Essex Property Trust is a publicly traded real estate investment trust that invests in apartments, primarily on the West Coast of the United States.
| Revenue (TTM) | $1.98B |
| Gross Profit (TTM) | $1.36B |
| EBITDA | $1.28B |
| Operating Margin | 33.90% |
| Return on Equity | 6.52% |
| Return on Assets | 3.21% |
| Revenue/Share (TTM) | $30.79 |
| Book Value | $82.36 |
| Price-to-Book | 3.29 |
| Price-to-Sales (TTM) | 9.48 |
| EV/Revenue | 12.29 |
| EV/EBITDA | 19.19 |
| Quarterly Earnings Growth (YoY) | -40.50% |
| Quarterly Revenue Growth (YoY) | 2.20% |
| Shares Outstanding | $64.34M |
| Float | $63.62M |
| % Insiders | 0.73% |
| % Institutions | 103.86% |
Volatility is currently expanding
Fewer new apartments are hitting the market just as tenants stop moving out, but not every landlord enters 2027 with the same cushion between its rental cash flow and its dividend obligation.
Essex Property Trust's revenues miss estimates as costs outpace growth, but Northern California strength and revised 2026 core FFO guidance offer key highlights.
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its third quarter 2026 earnings results and related business activities. Net Income, Funds from Operations (“FFO”), and Core FFO per diluted share for the three and nine-month periods ended September 30, 2026 are detailed below. Three Months Ended September 30, Nine Months Ended September 30, % % 2026 2025 Change 2026 2025 Change Per Diluted Share Net Income $1.52 $2.
ESS heads into Q3 earnings with rental demand and limited housing supply supporting growth, while West Coast leasing trends and rent increases remain key drivers.
Rate Shock: REITs enter earnings season on their back foot amid a renewed surge in long-term rates, facing a materially different cost-of-capital and financing environment than just three months ago. The rate surge is again stressing highly leveraged borrowers, particularly across private markets. Public REITs are better positioned, but remain exposed through refinancing, tenant credit, and equity valuations. Higher rates have brought an important silver lining: years of expensive capital are finally curbing construction, with shrinking pipelines beginning to support occupancy, rents, and landlord pricing power.
The three-year supply glut that crushed apartment rents is finally fading, but not every landlord stands to benefit equally. Four REITs are positioned differently by geography, leverage, and dividend room as the tide turns.
Essex Property Trust, Inc. (ESS) Presents at BofA NY Global Real Estate Conference 2026 Transcript
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that Angela L. Kleiman, President and CEO, will be participating in a roundtable presentation at the 2026 Bank of America Global Real Estate Conference on Wednesday, September 16, 2026 at 10:20 a.m. Eastern Time. To listen to the panel, please visit the webcast link under the latest events section of the Company's Investors website at www.essex.com. An archive of the webcast will be available for thirty da.
Essex Property Trust, Inc. (ESS) delivered strong Q2 2026 results, beating Core FFO guidance and raising full-year Core FFO for the second consecutive quarter. ESS resolved its two largest litigation matters, removing a key risk overhang and improving its risk profile going forward. The company maintains a robust balance sheet, opportunistically repurchasing shares and redeploying capital into high-yield investments.
Essex Property Trust (ESS) reported earnings 30 days ago. What's next for the stock?
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