Essex Property Trust Inc.
ESS | NYSE
$271.39
+$1.34 (+0.50%)
At close: Sep 21, 2026, 4:00 PM ET
$271.39
$0 (0.00%)
After-hours:
Sep 21, 2026, 5:55 PM ET
Market Data
Market Cap $17.35B
Enterprise Value $24.03B
Beta 0.71
Average Volume 484.25K
Shares Outstanding (Diluted) 64.46M
Shares Change YoY 0.12%
Institutional Ownership 96.62%
Exchange NYSE
ISIN US2971781057
Price Performance
Price Change 1M -6.7%
Price Change 3M -2.8%
Price Change 6M 12.1%
Price Change YTD 5.6%
Price Change 1Y 1.9%
Price Change 3Y 25.9%
Price Change 5Y -17.1%
1M CAGR (ann.) -5.3%
1Y CAGR (ann.) 5.5%
5Y CAGR (ann.) 0.1%
All-Time CAGR 7.2%
Valuation
PE Ratio 42.21
Forward PE 42.79
PEG Ratio -0.87
Forward PEG 3.46
PS Ratio 9.05
Forward PS 8.60
PB Ratio 3.28
P/FCF Ratio 16.74
P/Adj. FCF Ratio 16.83
P/OCF Ratio 15.64
EV/Sales 12.47
EV/EBIT 34.75
EV/EBITDA 18.41
EV/FCF 23.06
Earnings Yield 2.4%
FCF Yield 6.0%
Adj. FCF Yield 5.9%
Financial Health
Net Debt $6.54B
Total Debt $6.75B
Cash & Short-Term Investments $158.51M
Total Assets $12.9B
Current Ratio 0.36
Quick Ratio 0.36
Debt / Equity Ratio 1.27
Debt / EBITDA 5.17
Debt / FCF 6.48
OCF / Debt 0.17
Interest Coverage 2.15
Altman Z-Score 1.57
Piotroski F-Score 6
Margins & Profitability
Gross Profit Margin 69.4%
Operating Profit Margin 29.1%
EBITDA Margin 67.8%
Net Profit Margin 21.6%
FCF Margin 54.1%
Adj. FCF Margin 53.8%
SBC / Revenue 0.3%
SBC Impact (per share) -0.6%
Returns
Return on Assets 3.2%
Return on Equity 7.6%
Return on Invested Capital 269.7%
Return on Capital Employed 4.5%
Return on Tangible Assets 3.2%
Historical Growth (CAGR)
Revenue CAGR 3Y 5.2%
Revenue CAGR 5Y 6.0%
Revenue CAGR 10Y 4.4%
EPS CAGR 3Y -7.9%
EPS CAGR 5Y 0.8%
EPS CAGR 10Y 4.5%
FCF CAGR 3Y 9.3%
FCF CAGR 5Y 8.1%
FCF CAGR 10Y 5.2%
Analyst Forecasts
Analyst Rating Hold
Analyst Count 47
EPS Growth Next 3Y 8.8%
Revenue Growth Next 3Y 4.1%
Earnings Date Oct 26, 2026
EPS Estimate (next Q) $1.47
EPS Growth Est (next Q) -42.6%
Revenue Est (next Q) $490.79M
Revenue Growth Est (next Q) 4.2%
Fair Value Estimates
Graham Number $111.24
Graham Upside -59.0%
Lynch Fair Value $32.15
Lynch Upside -88.2%
Price Target $303.70
Price Target Upside 11.9%
Cash Flow
Operating Cash Flow $1.12B
Free Cash Flow $1.04B
Adj. Free Cash Flow $1.04B
FCF Per Share $16.17
OCF Per Share $17.35
OCF/S Ratio 58.0%
Income Statement
Revenue $1.93B
Gross Profit $1.34B
Operating Income $560.18M
EBITDA $1.31B
Net Income $416.66M
EPS (Diluted) $6.43
Revenue / Employee $1.14M
Profit / Employee $246.84K
Employees 1,688
Dividends
Annual Dividend $10.32
Dividend Yield 3.80%
Payout Ratio 160.5%
FCF Payout Ratio 63.6%
Adj. FCF Payout Ratio 64.0%
Dividend Growth (YoY) 2.8%
Pay Frequency Quarterly
Ex-Dividend Date Sep 29, 2026
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