Essex Property Trust, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Angela L. Kleiman
- Full Time Employees
- 1,712
- Sector
- Real Estate
- Industry
- REIT - Residential
- Address
- 1100 Park Place San Mateo CA United States of America 94403
- IPO Date
- Jun 7, 1994
- CIK
- 0000920522
- Website
- essexapartmenthomes.com
- Similar Companies
- 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.
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