Essex Property Trust, Inc. (ESS)
| Market Cap | 18.95B |
| Revenue (ttm) | 1.86B |
| Net Income (ttm) | 671.90M |
| Shares Out | 66.67M |
| EPS (ttm) | 10.45 |
| PE Ratio | 27.19 |
| Forward PE | 49.86 |
| Dividend | $10.28 (3.63%) |
| Ex-Dividend Date | Jun 30, 2025 |
| Volume | 194,453 |
| Open | 282.91 |
| Previous Close | 283.40 |
| Day's Range | 277.69 - 285.87 |
| 52-Week Range | 243.85 - 317.73 |
| Beta | 0.79 |
| Analysts | Hold |
| Price Target | 309.33 (+8.84%) |
| Earnings Date | Jul 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 257 apartment communities comprising over 62,000 apartment homes with an additional property in active development. [Read more]
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 StatementsAnalyst Summary
According to 19 analysts, the average rating for ESS stock is "Hold." The 12-month stock price target is $309.33, which is an increase of 8.84% from the latest price.
News
Can Landlords Survive Mamdani's Rent Freeze?
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 perf...
Essex Property Trust Publishes 2024 Sustainability and Impact Report
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) published today its 2024 Sustainability and Impact Report. This report recognizes the Company's progress towards its sustainab...
Essex Property Trust: Well Positioned Amidst Rental Market Uncertainty
Essex's focus on California and Seattle markets provides insulation from national rental weakness, thanks to limited new supply and strong rental affordability. Q1 results outperformed national trends...
5 Ideal 'Safer' Dividend Buys From Bloomberg's June Watch List
I highlight 15 dividend-paying stocks from Bloomberg's 50 Companies to Watch that meet my 'safer' criteria: free cash flow yields exceed dividend yields. The top ten dividend focus stocks offer an est...
Essex Property Trust Named a Best Company to Work For by U.S. News & World Report
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it was named a 2025-2026 Best Company to Work For by U.S. News & World Report. Additionally, the Company ...
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 $2.57 per common share, payable ...
5 Ideal 'Safer' Dividend Buys From Bloomberg's May Watchlist
I analyze 50 Bloomberg 'Companies to Watch' for 2025, focusing on the 35 that pay dividends and applying the yield-based dogcatcher strategy. 15 of these dividend payers are 'safer' stocks, with free ...
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...
3 Once-In-A-Decade REIT Opportunities
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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...
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 ...
Bloomberg April Watch List Shows 6 Ideal "Safer" Dividend Buys
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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...
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...
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...
21 Upcoming Dividend Increases To Finish Q1
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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...
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...
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...
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...
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 ...
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 ...