Essex Property Trust, Inc. (ESS)
Real Estate · Multi-Family Residential REITs · US stock · S&P 500 component
$269.43
▼ -0.23 (0.09%)
Day's range
$267.98 – $272.30
52-week range
$231.64 – $300.48
About Essex Property Trust, Inc.
Essex Property Trust is a real estate investment trust that owns, operates and develops apartment communities on the West Coast of the United States, concentrated in Southern California, the San Francisco Bay Area and the Seattle area. Its tenants are renters in major coastal metropolitan areas, typically close to large employers. The trust leases homes to residents and manages its apartment communities as a long-term owner.
Income comes from monthly rents and related fees paid by residents. Revenue is $1.9 billion over the last twelve months, growing 5.5% a year across the last three years. The operating margin is 32.5%, and the business earns a profit of 4% on the capital invested in it. Essex carries net debt of 5.1 times EBITDA, and the dividend yield is 3.8%. On the site's X-Ray Score it receives 40 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $231.64 – $300.48Volume 428,700Daily, split-adjusted
Vitals
Market cap$17.3B
52-week range$231.64 – $300.48
Volume (last day)428,700
P/E (TTM)39.6
EBIT / EV yield2.6%
Free-cash-flow yield–
Dividend yield3.8%
Revenue (TTM)$1.9B
Net income (TTM)$438M
Operating margin32.5%
Return on capital4.2%
Debt incl. leases$6.4B
Cash & securities$58M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
Not rated
REIT valuation (FFO multiples + DDM) not built yet: not rated
What this means
Read the lenses below
A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Real Estate peers. Open a lens to see the numbers behind it.
Valuation
Weak
23/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.6%
Growth
Fair
60/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)5.5%
EPS growth (3y)18.4%
Growth consistency100%
Profitability
Weak
47/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital4.2%
Operating margin32.5%
Gross profitability10.5%
Financial health
Weak
30/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA5.1×
Interest cover2.4×
Dividends
Weak
41/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield3.8%
Dividend growth4.9%
Quarterly results: last 6 quarters
+8.8%
Mar '25
+6.2%
Jun '25
+5.0%
Sep '25
+5.5%
Dec '25
+4.3%
Mar '26
+4.1%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $489M, diluted EPS $0.97.
Compare with peers
VMRK Vivmark Residential62 MAA Mid America Apartment...52 UDR UDR, Inc.50 CPT Camden Property Trust48Other Multi-Family Residential REITs companies by X-Ray Score.
Fundamentals checklist
● 3 Good · ● 4 Average · ● 4 BadCash quality
Earnings backed by cashGood
Risk models
Piotroski F-ScoreBad
Growth
EPS growth (3y)Good
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Net debt / EBITDAAverage
Interest coverBad
Valuation
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 45/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.6B | $1.7B | $1.8B | $1.9B |
| Operating income | $530M | $595M | $584M | $703M | $899M |
| Net income | $516M | $433M | $431M | $811M | $703M |
| Operating cash flow | $905M | $976M | $980M | $1.1B | $1.1B |
| Operating margin | 36.8% | 37.0% | 35.0% | 39.6% | 47.6% |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $7.51 | $6.27 | $6.32 | $11.54 | $10.40 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
3 bullish · 4 neutral · 9 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 270.3 | Bearish |
| EMA 10 | 270.1 | Bearish |
| SMA 20 | 270.1 | Bearish |
| EMA 20 | 270.7 | Bearish |
| SMA 50 | 275.2 | Bearish |
| EMA 50 | 273.8 | Bearish |
| SMA 100 | 279.3 | Bearish |
| EMA 100 | 273.5 | Bearish |
| SMA 200 | 264.3 | Bullish |
| EMA 200 | 268.7 | Bullish |
Oscillators (daily)
| RSI (14) | 45.09 | Neutral |
| MACD (12, 26) | -1.28 | Bearish |
| Momentum (12) | 0.01 | Bullish |
| Stochastic %K (14) | 32.11 | Neutral |
| Williams %R (14) | -67.89 | Neutral |
| CCI (20) | -22.77 | Neutral |
Pivot points (classic, last session)
S3 263.2 | S2 265.6 | S1 267.5 | Pivot 269.9 | R1 271.8 | R2 274.2 | R3 276.1 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
10.34 USD
Yield on today's price
3.84%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 30 Sep 2026 | 2.5900 |
| 30 Jun 2026 | 2.5900 |
| 31 Mar 2026 | 2.5900 |
| 2 Jan 2026 | 2.5700 |
| 30 Sep 2025 | 2.5700 |
| 30 Jun 2025 | 2.5700 |
| 31 Mar 2025 | 2.5700 |
| 2 Jan 2025 | 2.4500 |
| 30 Sep 2024 | 2.4500 |
| 28 Jun 2024 | 2.4500 |
| 27 Mar 2024 | 2.4500 |
| 29 Dec 2023 | 2.3100 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ESS SEC filings
25 Sep 2026
8-KSEC EDGAR
Entered a material agreement
11 Sep 2026
8-KSEC EDGAR
Regulation FD disclosure
30 Jul 2026
10-QSEC EDGAR
Quarterly report
29 Jul 2026
8-KSEC EDGAR
Results of operations
29 May 2026
8-KSEC EDGAR
Regulation FD disclosure
14 May 2026
8-KSEC EDGAR
Shareholder vote results
29 Apr 2026
10-QSEC EDGAR
Quarterly report
28 Apr 2026
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.