Essex Property Trust, Inc. (ESS) Earnings History
Profitable32 years of earnings data (1994–2025) · Positive TTM net income
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Essex Property Trust, Inc. (ESS) Earnings Overview
As of June 21, 2026, Essex Property Trust, Inc. (ESS) reported trailing twelve-month net income of $576M, reflecting -9.8% year-over-year growth. The company earned $8.93 per diluted share over the past four quarters, with a net profit margin of 35.4%.
Looking at the long-term picture, ESS's 5-year EPS compound annual growth rate (CAGR) stands at +3.7%, reflecting modest earnings expansion. The company achieved its highest annual net income of $742M in fiscal 2024.
Essex Property Trust, Inc. maintains industry-leading profitability with a gross margin of 68.8%, operating margin of 43.9%, and net margin of 35.4%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including EQR ($954M net income, 36.1% margin), AVB ($1.05B net income, 34.6% margin), UDR ($491M net income, 22.1% margin), ESS has room to improve margins relative to the peer group. Compare ESS vs EQR →
ESS Earnings vs Peers
Earnings metrics vs comparable public companies
ESS Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $672M | -9.3% | $834M | $10.41 | 35.4% | 43.9% |
| 2024 | $742M | +82.7% | $703M | $11.54 | 41.8% | 39.6% |
| 2023 | $406M | -0.6% | $584M | $6.32 | 24.3% | 35.0% |
| 2022 | $408M | -16.4% | $595M | $6.27 | 25.4% | 37.0% |
| 2021 | $489M | -14.1% | $530M | $7.51 | 33.9% | 36.8% |
| 2020 | $569M | +29.5% | $491M | $8.68 | 38.0% | 32.9% |
| 2019 | $439M | +12.6% | $481M | $6.66 | 30.1% | 32.9% |
| 2018 | $390M | -9.9% | $512M | $5.90 | 27.9% | 36.6% |
| 2017 | $433M | +4.4% | $473M | $6.57 | 31.8% | 34.7% |
| 2016 | $415M | +78.8% | $421M | $6.27 | 32.1% | 32.5% |
| 2015 | $232M | +90.0% | $331M | $3.49 | 19.4% | 27.7% |
| 2014 | $122M | -21.8% | $202M | $2.06 | 12.6% | 20.8% |
| 2013 | $156M | +24.7% | $189M | $4.04 | 25.6% | 30.9% |
| 2012 | $125M | +166.2% | $167M | $3.41 | 23.4% | 31.2% |
| 2011 | $47M | +31.0% | $135M | $1.24 | 10.1% | 28.8% |
| 2010 | $36M | -3.2% | $111M | $1.14 | 8.8% | 27.0% |
| 2009 | $37M | -43.2% | $113M | $2.91 | 9.0% | 27.3% |
| 2008 | $65M | -43.5% | $138M | $2.21 | 16.0% | 33.8% |
| 2007 | $116M | +84.3% | $49M | $4.24 | 30.5% | 13.0% |
| 2006 | $63M | -21.3% | $48M | $2.45 | 18.5% | 14.0% |
| 2005 | $80M | +0.0% | $37M | $3.32 | 25.4% | 11.8% |
| 2004 | $80M | +110.0% | $49M | $3.36 | 27.5% | 17.1% |
| 2003 | $38M | -28.2% | $50M | $1.57 | 15.8% | 20.8% |
| 2002 | $53M | +8.9% | $52M | $2.60 | 25.4% | 25.2% |
| 2001 | $49M | +9.5% | $46M | $2.63 | 27.1% | 25.5% |
| 2000 | $44M | +1.8% | $95M | $2.37 | 24.3% | 51.8% |
| 1999 | $44M | +65.5% | $73M | $2.36 | 29.8% | 50.2% |
| 1998 | $26M | -10.2% | $60M | $1.36 | 21.0% | 47.9% |
| 1997 | $29M | +230.1% | $42M | $1.92 | 34.7% | 49.3% |
| 1996 | $9M | -17.8% | $24M | $1.12 | 17.5% | 47.2% |
| 1995 | $11M | +227.3% | $73M | $1.73 | 21.6% | 146.1% |
| 1994 | $3M | - | $32M | $0.52 | 16.2% | 154.9% |
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ESS — Frequently Asked Questions
Quick answers to the most common questions about buying ESS stock.
What is ESS earnings per share (EPS)?
ESS trailing twelve-month (TTM) diluted EPS is $8.93, reflecting -9.8% year-over-year growth. The 5-year EPS CAGR is +3.7%. Complete EPS history from 1994 to 2025 is available in the table on this page.
What is Essex Property Trust, Inc.'s net income?
Essex Property Trust, Inc. (ESS) trailing twelve-month net income is $576M as of 2025. Earnings declined -9.8% year-over-year. Essex Property Trust, Inc. has been profitable for 32 consecutive years.
Is ESS profitable?
Yes, ESS is profitable with a TTM net income of $576M and a net profit margin of +35.4%. Essex Property Trust, Inc. has generated profits for 32 consecutive years.
What is ESS's earnings growth rate?
ESS compound annual EPS growth rates (CAGR): 1-Year: -9.8%, 3-Year: +18.4%, 5-Year: +3.7%, 10-Year: +11.5%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2025.
What are ESS's profit margins?
Essex Property Trust, Inc. net profit margin is +35.4%, operating margin is +43.9%, and gross margin is +68.8%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +11.7%.
Is ESS growing earnings?
ESS earnings are declining — EPS fell -9.8% year-over-year. TTM net income dropped to $576M. This contrasts with the 5-year CAGR of +3.7%.
What was ESS's best earnings year?
Essex Property Trust, Inc.'s highest annual net income on record is $742M, achieved in fiscal year 2024. Earnings history on this page spans 1994 to 2025 and includes all annual and quarterly figures.
What were ESS's earnings last quarter?
ESS's most recent reported quarter was Q1 2026. Net income was $106M with diluted EPS of $1.65. For a full breakdown of all quarters, see the quarterly earnings table on this page.