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270.82 USD
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P/E
42.93
EPS
6.32
Yield
3.82%
Safety Score
85
P/B
3.28
ROE
7.71
Beta
0.71
Target Price
304.47 USD
Essex Property Trust, Inc. logo

Essex Property Trust, Inc.

🧾 Earnings Recap – Q2 2026

Essex Property Trust shares fell 4.3% following earnings, reflecting investor disappointment with the cautious third quarter guidance and a sequential decline in core FFO per share despite an upward revision to full year outlook.

  • Core FFO per share for Q2 beat midpoint guidance by $0.10, driven by stronger same-property NOI (+$0.05) and non-same-property NOI (+$0.03).
  • Same-property NOI growth forecast for full year raised to 2.8% (up 70 bps), supported by improved revenue growth (+40 bps) and lower operating expenses (mainly property tax savings).
  • Third quarter core FFO per share guidance set at $3.99 midpoint, down $0.09 sequentially, pressured by normal seasonal expense increases and higher controllable spending.
  • Operating expense increases in H2 expected to offset some of the positive momentum from revenue growth.
  • Balance sheet remains solid with net debt-to-EBITDA at 5.4x, $1 billion+ liquidity, and minimal near-term maturities.
📅
1M 6M YTD 1Y 2Y 5Y Max
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Key Metrics
Earnings dateOct. 27, 2026
P/E42.93
EPS6.32
Book Value82.83
Price to Book3.28
Debt/Equity122.41
% Insiders0.733%
Growth
Revenue Growth0.03%
Earnings Growth-0.72%
Estimates
Forward P/E43.07
Forward EPS6.30
Target Mean Price304.47
Dividend
Dividend Yield3.82%
Annual dividends10.32 USD
Ex-Div. DateSept. 30, 2026
Payout159.21%
5y avg Yield3.41%

DCF Valuation

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DCF Result
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Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

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 270.82 USD. Market analysts have a consensus price target of 304.47 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 42.93. This high multiple suggests investors have priced in significant future growth expectations.

Earnings Schedule: Essex Property Trust, Inc. is expected to release its next earnings report on Oct. 27, 2026. The market consensus estimate for Forward EPS is 6.30.

For income investors, Essex Property Trust, Inc. pays a dividend yield of 3.82%. With a payout ratio of 159%, the dividend appears to be under pressure.

Investor FAQ

Does Essex Property Trust, Inc. pay a dividend?

Yes, it pays an annual dividend of 10.32 USD (3.82% 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 Oct. 27, 2026. The company currently has a trailing EPS of 6.32.

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 258 apartment communities comprising over 62,000 apartment homes with an additional property in active development. Essex Property Trust, Inc. was incorporated in 1971 in Maryland and is based in San Mateo, United States.

Exchange Ticker
LSE (United Kingdom) 0IIR.L
NYQ (United States) ESS
Trades
Dividend Yield
3.82%
5y avg 3.41%
Annual Dividends
10.32USD
Next Ex. Div Date
Sept. 30, 2026
Payout Ratio
159.21%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
▸2027
8.08 USD
July 15, 2027 (estimated) 2.6994
April 15, 2027 (estimated) 2.6994
Jan. 15, 2027 (estimated) 2.6818
▸2026
10.34 USD
Oct. 15, 2026 2.5900
July 15, 2026 2.5900
April 15, 2026 2.5900
Jan. 15, 2026 2.5700
▸2025
10.16 USD
Oct. 15, 2025 2.5700
July 15, 2025 2.5700
April 15, 2025 2.5700
Jan. 15, 2025 2.4500
▸2024
9.66 USD
Oct. 11, 2024 2.4500
July 12, 2024 2.4500
April 12, 2024 2.4500
Jan. 12, 2024 2.3100
▸2023
9.13 USD
Oct. 13, 2023 2.3100
July 14, 2023 2.3100
April 14, 2023 2.3100
Jan. 13, 2023 2.2000
▸2022
8.69 USD
Oct. 14, 2022 2.2000
July 15, 2022 2.2000
April 14, 2022 2.2000
Jan. 14, 2022 2.0900
▸2021
8.35 USD
Oct. 15, 2021 2.0900
July 15, 2021 2.0900
April 15, 2021 2.0900
Jan. 15, 2021 2.0780
▸2020
8.18 USD
Oct. 15, 2020 2.0780
July 15, 2020 2.0780
April 15, 2020 2.0780
Jan. 15, 2020 1.9500
▸2019
7.71 USD
Oct. 15, 2019 1.9500
July 12, 2019 1.9500
April 12, 2019 1.9500
Jan. 15, 2019 1.8600
▸2018
7.33 USD
Oct. 12, 2018 1.8600
July 13, 2018 1.8600
April 16, 2018 1.8600
Jan. 16, 2018 1.7500
▸2017
6.85 USD
Oct. 16, 2017 1.7500
July 14, 2017 1.7500
April 17, 2017 1.7500
Jan. 17, 2017 1.6000
▸2016
6.24 USD
Oct. 14, 2016 1.6000
July 15, 2016 1.6000
April 15, 2016 1.6000
Jan. 15, 2016 1.4400
▸2015
5.62 USD
Oct. 15, 2015 1.4400
July 15, 2015 1.4400
April 15, 2015 1.4400
Jan. 15, 2015 1.3000
▸2014
5.02 USD
Oct. 15, 2014 1.3000
July 15, 2014 1.3000
March 31, 2014 1.2100
Jan. 15, 2014 1.2100
▸2013
4.73 USD
Oct. 15, 2013 1.2100
July 15, 2013 1.2100
April 15, 2013 1.2100
Jan. 15, 2013 1.1000
▸2012
4.34 USD
Oct. 15, 2012 1.1000
July 13, 2012 1.1000
April 13, 2012 1.1000
Jan. 13, 2012 1.0400
▸2011
4.15 USD
Oct. 14, 2011 1.0400
July 15, 2011 1.0400
April 15, 2011 1.0400
Jan. 14, 2011 1.0330
▸2010
4.13 USD
Oct. 15, 2010 1.0330
July 15, 2010 1.0330
April 15, 2010 1.0330
Jan. 15, 2010 1.0300
▸2009
4.11 USD
Oct. 15, 2009 1.0300
July 15, 2009 1.0300
April 15, 2009 1.0300
Jan. 15, 2009 1.0200
▸2008
3.99 USD
Oct. 15, 2008 1.0200
July 15, 2008 1.0200
April 15, 2008 1.0200
Jan. 15, 2008 0.9300
▸2007
3.63 USD
Oct. 15, 2007 0.9300
July 16, 2007 0.9300
April 16, 2007 0.9300
Jan. 15, 2007 0.8400
▸2006
3.33 USD
Oct. 16, 2006 0.8400
July 14, 2006 0.8400
April 17, 2006 0.8400
Jan. 13, 2006 0.8100
▸2005
3.22 USD
Oct. 15, 2005 0.8100
July 15, 2005 0.8100
April 15, 2005 0.8100
Jan. 15, 2005 0.7900
▸2004
3.15 USD
Oct. 15, 2004 0.7900
July 15, 2004 0.7900
April 15, 2004 0.7900
Jan. 15, 2004 0.7800
▸2003
3.11 USD
Oct. 15, 2003 0.7800
July 15, 2003 0.7800
April 15, 2003 0.7800
Jan. 15, 2003 0.7700
▸2002
3.01 USD
Oct. 15, 2002 0.7700
July 15, 2002 0.7700
April 15, 2002 0.7700
Jan. 15, 2002 0.7000
▸2001
2.71 USD
Oct. 15, 2001 0.7000
July 16, 2001 0.7000
April 16, 2001 0.7000
Jan. 15, 2001 0.6100
▸2000
2.32 USD
Oct. 16, 2000 0.6100
July 17, 2000 0.6100
April 17, 2000 0.5500
Jan. 17, 2000 0.5500
▸1999
2.10 USD
Oct. 15, 1999 0.5500
July 15, 1999 0.5500
April 15, 1999 0.5000
Jan. 15, 1999 0.5000
▸1998
1.90 USD
Oct. 15, 1998 0.5000
July 15, 1998 0.5000
April 15, 1998 0.4500
Jan. 15, 1998 0.4500
▸1997
1.76 USD
Oct. 15, 1997 0.4500
July 15, 1997 0.4350
April 15, 1997 0.4350
Jan. 15, 1997 0.4350
▸1996
1.69 USD
Oct. 15, 1996 0.4350
July 15, 1996 0.4200
April 12, 1996 0.4200
Jan. 16, 1996 0.4200
▸1995
1.67 USD
Oct. 16, 1995 0.4200
July 17, 1995 0.4175
April 17, 1995 0.4175
Jan. 16, 1995 0.4175
▸1994
0.50 USD
Oct. 15, 1994 0.4175
July 15, 1994 0.0800
Upcoming Dividends
Name Payment Date Status Amount
Essex Property Trust, Inc. Oct 15, 2026 Upcoming 2.59 USD
Essex Property Trust, Inc. Jul 15, 2026 2.59 USD
Essex Property Trust, Inc. Apr 15, 2026 2.59 USD
Essex Property Trust, Inc. Jan 15, 2026 2.57 USD
Essex Property Trust, Inc. Oct 15, 2025 2.57 USD
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