Essex Property Trust, Inc. (ESS)
| Market Cap | 18.88B |
| Revenue (ttm) | 1.75B |
| Net Income (ttm) | 549.46M |
| Shares Out | 66.60M |
| EPS (ttm) | 8.56 |
| PE Ratio | 33.12 |
| Forward PE | 47.63 |
| Dividend | $9.80 (3.46%) |
| Ex-Dividend Date | Jan 2, 2025 |
| Volume | 276,678 |
| Open | 284.60 |
| Previous Close | 283.75 |
| Day's Range | 282.62 - 285.21 |
| 52-Week Range | 223.06 - 317.73 |
| Beta | 0.94 |
| Analysts | Hold |
| Price Target | 294.44 (+3.89%) |
| Earnings Date | Feb 4, 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 254 apartment communities comprising approximately 62,000 apartment homes. [Read more]
Financial Performance
In 2023, Essex Property Trust's revenue was $1.68 billion, an increase of 2.89% compared to the previous year's $1.63 billion. Earnings were $405.83 million, a decrease of -0.61%.
Financial StatementsAnalyst Forecast
According to 20 analysts, the average rating for ESS stock is "Hold." The 12-month stock price forecast is $294.44, which is an increase of 3.89% from the latest price.
News
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...
California REITs see rating upgrades in the wake of fires
CNBC's Diana Olick reports on REIT performance post-California wildfires.
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...
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...
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 ...
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...
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...
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...
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...
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....
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...
Essex Property Trust Prices $200 Million Add-On Offering of its Senior Notes Due 2034 with a Reoffer Yield of 5.110%
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...
Essex Property Trust: High-Quality REIT With A Growing Dividend
Essex Property Trust focuses on three different supply-constrained markets across the US West Coast. Both enduring demand and limited supply are working in its favor. It has increased its dividend for...
The 'X' Factor For Public REITs
The next cycle for public REITs could be more similar to those of the 1990s and early 2000s than one of the past 14 years. In prior cycles, public REITs enjoyed a cost of capital that allowed for sign...
Essex Property Trust, Inc. (ESS) Q2 2024 Earnings Call Transcript
Essex Property Trust, Inc. (NYSE:ESS) Q2 2024 Earnings Conference Call July 31, 2024 1:00 PM ET Company Participants Angela Kleiman - President and CEO Barb Pak - CFO & EVP Rylan Burns - EVP and Chie...
Essex Announces Second 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 second quarter 2024 earnings results and related business activities. Net Income, Funds f...
Become A Multifamily Millionaire
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If I Had To Retire Today With 12 REITs
REITs are structured for income investors, obligated to pay out 90% of earnings to shareholders, making them an income-producing vehicle. REITs are undervalued and positioned to do well as the rate cu...
Essex Announces Release and Conference Call Dates for Its Second Quarter 2024 Earnings
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its second quarter 2024 earnings after the market closes on Tuesday, July 30, 2024. A...
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