A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
Table of Contents Essex Property Trust, Inc. (“Essex”), a Maryland corporation, is an S&P 500 company that operates as a self-administered and self-managed real estate investment trust (“REIT”). Essex owns all of its interest in its real estate and other investments directly or indirectly through Essex Portfolio, L.P. (the “Operating Partnership” or “EPLP”). Essex is the sole general partner of the Operating Partnership and as of December 31, 2025, had an approximately 96.6% general partner interest in the Operating Partnership. In this report, the terms “Company,” “we,” “us,” and “our” also refer to Essex Property Trust, Inc., the Operating Partnership and those entities/subsidiaries owned or controlled by Essex and/or the Operating Partnership. Essex has elected to be treated as a REIT for federal income tax purposes commencing with the year ended December 31, 1994. Essex completed its initial public offering on June 13, 1994.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.9B | 1.9B | 1.8B | 1.7B | 1.6B | 1.4B |
| Net Income | 670M | 670M | 742M | 406M | 408M | 489M |
| EPS | $10.40 | $10.40 | $11.54 | $6.32 | $6.27 | $7.51 |
| Free Cash Flow | 243M | 243M | 128M | 840M | 812M | 784M |
| ROIC | 7.8% | 8.0% | 6.4% | 5.9% | 5.4% | 4.6% |
| Gross Margin | 37.7% | 37.7% | 37.4% | 49.2% | 48.8% | 45.5% |
| Debt/Equity | 1.09 | 1.09 | 1.01 | 0.98 | 0.94 | 0.94 |
| Dividends/Share | $10.16 | $10.28 | $9.80 | $9.24 | $8.80 | $8.36 |
| Operating Income | 899M | 899M | 703M | 584M | 595M | 530M |
| Operating Margin | 47.6% | 47.6% | 39.6% | 35.0% | 37.0% | 36.8% |
| ROE | 12.1% | 12.1% | 13.4% | 7.5% | 7.1% | 8.2% |
| Shares Outstanding | 64M | 64M | 64M | 64M | 65M | 65M |
ESSEX PROPERTY TRUST, INC. passes 2 of 9 quality checks, indicating weak fundamentals.
ESSEX PROPERTY TRUST, INC. trades at 23.9x trailing earnings, compared to its 15-year median P/E of 28.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 17.2x vs a median of 19.4x. The company's 5-year average ROIC is 6.1% with a gross margin of 43.7%. Total shareholder yield (dividends) is 4.1%. At current prices, the estimated annualized return to fair value is +3.4%.
ESSEX PROPERTY TRUST, INC. (ESS) has a current P/E ratio of 23.9, compared to its historical median P/E of 28.7. The stock is currently considered Fair based on its historical valuation range.
ESSEX PROPERTY TRUST, INC. (ESS) has a 5-year average return on invested capital (ROIC) of 6.1%. This is below average and may indicate limited pricing power.
ESSEX PROPERTY TRUST, INC. (ESS) has a market capitalization of $16.0B. It is classified as a large-cap stock.
Yes, ESSEX PROPERTY TRUST, INC. (ESS) pays a dividend with a trailing twelve-month yield of 4.08%.
Based on historical P/E analysis, ESSEX PROPERTY TRUST, INC. (ESS) appears fair. The current P/E of 23.9 is 17% below its historical median of 28.7. The estimated fair value CAGR (P/E method) is 6.3%.
ESSEX PROPERTY TRUST, INC. (ESS) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
ESSEX PROPERTY TRUST, INC. (ESS) reported annual revenue of $1.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
ESSEX PROPERTY TRUST, INC. (ESS) has a net profit margin of 35.5%. This is a strong margin indicating high profitability.
ESSEX PROPERTY TRUST, INC. (ESS) generated $243 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ESSEX PROPERTY TRUST, INC. (ESS) has a debt-to-equity ratio of 1.09. This indicates moderate leverage.
ESSEX PROPERTY TRUST, INC. (ESS) reported earnings per share (EPS) of $10.40 in its most recent fiscal year.
ESSEX PROPERTY TRUST, INC. (ESS) has a return on equity (ROE) of 12.1%. This indicates moderate shareholder returns.
ESSEX PROPERTY TRUST, INC. (ESS) has a 5-year average gross margin of 43.7%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for ESSEX PROPERTY TRUST, INC. (ESS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ESSEX PROPERTY TRUST, INC. (ESS) has a book value per share of $86.06, based on its most recent annual SEC filing.
No recent press releases.