, supply-constrained coastal markets driven by job growth, technology expansion, and limited housing supply. Founded in 1971 by George Marcus and Sanford Robertson, the company went public in 1994 and has expanded through strategic moves, including the transformative 2006 acquisition of BRE Properties and entry into the Seattle market in 2018. In recent developments, Essex acquired its joint venture partner's 49.9% interest in the BEXAEW portfolio of four properties totaling 1,480 apartment homes for $505.0 million in March 2024, fully integrating them into its operating platform; further, in early 2025, it pursued reallocations toward Northern California by acquiring three newer communities—The Plaza (307 units, $161.4 million, January), One Hundred Grand (166 units, $105.3 million, February), and ROEN Menlo Park (146 units, $78.8 million, February)—while disposing of Highridge (255 units, $127.0 million, February) and Essex Skyline (350 units, $239.6 million, April) in Southern California to optimize its portfolio for lower supply and higher rent growth submarkets. These match-funded transactions remain net neutral to 2025 Core FFO guidance and support ongoing efforts to drive funds from operations per share and net asset value growth through high-quality, yield-generating assets.

Company News

APIChatGPT
  • Essex Property Trust: Premium Is The Point

  • ESS Reschedules Second Quarter 2026 Financial Results Conference Call to Tuesday, August 11, 2026 at 5:00 p.m. Eastern Time

  • Amundi Buys 66,517 Shares of Essex Property Trust, Inc. $ESS

  • Essex Property Trust Q2 Earnings Call Highlights

  • Essex Property Trust Inc (ESS) (Q2 2026) Earnings Call Highlights: Strong FFO Beat and Raised Guidance Amid Regional Divergence

  • Essex Property Trust, Inc. (ESS) Q2 2026 Earnings Call Transcript

  • ESS Q2 FFO Beats Estimates on Higher Property NOI, '26 View Raised

  • ESS Named One of TIME and Statista's World's Top GreenTech Companies in 2026 for the Second Consecutive Year

  • Compared to Estimates, Essex Property Trust (ESS) Q2 Earnings: A Look at Key Metrics

  • Essex Property Trust (ESS) Tops Q2 FFO and Revenue Estimates

  • Is Essex Property Trust (ESS) Overvalued After Q2 Earnings Miss? EPS at $0.97, GF Score: 79/100

  • Essex Announces Second Quarter 2026 Results and Raises Full-Year 2026 Guidance

  • ESS to Host Second Quarter 2026 Financial Results Conference Call on Thursday, August 13, 2026 at 5:00 p.m. Eastern Time

  • Essex Property Trust, Inc. $ESS Shares Sold by Entropy Technologies LP

  • Essex Property to Post Q2 Earnings: Is the Stock a Portfolio Must-Have?

  • Essex Property Trust, Inc. (NYSE:ESS) Receives Consensus Rating of “Moderate Buy” from Brokerages

  • ESS and Juniper Energy Sign Agreement for 500 MWh+ of Sodium-Ion Energy Storage Deployments

  • Essex Announces Release and Conference Call Dates for Its Second Quarter 2026 Earnings

  • Is Holding Essex Property Trust Still Smart Move for Your Portfolio?

  • ESS Added to Russell Microcap® Index