Symbols / ESS Stock $255.06 +1.14% Essex Property Trust, Inc.

Real Estate • REIT - Residential • United States • NYQ
ESS (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
About

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust. The firm acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 259 apartment communities comprising over 63,000 apartment homes with an additional property in active development. Essex Property Trust, Inc. was incorporated in 1971 in Maryland, USA.

Stock Fundamentals
Scroll to Statements
Market Cap 16.45B Enterprise Value 23.23B Income 669.67M Sales 1.94B Book/sh 85.99 Cash/sh 1.21
Dividend Yield 4.08% Payout 98.85% Employees 1686 IPO — P/E 24.55 Forward P/E 41.77
PEG 7.02 P/S 8.50 P/B 2.97 P/C — EV/EBITDA 18.50 EV/Sales 12.00
Quick Ratio 0.06 Current Ratio 0.15 Debt/Eq 119.43 LT Debt/Eq — EPS (ttm) 10.39 EPS next Y 6.11
EPS Growth -68.70% Revenue Growth 3.20% Earnings 2026-04-28 ROA 3.10% ROE 12.23% ROIC —
Gross Margin 68.58% Oper. Margin 32.86% Profit Margin 34.60% Shs Outstand 64.48M Shs Float 63.80M Short Float 4.57%
Short Ratio 3.64 Short Interest — 52W High 294.09 52W Low 238.46 Beta 0.72 Avg Volume 506.88K
Volume 283.33K Target Price $278.13 Recom Hold Prev Close $252.19 Price $255.06 Change 1.14%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$278.13
Mean price target
2. Current target
$255.06
Latest analyst target
3. DCF / Fair value
$274.72
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$255.06
Low
$239.00
High
$308.00
Mean
$278.13

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-23 main Wells Fargo Equal-Weight → Equal-Weight $262
2026-04-06 main Evercore ISI Group In-Line → In-Line $264
2026-03-06 main Barclays Equal-Weight → Equal-Weight $271
2026-03-04 main Scotiabank Sector Outperform → Sector Outperform $278
2026-03-02 main Baird Neutral → Neutral $281
2026-02-27 down Raymond James Outperform → Market Perform —
2026-02-09 reit Cantor Fitzgerald Overweight → Overweight $290
2026-01-09 down BMO Capital Outperform → Market Perform $280
2026-01-08 main UBS Neutral → Neutral $274
2025-12-16 main Truist Securities Hold → Hold $273
2025-12-16 down Jefferies Buy → Hold $282
2025-11-25 main Barclays Equal-Weight → Equal-Weight $290
2025-11-24 main Mizuho Outperform → Outperform $284
2025-11-10 main UBS Neutral → Neutral $267
2025-11-10 main Wells Fargo Equal-Weight → Equal-Weight $268
2025-11-04 main Scotiabank Sector Outperform → Sector Outperform $284
2025-11-03 main Evercore ISI Group In-Line → In-Line $271
2025-10-13 main Wells Fargo Equal-Weight → Equal-Weight $280
2025-10-13 main Evercore ISI Group In-Line → In-Line $279
2025-10-01 init Cantor Fitzgerald — → Overweight $300
News
RSS: Latest ESS news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-12-29 KLEIMAN ANGELA L Chief Executive Officer — 2,534 $0.00 $0
2025-12-12 KLEIMAN ANGELA L Chief Executive Officer — 23,974 $0.00 $0
2025-12-12 PAK BARBARA Chief Financial Officer — 8,144 $0.00 $0
2025-12-12 MORRISON ANNE General Counsel — 7,441 $0.00 $0
2025-05-28 MARCUS GEORGE M Director — 13,418 $216.31 $2,902,448
2025-05-13 GUST ANNE B Director — 606 $0.00 $0
2025-05-13 JOHNSON AMAL M Director — 606 $0.00 $0
2025-05-13 GUERICKE KEITH R Director — 606 $0.00 $0
2025-05-13 LYONS IRVING F III Director — 606 $0.00 $0
2025-05-13 MARCUS GEORGE M Director — 1,069 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,887.35
+6.36%
1,774.45
+6.29%
1,669.39
+3.89%
1,606.81
Operating Revenue
1,887.35
+6.36%
1,774.45
+6.29%
1,669.39
+3.89%
1,606.81
Cost Of Revenue
608.04
+7.27%
566.82
+6.67%
531.35
+4.60%
507.97
Reconciled Cost Of Revenue
608.04
+7.27%
566.82
+6.67%
531.35
+4.60%
507.97
Gross Profit
1,279.31
+5.93%
1,207.63
+6.11%
1,138.04
+3.57%
1,098.84
Operating Expense
677.39
-0.25%
679.12
+10.98%
611.91
+4.48%
585.66
Selling General And Administration
71.95
-27.25%
98.90
+55.81%
63.47
+12.19%
56.58
General And Administrative Expense
71.95
-27.25%
98.90
+55.81%
63.47
+12.19%
56.58
Other Gand A
71.95
-27.25%
98.90
+55.81%
63.47
+12.19%
56.58
Total Expenses
1,285.43
+3.17%
1,245.94
+8.91%
1,143.96
+4.60%
1,093.63
Operating Income
601.91
+13.89%
528.51
+0.59%
525.43
+2.39%
513.18
Total Operating Income As Reported
899.32
+27.91%
703.10
+20.32%
584.34
-1.83%
595.23
EBITDA
1,568.72
-3.59%
1,627.06
+36.49%
1,192.05
-0.34%
1,196.14
Normalized EBITDA
1,229.46
+3.34%
1,189.68
+6.21%
1,120.13
+6.43%
1,052.50
Reconciled Depreciation
607.54
+4.71%
580.22
+5.80%
548.44
+1.69%
539.32
EBIT
961.18
-8.18%
1,046.84
+62.65%
643.61
-2.01%
656.82
Total Unusual Items
339.26
-22.43%
437.37
+508.14%
71.92
-49.93%
143.64
Total Unusual Items Excluding Goodwill
339.26
-22.43%
437.37
+508.14%
71.92
-49.93%
143.64
Special Income Charges
-0.79
-100.45%
175.51
+201.51%
58.21
-36.92%
92.28
Other Special Charges
0.76
—
0.43
+21550.00%
0.00
Restructuring And Mergern Acquisition
0.03
-65.28%
0.07
-87.90%
0.59
-72.09%
2.13
Write Off
—
—
—
0.00
Net Income
669.67
-9.69%
741.52
+82.72%
405.82
-0.61%
408.31
Pretax Income
702.77
-13.38%
811.31
+88.37%
430.71
-0.53%
432.99
Net Non Operating Interest Income Expense
-238.40
-54.23%
-154.58
+7.24%
-166.65
+25.55%
-223.84
Interest Expense Non Operating
258.40
+9.71%
235.53
+10.63%
212.91
-4.88%
223.84
Net Interest Income
-238.40
-54.23%
-154.58
+7.24%
-166.65
+25.55%
-223.84
Interest Expense
258.40
+9.71%
235.53
+10.63%
212.91
-4.88%
223.84
Interest Income Non Operating
20.00
-75.29%
80.95
+75.00%
46.26
—
Interest Income
20.00
-75.29%
80.95
+75.00%
46.26
—
Other Income Expense
339.26
-22.43%
437.37
+508.14%
71.92
-49.93%
143.64
Gain On Sale Of Security
340.05
+29.86%
261.86
+1810.13%
13.71
-73.31%
51.36
Tax Provision
—
—
—
-10.24
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
71.24
-22.43%
91.85
+508.14%
15.10
-49.93%
30.16
Net Income Including Noncontrolling Interests
702.77
-13.38%
811.31
+88.37%
430.71
-0.53%
432.99
Net Income From Continuing Operation Net Minority Interest
669.67
-9.69%
741.52
+82.72%
405.82
-0.61%
408.31
Net Income From Continuing And Discontinued Operation
669.67
-9.69%
741.52
+82.72%
405.82
-0.61%
408.31
Net Income Continuous Operations
702.77
-13.38%
811.31
+88.37%
430.71
-0.53%
432.99
Minority Interests
-33.11
+52.56%
-69.78
-180.45%
-24.88
-0.86%
-24.67
Normalized Income
401.65
+1.43%
396.00
+13.46%
349.01
+18.37%
294.84
Net Income Common Stockholders
669.67
-9.69%
741.52
+82.72%
405.82
-0.61%
408.31
Diluted EPS
10.40
-9.88%
11.54
+82.59%
6.32
+0.80%
6.27
Basic EPS
10.40
-9.96%
11.55
+82.75%
6.32
+0.80%
6.27
Basic Average Shares
64.38
+0.24%
64.23
-0.04%
64.25
-1.27%
65.08
Diluted Average Shares
64.40
+0.23%
64.25
0.00%
64.25
-1.30%
65.10
Diluted NI Availto Com Stockholders
669.67
-9.69%
741.52
+82.72%
405.82
-0.61%
408.31
Average Dilution Earnings
0.00
0.00
0.00
0.00
Depreciation Amortization Depletion Income Statement
607.54
+4.71%
580.22
+5.80%
548.44
+1.69%
539.32
Depreciation And Amortization In Income Statement
607.54
+4.71%
580.22
+5.80%
548.44
+1.69%
539.32
Earnings From Equity Interest
—
—
10.56
-75.70%
43.45
Gain On Sale Of PPE
—
175.58
+196.40%
59.24
-37.26%
94.42
Other Taxes
-2.10
-125.62%
-0.93
-233.29%
0.70
+106.81%
-10.24
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
13,159.01
+1.79%
12,927.36
+4.58%
12,361.43
-0.09%
12,372.91
Current Assets
325.25
-7.69%
352.35
-46.84%
662.75
+156.41%
258.47
Cash Cash Equivalents And Short Term Investments
174.31
+27.62%
136.59
-71.52%
479.54
+228.37%
146.04
Cash And Cash Equivalents
76.24
+14.14%
66.80
-82.95%
391.75
+1076.60%
33.30
Other Short Term Investments
98.07
+40.51%
69.79
-20.50%
87.80
-22.13%
112.74
Receivables
141.59
-31.50%
206.71
+18.37%
174.62
+69.46%
103.05
Accounts Receivable
10.26
+11.09%
9.23
-1.26%
9.35
-23.11%
12.16
Receivables Adjustments Allowances
-0.56
-4.91%
-0.53
+23.00%
-0.69
-105.69%
-0.33
Other Receivables
18.54
-79.28%
89.46
+251.60%
25.44
+34.19%
18.96
Inventory
—
—
—
—
Finished Goods
—
—
—
—
Prepaid Assets
—
—
—
—
Restricted Cash
9.35
+3.25%
9.05
+5.43%
8.59
-8.53%
9.39
Total Non Current Assets
12,833.76
+2.06%
12,575.01
+7.49%
11,698.68
-3.43%
12,114.44
Net PPE
50.83
-1.40%
51.56
-19.14%
63.76
-5.18%
67.24
Gross PPE
50.83
-1.40%
51.56
-19.14%
63.76
-5.18%
67.24
Other Properties
50.83
-1.40%
51.56
-19.14%
63.76
-5.18%
67.24
Investments And Advances
630.55
-32.56%
935.01
-11.94%
1,061.73
-5.83%
1,127.49
Long Term Equity Investment
630.55
-32.56%
935.01
-11.94%
1,061.73
-5.83%
1,127.49
Other Non Current Assets
90.67
-6.39%
96.86
+22.34%
79.17
-1.96%
80.75
Total Liabilities Net Minority Interest
7,422.11
+3.43%
7,176.12
+6.55%
6,735.24
+4.41%
6,450.64
Current Liabilities
419.79
-20.87%
530.48
+50.38%
352.75
-9.52%
389.86
Payables And Accrued Expenses
419.79
+6.94%
392.54
+11.28%
352.75
+4.43%
337.79
Payables
419.79
+6.94%
392.54
+11.28%
352.75
+4.43%
337.79
Accounts Payable
221.35
+4.04%
212.75
+20.60%
176.40
+6.61%
165.46
Other Payable
24.74
+72.46%
14.35
-30.55%
20.66
-10.79%
23.16
Dividends Payable
173.70
+4.99%
165.44
+6.26%
155.69
+4.38%
149.17
Current Debt And Capital Lease Obligation
—
137.94
—
52.07
Current Debt
—
137.94
—
52.07
Total Non Current Liabilities Net Minority Interest
7,002.32
+5.37%
6,645.64
+4.12%
6,382.49
+5.31%
6,060.78
Long Term Debt And Capital Lease Obligation
6,851.76
+5.15%
6,516.15
+3.91%
6,270.83
+4.95%
5,974.81
Long Term Debt
6,800.27
+5.21%
6,463.67
+4.16%
6,205.73
+5.07%
5,906.11
Long Term Capital Lease Obligation
51.49
-1.88%
52.47
-19.39%
65.09
-5.25%
68.70
Other Non Current Liabilities
150.57
+16.27%
129.49
+15.97%
111.66
+29.88%
85.97
Stockholders Equity
5,541.37
+0.08%
5,537.05
+2.11%
5,422.75
-5.14%
5,716.37
Common Stock Equity
5,541.37
+0.08%
5,537.05
+2.11%
5,422.75
-5.14%
5,716.37
Capital Stock
0.01
+0.00%
0.01
+0.00%
0.01
+0.00%
0.01
Common Stock
0.01
+0.00%
0.01
+0.00%
0.01
+0.00%
0.01
Share Issued
64.44
+0.25%
64.28
+0.12%
64.20
-0.62%
64.60
Ordinary Shares Number
64.44
+0.25%
64.28
+0.12%
64.20
-0.62%
64.60
Additional Paid In Capital
6,683.51
+0.23%
6,668.05
+0.17%
6,656.72
-1.38%
6,750.08
Retained Earnings
-1,148.19
+0.65%
-1,155.66
+8.83%
-1,267.54
-17.35%
-1,080.18
Gains Losses Not Affecting Retained Earnings
6.05
-75.47%
24.66
-26.53%
33.56
-27.78%
46.47
Minority Interest
195.52
-8.72%
214.19
+5.29%
203.44
-1.19%
205.89
Other Equity Adjustments
6.05
-75.47%
24.66
-26.53%
33.56
-27.78%
46.47
Total Equity Gross Minority Interest
5,736.90
-0.25%
5,751.24
+2.22%
5,626.18
-5.00%
5,922.27
Total Capitalization
12,341.64
+2.84%
12,000.72
+3.20%
11,628.48
+0.05%
11,622.48
Working Capital
-94.55
+46.93%
-178.14
-157.46%
310.00
+335.94%
-131.39
Invested Capital
12,341.64
+1.67%
12,138.66
+4.39%
11,628.48
-0.39%
11,674.56
Total Debt
6,851.76
+2.97%
6,654.09
+6.11%
6,270.83
+4.05%
6,026.88
Net Debt
6,724.03
+2.90%
6,534.82
+12.40%
5,813.99
-1.87%
5,924.89
Capital Lease Obligations
51.49
-1.88%
52.47
-19.39%
65.09
-5.25%
68.70
Net Tangible Assets
5,541.37
+0.08%
5,537.05
+2.11%
5,422.75
-5.14%
5,716.37
Tangible Book Value
5,541.37
+0.08%
5,537.05
+2.11%
5,422.75
-5.14%
5,716.37
Investment Properties
12,061.70
+4.96%
11,491.58
+9.51%
10,494.02
-3.18%
10,838.95
Line Of Credit
0.00
-100.00%
137.94
0.00
-100.00%
52.07
Notes Receivable
113.35
+4.43%
108.54
-22.75%
140.51
+94.47%
72.25
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
1,074.42
+0.57%
1,068.31
+9.00%
980.06
+0.45%
975.65
Cash Flow From Continuing Operating Activities
1,074.42
+0.57%
1,068.31
+9.00%
980.06
+0.45%
975.65
Net Income From Continuing Operations
702.77
-13.38%
811.31
+88.37%
430.71
-0.53%
432.99
Depreciation Amortization Depletion
607.54
+4.71%
580.22
+5.80%
548.44
+1.69%
539.32
Depreciation And Amortization
607.54
+4.71%
580.22
+5.80%
548.44
+1.69%
539.32
Other Non Cash Items
-3.15
+44.35%
-5.67
-125.46%
-2.51
+46.76%
-4.72
Stock Based Compensation
9.64
+34.67%
7.16
-10.87%
8.03
+11.45%
7.21
Provisionand Write Offof Assets
0.03
+114.53%
-0.18
-355.71%
0.07
-81.63%
0.38
Asset Impairment Charge
—
—
—
0.00
Operating Gains Losses
-338.37
+23.57%
-442.69
-454.72%
-79.81
+13.56%
-92.32
Gain Loss On Investment Securities
-303.33
-64.92%
-183.93
-165.63%
-69.24
-41.69%
-48.87
Unrealized Gain Loss On Investment Securities
—
—
—
57.98
Change In Working Capital
2.95
-94.66%
55.29
+3448.94%
-1.65
+32.78%
-2.46
Change In Prepaid Assets
-2.00
-106.25%
32.01
+429.26%
-9.72
-287.56%
5.18
Change In Payables And Accrued Expense
7.22
-71.35%
25.19
+372.24%
5.33
+130.90%
-17.27
Change In Payable
7.22
-71.35%
25.19
+372.24%
5.33
+130.90%
-17.27
Change In Account Payable
7.22
-71.35%
25.19
+372.24%
5.33
+130.90%
-17.27
Change In Other Current Liabilities
-2.26
-18.53%
-1.91
-169.84%
2.73
-71.59%
9.63
Investing Cash Flow
-552.48
+43.22%
-973.05
-570.42%
-145.14
-199.44%
145.96
Cash Flow From Continuing Investing Activities
-552.48
+43.22%
-973.05
-570.42%
-145.14
-199.44%
145.96
Capital Expenditure
-140.35
-2.90%
-136.40
+2.83%
-140.37
+13.98%
-163.19
Capital Expenditure Reported
-140.35
-2.90%
-136.40
+2.83%
-140.37
+13.98%
-163.19
Net Investment Purchase And Sale
-24.25
-192.05%
26.35
-39.49%
43.54
-18.02%
53.11
Purchase Of Investment
-25.52
-2446.41%
-1.00
+95.18%
-20.78
-14.75%
-18.11
Sale Of Investment
1.26
-95.38%
27.35
-57.48%
64.32
-9.69%
71.22
Net Business Purchase And Sale
-33.75
+0.94%
-34.07
+8.91%
-37.41
+77.08%
-163.19
Purchase Of Business
-33.75
+0.94%
-34.07
+8.91%
-37.41
+77.08%
-163.19
Gain Loss On Sale Of Business
-0.33
+99.84%
-210.56
0.00
+100.00%
-17.42
Net Other Investing Changes
-73.32
+28.70%
-102.83
-131.10%
-44.50
-119.19%
231.92
Financing Cash Flow
-512.20
-22.03%
-419.74
+12.05%
-477.27
+58.04%
-1,137.56
Cash Flow From Continuing Financing Activities
-512.20
-22.03%
-419.74
+12.05%
-477.27
+58.04%
-1,137.56
Net Issuance Payments Of Debt
201.69
-30.38%
289.71
+18.98%
243.50
+168.84%
-353.73
Issuance Of Debt
9,083.79
+308.75%
2,222.35
+54.11%
1,442.05
+4.77%
1,376.45
Repayment Of Debt
-8,882.10
-359.58%
-1,932.64
-61.25%
-1,198.55
+30.73%
-1,730.18
Long Term Debt Issuance
9,083.79
+308.75%
2,222.35
+54.11%
1,442.05
+4.77%
1,376.45
Long Term Debt Payments
-8,882.10
-359.58%
-1,932.64
-61.25%
-1,198.55
+30.73%
-1,730.18
Net Long Term Debt Issuance
201.69
-30.38%
289.71
+18.98%
243.50
+168.84%
-353.73
Short Term Debt Issuance
—
—
844.05
-38.68%
1,376.45
Short Term Debt Payments
—
—
-896.12
+46.20%
-1,665.64
Net Short Term Debt Issuance
—
—
-52.07
+81.99%
-289.18
Net Common Stock Issuance
-0.39
-32.09%
-0.30
+99.69%
-96.00
+49.48%
-190.04
Common Stock Payments
-0.39
-32.09%
-0.30
+99.69%
-96.00
+49.48%
-190.04
Common Stock Dividend Paid
-654.07
-5.42%
-620.47
-5.71%
-586.98
-3.72%
-565.92
Cash Dividends Paid
-654.07
-5.42%
-620.47
-5.71%
-586.98
-3.72%
-565.92
Repurchase Of Capital Stock
-0.39
-32.09%
-0.30
+99.69%
-96.00
+49.48%
-190.04
Proceeds From Stock Option Exercised
8.93
-27.48%
12.31
0.00
-100.00%
19.52
Net Other Financing Charges
-68.36
+32.32%
-101.00
-167.29%
-37.79
+20.27%
-47.40
Changes In Cash
9.74
+103.00%
-324.49
-190.73%
357.65
+2341.35%
-15.96
Beginning Cash Position
75.85
-81.05%
400.33
+837.97%
42.68
-27.21%
58.64
End Cash Position
85.59
+12.84%
75.85
-81.05%
400.33
+837.97%
42.68
Free Cash Flow
934.08
+0.23%
931.91
+10.98%
839.69
+3.35%
812.46
Interest Paid Supplemental Data
252.65
+13.18%
223.22
+7.82%
207.04
+4.39%
198.32
Amortization Of Securities
—
—
—
0.00
Dividend Received CFO
93.01
+47.94%
62.87
-18.13%
76.79
-19.39%
95.26
Dividends Received CFI
184.40
+355.28%
40.50
+1.89%
39.75
-77.37%
175.62
Earnings Losses From Equity Investments
-35.46
+26.43%
-48.21
-356.45%
-10.56
+59.43%
-26.03
Net Investment Properties Purchase And Sale
-465.21
+39.31%
-766.60
-12346.83%
-6.16
-152.71%
11.68
Purchase Of Investment Properties
-975.16
+3.82%
-1,013.89
-860.60%
-105.55
+27.86%
-146.30
Sale Of Investment Properties
509.95
+106.22%
247.29
+148.81%
99.39
-37.09%
157.99
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
Published Title Author Category