GoAI
Get started
Essex Property Trust, Inc. logo

Essex Property Trust, Inc.

ESS

NYSEReal EstateREIT - Residential

Open in GoAI

Previous close

$289

+$1.29 · +0.45%

Aug 21, 4:00 PM ET

ESS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jun 18, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

52

Fair Value

Momentum

48

Neutral

Sentiment

70

Bullish

Risk resilience

83

Low Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Essex Property Trust, Inc., a prominent S&P 500 constituent, operates as a vertically integrated real estate investment trust (REIT). The company focuses on the purchase, construction, renovation, and ongoing management of residential apartment complexes across select West Coast regions. Currently, Essex maintains ownership interests in 246 apartment communities, offering a total of roughly 60,000 homes, with an additional six properties actively advancing through various stages of development.

Industry
REIT - Residential
Sector
Real Estate
Headquarters
US
CEO
Angela L. Kleiman
Listed since
Jun 7, 1994
Employees
1,688

Market position

Day range

Current $289

52-week range

Current $289

Open
$289.32
Previous close
$287.71
Volume
165.99K
0.36× average
Average volume
463.47K
Average daily volume
Market cap
18.57B USD
Beta
0.71
Market reference 1
50-day average
$288.55
+0.16% above average
200-day average
$265.7
+8.77% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
23.69B USD
P/E (TTM)
44.95×
P/B (TTM)
3.5×
P/S (TTM)
9.64×
EV / EBITDA
15.16×
Earnings yield
3.99%
Free cash flow yield
5.54%
Dividend yield
3.57%

Profitability & efficiency

Gross margin
69.38%
Operating margin
29.07%
Net margin
21.63%
Return on equity
12.14%
Return on assets
5.11%
Return on invested capital
6.13%

Financial health

Debt / equity
1.27×
Current ratio
2.3×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends90%66%42%18%Gross margin, FY2021: 83.88%Gross margin, FY2022: 69.02%Gross margin, FY2023: 68.13%Gross margin, FY2024: 68.06%Gross margin, FY2025: 68.82%Operating margin, FY2021: 36.79%Operating margin, FY2022: 37.04%Operating margin, FY2023: 35.00%Operating margin, FY2024: 39.62%Operating margin, FY2025: 43.88%Net margin, FY2021: 33.91%Net margin, FY2022: 25.41%Net margin, FY2023: 24.31%Net margin, FY2024: 41.79%Net margin, FY2025: 35.38%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 83.88%. Gross margin FY2022 69.02%. Gross margin FY2023 68.13%. Gross margin FY2024 68.06%. Gross margin FY2025 68.82%. Operating margin FY2021 36.79%. Operating margin FY2022 37.04%. Operating margin FY2023 35.00%. Operating margin FY2024 39.62%. Operating margin FY2025 43.88%. Net margin FY2021 33.91%. Net margin FY2022 25.41%. Net margin FY2023 24.31%. Net margin FY2024 41.79%. Net margin FY2025 35.38%.

Income trends

Revenue

1.9B USD+7.11%

Operating income

834.03M USD+18.62%

Net income

672.49M USD-9.31%
Income trends across reported periods2.05B USD1.45B USD854.24M USD256.35M USDRevenue, FY2021: 1.44B USDRevenue, FY2022: 1.61B USDRevenue, FY2023: 1.67B USDRevenue, FY2024: 1.77B USDRevenue, FY2025: 1.9B USDOperating income, FY2021: 530M USDOperating income, FY2022: 595.23M USDOperating income, FY2023: 584.34M USDOperating income, FY2024: 703.1M USDOperating income, FY2025: 834.03M USDNet income, FY2021: 488.55M USDNet income, FY2022: 408.32M USDNet income, FY2023: 405.83M USDNet income, FY2024: 741.52M USDNet income, FY2025: 672.49M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.44B USD. Revenue FY2022 1.61B USD. Revenue FY2023 1.67B USD. Revenue FY2024 1.77B USD. Revenue FY2025 1.9B USD. Operating income FY2021 530M USD. Operating income FY2022 595.23M USD. Operating income FY2023 584.34M USD. Operating income FY2024 703.1M USD. Operating income FY2025 834.03M USD. Net income FY2021 488.55M USD. Net income FY2022 408.32M USD. Net income FY2023 405.83M USD. Net income FY2024 741.52M USD. Net income FY2025 672.49M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.9B USD1.77B USD1.67B USD1.61B USD1.44B USD
Cost of goods sold592.61M USD566.82M USD532.05M USD497.74M USD232.25M USD
Gross profit1.31B USD1.21B USD1.14B USD1.11B USD1.21B USD
Selling, general, and administrative68.65M USD98.9M USD63.47M USD56.58M USD51.84M USD
Operating expenses473.92M USD504.54M USD553.01M USD513.85M USD678.32M USD
Interest income17M USD80.95M USD46.26M USD—98.74M USD
Interest expense257.25M USD235.53M USD212.91M USD223.84M USD203.13M USD
Depreciation and amortization607.54M USD580.22M USD548.44M USD539.32M USD520.07M USD
Operating income834.03M USD703.1M USD584.34M USD595.23M USD530M USD
Net income672.49M USD741.52M USD405.83M USD408.32M USD488.55M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$305.91

5.85% upside
Past 12 months12-month forecastHigh $352Average $305.91Low $286

ESS news

defenseworld.net

Essex Property Trust (NYSE:ESS) versus BSR Real Estate Investment Trust (OTCMKTS:BSRTF) Head-To-Head Contrast

Essex Property Trust (NYSE: ESS - Get Free Report) and BSR Real Estate Investment Trust (OTCMKTS:BSRTF - Get Free Report) are both real estate companies, but which is the better business? We will compare the two…

Read source
defenseworld.net

BlackRock Inc. Invests $2.17 Billion in Essex Property Trust, Inc. $ESS

BlackRock Inc. acquired a new stake in Essex Property Trust, Inc. (NYSE: ESS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional…

Read source
seekingalpha.com

Essex Property Trust: Premium Is The Point

Essex Property Trust earns my sole 'Buy' rating among multifamily REIT peers, driven by superior operational efficiency and disciplined capital allocation. ESS consistently outperforms on same-store NOI and operating…

Read source
businesswire.com

ESS Reschedules Second Quarter 2026 Financial Results Conference Call to Tuesday, August 11, 2026 at 5:00 p.m. Eastern Time

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Reschedules Second Quarter 2026 Financial Results Conference Call to Tuesday, August 11, 2026 at 5:00 p.m. Eastern Time.

Read source
defenseworld.net

Amundi Buys 66,517 Shares of Essex Property Trust, Inc. $ESS

Amundi boosted its stake in Essex Property Trust, Inc. (NYSE: ESS) by 38.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 238,761 shares of the…

Read source
marketbeat.com

Essex Property Trust Q2 Earnings Call Highlights

Essex Property Trust NYSE: ESS raised its full-year outlook after reporting second-quarter operating performance that exceeded its expectations, led by stronger apartment revenue trends and lower-than-anticipated…

Read source

ESS peers

Welltower Inc. logo

WELL

Welltower Inc.

$239.3

—

Prologis, Inc. logo

PLD

Prologis, Inc.

$141.8

—

American Tower Corporation logo

AMT

American Tower Corporation

$175.8

—

Simon Property Group, Inc. logo

SPG

Simon Property Group, Inc.

$218.29

—

Digital Realty Trust, Inc. logo

DLR

Digital Realty Trust, Inc.

$190.62

—

Public Storage logo

PSA

Public Storage

$322.49

—

ETFs holding ESS

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
696.97M
Weight
0.95%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
581.11M
Weight
0.03%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
479.52M
Weight
0.03%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
419.76M
Weight
0.23%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
266.61M
Weight
0.39%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
249.12M
Weight
0.03%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
229.83M
Weight
0.03%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
Invesco S&P 500 Equal Weight ETF logoInvesco S&P 500 Equal Weight ETFRSP
Market value
188.75M
Weight
0.19%
AUM
100.27B USD
Expense ratio
0.20%
Price / 1D
$221.67+0.63%

Continue in GoAI

Research ESS

research.disclaimer