Essex Property Trust, Inc. ESS SPX

Real Estate · REIT - Residential · United States

https://www.essexapartmenthomes.com

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust. The firm acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 259 apartment communities comprising over 63,000 apartment homes with an additional property in active development. Essex Property Trust, Inc. was incorporated in 1971 in Maryland and is based in San Mateo, United States.

Market & Price

Market Cap

$18.79B

Current Price

$272.64

High / Low (52W)

$283.85 / $237.05

Beta

0.73

Valuation

Stock P/E

30.67

Industry PE

26.58

Forward P/E

46.07

PEG Ratio

7.02

Book Value

$84.52

Price to Book

3.23

P/S

9.56

EV/EBITDA

19.18

Dividend Yield

3.80%

Profitability & Returns

ROCE

7.55%

ROE

10.56%

ROA

3.17%

Profit Margin

29.13%

Op Margin

35.17%

EPS (Latest Qtr)

$1.65

EPS (TTM)

$8.89

Balance Sheet & Liquidity

Debt/Equity

1.22

Quick Ratio

0.06

Current Ratio

0.30

Debt

$6.86B

Total Assets

$13.16B

Current Assets

$325.25M

Working Capital

$-94.55M

Ownership

Promoter Holding

0.73%

Chg in Prom Hold

-0.00%

FII / Inst Holding

101.30%

Chg in FII Hold

0.00%

Financial Snapshot

Enterprise Value

$24.53B

Total Revenue (TTM)

$1.97B

EBITDA

$1.28B

Free Cash Flow

$983.00M

Operating Cash Flow

$1.08B

Shares Outstanding

64.26M

Gross Margin

68.88%

Payout Ratio

115.86%

Growth (CAGR)

Revenue 5Y

5.51%

Profit 5Y

17.93%

Revenue (YoY)

6.40%

Earnings (YoY)

-47.80%

PROS

Excellent profit margin of 29.1%.
Profit CAGR of 17.9% over 5 years.
Attractive dividend yield of 3.80%.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Real Estate).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	ESS Essex Property Trust, Inc. SPX	272.64	30.67	$18.79B	3.80%	7.55%	10.56%	5.51%	17.93%
2	WELL Welltower Inc. SPX	205.33	99.19	$144.95B	1.44%	0.26%	3.67%	22.69%	87.90%
3	PLD Prologis, Inc. SPX	143.47	36.14	$133.76B	2.98%	4.94%	6.84%	13.74%	-0.36%
4	EQIX Equinix, Inc. SPX	1,068.04	74.07	$105.33B	1.84%	5.61%	10.06%	8.27%	24.18%
5	AMT American Tower Corporation SPX	186.96	30.11	$87.10B	3.73%	7.82%	29.95%	3.34%	12.73%
6	SPG Simon Property Group, Inc. SPX	204.91	14.25	$77.86B	4.29%	17.44%	113.59%	6.35%	29.32%
7	DLR Digital Realty Trust, Inc. SPX	190.00	50.53	$67.96B	2.57%	3.99%	5.69%	9.22%	51.32%
8	O Realty Income Corporation SPX	61.28	50.23	$57.14B	5.30%	3.27%	2.83%	19.80%	6.78%
9	PSA Public Storage SPX	303.69	31.34	$53.31B	3.95%	10.69%	20.18%	4.88%	-25.69%

Quarterly Results

Figures in USD.

Metric	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.33M	2.26M	2.43M	-	2.62M	2.35M	2.35M	2.25M	2.22M	2.24M	2.69M	2.74M	2.89M	2.77M	2.78M	2.79M	2.71M	2.57M	-	-	464.58M	469.83M	473.30M	479.63M	484.76M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	150.95M	147.42M	155.65M	153.78M	154.65M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	297.72M	313.25M	-	-	313.63M	322.42M	317.65M	325.84M	330.10M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	167.58M	168.66M	167.59M	173.96M	178.52M
Operating Income	80.97M	82.69M	-	100.00M	105.87M	109.41M	-	109.23M	112.25M	112.67M	-	110.55M	138.52M	113.90M	-	115.69M	124.56M	124.04M	-	130.84M	119.74M	128.94M	197.38M	93.38M	137.97M	109.85M	128.63M	128.61M	187.38M	134.83M	131.78M	132.36M	137.45M	-	-	146.21M	153.76M	150.06M	151.88M	151.58M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	426.80M	448.29M	388.87M	304.76M	332.67M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62.73M	65.26M	64.66M	65.75M	65.56M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	212.78M	231.53M	172.72M	85.75M	112.21M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	46.87M	43.64M	-	81.84M	72.01M	65.56M	-	178.96M	70.76M	79.72M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	203.11M	221.36M	164.62M	80.57M	106.19M
Diluted EPS	0.70	0.65	1.22	1.19	1.10	1.00	2.98	2.72	1.08	1.21	1.57	1.38	1.52	1.22	1.78	1.81	1.40	1.51	1.95	4.76	1.29	1.13	2.59	1.00	1.82	1.12	0.87	1.43	2.38	1.55	1.36	4.25	1.45	-	-	3.16	3.44	2.56	1.25	1.65

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	-	9.18M	9.53M	9.60M	-	1.61B	1.67B	1.77B	1.89B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	507.97M	531.35M	566.82M	608.04M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.10B	1.14B	1.21B	1.28B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	585.66M	611.91M	679.12M	677.39M
Operating Income	137.98M	111.73M	110.63M	134.62M	167.03M	188.71M	201.51M	331.17M	420.80M	472.94M	511.99M	481.11M	491.44M	-	513.18M	525.43M	528.51M	601.91M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.20B	1.19B	1.63B	1.57B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	223.84M	212.91M	235.53M	258.40M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	432.99M	430.71M	811.31M	702.77M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	15.67M	-10.24M	-	-	-
Net Income	62.14M	37.11M	35.93M	47.07M	125.28M	156.28M	122.15M	232.12M	414.98M	433.06M	390.15M	-	-	-	408.31M	405.82M	741.52M	669.67M
Diluted EPS	2.09	2.91	1.14	1.24	3.41	4.04	2.06	3.49	6.27	6.57	5.90	6.66	8.69	-	6.27	6.32	11.54	10.40

Compounded Sales Growth

5 Years:	5.51%
1 Year:	6.40%

Compounded Profit Growth

5 Years:	17.93%
1 Year:	-47.80%

Stock Price Performance

1 Year:	-0.11%
6 Months:	+6.57%
3 Months:	+8.02%
1 Month:	+2.91%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	3.25B	3.73B	4.04B	4.85B	5.19B	11.53B	12.01B	12.22B	12.50B	12.38B	12.71B	12.94B	-	12.37B	12.36B	12.93B	13.16B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	258.47M	662.75M	352.35M	325.25M
Cash & Equivalents	9.96M	41.91M	20.66M	13.75M	12.89M	18.61M	18.49M	25.61M	29.68M	64.92M	44.62M	134.47M	70.09M	73.63M	-	33.30M	391.75M	66.80M	76.24M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12.16M	9.35M	9.23M	10.26M
Total Liabilities	-	-	1.98B	2.37B	2.48B	2.96B	3.18B	5.37B	5.63B	5.88B	6.06B	5.95B	6.26B	6.72B	-	6.45B	6.74B	7.18B	7.42B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	389.86M	352.75M	530.48M	419.79M
Long Term Debt	-	-	-	1.83B	1.75B	1.57B	1.40B	2.23B	2.22B	2.19B	2.01B	1.81B	990.67M	643.55M	-	5.91B	6.21B	6.46B	6.80B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.03B	6.27B	6.65B	6.85B
Total Equity	-	-	1.05B	1.15B	1.44B	1.76B	1.88B	6.02B	6.24B	6.19B	6.28B	6.27B	6.22B	6.00B	-	5.72B	5.42B	5.54B	5.54B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64.60M	64.20M	64.28M	64.44M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	181.24M	173.59M	175.53M	216.57M	267.50M	304.98M	493.31M	618.17M	716.79M	769.61M	826.55M	919.08M	803.11M	-	975.65M	980.06M	1.07B	1.07B
Investing Cash Flow	-285.02M	-218.96M	-510.87M	-425.78M	-812.14M	-453.70M	-1.15B	-725.56M	-413.07M	-567.94M	-59.89M	-527.69M	-416.90M	-	145.96M	-145.14M	-973.05M	-552.48M
Financing Cash Flow	135.74M	24.12M	328.43M	208.35M	550.36M	148.60M	520.61M	107.46M	-256.47M	-310.84M	-676.39M	-461.69M	-383.26M	-	-1.14B	-477.27M	-419.74M	-512.20M
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-163.19M	-140.37M	-136.40M	-140.35M
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	-	-	812.46M	839.69M	931.91M	934.08M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15.96M	357.65M	-324.49M	9.74M
Share Buybacks	13.72M	20.27M	0	0	-	-	0	0	1.04M	0	51.23M	56.99M	269.31M	9.17M	189.73M	95.66M	0	0

Ratios (Annual)

Figures in %.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68.4%	68.2%	68.1%	67.8%
Operating Margin %	-	-	-	-	-	-	-	-	-	-	5,575.4%	5,050.0%	5,120.2%	-	31.9%	31.5%	29.8%	31.9%
Net Margin %	-	-	-	-	-	-	-	-	-	-	4,248.6%	-	-	-	25.4%	24.3%	41.8%	35.5%
ROE %	-	3.5%	3.1%	3.3%	7.1%	8.3%	2.0%	3.7%	6.7%	6.9%	6.2%	-	-	-	7.1%	7.5%	13.4%	12.1%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.3%	4.4%	4.3%	4.7%

Shareholding Pattern

Insiders

0.73%

Institutions

101.30%

Public Float

102.05%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	11.29%	7.26M	$1.98B
2	Vanguard Portfolio Management LLC	8.54%	5.49M	$1.50B
3	State Street Corporation	8.13%	5.23M	$1.42B
4	Cohen & Steers Inc.	7.54%	4.84M	$1.32B
5	Vanguard Capital Management LLC	6.53%	4.20M	$1.14B
6	Price (T.Rowe) Associates Inc	5.21%	3.35M	$912.99M
7	Geode Capital Management, LLC	2.99%	1.92M	$524.68M
8	Principal Financial Group, Inc.	2.60%	1.67M	$454.77M
9	Dimensional Fund Advisors LP	1.55%	995.81K	$271.50M
10	Invesco Ltd.	1.46%	939.24K	$256.07M

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