ESS
Essex Property Trust, Inc.
$270.79
+0.40
(+0.15%)
Mkt Cap
17.36B
Volume
141,289
52W Range
238.46-303.35
Sector
Real Estate
Beta
0.71
EPS (TTM)
6.43 USD
P/E Ratio
42.02
Revenue (TTM)
1.93B USD
Rev Growth (5Y)
+4.9%
EPS Growth (5Y)
+3.7%
AlphaVal · Fair Value
What we estimate one share is worth
$383.90
Undervalued
moderate signal
29.6% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
B
Real Estate Investment Trust
74.9 / 100 composite
A real-estate investment trust — graded A–F vs. similar companies.
Company Description
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.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.90B | 1.77B | 1.67B | 1.61B | 1.44B | 1.50B | 1.46B | 1.40B | 1.36B | 1.29B | 1.19B | 970.94M |
| Net Income | 672.49M | 741.52M | 405.82M | 408.31M | 488.55M | 568.87M | 439.29M | 390.15M | 433.06M | 414.98M | 232.12M | 122.15M |
| EPS | 10.41 | 11.55 | 6.32 | 6.27 | 7.51 | 8.69 | 6.67 | 5.91 | 6.58 | 6.28 | 3.50 | 2.07 |
| Free Cash Flow | 934.08M | 931.91M | 839.69M | 812.46M | 784.06M | 713.02M | 817.39M | 744.87M | 695.16M | 652.51M | 560.13M | 414.12M |
| FCF / Share | 14.49 | 14.51 | 13.07 | 12.48 | 12.05 | 10.89 | 12.41 | 11.28 | 10.56 | 9.97 | 8.63 | 7.32 |
| Operating CF | 1.07B | 1.07B | 980.06M | 975.65M | 905.26M | 803.11M | 919.08M | 826.55M | 766.15M | 712.52M | 617.41M | 492.98M |
| Total Assets | 13.16B | 12.93B | 12.36B | 12.37B | 13.00B | 12.94B | 12.71B | 12.38B | 12.50B | 12.22B | 12.01B | 11.56B |
| Total Debt | 6.90B | 6.65B | 6.27B | 6.03B | 6.36B | 6.33B | 5.89B | 5.61B | 5.69B | 5.56B | 5.32B | 5.08B |
| Cash & Equiv | 85.59M | 66.80M | 391.75M | 33.30M | 48.42M | 73.63M | 70.09M | 134.47M | 44.62M | 64.92M | 29.68M | 25.61M |
| Book Value | 5.54B | 5.54B | 5.42B | 5.72B | 5.99B | 6.00B | 6.22B | 6.27B | 6.28B | 6.19B | 6.24B | 6.02B |
| Return on Equity | 0.12 | 0.13 | 0.07 | 0.07 | 0.08 | 0.09 | 0.07 | 0.06 | 0.07 | 0.07 | 0.04 | 0.02 |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 489.05M | 484.76M | 479.63M | 473.30M | 469.83M | 477.79M | 454.47M | 462.35M | 442.36M | 439.29M | 421.75M | 419.18M |
| Net Income | 62.46M | 106.19M | 83.39M | 164.62M | 221.36M | 203.11M | 257.45M | 118.42M | 92.91M | 272.73M | 65.39M | 87.28M |
| EPS | 0.97 | 1.65 | 1.25 | 2.56 | 3.44 | 3.16 | 4.01 | 1.84 | 1.45 | 4.25 | 1.02 | 1.36 |
| Free Cash Flow | 273.85M | 267.38M | 194.66M | 306.23M | 179.59M | 253.59M | 179.46M | 279.65M | 184.33M | 288.47M | 157.61M | 249.78M |
| FCF / Share | 4.25 | 4.15 | 3.02 | 4.75 | 2.79 | 3.94 | 2.79 | 4.35 | 2.87 | 4.49 | 2.46 | 3.89 |
| Operating CF | 254.06M | 287.17M | 234.20M | 342.59M | 216.13M | 281.50M | 218.32M | 316.20M | 218.93M | 314.86M | 203.67M | 288.06M |
| Total Assets | 12.90B | 13.10B | 13.16B | 13.15B | 13.18B | 13.19B | 12.93B | 12.65B | 12.51B | 12.89B | 12.36B | 12.50B |
| Total Debt | 6.75B | 6.86B | 6.90B | 6.71B | 6.81B | 6.84B | 6.65B | 6.42B | 6.34B | 6.62B | 6.27B | 6.27B |
| Cash & Equiv | 66.34M | 47.41M | 85.59M | 65.96M | 58.68M | 98.73M | 66.80M | 71.29M | 55.22M | 499.04M | 391.75M | 391.99M |
| Book Value | 5.32B | 5.44B | 5.54B | 5.63B | 5.64B | 5.57B | 5.54B | 5.43B | 5.48B | 5.55B | 5.42B | 5.53B |
| Return on Equity | 0.01 | 0.02 | 0.02 | 0.03 | 0.04 | 0.04 | 0.05 | 0.02 | 0.02 | 0.05 | 0.01 | 0.02 |
ESS News
Apartment Supply Is Finally Tightening. These 4 REITs Could Reward Investors
2 REITs At 52-Week Lows I'm Watching Closely
Essex Announces Release and Conference Call Dates for Its Third Quarter 2026 Earnings
Essex Property Trust, Inc. (ESS) Presents at BofA NY Global Real Estate Conference 2026 Transcript
Essex Property Trust to Present at The Bank of America Global Real Estate Conference 2026
Essex Property Trust: Strong Quarter, Legal Uncertainty Removed
Essex Property Trust Declares Quarterly Distributions
Canada Pension Plan Investment Board Purchases Shares of 16,900 Essex Property Trust, Inc. $ESS
Connor Clark & Lunn Investment Management Ltd. Purchases New Position in Essex Property Trust, Inc. $ESS
Why Is Essex Property Trust (ESS) Down 0.4% Since Last Earnings Report?