Essex Property Trust, Inc. (ESS)

NYSE: ESS · Real-Time Price · USD
288.31
-4.51 (-1.54%)
May 5, 2025, 4:00 PM EDT - Market closed
-1.54%
Market Cap 19.22B
Revenue (ttm) 1.86B
Net Income (ttm) 671.90M
Shares Out 66.67M
EPS (ttm) 10.45
PE Ratio 27.58
Forward PE 50.35
Dividend $10.28 (3.57%)
Ex-Dividend Date Mar 31, 2025
Volume 653,304
Open 290.97
Previous Close 292.82
Day's Range 287.47 - 290.97
52-Week Range 243.85 - 317.73
Beta 0.80
Analysts Hold
Price Target 304.83 (+5.73%)
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 $304.83, which is an increase of 5.73% from the latest price.

Price Target
$304.83
(5.73% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Essex Property Trust, Inc. (ESS) Q1 2025 Earnings Call Transcript

Essex Property Trust, Inc. (NYSE:ESS) Q1 2025 - Earnings Conference Call April 30, 2025 ET Company Participants Angela Kleiman - President and Chief Executive Officer Barb Pak - Chief Financial Offic...

5 days ago - Seeking Alpha

3 Once-In-A-Decade REIT Opportunities

REITs are priced at the lowest valuations since 2009. After a long bear market, REITs are getting ready to recover. Some REITs will richly reward shareholders. Here are 3 once-in-a-decade opportunitie...

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Best Dividend Aristocrats For May 2025

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6 days ago - Seeking Alpha

Essex Announces First Quarter 2025 Results

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its first quarter 2025 earnings results and related business activities. Net Income, Funds fr...

6 days ago - Business Wire

Essex Property: Undervalued High Quality In Plain Sight

Essex Property Trust is a reliable long-term stock with strong fundamentals in high-barrier West Coast markets, benefiting from limited new housing supply and high rental demand. ESS has demonstrated ...

13 days ago - Seeking Alpha

Bloomberg April Watch List Shows 6 Ideal "Safer" Dividend Buys

Bloomberg Intelligence analysts identified 50 watchable firms for 2025, focusing on catalysts like leadership changes, acquisitions, and new products, with emphasis on AI and electric vehicles. Sixtee...

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4 weeks ago - Seeking Alpha

Essex Announces Release and Conference Call Dates for Its First Quarter 2025 Earnings

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its first quarter 2025 earnings after the market closes on Tuesday, April 29, 2025. A...

4 weeks ago - Business Wire

Essex Property Trust Announces Recent Transaction Activity

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today its year to date transaction activity detailed in the table below. The transaction activity year to date resul...

4 weeks ago - Business Wire

State Of REITs: The 'Dark Age' Is Over

While the S&P 500 and other major benchmarks entered "correction territory" this month for the first time since 2023, U.S. REITs have meaningfully outperformed the broader equity market since mid-Janu...

5 weeks ago - Seeking Alpha

21 Upcoming Dividend Increases To Finish Q1

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Losers Of REIT Earnings Season

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7 weeks 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...

2 months 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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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.

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2 months 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...

2 months 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...

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3 months 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 ...

3 months 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 ...

3 months 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...

3 months 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...

3 months ago - Business Wire

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

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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...

3 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...

3 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.

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3 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 ...

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4 months ago - Seeking Alpha