8-K Announcements
6Apr 28, 2026·SEC
Feb 4, 2026·SEC
Dec 12, 2025·SEC
Essex Property Trust, Inc. (ESS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Essex Property Trust, Inc. (ESS) stock price & volume — 10-year historical chart
Essex Property Trust, Inc. (ESS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Essex Property Trust, Inc. (ESS) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $1.65vs $1.43+15.4% | $482Mvs $480M+0.5% |
| Q1 2026 | Feb 4, 2026 | $3.98vs $1.46+172.6% | $477Mvs $474M+0.7% |
| Q4 2025 | Oct 29, 2025 | $3.97vs $3.96+0.3% | $473Mvs $475M-0.3% |
| Q3 2025 | Jul 29, 2025 | $4.03vs $3.99+1.0% | $470Mvs $473M-0.6% |
Essex Property Trust, Inc. (ESS) competitors in Diversified apartment REITs — business model, growth, and fundamentals comparison
Essex Property Trust, Inc. (ESS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Essex Property Trust, Inc. (ESS) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.36B | 1.4B | 1.46B | 1.5B | 1.44B | 1.61B | 1.67B | 1.77B | 1.9B | 1.91B |
| Revenue Growth % | 5.4% | 2.65% | 4.29% | 2.44% | -3.69% | 11.54% | 3.89% | 6.29% | 7.11% | 3.84% |
| Property Operating Expenses | 176.47M | 183.63M | 189.24M | 211.58M | 232.25M | 497.74M | 532.05M | 566.82M | 592.61M | 582.91M |
| Net Operating Income (NOI) | 1.19B▲ 0% | 1.22B▲ 2.4% | 1.27B▲ 4.5% | 1.28B▲ 1.0% | 1.21B▼ 5.9% | 1.11B▼ 8.2% | 1.14B▲ 2.5% | 1.21B▲ 6.2% | 1.31B▲ 8.3% | 1.32B▲ 0% |
| NOI Margin % | 87.06% | 86.88% | 87.04% | 85.85% | 83.88% | 69.02% | 68.13% | 68.06% | 68.82% | 69.44% |
| Operating Expenses | 714.49M | 704.44M | 789.81M | 792.72M | 678.32M | 513.85M | 553M | 504.54M | 473.92M | 592.47M |
| G&A Expenses | 41.38M | 53.45M | 54.26M | 65.39M | 51.84M | 56.58M | 63.47M | 98.9M | 68.65M | 85.77M |
| EBITDA | 941.83M | 991.87M | 964.86M | 1.02B | 1.05B | 1.13B | 1.13B | 1.28B | 1.44B | 1.34B |
| EBITDA Margin % | 69.05% | 70.85% | 66.08% | 67.99% | 72.89% | 70.61% | 67.86% | 72.32% | 75.85% | 70.42% |
| Depreciation & Amortization | 468.88M | 479.88M | 483.75M | 525.5M | 520.07M | 539.32M | 548.44M | 580.22M | 607.54M | 611.15M |
| D&A / Revenue % | 34.38% | 34.28% | 33.13% | 35.13% | 36.1% | 33.56% | 32.85% | 32.7% | 31.97% | 32.04% |
| Operating Income | 472.94M▲ 0% | 511.99M▲ 8.3% | 481.11M▼ 6.0% | 491.44M▲ 2.1% | 530M▲ 7.8% | 595.23M▲ 12.3% | 584.34M▼ 1.8% | 703.1M▲ 20.3% | 834.03M▲ 18.6% | 732.14M▲ 0% |
| Operating Margin % | 34.68% | 36.57% | 32.95% | 32.86% | 36.79% | 37.04% | 35% | 39.62% | 43.88% | 38.38% |
| Interest Expense | 222.89M | 220.49M | 217.34M | 220.63M | 203.13M | 223.84M | 212.91M | 235.53M | 257.25M | 4M |
| Interest Coverage | 4.08x | 3.93x | 4.25x | 4.92x | 4.84x | 2.93x | 3.02x | 4.44x | 3.71x | - |
| Non-Operating Income | -437.07M | -354.87M | -443.49M | -593.44M | -453.69M | -61.59M | -59.27M | -343.74M | -121.18M | -101.42M |
| Pretax Income | 687.12M▲ 0% | 646.37M▼ 5.9% | 707.26M▲ 9.4% | 864.25M▲ 22.2% | 515.69M▼ 40.3% | 432.99M▼ 16.0% | 430.71M▼ 0.5% | 811.31M▲ 88.4% | 697.96M▼ 14.0% | 597.39M▲ 0% |
| Pretax Margin % | 50.38% | 46.17% | 48.44% | 57.78% | 35.8% | 26.95% | 25.8% | 45.72% | 36.72% | 31.32% |
| Income Tax | 0 | 0 | 1.46M | 1.53M | 0 | 0 | 0 | 0 | 257K | 257K |
| Effective Tax Rate % | 0% | 0% | 0.21% | 0.18% | 0% | 0% | 0% | 0% | 0.04% | 0.04% |
| Net Income | 433.06M▲ 0% | 390.15M▼ 9.9% | 439.29M▲ 12.6% | 568.87M▲ 29.5% | 488.55M▼ 14.1% | 408.31M▼ 16.4% | 405.82M▼ 0.6% | 741.52M▲ 82.7% | 672.49M▼ 9.3% | 575.56M▲ 0% |
| Net Margin % | 31.75% | 27.87% | 30.08% | 38.03% | 33.91% | 25.41% | 24.31% | 41.79% | 35.38% | 30.17% |
| Net Income Growth % | 4.36% | -9.91% | 12.59% | 29.5% | -14.12% | -16.42% | -0.61% | 82.72% | -9.31% | -14.34% |
| Funds From Operations (FFO) | 901.94M▲ 0% | 870.04M▼ 3.5% | 923.04M▲ 6.1% | 1.09B▲ 18.6% | 1.01B▼ 7.8% | 947.63M▼ 6.0% | 954.26M▲ 0.7% | 1.32B▲ 38.5% | 1.28B▼ 3.2% | 1.19B▲ 0% |
| FFO Margin % | 66.13% | 62.14% | 63.21% | 73.17% | 70.02% | 58.98% | 57.16% | 74.49% | 67.35% | 62.21% |
| FFO Growth % | 5.29% | -3.54% | 6.09% | 18.56% | -7.84% | -6.05% | 0.7% | 38.51% | -3.16% | 7.64% |
| FFO per Share | 13.69 | 13.17 | 14.00 | 16.69 | 15.50 | 14.56 | 14.85 | 20.57 | 19.86 | 18.41 |
| FFO Payout Ratio % | 49.96% | 55.65% | 55.01% | 48.99% | 53.82% | 59.72% | 61.51% | 46.94% | 51.1% | 41.85% |
| EPS (Diluted) | 6.57▲ 0% | 5.90▼ 10.2% | 6.66▲ 12.9% | 8.68▲ 30.3% | 7.51▼ 13.5% | 6.27▼ 16.5% | 6.32▲ 0.8% | 11.54▲ 82.6% | 10.41▼ 9.8% | 8.93▲ 0% |
| EPS Growth % | 4.78% | -10.2% | 12.88% | 30.33% | -13.48% | -16.51% | 0.8% | 82.59% | -9.79% | -14.91% |
| EPS (Basic) | 6.58 | 5.91 | 6.67 | 8.69 | 7.51 | 6.27 | 6.32 | 11.55 | 10.41 | - |
| Diluted Shares Outstanding | 65.9M | 66.09M | 65.94M | 65.56M | 65.09M | 65.1M | 64.25M | 64.25M | 64.46M | 64.46M |
Essex Property Trust, Inc. (ESS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 12.5B | 12.38B | 12.71B | 12.94B | 13B | 12.37B | 12.36B | 12.93B | 13.16B | 13.1B |
| Asset Growth % | 2.28% | -0.9% | 2.6% | 1.82% | 0.48% | -4.81% | -0.09% | 4.58% | 1.79% | 10.45% |
| Real Estate & Other Assets | 10.99B | 10.65B | 10.94B | 11.36B | 11.15B | 10.91B | 10.57B | 11.58B | 12.24B | 90.49M |
| PP&E (Net) | 0 | 0 | 74.74M | 72.14M | 68.97M | 67.24M | 63.76M | 51.56M | 50.83M | 49.96M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 352.06M | 432.83M | 359.65M | 484.85M | 591.5M | 258.47M | 662.75M | 352.35M | 227.18M | 249.39M |
| Cash & Equivalents | 44.62M | 134.47M | 70.09M | 73.63M | 48.42M | 33.3M | 391.75M | 66.8M | 85.59M | 47.41M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | -22.65M | -22.51M | -29.93M | -36.93M | -54.75M | 9.39M | 8.59M | 9.05M | -98.07M | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 8.9M | 7.4M | 6.1M | 7.7M | 7.5M | 0 |
| Total Liabilities | 6.06B | 5.95B | 6.26B | 6.72B | 6.79B | 6.45B | 6.74B | 7.18B | 7.42B | 7.47B |
| Total Debt | 5.69B | 5.61B | 5.89B | 6.33B | 6.36B | 6.03B | 6.27B | 6.65B | 6.9B | 6.86B |
| Net Debt | 5.64B | 5.47B | 5.82B | 6.25B | 6.31B | 5.99B | 5.88B | 6.59B | 6.82B | 6.81B |
| Long-Term Debt | 5.51B | 5.61B | 5.75B | 6.25B | 5.95B | 5.91B | 6.21B | 6.46B | 6.3B | 6.26B |
| Short-Term Borrowings | 179M | 0 | 55M | 0 | 341.26M | 52.07M | 0 | 137.94M | 549.4M | 549.14M |
| Capital Lease Obligations | 0 | 0 | 76.74M | 74.04M | 70.67M | 68.7M | 65.09M | 52.47M | 51.49M | 207.69M |
| Total Current Liabilities | 479.69M | 314.96M | 397.31M | 356.03M | 694.36M | 389.86M | 352.75M | 530.48M | 98.84M | 549.14M |
| Accounts Payable | 127.5M | 127.09M | 158.02M | 152.85M | 180.75M | 165.46M | 176.4M | 212.75M | 221.15M | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 69.86M | 33.38M | 36.56M | 39.14M | 75.51M | 85.97M | 111.66M | 129.49M | 969.44M | 611.32M |
| Total Equity | 6.44B▲ 0% | 6.43B▼ 0.1% | 6.44B▲ 0.2% | 6.22B▼ 3.5% | 6.21B▼ 0.1% | 5.92B▼ 4.7% | 5.63B▼ 5.0% | 5.75B▲ 2.2% | 5.74B▼ 0.2% | 5.63B▲ 0% |
| Equity Growth % | 1.56% | -0.1% | 0.18% | -3.5% | -0.07% | -4.65% | -5% | 2.22% | -0.25% | 2.74% |
| Shareholders Equity | 6.28B | 6.27B | 6.22B | 6B | 5.99B | 5.72B | 5.42B | 5.54B | 5.54B | 5.44B |
| Minority Interest | 158.63M | 162.25M | 220.49M | 215.02M | 217.57M | 205.89M | 203.44M | 214.19M | 195.52M | 191.56M |
| Common Stock | 7K | 7K | 7K | 6K | 7K | 6K | 6K | 6K | 6K | 6K |
| Additional Paid-in Capital | 7.13B | 7.09B | 7.12B | 6.88B | 6.92B | 6.75B | 6.66B | 6.67B | 6.68B | 6.64B |
| Retained Earnings | -833.73M | -812.8M | -887.62M | -861.19M | -916.83M | -1.08B | -1.27B | -1.16B | -1.15B | -1.21B |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 3.5% | 3.14% | 3.5% | 4.44% | 3.77% | 3.22% | 3.28% | 5.86% | 5.16% | 4.38% |
| Return on Equity (ROE) | 6.78% | 6.07% | 6.83% | 8.99% | 7.86% | 6.73% | 7.03% | 13.04% | 11.71% | 9.99% |
| Debt / Assets | 45.53% | 45.27% | 46.32% | 48.9% | 48.92% | 48.71% | 50.73% | 51.47% | 52.46% | 52.36% |
| Debt / Equity | 0.88x | 0.87x | 0.91x | 1.02x | 1.02x | 1.02x | 1.11x | 1.16x | 1.20x | 1.20x |
| Net Debt / EBITDA | 5.99x | 5.52x | 6.03x | 6.15x | 6.01x | 5.28x | 5.19x | 5.13x | 4.73x | 4.73x |
| Book Value per Share | 97.67 | 97.29 | 97.68 | 94.80 | 95.43 | 90.97 | 87.56 | 89.51 | 89.00 | 87.29 |
Essex Property Trust, Inc. (ESS) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 766.15M | 826.55M | 919.08M | 803.11M | 905.26M | 975.65M | 980.06M | 1.07B | 1.07B | 1.07B |
| Operating CF Growth % | 7.53% | 7.88% | 11.19% | -12.62% | 12.72% | 7.78% | 0.45% | 9% | 0.57% | 16.35% |
| Operating CF / Revenue % | 56.17% | 59.04% | 62.94% | 53.69% | 62.84% | 60.72% | 58.71% | 60.2% | 56.53% | 56.33% |
| Net Income | 458.04M | 413.6M | 464.45M | 599.33M | 515.69M | 432.99M | 430.71M | 811.31M | 669.67M | 575.56M |
| Depreciation & Amortization | 468.88M | 479.88M | 483.75M | 525.5M | 520.07M | 539.32M | 548.44M | 580.22M | 614.7M | 613.7M |
| Stock-Based Compensation | 9.29M | 7.13M | 7.01M | 8.16M | 7.31M | 7.21M | 8.03M | 7.16M | 10.2M | 10.89M |
| Other Non-Cash Items | -5.95M | -8.02M | -323K | -16.43M | -1.63M | 8.83M | -5.46M | -385.67M | -215.88M | -183.26M |
| Working Capital Changes | -24.13M | -173K | 37.51M | -13.36M | 33.32M | -2.46M | -1.65M | 55.29M | -4.27M | 41.73M |
| Cash from Investing | -477.24M | -59.89M | -527.69M | -416.9M | -397.4M | 145.96M | -145.14M | -973.05M | -552.48M | -390.32M |
| Acquisitions (Net) | -293.36M | -162.44M | -402.28M | -114.02M | -306.27M | -163.19M | -37.41M | -34.07M | 0 | -29.15M |
| Purchase of Investments | -67.89M | -37.95M | -46.46M | -83.38M | -23.8M | -18.11M | -20.78M | -1M | 0 | -14.5M |
| Sale of Investments | 35.48M | 31.52M | 147.53M | 113.47M | 16.58M | 71.22M | 64.32M | 27.35M | 0 | 10.3M |
| Other Investing | -80.48M | 190.66M | -124.79M | -242.88M | 37.29M | 419.23M | -10.9M | -828.93M | -552.48M | -239.24M |
| Cash from Financing | -310.84M | -676.39M | -461.69M | -383.26M | -533.26M | -1.14B | -477.27M | -419.74M | -512.2M | -536.82M |
| Dividends Paid | -450.63M | -484.18M | -507.75M | -536.1M | -542.86M | -565.92M | -586.98M | -620.47M | -654.07M | -496.58M |
| Common Dividends | -450.63M | -484.18M | -507.75M | -536.1M | -542.86M | -565.92M | -586.98M | -620.47M | -654.07M | -496.58M |
| Debt Issuance (Net) | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 0 |
| Share Repurchases | 0 | -52.15M | -56.99M | -269.61M | -9.63M | -190.04M | -96M | -296K | -8.11M | -58.05M |
| Other Financing | 49.28M | -29.48M | -43.16M | -53.78M | -9.05M | -25.97M | -37.79M | -88.69M | -51.7M | -40.65M |
| Net Change in Cash | -20.3M▲ 0% | 90.27M▲ 544.7% | -70.3M▼ 177.9% | 2.95M▲ 104.2% | -25.4M▼ 962.0% | -15.96M▲ 37.2% | 357.65M▲ 2341.4% | -324.49M▼ 190.7% | 9.74M▲ 103.0% | -22.28M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 64.92M | 61.13M | 151.4M | 81.09M | 84.04M | 58.64M | 42.68M | 400.33M | 75.85M | 0 |
| Cash at End | 44.62M | 151.4M | 81.09M | 84.04M | 58.64M | 42.68M | 400.33M | 75.85M | 85.59M | 0 |
| Free Cash Flow | 695.16M▲ 0% | 744.87M▲ 7.2% | 817.39M▲ 9.7% | 713.02M▼ 12.8% | 784.06M▲ 10.0% | 812.46M▲ 3.6% | 839.69M▲ 3.4% | 931.91M▲ 11.0% | 1.07B▲ 15.3% | 962.35M▲ 0% |
| FCF Growth % | 6.54% | 7.15% | 9.74% | -12.77% | 9.96% | 3.62% | 3.35% | 10.98% | 15.29% | 7.28% |
| FCF / Revenue % | 50.97% | 53.2% | 55.98% | 47.67% | 54.43% | 50.56% | 50.3% | 52.52% | 56.53% | 50.45% |
Essex Property Trust, Inc. (ESS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 13.69 | 13.17 | 14 | 16.69 | 15.5 | 14.56 | 14.85 | 20.57 | 19.86 | 18.41 |
| FFO Payout Ratio | 49.96% | 55.65% | 55.01% | 48.99% | 53.82% | 59.72% | 61.51% | 46.94% | 51.1% | 41.85% |
| NOI Margin | 87.06% | 86.88% | 87.04% | 85.85% | 83.88% | 69.02% | 68.13% | 68.06% | 68.82% | 69.44% |
| Net Debt / EBITDA | 5.99x | 5.52x | 6.03x | 6.15x | 6.01x | 5.28x | 5.19x | 5.13x | 4.73x | 4.73x |
| Debt / Assets | 45.53% | 45.27% | 46.32% | 48.9% | 48.92% | 48.71% | 50.73% | 51.47% | 52.46% | 52.36% |
| Interest Coverage | 4.08x | 3.93x | 4.25x | 4.92x | 4.84x | 2.93x | 3.02x | 4.44x | 3.71x | - |
| Book Value / Share | 97.67 | 97.29 | 97.68 | 94.8 | 95.43 | 90.97 | 87.56 | 89.51 | 89 | 87.29 |
| Revenue Growth | 5.4% | 2.65% | 4.29% | 2.44% | -3.69% | 11.54% | 3.89% | 6.29% | 7.11% | 3.84% |
Essex Property Trust, Inc. (ESS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 28, 2026·SEC
Feb 4, 2026·SEC
Dec 12, 2025·SEC
Essex Property Trust, Inc. (ESS) stock FAQ — growth, dividends, profitability & financials explained
Essex Property Trust, Inc. (ESS) reported $1.91B in revenue for fiscal year 2025. This represents a 3663% increase from $50.7M in 1996.
Essex Property Trust, Inc. (ESS) grew revenue by 7.1% over the past year. This is steady growth.
Yes, Essex Property Trust, Inc. (ESS) is profitable, generating $575.6M in net income for fiscal year 2025 (35.4% net margin).
Yes, Essex Property Trust, Inc. (ESS) pays a dividend with a yield of 3.80%. This makes it attractive for income-focused investors.
Essex Property Trust, Inc. (ESS) has a return on equity (ROE) of 11.7%. This is reasonable for most industries.
Essex Property Trust, Inc. (ESS) generated Funds From Operations (FFO) of $1.19B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Essex Property Trust, Inc. (ESS) offers a 3.80% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Essex Property Trust, Inc. (ESS) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates