Essex Property Trust, Inc. logo ESS - Essex Property Trust, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 16
HOLD 26
SELL 4
STRONG
SELL
0
| PRICE TARGET: $284.73 DETAILS
HIGH: $310.00
LOW: $273.00
MEDIAN: $282.00
CONSENSUS: $284.73
UPSIDE: 2.90%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Revenue
Revenue 1,900.6 1,774.5 1,669.4 1,606.8 1,440.6 1,495.7 1,460.2 1,400.1 1,363.9 1,294.0 1,194.4 970.9 610.6 535.2 467.4 410.3 411.4 408.4 379.0 339.8 314.2 289.9 239.8 208.2 179.4 182.8 146.0 125.3 84.6 50.7 49.9 20.4
Cost of Revenue 592.6 566.8 532.0 497.7 232.2 211.6 189.2 183.6 176.5 169.3 363.5 312.5 197.3 172.2 162.1 145.9 139.7 132.4 123.0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 1,308.0 1,207.6 1,137.3 1,109.1 1,208.3 1,284.2 1,270.9 1,216.4 1,187.4 1,124.7 830.9 658.4 413.3 363.0 305.3 264.4 271.7 276.0 256.0 339.8 314.2 289.9 239.8 208.2 179.4 182.8 146.0 125.3 84.6 50.7 49.9 20.4
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 68.6 98.9 63.5 56.6 51.8 65.4 54.3 53.5 41.4 40.8 40.1 40.9 25.6 23.3 20.7 26.0 23.7 27.0 26.3 22.2 19.1 51.4 30.9 24.2 7.5 22.0 17.0 14.7 9.2 5.3 1.8 0.6
Other Expenses 405.3 405.6 489.5 457.3 626.5 727.3 735.5 651.0 673.1 663.2 459.6 416 197.9 171.4 150.0 130.5 131.1 110.4 180.4 269.9 257.9 222.3 180.2 147.2 126.1 66.2 55.7 50.6 33.7 21.5 (24.8) (11.8)
Operating Expenses 473.9 504.5 553.0 513.8 678.3 792.7 789.8 704.4 714.5 703.9 499.7 456.9 224.5 196.0 170.7 153.8 159.2 138.0 206.7 292.1 277.0 240.4 189.8 155.8 133.6 88.2 72.7 65.3 42.9 26.8 (23) (11.2)
Operating Income
Operating Income 834.0 703.1 584.3 595.2 530.0 491.4 481.1 512.0 472.9 420.8 331.2 201.5 188.7 167.0 134.6 110.6 112.5 138.0 49.3 47.7 37.2 49.5 50.0 52.4 45.8 94.6 73.4 60.0 41.7 23.9 72.9 31.6
Interest Expense 257.3 235.5 212.9 223.8 203.1 220.6 217.3 220.5 222.9 219.7 204.8 164.6 116.5 111.9 91.7 82.8 86.0 85.1 78.9 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 17.0 81.0 46.3 0 98.7 41.0 46.3 23.0 24.6 27.3 19.1 11.8 11.6 13.8 17.1 27.8 13.0 11.3 3.9 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 1,562.8 1,627.1 1,192.1 1,196.1 1,503.8 1,610.4 1,408.4 1,346.7 1,378.9 1,323.8 906.5 659.6 450.9 410.2 302.7 266.5 249.6 279.0 222.1 203.6 188.0 184.7 151.8 93.9 45.8 245.9 99.5 81.9 55.7 32.8 82.3 36.4
EBIT 955.2 1,046.8 643.6 656.8 983.7 1,084.9 924.6 866.9 910.0 882.1 453.1 299.0 257.4 239.5 138.7 131.9 131.1 165.7 121.7 120.6 107.9 110.2 100.0 52.4 45.8 214.5 73.4 60.0 41.7 23.9 72.9 31.6
Income Before Tax 698.0 811.3 430.7 433.0 515.7 864.3 707.3 646.4 687.1 662.5 248.2 134.4 140.9 127.7 47.0 49.2 45.1 80.7 42.7 33.5 49.9 73.0 27.2 36.7 46.4 0 0 0 0 12.5 0 0
Income Tax Expense 0.3 0 0 0 0 1.5 1.5 0 0 4.4 0 0 0 0 0 0 0 0 0.4 0.5 2.5 0.3 0 0 0 0 0 0 0 0 0 0
Net Income 672.5 741.5 405.8 408.3 488.6 568.9 439.3 390.2 433.1 415.0 232.1 122.2 156.3 125.3 47.1 35.9 37.1 65.4 115.6 62.7 79.7 79.7 37.9 52.9 48.5 44.4 43.6 26.3 29.3 8.9 10.8 3.3
Per Share Data
EPS (Basic) 10.41 11.55 6.32 6.27 7.51 8.69 6.67 5.91 6.58 6.28 3.50 2.07 4.05 3.42 1.24 1.14 3.01 2.23 4.34 2.50 3.38 3.39 1.58 2.62 2.63 2.42 2.41 1.37 1.96 1.13 1.73 0.52
EPS (Diluted) 10.41 11.54 6.32 6.27 7.51 8.68 6.66 5.90 6.57 6.27 3.49 2.06 4.04 3.41 1.24 1.14 2.91 2.21 4.24 2.45 3.32 3.36 1.57 2.60 2.63 2.37 2.36 1.36 1.92 1.12 1.73 0.52
Shares Outstanding 64.5 64.2 64.3 65.1 65.1 65.5 65.8 66.0 65.8 65.5 64.9 56.5 37.2 35.0 32.5 29.6 27.3 25.2 24.5 23.1 23.0 22.9 21.5 18.5 18.5 18.2 17.5 16.6 13.6 7.3 6.2 6.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Current Assets
Cash & Cash Equivalents 85.6 66.8 391.7 33.3 48.4 73.6 70.1 134.5 44.6 64.9 20.7 0 10.6 9.1 8.6 6.4 6.6 12.3 2.5 4.3 42.7 0 0
Short-Term Investments 98.1 69.8 87.8 112.7 191.8 147.8 144.2 209.5 190.0 139.2 134.8 45.3 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 141.6 206.7 174.6 103.0 341.0 195.1 134.4 71.9 100.9 41.0 36.3 47.6 11.0 52.0 55.4 85.8 101.1 22.7 29.3 17.9 7.7 0 0
Inventory 0 0 0 0 0 57.9 0 0 0 102.0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets (98.1) 9.1 8.6 9.4 (54.7) (36.9) (29.9) (22.5) (22.6) 56.9 32.3 66.1 (46.8) (78.2) (75.1) (98.9) (115.4) (38.5) (35.3) (26.0) (54.1) 0 0
Total Current Assets 227.2 352.3 662.8 258.5 591.5 484.9 359.7 432.8 352.1 452.4 245.4 176.4 0 0 0 0 0 0 0 0 0 0 0
Non-Current Assets
Property, Plant & Equipment 50.8 51.6 63.8 67.2 69.0 72.1 74.7 0 0 0 2,938.4 2,912.0 2,138.4 1,718.4 1,529.1 1,112.2 1,140.8 952.9 865.4 693.2 346.2 252.7 248.2
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 7.5 7.7 6.1 7.4 8.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 630.5 935.0 1,061.7 1,127.5 1,177.8 1,018.0 1,335.3 1,300.1 1,156.0 1,161.3 70.8 76.3 49.7 93.4 61.2 95.5 65.7 48.0 10.6 9.5 8.5 0 0
Other Non-Current Assets 12,242.9 11,580.7 10,567.1 10,912.3 11,150.7 11,361.2 10,935.7 10,650.6 10,987.7 10,603.7 0 0 (2,188.1) (1,811.8) (1,590.3) (1,207.6) (1,206.5) (1,000.9) (876.0) (702.7) (354.7) (252.7) (248.2)
Total Non-Current Assets 12,931.8 12,575.0 11,698.7 12,114.4 12,406.4 12,451.3 12,345.8 11,950.8 12,143.6 11,765.0 3,009.2 2,988.4 0 0 0 0 0 0 0 0 0 0 0
Total Assets 13,159.0 12,927.4 12,361.4 12,372.9 12,997.9 12,936.2 12,705.4 12,383.6 12,495.7 12,217.4 3,254.6 3,164.8 2,217.2 1,728.6 1,619.7 1,329.5 1,281.8 1,062.3 931.8 738.8 417.2 273.7 269.1
Current Liabilities
Account Payables 221.2 212.7 176.4 165.5 180.8 152.9 158.0 127.1 127.5 138.2 48.8 56.8 8.0 11.2 17.9 13.0 15.9 15.1 17.5 12.1 1.1 0 0
Short-Term Debt 549.4 137.9 0 52.1 341.3 0 55 0 179 125 239 120 0 0 0 0 0 10.5 35.7 27.6 0 18.5 15
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities (671.7) 0 0 0 0 29.8 0 0 0 0 (239) 16.4 (30.0) (32.6) (35.8) (29.6) (30.4) (38.9) (64.3) (48.9) (7.3) (18.5) (15)
Total Current Liabilities 98.8 530.5 352.8 389.9 694.4 356.0 397.3 315.0 479.7 409.3 82.6 225.4 0 0 0 0 0 0 0 0 0 0 0
Non-Current Liabilities
Long-Term Debt 6,302.4 6,463.7 6,205.7 5,906.1 5,946.2 6,251.5 5,753.9 5,605.9 5,510.1 5,438.3 1,847.4 1,640.6 1,317.0 984.9 804.1 638.7 595.5 384.1 361.5 276.6 153.2 136.1 135
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 969.4 129.5 111.7 86.0 75.5 39.1 36.6 33.4 69.9 32.9 51.1 219.0 (1,322.0) (984.9) (804.1) (638.7) (600.5) (389.1) (366.5) (276.6) (153.2) (136.1) (135)
Total Non-Current Liabilities 7,323.3 6,645.6 6,382.5 6,060.8 6,092.3 6,364.7 5,867.2 5,639.3 5,580.0 5,471.2 1,898.5 1,859.7 0 0 0 0 0 0 0 0 0 0 0
Total Liabilities 7,422.1 7,176.1 6,735.2 6,450.6 6,786.7 6,720.7 6,264.5 5,954.3 6,059.7 5,880.5 1,981.1 2,085.1 1,385.8 895.1 865.9 691.4 652.0 436.3 411.6 311.3 169.1 162.6 157.9
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0
Retained Earnings (1,148.2) (1,155.7) (1,267.5) (1,080.2) (916.8) (861.2) (887.6) (812.8) (833.7) (805.4) (223.0) (130.7) (80.5) (74.2) (43.8) (39.9) (36.8) (37.4) (41.5) (31.9) (33.3) (27.3) (27.4)
Accumulated Other Comprehensive Income 6.0 24.7 33.6 46.5 (5.6) (14.7) (13.9) (13.2) (18.4) (32.1) (24.2) (75.4) 0 0 0 (156.3) (119.5) (96.6) (77.8) (58.0) (47.6) 0 0
Total Stockholders' Equity 5,541.4 5,537.0 5,422.7 5,716.4 5,993.6 6,000.4 6,220.4 6,267.1 6,277.4 6,192.2 1,053.1 844.9 591.3 589.7 491.3 638.1 629.8 626.0 520.2 427.5 248.1 84.7 84.7
Total Liabilities & Equity 13,159.0 12,927.4 12,361.4 12,372.9 12,997.9 12,936.2 12,705.4 12,383.6 12,495.7 12,217.4 3,254.6 3,164.8 2,217.2 1,728.6 1,619.7 1,329.5 1,281.8 1,062.3 931.8 738.8 417.2 273.7 269.1
Debt Metrics
Total Debt 6,903.2 6,654.1 6,270.8 6,026.9 6,358.1 6,325.6 5,885.6 5,605.9 5,689.1 5,563.3 2,086.4 1,760.6 1,317.0 984.9 804.1 638.7 595.5 394.6 397.2 304.2 153.2 154.6 150
Net Debt 6,817.7 6,587.3 5,879.1 5,993.6 6,309.7 6,251.9 5,815.5 5,471.5 5,644.5 5,498.3 2,065.8 1,760.6 1,306.3 975.8 795.5 632.2 588.9 382.3 394.7 299.9 110.5 154.6 150
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Operating Activities
Net Income 669.7 811.3 430.7 433.0 515.7 599.3 464.4 413.6 458.0 438.4 79.7 79.7 37.9 52.9 48.5 44.5 43.8 31.0 29.7 12.3 10.6 3.3
Depreciation & Amortization 614.7 580.2 548.4 539.3 520.1 525.5 483.8 479.9 468.9 441.7 80.1 72.9 49.4 37.2 36.3 30.8 26.1 21.9 14.0 8.9 9.4 4.8
Stock-Based Compensation 10.2 7.2 8.0 7.2 7.3 8.2 7.0 7.1 9.3 10.9 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (4.3) 55.3 (1.7) (2.5) 33.3 (13.4) 37.5 (0.2) (24.1) (1.1) (4.2) 6.6 (5.0) (13.5) (3.4) (2.1) 6.1 (3.9) 3.0 (0.7) (1) 6.2
Other Non-Cash Items (215.9) (385.7) (5.5) 8.8 (1.6) (16.4) (0.3) (8.0) (5.9) (15.2) (31.0) (37.5) 21.0 9.1 17.4 19.0 7.5 10.0 0.2 (0.3) (2.4) (2.2)
Operating Cash Flow 1,074.4 1,068.3 980.1 975.6 905.3 803.1 919.1 826.6 766.2 712.5 124.6 121.7 103.3 85.7 98.9 92.2 83.6 59.0 46.9 20.1 16.6 12.1
Investing Activities
Capital Expenditure 0 (136.4) (140.4) (163.2) (121.2) (90.1) (101.7) (81.7) (71.0) (60.0) (235.6) (236.0) (117.3) (174.2) (75.1) (117.5) (162.9) (196.3) (275.3) (101.4) (9.5) 0
Acquisitions 0 (34.1) (37.4) (163.2) (306.3) (114.0) (402.3) (162.4) (293.4) (184.0) 0 0 (78.5) 0 0 0 0 26.4 0 0 0 0
Purchases of Investments 0 (1.0) (20.8) (18.1) (23.8) (83.4) (46.5) (38.0) (67.9) (18.8) 0 0 0 0 0 0 0 (27.0) (1.9) 0 0 0
Sales/Maturities of Investments 0 27.3 64.3 71.2 16.6 113.5 147.5 31.5 35.5 30.5 0 0 0 0 0 31.3 63.4 26.4 0 2.4 0 0
Other Investing Activities (552.5) (828.9) (10.9) 419.2 37.3 (242.9) (124.8) 190.7 (80.5) (189.1) 204.8 110.9 52.7 88.5 11.3 (95.4) (21.3) (9.4) 14.2 14.0 4.5 (94.8)
Investing Cash Flow (552.5) (973.1) (145.1) 146.0 (397.4) (416.9) (527.7) (59.9) (477.2) (421.4) (30.8) (125.1) (143.1) (85.7) (63.8) (181.6) (120.8) (179.9) (263.0) (85.0) (5) (94.8)
Financing Activities
Net Debt Issuance 201.7 289.7 243.5 (353.7) 33.3 481.6 73.7 (110.6) 90.8 247.3 (389.4) 160.5 28.2 100.8 37.0 148.2 11.4 66.5 40.4 (19.1) 4.5 (9.5)
Stock Repurchased (8.1) (0.3) (96.0) (190.0) (9.6) (269.6) (57.0) (52.2) 0 (75.2) (25) (62.1) (25.8) (20.0) (7.5) 0 (7.1) 0 0 0 0 0
Dividends Paid (654.1) (620.5) (587.0) (565.9) (542.9) (536.1) (507.8) (484.2) (450.6) (411.1) (76.3) (72.7) (68.4) (55.6) (50.0) (42.4) (38.6) (35.1) (25.0) (12.0) (10.5) (4)
Other Financing Activities (51.7) (88.7) (37.8) (26.0) (9.0) (53.8) (43.2) (29.5) 49.3 (36.4) 396.1 (32.0) (22.2) (26.4) (17.7) (25.4) (125.0) (15.0) (4.7) (5.2) (4.1) (16.4)
Financing Cash Flow (512.2) (419.7) (477.3) (1,137.6) (533.3) (383.3) (461.7) (676.4) (310.8) (255.9) (90.1) (0.8) 40.4 2.1 (35.2) 83.7 47.0 119.1 205.7 107.8 (10.1) 82.2
Cash Position
Net Change in Cash 9.7 (324.5) 357.7 (16.0) (25.4) 2.9 (70.3) 90.3 (20.3) 35.2 3.7 (4.1) 0.6 2.1 (0.2) (5.7) 9.8 (1.7) (38.4) 42.9 (10.1) 82.2
Cash at Beginning 75.8 400.3 42.7 58.6 84.0 81.1 151.4 61.1 64.9 29.7 10.6 14.8 8.6 6.4 6.6 12.3 2.5 4.3 42.7 4.0 2.4 2.8
Cash at End 85.6 75.8 400.3 42.7 58.6 84.0 81.1 151.4 44.6 64.9 14.3 10.6 9.1 8.6 6.4 6.6 12.3 2.5 4.3 46.9 (7.7) 85
Free Cash Flow 1,074.4 931.9 839.7 812.5 784.1 713.0 817.4 744.9 695.2 652.5 (111.0) (114.2) (14.0) (88.5) 23.7 (25.4) (79.3) (137.2) (228.4) (81.3) 7.1 12.1
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Income Statement
Revenue 1,900.6 1,774.5 1,669.4 1,606.8 1,440.6 1,495.7 1,460.2 1,400.1 1,363.9 1,294.0 1,194.4 970.9 610.6 535.2 467.4 410.3 411.4 408.4 379.0 339.8 314.2 289.9 239.8 208.2 179.4 182.8 146.0 125.3 84.6 50.7 49.9 20.4
Gross Profit 1,308.0 1,207.6 1,137.3 1,109.1 1,208.3 1,284.2 1,270.9 1,216.4 1,187.4 1,124.7 830.9 658.4 413.3 363.0 305.3 264.4 271.7 276.0 256.0 339.8 314.2 289.9 239.8 208.2 179.4 182.8 146.0 125.3 84.6 50.7 49.9 20.4
Operating Income 834.0 703.1 584.3 595.2 530.0 491.4 481.1 512.0 472.9 420.8 331.2 201.5 188.7 167.0 134.6 110.6 112.5 138.0 49.3 47.7 37.2 49.5 50.0 52.4 45.8 94.6 73.4 60.0 41.7 23.9 72.9 31.6
Net Income 672.5 741.5 405.8 408.3 488.6 568.9 439.3 390.2 433.1 415.0 232.1 122.2 156.3 125.3 47.1 35.9 37.1 65.4 115.6 62.7 79.7 79.7 37.9 52.9 48.5 44.4 43.6 26.3 29.3 8.9 10.8 3.3
EPS (Diluted) 10.41 11.54 6.32 6.27 7.51 8.68 6.66 5.90 6.57 6.27 3.49 2.06 4.04 3.41 1.24 1.14 2.91 2.21 4.24 2.45 3.32 3.36 1.57 2.60 2.63 2.37 2.36 1.36 1.92 1.12 1.73 0.52
Balance Sheet
Cash & Equivalents 85.6 66.8 391.7 33.3 48.4 73.6 70.1 134.5 44.6 64.9 20.7 0 10.6 9.1 8.6 6.4 6.6 12.3 2.5 4.3 42.7 0 0
Total Assets 13,159.0 12,927.4 12,361.4 12,372.9 12,997.9 12,936.2 12,705.4 12,383.6 12,495.7 12,217.4 3,254.6 3,164.8 2,217.2 1,728.6 1,619.7 1,329.5 1,281.8 1,062.3 931.8 738.8 417.2 273.7 269.1
Total Debt 6,903.2 6,654.1 6,270.8 6,026.9 6,358.1 6,325.6 5,885.6 5,605.9 5,689.1 5,563.3 2,086.4 1,760.6 1,317.0 984.9 804.1 638.7 595.5 394.6 397.2 304.2 153.2 154.6 150
Stockholders' Equity 5,541.4 5,537.0 5,422.7 5,716.4 5,993.6 6,000.4 6,220.4 6,267.1 6,277.4 6,192.2 1,053.1 844.9 591.3 589.7 491.3 638.1 629.8 626.0 520.2 427.5 248.1 84.7 84.7
Cash Flow
Operating Cash Flow 1,074.4 1,068.3 980.1 975.6 905.3 803.1 919.1 826.6 766.2 712.5 124.6 121.7 103.3 85.7 98.9 92.2 83.6 59.0 46.9 20.1 16.6 12.1
Capital Expenditure 0 (136.4) (140.4) (163.2) (121.2) (90.1) (101.7) (81.7) (71.0) (60.0) (235.6) (236.0) (117.3) (174.2) (75.1) (117.5) (162.9) (196.3) (275.3) (101.4) (9.5) 0
Free Cash Flow 1,074.4 931.9 839.7 812.5 784.1 713.0 817.4 744.9 695.2 652.5 (111.0) (114.2) (14.0) (88.5) 23.7 (25.4) (79.3) (137.2) (228.4) (81.3) 7.1 12.1