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ESS US​

Essex Property Trust, Inc.(ESS US)

$278.35-4.101.45%Ext:$278.49+0.140.05%(Market Closed · 23:47:21 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Essex Property Trust, Inc. — Company Profile

Essex Property Trust, Inc., a prominent S&P 500 constituent, operates as a vertically integrated real estate investment trust (REIT). The company focuses on the purchase, construction, renovation, and ongoing management of residential apartment complexes across select West Coast regions. Currently, Essex maintains ownership interests in 246 apartment communities, offering a total of roughly 60,000 homes, with an additional six properties actively advancing through various stages of development.

Sector
Real Estate
Industry
Specialized REITs
Exchange
UN
CEO
Angela L. Kleiman
Headquarters
San Mateo, CA, US
IPO Date
Jun 7, 1994
Employees
1,688
Website
www.essexapartmenthomes.com

Key Metrics

Price
$268.05
Market Cap
$17.23B
Revenue (TTM)
$484.76M
Net Income (TTM)
$106.19M
EPS (TTM)
1.65
P/E (TTM)
29.93
P/B (TTM)
3.17
Dividend Yield
3.79%
ROE (TTM)
1.95%
ROA (TTM)
0.81%
Operating Margin
32.01%
Beta
0.22

Dividends

Last Dividend
$2.59
Last Yield
0.04%

Summary

Essex Property Trust, Inc., a prominent S&P 500 constituent, operates as a vertically integrated real estate investment trust (REIT). The company focuses on the purchase, construction, renovation, and ongoing management of residential apartment complexes across select West Coast regions. Currently, Essex maintains ownership interests in 246 apartment communities, offering a total of roughly 60,000 homes, with an additional six properties actively advancing through various stages of development.

Website
www.essexapartmenthomes.com
Location
San Mateo, CA, US
Phone650-655-7800
Employees1,688
CEOAngela L. Kleiman
Sector
Real Estate
Industry
Specialized REITs
IPO DateJun 7, 1994

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Latest Documents

SEC Filings(1.7K)

Expand
  • 8-KEntry into a Material Definitive Agreement25 Sep
  • 8-KRegulation FD Disclosure11 Sep
  • 10-QQ2ended 30 Jun 202630 Jul
  • 8-KSequential ChangeQ2 2026 compared to Q1 2026RevenuesOperatingExpensesNOISouthern California-0.2%1.0%-0.6%Northern California1.8%-2.1%3.4%Seattle Metro0.8%1.2%0.6%Same-Property Portfolio0.8%-0.2%1.2%29 Jul
  • 8-KRegulation FD Disclosure29 May
  • 4Statement of changes in beneficial ownership29 May
  • 144Kasaris Mary27 May
  • SC 13G/AESSEX PROPERTY TRUST, INC.15 May
  • 8-KSubmission of Matters to a Vote of Security Holders14 May
  • 4Statement of changes in beneficial ownership14 May
  • 4Statement of changes in beneficial ownership14 May
  • 4Statement of changes in beneficial ownership14 May
  • 4Statement of changes in beneficial ownership14 May
  • 4Statement of changes in beneficial ownership14 May
  • 4Statement of changes in beneficial ownership14 May
  • 4Statement of changes in beneficial ownership14 May
  • 4Statement of changes in beneficial ownership14 May
  • SC 13GESSEX PROPERTY TRUST, INC.29 Apr
  • 10-QQ1ended 31 Mar 202629 Apr
  • SC 13GESSEX PROPERTY TRUST, INC.29 Apr

News

  • EVIO and ElringKlinger Launch Prototype Build for EVIO 810 Energy Storage System22 Oct
  • What To Watch This REIT Earnings Season20 Oct
  • AI Reality Check, Inflation Stress Test18 Oct
  • Apartment Supply Is Finally Tightening. These 4 REITs Could Reward Investors9 Oct
  • 2 REITs At 52-Week Lows I'm Watching Closely8 Oct
  • Essex Announces Release and Conference Call Dates for Its Third Quarter 2026 Earnings6 Oct
  • Essex Property Trust, Inc. (ESS) Presents at BofA NY Global Real Estate Conference 2026 Transcript16 Sep
  • Essex Property Trust to Present at The Bank of America Global Real Estate Conference 202611 Sep
  • Essex Property Trust: Strong Quarter, Legal Uncertainty Removed9 Sep
  • Essex Property Trust Declares Quarterly Distributions3 Sep
  • Canada Pension Plan Investment Board Purchases Shares of 16,900 Essex Property Trust, Inc. $ESS31 Aug
  • Connor Clark & Lunn Investment Management Ltd. Purchases New Position in Essex Property Trust, Inc. $ESS31 Aug
  • Why Is Essex Property Trust (ESS) Down 0.4% Since Last Earnings Report?28 Aug
  • Zacks Industry Outlook Essex Property, Equity LifeStyle and American Homes26 Aug
  • Bank of Nova Scotia Invests $3.15 Million in Essex Property Trust, Inc. $ESS26 Aug
  • 3 Residential REITs Worth Considering as the Industry Recovers24 Aug
  • Essex Property Trust (NYSE:ESS) versus BSR Real Estate Investment Trust (OTCMKTS:BSRTF) Head-To-Head Contrast21 Aug
  • BlackRock Inc. Invests $2.17 Billion in Essex Property Trust, Inc. $ESS20 Aug
  • Essex Property Trust: Premium Is The Point14 Aug
  • ESS Reschedules Second Quarter 2026 Financial Results Conference Call to Tuesday, August 11, 2026 at 5:00 p.m. Eastern Time10 Aug

Mentions in Filings

  • #Equity LifeStyle Properties, Inc. 309,418 19,545,935 Equity Residential 608,393 37,915,052 Essential Properties Realty Trust, Inc. 329,855 10,014,398 Essex Property Trust, Inc. 108,229 27,259,638 Extra Space Storage, Inc., Class B 357,490 49,322,895 Federal Realty Investment Trust 137,264 13,885,626 First Industrial Realty Trust, Inc. 222,192 12,893,802 456 Dimensional Global Real Estate ETF cont …
    Dimensional ETF TrustEssex Property Trust, Inc.·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
  • … Green Street in 1997. Before Green Street, Mr. Arabia served as Consulting Manager at EY Kenneth Leventhal in the firm’s west coast lodging consulting practice. Mr. Arabia has served on the board of directors of <strong>Essex Property Trust, Inc.</strong> (NYSE: ESS) since January 2024. He previously served on the board of directors of Education Realty Trust, Inc. (NYSE: EDR) from March 2014 until its privatization in September 2018. Mr. Arabia received a Bachelo …
    Janus Living, Inc.Essex Property Trust, Inc.·424B4 - Prospectus filing (Rule 424(b)(4))·Q3 26·11 Aug
  • … Green Street in 1997. Before Green Street, Mr. Arabia served as Consulting Manager at EY Kenneth Leventhal in the firm’s west coast lodging consulting practice. Mr. Arabia has served on the board of directors of <strong>Essex Property Trust, Inc.</strong> (NYSE: ESS) since January 2024. He previously served on the board of directors of Education Realty Trust, Inc. (NYSE: EDR) from March 2014 until its privatization in September 2018. Mr. Arabia received a Bachelo …
    Janus Living, Inc.Essex Property Trust, Inc.·S-11 - Registration statement (real estate companies)·Q3 26·10 Aug
  • … Green Street in 1997. Before Green Street, Mr. Arabia served as Consulting Manager at EY Kenneth Leventhal in the firm’s west coast lodging consulting practice. Mr. Arabia has served on the board of directors of <strong>Essex Property Trust, Inc.</strong> (NYSE: ESS) since January 2024. He previously served on the board of directors of Education Realty Trust, Inc. (NYSE: EDR) from March 2014 until its privatization in September 2018. Mr. Arabia received a Bachelo …
    Janus Living, Inc.Essex Property Trust, Inc.·DRS - Draft registration statement·Q3 26·4 Aug
  • … | | ​ | ​ | ​ | ​ | ***Real Estate — 7.91%*** | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | | 31 | ​ | AMT | ​ | American Tower Corporation | ​ | ​ | 1.97 | ​ | ​ | 166.18 | ​ | ​ | 5,152 | ​ | | 19 | ​ | ESS | ​ | <strong>Essex Property Trust, Inc.</strong> | ​ | ​ | 1.95 | ​ | ​ | 268.05 | ​ | ​ | 5,093 | ​ | | 41 | ​ | PLD | ​ | Prologis, Inc. | ​ | ​ | 2.00 | ​ | ​ | 127.30 | ​ | ​ | 5,219 | ​ | | 88 | ​ | VMRK | ​ | Vivmark Residential | ​ | ​ | 1.99 | ​ | ​ | …
    Advisors Disciplined Trust 2362Essex Property Trust, Inc.·487 - Registration statement (unit investment trusts)·Q4 26·8 Oct
  • … | **Camden Property Trust** | | **Canadian Apartment Properties Real Estate Investment Trust** | **Centerspace** | | **Clipper Realty Inc.** | **Equity LifeStyle Properties, Inc.** | | **Equity Residential** | **<strong>Essex Property Trust, Inc.</strong>** | | **European Residential Real Estate Investment Trust** | **Flagship Communities Real Estate Investment Trust** | | **Independence Realty Trust, Inc.** | **InterRent Real Estate Investment Trust** | | **Invi …
    BSR Real Estate Investment TrustEssex Property Trust, Inc.·EX-99.18 - 40FR12B - EXHIBIT 99.18·Q3 26·30 Sep

Key Stats

Trading

Px/Chg 1D$268.05 / -0.23%
Avg Volume479.19K
Beta0.22
Mkt Cap17.23B
FD Mkt Cap18.14B

Float

Shrs Out/Float64.26M / 63.56M
Short Float0.03%
Days to Cover3.52
Stock Repurchased$50.21M

Current Valuation

EV24.23B
EV/EBITDA16.53
EV/Sales12.70
P/B3.17
P/S9.03
FCF Yield1.55%
ROE1.95%
ROA0.81%
Current Ratio0.45

Dividend

Cash$2.59
Yield3.79%
Yield (TTM)3.79%

Estimates

P/E29.93
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings93.1633.7038.9923.83207.05162.22
Price / Sales19.918.569.489.9636.0035.53
Price / Book Value2.962.412.923.193.123.17
Price / Free Cash Flow41.5716.9418.8418.9688.7064.42
ENTERPRISE VALUE METRICS
Enterprise Value22,969.419,961.221,904.624,474.524,280.324,226.2
Enterprise Value / Sales27.9912.4213.1213.7950.6249.98
Enterprise Value / EBITDA40.9116.6918.3815.0481.2673.16
Enterprise Value / EBIT78.4230.3934.0323.38166.84137.47

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue7.2%1,440.61,606.81,669.41,774.51,900.6
Gross Income2%1,208.31,109.11,137.31,207.61,308.0
EBITDA96.7%1,503.81,196.11,192.11,627.11,562.8
EBIT-73.2%983.7656.8643.61,046.8955.2
Net Income8.3%488.6408.3405.8741.5672.5
EPS (Diluted)8.5%7.516.276.3211.5410.41
BALANCE SHEET
Cash & ST Inv-6.5%240.2146.0479.5136.6183.7
Total Assets30.8%12,997.912,372.912,361.412,927.413,159.0
Total Liabilities2.3%6,786.76,450.66,735.27,176.17,422.1
Total Shareholder Equity-1.9%5,993.65,716.45,422.75,537.05,541.4
CASH FLOW
Net Operating Cash Flow4.4%905.3975.6980.11,068.31,074.4
Cap Ex3.7%-121.2-163.2-140.4-136.4-140.3
Free Cash Flow4.5%784.1812.5839.7931.9934.1

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)279.11
Basic Shares64.26
Market Cap17,936.1
Diluted Shares64.46
Fully Diluted Shares Outstanding64.46
Fully Diluted Market Cap17,991.9
+Consolidated Debt6,857.0
−In-the-Money Convertible Debt—
+Capital Leases50.5
+Operating Leases—
−Cash & Equivalents-47.4
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest191.6
+Pension Liabilities—
Enterprise Value24,937.3

Segment data

Revenue

by Products and services

  • Management And Other Fees From Affiliates Income100%

Revenue

by Geography

  • Santa Mateo, Ca54%
  • Santa Clara, Ca46%

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