Seeking Alpha·Sep 16, 2026
Essex Property Trust, Inc. (ESS) Presents at BofA NY Global Real Estate Conference 2026 TranscriptEssex Property Trust, Inc. (ESS) Presents at BofA NY Global Real Estate Conference 2026 Transcript
Essex Property Trust's core West Coast portfolio continues to demonstrate operational resilience, with NOI margins expanding to 71.2% in 2026Q2 from 68.6% a year earlier. However, the sharp 90% decline in FFO per share to $0.58 in 2026Q2, coupled with a divide...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth decelerated to 4.1% in 2026Q2, yet NOI margin improved to 71.2%, but FFO per share plunged 90% to $0.58, highlighting earnings quality issues.
Essex Property Trust is projected to experience positive same-store revenue growth in 2026, with manageable expense growth leading to a projected 2.1% growth in Net Operating Income (NOI). The company's projected revenue growth outpaces that of many competitors.
The company's focus on high-quality properties in key West Coast markets positions it well to capitalize on demand drivers. This includes potential upside from AI-related job growth in Northern California and recovery demand in Southern California following recent wildfires.
Recent Q1 2026 results showed a year-over-year increase in same-property revenue (2.9%) and NOI (4.1%), demonstrating resilience and effective portfolio management. Same-property NOI increased 4.1% in Q1 2026, with Northern California revenues up 3.9% year-over-year.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 29, 2026 | $0.97-33.6% vs $1.46 | $487M+0.3% vs $485M |
Q2 2026 Apr 28, 2026 | $1.65+16.2% vs $1.42 | $482M+0.5% vs $480M |
Q1 2026 Feb 4, 2026 | $1.25-13.8% vs $1.45 | $477M+0.7% vs $474M |
Q4 2025 Oct 29, 2025 | $2.56+64.1% vs $1.56 | $471M-0.2% vs $472M |
Essex Property Trust, Inc. (ESS) Presents at BofA NY Global Real Estate Conference 2026 Transcript
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 2026 Bank of America Global Real Estate Conference on Wednesday, September 16, 2026 at 10:20 a.m. Eastern Time. To listen to the panel, please visit the webcast link under the latest events section of the Company's Investors website at www.essex.com. An archive of the webcast will be available for thirty da.
Essex Property Trust, Inc. (ESS) delivered strong Q2 2026 results, beating Core FFO guidance and raising full-year Core FFO for the second consecutive quarter. ESS resolved its two largest litigation matters, removing a key risk overhang and improving its risk profile going forward. The company maintains a robust balance sheet, opportunistically repurchasing shares and redeploying capital into high-yield investments.
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 $2.59 per common share, payable October 15, 2026 to shareholders of record as of September 30, 2026.About Essex Property Trust, Inc.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 s.
Benchmark ESS against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Essex Property Trust, Inc. (ESS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $273.47 | $17.57B | 26.27 | 7.11% | 35.38% | 11.71% | 3.71% | |
| $68.14 | $25.55B | 23.42 | 4.06% | 27.91% | 7.82% | — | |
| $68.14 | $9.68B | 9.22 | 4.29% | 33.39% | 8.58% | — | |
| $33.79 | $10.98B | 29.90 | 2.42% | 30.43% | 14.38% | — | |
| $97.68 | $9.82B | 27.59 | 1.92% | 20.74% | 7.66% | — | |
| $117.78 | $13.71B | 31.16 | 0.83% | 18.17% | 6.96% | — |
Essex Property Trust, Inc. (ESS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Essex Property Trust, Inc. (ESS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 29, 2026·SEC
May 29, 2026·SEC
May 14, 2026·SEC
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Essex Property Trust, Inc. (ESS) stock FAQ — growth, dividends, profitability & financials explained
Essex Property Trust, Inc. (ESS) reported $1.93B in revenue for fiscal year 2025. This represents a 3701% 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 $237.5M in net income for fiscal year 2025 (35.4% net margin).
Yes, Essex Property Trust, Inc. (ESS) pays a dividend with a yield of 3.71%. 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 $851.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Essex Property Trust, Inc. (ESS) offers a 3.71% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
