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247.34 USD
P/E
23.34
EPS
10.40
Yield
4.16%
Safety Score
96
P/B
2.82
ROE
12.24
Beta
0.72
Target Price
279.22 USD
Essex Property Trust, Inc. logo

Essex Property Trust, Inc.

🧾 Earnings Recap – Q3 2025

Essex Property Trust delivered solid third-quarter results, exceeding Core FFO guidance by $0.03 while maintaining a positive outlook for continued growth in 2026 driven by low housing supply and sustained demand in key markets.

  • Core FFO per share beat expectations, raising full-year guidance midpoint to $15.94.
  • Blended lease rate growth was 3%, with Northern California leading at nearly 4% while Southern California lagged at 1.2%.
  • Anticipated decline in housing supply by 40% in 2026 positions Essex favorably amidst economic uncertainty.
  • Strategic acquisitions in high-growth Northern California submarkets bolstered NAV and cash flow, with $1 billion deployed since 2024.
  • Strong balance sheet with a net debt to EBITDA ratio of 5.5x and over $1.5 billion in available liquidity provides stability heading into 2026.
📅
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Key Metrics
Earnings dateMay 5, 2026
P/E23.34
EPS10.40
Book Value85.99
Price to Book2.82
Debt/Equity119.43
% Insiders1.180%
Growth
Revenue Growth0.03%
Earnings Growth-0.69%
Estimates
Forward P/E39.49
Forward EPS6.15
Target Mean Price279.22
Dividend
Dividend Yield4.16%
Annual dividends10.30 USD
Ex-Div. DateMarch 31, 2026
Payout97.26%
5y avg Yield3.41%

DCF Valuation

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DCF Result

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Essex Property Trust, Inc. Logo Essex Property Trust, Inc. Analysis (ESS)

United States Real Estate Official Website Stock

Is Essex Property Trust, Inc. a good investment? Essex Property Trust, Inc. (ESS) is currently trading at 247.34 USD. Market analysts have a consensus price target of 279.22 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 23.34. This valuation is generally in line with the broader market.

Earnings Schedule: Essex Property Trust, Inc. is expected to release its next earnings report on May 5, 2026. The market consensus estimate for Forward EPS is 6.15.

For income investors, Essex Property Trust, Inc. pays a dividend yield of 4.16%. With a payout ratio of 97%, the dividend appears to be under pressure.

Investor FAQ

Does Essex Property Trust, Inc. pay a dividend?

Yes, it pays an annual dividend of 10.30 USD (4.16% yield).

What asset class is Essex Property Trust, Inc.?

Essex Property Trust, Inc. is classified as a Stock. You can compare it against 2 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be May 5, 2026. The company currently has a trailing EPS of 10.40.

Company Profile

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.

Exchange Ticker
LSE (United Kingdom) 0IIR.L
NYQ (United States) ESS
Dividend Yield

4.16% (5y avg: 3.41%)

Annual Dividends

10.30 USD

Next ex. div date

March 31, 2026

Payout Ratio

97.26%

Historical Dividends
Year Total Dividends
2027 2.68 USD
2026 10.52 USD
2025 10.16 USD
2024 9.66 USD
2023 9.13 USD
2022 8.69 USD
2021 8.35 USD
2020 8.18 USD
2019 7.71 USD
2018 7.33 USD
2017 6.85 USD
2016 6.24 USD
2015 5.62 USD
2014 5.02 USD
2013 4.73 USD
2012 4.34 USD
2011 4.15 USD
2010 4.13 USD
2009 4.11 USD
2008 3.99 USD
2007 3.63 USD
2006 3.33 USD
2005 3.22 USD
2004 3.15 USD
2003 3.11 USD
2002 3.01 USD
2001 2.71 USD
2000 2.32 USD
1999 2.10 USD
1998 1.90 USD
1997 1.76 USD
1996 1.71 USD
1995 1.68 USD
1994 0.50 USD

Yearly aggregated dividends

Dividends

Essex Property Trust, Inc.
Apr 15, 2026 Upcoming
Dividend
2.59 USD
Essex Property Trust, Inc.
Jan 15, 2026 Paid
Dividend
2.57 USD
Essex Property Trust, Inc.
Oct 15, 2025 Paid
Dividend
2.57 USD
Essex Property Trust, Inc.
Jul 15, 2025 Paid
Dividend
2.57 USD

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