Essex Property Trust, Inc. (ESS)

NYSE: ESS · Real-Time Price · USD
303.09
-2.13 (-0.70%)
Mar 25, 2025, 4:00 PM EST - Market closed
-0.70%
Market Cap 20.20B
Revenue (ttm) 1.82B
Net Income (ttm) 741.52M
Shares Out 66.66M
EPS (ttm) 11.54
PE Ratio 26.26
Forward PE 55.52
Dividend $10.28 (3.39%)
Ex-Dividend Date Mar 31, 2025
Volume 262,056
Open 305.16
Previous Close 305.22
Day's Range 300.12 - 308.22
52-Week Range 230.90 - 317.73
Beta 0.92
Analysts Hold
Price Target 305.22 (+0.7%)
Earnings Date Apr 29, 2025

About ESS

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 256 apartment communities comprising over 62,000 apartment homes with an additional property in active development. [Read more]

Sector Real Estate
IPO Date Jun 6, 1994
Employees 1,715
Stock Exchange NYSE
Ticker Symbol ESS
Full Company Profile

Financial Performance

In 2024, Essex Property Trust's revenue was $1.82 billion, an increase of 8.49% compared to the previous year's $1.68 billion. Earnings were $741.52 million, an increase of 82.72%.

Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for ESS stock is "Hold." The 12-month stock price forecast is $305.22, which is an increase of 0.70% from the latest price.

Price Target
$305.22
(0.70% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Losers Of REIT Earnings Season

In Part 3 of our Earnings Recap, we present a sector-by-sector breakdown of the Losers of REIT Earnings Season, discussing incremental positives/negatives and noting the individual standouts. Commerci...

14 days ago - Seeking Alpha

Essex Property Trust to Present at The 2025 Citigroup Global Property CEO Conference

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 2025 Citi...

25 days ago - Business Wire

My Best Dividend Aristocrats For March 2025

The ProShares S&P 500 Dividend Aristocrat ETF kicks off 2025 on a bright note with a gain of 2.81% in January. I present 3 strategies that can theoretically beat the dividend aristocrat index in the l...

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26 days ago - Seeking Alpha

Why I Don't Invest In REIT ETFs

Passive beats active in most cases. REITs are an exception. I explain why I follow an active strategy when investing in REITs.

Other symbols: AHHBXCPTESRTFPIIVTLAND
4 weeks ago - Seeking Alpha

Essex Announces Its 31st Consecutive Annual Dividend Increase

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has approved a 4.9% increase to its annual cash dividend. This represents the Comp...

4 weeks ago - Business Wire

REITs Lead On Earnings Uplift

US equity markets posted a mixed performance this week, while benchmark interest rates rebounded from two-month lows, as investors saw grounds for Fed hawkishness across a critical slate of employment...

Other symbols: AVBBDNCDPCPTCUZDEADOC
6 weeks ago - Seeking Alpha

Essex Property Trust Prices $400 Million of Senior Notes

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) (“Essex”) announced today that its operating partnership, Essex Portfolio, L.P. (the “Issuer”), priced an underwritten public ...

6 weeks ago - Business Wire

Essex Property: Shares Have Further Upside Given Limited Housing Supply (Upgrade)

Essex Property Trust, Inc. has seen a 29% increase in shares over the past year due to limited supply and higher rental inflation in California markets. Solid Q4 results, including a 2.3% increase in ...

6 weeks ago - Seeking Alpha

Essex Property Trust, Inc. (ESS) Q4 2024 Earnings Call Transcript

Essex Property Trust, Inc. (NYSE:ESS) Q4 2024 Results Conference Call February 5, 2025 12:00 PM ET Company Participants Angela Kleiman - President, CEO Barb Pak - EVP, CFO Rylan Burns - EVP, Chief In...

6 weeks ago - Seeking Alpha

Essex Announces Fourth Quarter and Full-Year 2024 Results and Provides 2025 Guidance

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) (the “Company”) announced today its fourth quarter and full-year 2024 earnings results and related business activities. Net In...

7 weeks ago - Business Wire

5 Ideal Buys From 14 'Safer' January Dividends On Bloomberg 2025 Watch List Of 50

Bloomberg Intelligence analysts identified 50 watchable firms for 2025, focusing on catalysts like new leadership, asset sales, acquisitions, and new products. 14 of 35 dividend-paying companies meet ...

2 months ago - Seeking Alpha

The End Of An Era

U.S. equity and bond markets posted their best week since the November election, as benchmark interest rates tumbled after inflation data showed surprisingly muted pressures in December. Closing the b...

2 months ago - Seeking Alpha

Essex Reports Characteristics of 2024 Dividends

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today the income tax treatment for its 2024 distributions to shareholders. The 2024 distribution characteristics are...

2 months ago - Business Wire

California REITs see rating upgrades in the wake of fires

CNBC's Diana Olick reports on REIT performance post-California wildfires.

Other symbols: AVBDEIEGPEQRTRNO
2 months ago - CNBC Television

Apartment Rents Are Too Low

Apartment rental rates are significantly below equilibrium due to oversupply from zero interest rate policies, with rents expected to rise 10%-20% by 2027. Investment opportunities in apartment REITs ...

Other symbols: AVBCPTCSRIRTNXRT
2 months ago - Seeking Alpha

Essex Announces Release and Conference Call Dates for Its Fourth Quarter 2024 Earnings

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its fourth quarter 2024 earnings after the market closes on Tuesday, February 4, 2025...

2 months ago - Business Wire

Sector Spotlight: Multifamily REITs - They Survived Until 2025!

COVID-19 led to a migration to Sunbelt cities, causing a surge in apartment rents and subsequent overbuilding, which is now stabilizing. Multifamily REITs saw a decline in valuations but are now modes...

Other symbols: AVBBRTCPTCSRELMEEQRIRT
2 months ago - Seeking Alpha

Essex Property Trust Declares Quarterly Distributions

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.45 per common share, payable ...

3 months ago - Business Wire

Essex Property Trust: Limited Supply Enables Further Growth

Essex Property Trust has gained 35% over the past year, benefiting from limited new apartment supply in California and a defensive geographic positioning. Essex's markets face significantly less new s...

3 months ago - Seeking Alpha

Essex Property Trust, Inc. (ESS) Q3 2024 Earnings Call Transcript

Essex Property Trust, Inc. (NYSE:ESS) Q3 2024 Earnings Conference Call October 30, 2024 1:00 PM ET Company Participants Angela Kleiman - President, CEO Barb Pak - EVP, CFO Rylan Burns - EVP, Chief In...

5 months ago - Seeking Alpha

Essex Announces Third Quarter 2024 Results and Raises Full-Year 2024 Guidance

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its third quarter 2024 earnings results and related business activities. Net Income, Funds fr...

5 months ago - Business Wire

Assessing The Impact Of Mortgage Rates On REITs

Historically, REITs outperform the S&P 500 after rising interest rates, with recent data showing a 25% return from May to September 2024. Mortgage rates impact REITs differently, with lower rates boos...

Other symbols: AMHAVBCPTEQREXRINVHMAA
6 months ago - Seeking Alpha

Essex Announces Release and Conference Call Dates for Its Third Quarter 2024 Earnings

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its third quarter 2024 earnings after the market closes on Tuesday, October 29, 2024....

6 months ago - Business Wire

Essex Property Trust: Tailwinds From Both Supply And Demand

Essex Property Trust has shown impressive stock price appreciation, gaining approximately 40% in one year and outperforming all its residential peers in the S&P 500. The REIT is set to benefit from fa...

6 months ago - Seeking Alpha

The Impressive Durability Of REIT Investments

REIT bankruptcies are incredibly rare. The nature of their business is very resilient. I present 5 reasons that make most REITs quasi indestructible.

Other symbols: AMHAMTDLRLANDMDVOPSA
6 months ago - Seeking Alpha