Essex Property Trust, Inc. (ESS)

US — Real Estate Sector
Peers: MAA  INVH  SUI  NLY  AMH  WY  KIM 

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Key Metrics & Ratings

  • symbol ESS
  • Rev/Share 29.321
  • Book/Share 89.126
  • PB 2.9355
  • Debt/Equity 0.0
  • CurrentRatio 0.0
  • ROIC 3.8352

 

  • MktCap 16275540400.0
  • FreeCF/Share 11.4872
  • PFCF 22.0115
  • PE 27.8574
  • Debt/Assets 0.0
  • DivYield 0.0407
  • ROE 0.1044

 

  • Rating A-
  • Score 4
  • Recommendation Buy
  • P/E Score 2
  • DCF Score 5
  • P/B Score 1
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade ESS BMO Capital Markets Outperform Market Perform -- $280 Jan. 9, 2026
Downgrade ESS Jefferies Buy Hold -- $282 Dec. 16, 2025
Initiation ESS Cantor Fitzgerald -- Overweight -- $300 Oct. 1, 2025
Downgrade ESS BNP Paribas Exane Outperform Neutral -- -- Sept. 29, 2025
Downgrade ESS Piper Sandler Overweight Neutral -- $275 Aug. 4, 2025
Upgrade ESS Raymond James Market Perform Outperform -- $315 June 24, 2025
Upgrade ESS Deutsche Bank Hold Buy $308 $310 Jan. 21, 2025
Upgrade ESS BMO Capital Markets Market Perform Outperform $323 $310 Jan. 13, 2025
Initiation ESS Barclays -- Equal Weight -- $316 Dec. 17, 2024
Downgrade ESS JP Morgan Neutral Underweight $297 $303 Dec. 17, 2024

News

Essex Property Trust, Inc. (ESS) Q4 2025 Earnings Call Transcript
ESS
Published: February 05, 2026 by: Seeking Alpha
Sentiment: Neutral

Essex Property Trust, Inc. (ESS) Q4 2025 Earnings Call Transcript

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image for news Essex Property Trust, Inc. (ESS) Q4 2025 Earnings Call Transcript
Essex Property Q4 Core FFO Lags Estimates, Revenues Beat & Rise Y/Y
ESS
Published: February 05, 2026 by: Zacks Investment Research
Sentiment: Negative

ESS misses Q4 core FFO estimates despite higher same-property NOI and occupancy, with rising interest expenses partly weighing on results.

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image for news Essex Property Q4 Core FFO Lags Estimates, Revenues Beat & Rise Y/Y
How Are Residential REITs Positioned Ahead of Q4 Earnings?
AVB, CPT, EQR, ESS, MAA
Published: February 03, 2026 by: Zacks Investment Research
Sentiment: Neutral

ESS, MAA, AVB, EQR and CPT are expected to report Q4 results, shaped by slower rent growth, elevated supply and uneven regional demand.

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image for news How Are Residential REITs Positioned Ahead of Q4 Earnings?
Essex Property to Report Q4 Earnings: Here's What to Expect
ESS
Published: January 30, 2026 by: Zacks Investment Research
Sentiment: Positive

ESS' Q4 earnings are likely to represent steady revenue and FFO growth, tempered by softer apartment fundamentals and higher expenses.

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image for news Essex Property to Report Q4 Earnings: Here's What to Expect
Powell Under Pressure
AGG, AGNC, AGNCL, AGNCM, AGNCN, AGNCO, AGNCP, AHT, AMH, AMT, ARE, AVB, AWP, BLDG, BXMT, BXP, CCI, CDP, CUBE, DLR, DOC, EQIX, EQR, ESS, EXR
Published: January 19, 2026 by: Seeking Alpha
Sentiment: Neutral

U.S. equity markets posted mixed performance this past week as investors weighed a resilient slate of economic data against renewed tensions between the White House and the Fed. Investor reaction was surprisingly muted to news that the DOJ opened an investigation into Fed Chair Powell, but markets did reflect increased odds that the FOMC opts to dig in its heels. Encouragingly, benign consumer inflation data kept the broader disinflation narrative intact, while signs of a recovery in the long-sluggish housing sector suggested that affordability dynamics are finally improving.

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image for news Powell Under Pressure
Here's 7 Ideal "Safer" January Dividend Dogs In The S&P500
AES, AMCR, BBY, BEN, CAG, CCI, CPB, D, DOC, DOW, EIX, ES, ESS, F, FRT, HPQ, HRL, IP, KHC, KMB, KMI, LYB, MO, NVDA, OKE
Published: January 14, 2026 by: Seeking Alpha
Sentiment: Positive

Seven S&P 500 high-yield 'safer' dividend stocks—like Ford, AT&T, and VICI—offer strong payouts supported by free cash flow and attractive valuations. Analyst projections indicate 22.78% to 36.88% net gains for the top ten S&P 500 dividend dogs by January 2027, with average risk 16% below the market. Nine of the top ten S&P 500 dividend dogs already meet the ideal of annual dividends from $1K invested exceeding their share price, signaling fair or undervalued entry points.

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image for news Here's 7 Ideal "Safer" January Dividend Dogs In The S&P500
Best Dividend Aristocrats For January 2026
ABBV, ABT, ADM, ADP, AFL, ALB, AMCR, AOS, APD, ATO, BDX, BEN, BRO, CAH, CAT, CB, CHD, CHRW, CINF, CL, CLX, CTAS, CVX, DOV, ECL, BF-A, BF-B, ED, EMR, ERIE, ES, ESS, EXPD, FAST, FDS, FRT, GD, GPC, GWW, HRL, IBM, ITW, JNJ, KMB, KO, KVUE, LIN, LOW, MCD, MDT, MKC, NDSN, NEE, NOBL, NUE, O, PEP, PG, PNR, PPG, ROP, SHW, SJM, SPGI, SPY, SWK, SYY, TGT, TROW, WMT, WST, XOM
Published: December 31, 2025 by: Seeking Alpha
Sentiment: Positive

The ProShares S&P 500 Dividend Aristocrat ETF (NOBL) underperformed SPY in 2025, gaining 7.2% versus SPY's 18.42%. Despite average underperformance, select Aristocrats like CAH (+74.18%), ALB (+66.90%), and CHRW (+61.22%) delivered strong double-digit returns. Dividend growth for the Aristocrats slowed to 5.52% in 2025, down from 5.78% in 2024, with 68 of 69 raising payouts.

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image for news Best Dividend Aristocrats For January 2026
3 Residential REITs to Consider for Steady Income in 2026
CPT, ESS, UDR
Published: December 23, 2025 by: Zacks Investment Research
Sentiment: Positive

U.S. rents and occupancy slip in November 2025. However, easing supply and solid demand could support residential REITs like ESS, UDR & CPT by 2026.

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image for news 3 Residential REITs to Consider for Steady Income in 2026
Is it Wise to Retain Essex Property Stock in Your Portfolio for Now?
ESS
Published: December 03, 2025 by: Zacks Investment Research
Sentiment: Positive

ESS leverages strong West Coast demand, tech-driven efficiencies and a solid balance sheet, but rising supply and debt pressures temper its momentum.

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image for news Is it Wise to Retain Essex Property Stock in Your Portfolio for Now?
Bloomberg Watch Shows 5 Ideal "Safer" November Dividend Dogs
AVGO, CIIHY, CL, EL, EMR, ESS, FOX, ITVPY, KLAC, NRDBY, NSC, OZK, PHPPY, PYPL, SLB, SUBCY, SUHJY, TPR, UPS, WM
Published: November 12, 2025 by: Seeking Alpha
Sentiment: Positive

Bloomberg's 2025 Dividend Focus list highlights 36 dividend payers, with 16 qualifying as 'safer' due to free cash flow yields exceeding dividend yields. Top ten dividend stocks, including OZK, SLB, WM, and SUBCY, are projected to offer 12.5%-26.5% net gains by November 2026 based on analyst targets. Five 'IDEAL' stocks—CHHQF, VODAF, SUBCY, ITVPY, AVIFY—offer dividends from $1,000 invested that exceed their single share price, signaling potential buy opportunities.

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image for news Bloomberg Watch Shows 5 Ideal "Safer" November Dividend Dogs
Essex Property Q3 Core FFO Beats Estimates, '25 View Raised
ESS
Published: October 30, 2025 by: Zacks Investment Research
Sentiment: Positive

ESS posts Q3 core FFO above estimates and lifts its 2025 outlook, driven by steady revenues and NOI gains despite cost pressures.

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image for news Essex Property Q3 Core FFO Beats Estimates, '25 View Raised
Essex Property to Report Q3 Earnings: Here's What to Expect
ESS
Published: October 27, 2025 by: Zacks Investment Research
Sentiment: Positive

ESS' Q3 results are likely to show higher revenues and core FFO, aided by its West Coast strength despite market headwinds.

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image for news Essex Property to Report Q3 Earnings: Here's What to Expect
Essex Property: While Everyone Is Bearish On California, I'm Buying
ESS
Published: October 20, 2025 by: Seeking Alpha
Sentiment: Positive

Essex Property Trust offers a unique West Coast apartment concentration. ESS benefits from a widening affordability gap, robust leasing spreads, and a healthy 4% dividend yield, making it attractive versus overheated equity markets. I see potential for 27% upside as ESS re-rates to a lower yield, supported by persistent rental demand.

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image for news Essex Property: While Everyone Is Bearish On California, I'm Buying
SAFE vs. ESS: Which Stock Is the Better Value Option?
ESS, SAFE
Published: October 13, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors interested in stocks from the REIT and Equity Trust - Residential sector have probably already heard of Safehold (SAFE) and Essex Property Trust (ESS). But which of these two stocks offers value investors a better bang for their buck right now?

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image for news SAFE vs. ESS: Which Stock Is the Better Value Option?
US Apartment Market Cools in Q3: How Are Residential REITs Placed?
AVB, EQR, ESS, UDR
Published: October 10, 2025 by: Zacks Investment Research
Sentiment: Neutral

U.S. apartment rents post their first July-September decline since 2009, testing the resilience of major REITs ahead of third-quarter earnings.

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image for news US Apartment Market Cools in Q3: How Are Residential REITs Placed?
SAFE or ESS: Which Is the Better Value Stock Right Now?
ESS, SAFE
Published: September 26, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors interested in stocks from the REIT and Equity Trust - Residential sector have probably already heard of Safehold (SAFE) and Essex Property Trust (ESS). But which of these two stocks offers value investors a better bang for their buck right now?

Read More
image for news SAFE or ESS: Which Is the Better Value Stock Right Now?
Is it Wise to Retain Essex Property Stock in Your Portfolio for Now?
ESS
Published: August 14, 2025 by: Zacks Investment Research
Sentiment: Positive

ESS' West Coast strength and tech-driven efficiencies support growth, but high supply and debt weigh on momentum.

Read More
image for news Is it Wise to Retain Essex Property Stock in Your Portfolio for Now?
Disinflation Dividend: REIT Earnings Scorecard
AMH, AMT, ARR, BBRE, BFS, BHR, CBL, CCI, CHCT, CIO, COLD, DRN, DRV, ELME, ELS, EPR, EQIX, ESS, EXR, FREL, FRI, GLPI, GPMT, IARAX, ICF, ILPT, INVH, IRM, IYR, JRS, KBWY, LAMR, LINE, LXP, NRO, NTST, OUT, PPTY, PSA, PSR, RC, REG, REIT, REK, RFI, RITM, RNP, RQI, RWR, SCHH, SEVN, SKT, SLG, SRS, SRVR, SUI, URE, USRT, VICI, VNQ, VRAI, WELL, XHR, XLRE
Published: August 10, 2025 by: Seeking Alpha
Sentiment: Positive

A surprising solid REIT earnings season wrapped up this week. Of the 100 equity REITs that provide full-year FFO guidance, 62% raised their outlook - above the historical 55% average. Disinflation was a surprisingly common thread across second-quarter results, with the majority of the upside revisions being driven by improved expense expectations - the highest quantity of expense reductions ever. Healthcare REITs were notable upside standouts as senior housing fundamentals remained stellar, while skilled nursing REITs received some good news on the policy front via healthy CMS Medicare rate increases.

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image for news Disinflation Dividend: REIT Earnings Scorecard
Essex Property Q2 Core FFO Beats Estimates, Revenues Increase Y/Y
ESS
Published: July 30, 2025 by: Zacks Investment Research
Sentiment: Positive

ESS' second-quarter results reflect a year-over-year rise in same-property revenues and net operating income.

Read More
image for news Essex Property Q2 Core FFO Beats Estimates, Revenues Increase Y/Y
Essex Property Q2 Core FFO & Revenues Beat Estimates, '25 Views Raised
ESS
Published: July 30, 2025 by: Zacks Investment Research
Sentiment: Positive

ESS tops Q2 estimates with higher core FFO and revenues and lifts full-year 2025 outlook amid solid same-property growth.

Read More
image for news Essex Property Q2 Core FFO & Revenues Beat Estimates, '25 Views Raised
Essex Property Trust (ESS) Reports Q2 Earnings: What Key Metrics Have to Say
ESS
Published: July 29, 2025 by: Zacks Investment Research
Sentiment: Positive

Although the revenue and EPS for Essex Property Trust (ESS) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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image for news Essex Property Trust (ESS) Reports Q2 Earnings: What Key Metrics Have to Say
Essex Property Trust (ESS) Beats Q2 FFO and Revenue Estimates
ESS
Published: July 29, 2025 by: Zacks Investment Research
Sentiment: Positive

Essex Property Trust (ESS) came out with quarterly funds from operations (FFO) of $4.03 per share, beating the Zacks Consensus Estimate of $3.99 per share. This compares to FFO of $3.94 per share a year ago.

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image for news Essex Property Trust (ESS) Beats Q2 FFO and Revenue Estimates
Here is Why Growth Investors Should Buy Essex Property Trust (ESS) Now
ESS
Published: July 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Essex Property Trust (ESS) possesses solid growth attributes, which could help it handily outperform the market.

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image for news Here is Why Growth Investors Should Buy Essex Property Trust (ESS) Now
Essex Property to Report Q2 Earnings: What to Expect From the Stock?
ESS
Published: July 23, 2025 by: Zacks Investment Research
Sentiment: Neutral

ESS may post Q2 revenue and FFO growth as West Coast demand and portfolio reallocation support higher occupancy and rents.

Read More
image for news Essex Property to Report Q2 Earnings: What to Expect From the Stock?
5 Ideal "Safer" Dividend Buys From Bloomberg's July Watch List
AVGO, AZN, CL, CP, DRPRF, EMR, ESS, FOX, HSBC, ITVPY, KLAC, MU, NRDBY, NSC, PHPPY, PSMMY, SLB, SUBCY, UPS, WLMIY, WM
Published: July 22, 2025 by: Seeking Alpha
Sentiment: Positive

Bloomberg's 50 Companies to Watch leverages catalysts like new leadership, AI, and policy shifts to identify high-potential stocks for 2025. Yield-based 'dogcatcher' analysis spotlights 15 dividend payers with strong free cash flow, with five 'IDEAL' stocks signaling safer, buy-worthy dividends. Top ten dividend focus stocks project an average 16.69% net gain by July 2026, with risk profiles generally below market averages.

Read More
image for news 5 Ideal "Safer" Dividend Buys From Bloomberg's July Watch List
NXRT vs. ESS: Which Stock Is the Better Value Option?
ESS, NXRT
Published: July 14, 2025 by: Zacks Investment Research
Sentiment: Neutral

Investors looking for stocks in the REIT and Equity Trust - Residential sector might want to consider either NexPoint Residential Trust Inc. (NXRT) or Essex Property Trust (ESS). But which of these two stocks presents investors with the better value opportunity right now?

Read More
image for news NXRT vs. ESS: Which Stock Is the Better Value Option?
How Are Residential REITs Positioned in Q2 as Demand Stays Resilient?
AVB, EQR, ESS, UDR
Published: July 11, 2025 by: Zacks Investment Research
Sentiment: Positive

Apartment demand surges in Q2, boosting occupancy and stability for residential REITs like AVB, EQR, ESS and UDR.

Read More
image for news How Are Residential REITs Positioned in Q2 as Demand Stays Resilient?
Essex Property Stock Gains 12.6% in Three Months: Will the Trend Last?
ESS
Published: July 07, 2025 by: Zacks Investment Research
Sentiment: Positive

ESS is likely to benefit from favorable West Coast market fundamentals, technological enhancements and a healthy balance sheet.

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image for news Essex Property Stock Gains 12.6% in Three Months: Will the Trend Last?
Can Landlords Survive Mamdani's Rent Freeze?
AVB, BSRTF, CPT, ESS
Published: July 03, 2025 by: Seeking Alpha
Sentiment: Negative

Broader adoption of rent control could significantly affect REITs by capping rent growth, disincentivizing maintenance capex, and reducing new development. The true impact of rent control on REIT performance is complex, with both positive and negative ripple effects, and cannot be easily predicted. I believe future apartment REIT returns will hinge more on company fundamentals and valuation than on political/regulatory environments.

Read More
image for news Can Landlords Survive Mamdani's Rent Freeze?
Can Landlords Survive Mamdani's Rent Freeze?
AVB, BSRTF, CPT, ESS
Published: July 03, 2025 by: Seeking Alpha
Sentiment: Negative

Broader adoption of rent control could significantly affect REITs by capping rent growth, disincentivizing maintenance capex, and reducing new development. The true impact of rent control on REIT performance is complex, with both positive and negative ripple effects, and cannot be easily predicted. I believe future apartment REIT returns will hinge more on company fundamentals and valuation than on political/regulatory environments.

Read More
image for news Can Landlords Survive Mamdani's Rent Freeze?

About Essex Property Trust, Inc. (ESS)

  • IPO Date 1994-06-07
  • Website https://www.essexapartmenthomes.com
  • Industry REIT - Residential
  • CEO Angela L. Kleiman
  • Employees 1712

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.