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Essex Property Trust(NYSE) ESS

Current Price$294.61
Market Cap$18.84BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1994)+6,087%
5 Year+6%
1 Year+4%
1 Month+6%
Essex Property Trust last closing stock price
MetricPriceDate
Last closeUSD 293.202026-07-23
Essex Property Trust stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-1.42%USD 297.422026-07-16
1 month+5.9%USD 276.862026-06-23
3 month+15.83%USD 253.132026-04-24
Year to date+15.39%USD 254.102025-12-31
1 year+4.21%USD 281.362025-07-23
3 year+34.33%USD 218.262023-07-24
5 year+5.86%USD 276.972021-07-23
Since inception+6,086.62%USD 4.741994-06-07

Essex Property Trust Financials at a Glance

Market Cap

$18.84BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.91B

Net Income (TTM)

$575.56M

EPS (TTM)

$8.89

P/E Ratio

32.98

Dividend

$10.32

Beta (Volatility)

0.71 (Low)

Price

$294.61

Volume

0.012

Open

$292.81

Previous Close

$293.20

Daily Range

$291.31 - $295.86

52-Week Range

$238.46 - $303.35

Estimated Earnings Date

Jul 29, 2026

ESS News

TMF-Wall-Street-Sign-Green-StockVStock.png

American Homes 4 Rent vs. Essex Property Trust: Which Real Estate Stock Is a Better Buy in 2026?

Robert IzquierdoJun 14, 2026
Newark homes

5 Best Real Estate Dividend Stocks for 2026 and How to Invest

Matt DiLalloJun 7, 2026
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3 Dividend Powerhouse Stocks Yielding Over 3% to Buy Today

William DahlNov 16, 2025
Foolcom-Featured.png

Essex (ESS) Q2 Revenue Rises 6%

Motley Fool Markets TeamJul 31, 2025
A hand drawing money signs and an upward arrow on a chalkboard.

Beyond the Recession Hype: 3 Unstoppable Stocks That Can Reward You for Years

Matt DiLalloAug 24, 2024
A hand putting another coin on a rising stack next to a rising money chart.

Looking for Safe Income? This Stock Raised Its Dividend in the Last 3 Recessions.

Matt DiLalloOct 11, 2023
23_09_11 A red marker on a map highlighting the Silicon Valley area of California _MF Dload

One State Is All It Takes for This Dividend Stock to Excel

Reuben Gregg BrewerSep 16, 2023
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Scoop Up Shares of These 3 Dividend Stalwarts While They're on Sale

Matt DiLalloJan 21, 2023
Page 1

ESS: Motley Fool Moneyball Superscore

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About Essex Property Trust

Essex Property Trust helps people find and rent quality homes on the West Coast. The company buys, builds, and manages apartment buildings in busy areas. These homes provide essential housing for people working in major tech and business hubs.

The Housing Portfolio

  • Apartment Communities: Ownership and management of 259 properties across Southern California, Northern California, and the Seattle area.
  • Development Projects: New apartment construction and land acquisition for future housing in high-demand markets.
  • Redevelopment: Upgrades to existing buildings to improve the living environment and financial performance of the property.
  • Preferred Equity: Investments in properties owned by other developers that earn a fixed rate of return.

A Busy Year for Growth

  • Acquired seven apartment properties in California during 2025 for a total cost of $829.5 million.
  • Formed Wesco VII, LLC in July 2025 as a joint venture with the State of Wisconsin Investment Board to invest in new projects.
  • Assumed full control of Artizan in January 2025 and TENTEN Downtown in November 2025 following defaults by third-party partners.
  • Sold five properties in California and Washington during 2025 to reinvest capital into higher-return opportunities.

Where Essex Stands Out

The company focuses exclusively on West Coast markets where limited land and strict regulations make it difficult for competitors to build new housing. It uses a data-driven research approach to adjust its portfolio based on where job growth and local incomes are highest.

By the Numbers

  • Revenue reached $479.6 million in Q4 2025, up 5.5% from Q4 2024.
  • Operating income was $145.5 million in Q4 2025, down 52.2% from the same period in 2024.
  • Net income hit $83.4 million in Q4 2025, down 67.6% year-over-year.
  • Free cash flow hit $234.2 million in Q4 2025, up 30.5% from Q4 2024.
  • Operating cash flow was $234.2 million in Q4 2025, up 7.3% compared to the previous year.

The Bottom Line

Essex has transitioned into a specialized West Coast residential powerhouse by focusing on supply-constrained markets. Its ability to balance property management with strategic acquisitions and development maintains its presence in key economic regions.

AI Generated • Apr 20, 2026

Industry

Residential REITs

Sector

Real Estate

Employees

1,689

CEO

Angela L. Kleiman, MBA

Website

www.essexapartmenthomes.com

Headquarters

San Mateo, CA 94403, US

ESS Financials

Key Financial Metrics (TTM)

Gross Margin

69.44%

Operating Margin

38.38%

Net Income Margin

30.17%

Return on Equity

10.35%

Return on Capital

6.70%

Return on Assets

4.40%

Earnings Yield

3.03%

Dividend Yield

3.52%

Payout Ratio

1.15%

Stock Overview

Market Cap

$18.84BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

64.26M

Volume

0.012

Avg. Volume

490.20K

Financials (TTM)

Gross Profit

$1.32B

Operating Income

$732.14M

EBITDA

$1.47B

Operating Cash Flow

$1.08B

Capital Expenditure

-$132.22M

Free Cash Flow

$947.87M

Cash & ST Invst.

$47.41M

Total Debt

$6.86B

Essex Property Trust Performance Analysis

Essex Property Trust annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,606,814,00011.5%
20232023-12-31USD 1,669,395,0003.9%
20242024-12-31USD 1,774,450,0006.3%
20252025-12-31USD 1,887,345,0006.4%
Essex Property Trust sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-1.7%
Q32025-09-300.7%
Q42025-12-311.3%
Q12026-03-311.1%
Essex Property Trust annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 6.27-16.4%
20232023-12-31USD 6.320.7%
20242024-12-31USD 11.5482.7%
20252025-12-31USD 10.40-9.9%
Essex Property Trust sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-308.9%
Q32025-09-30-25.6%
Q42025-12-31-51.2%
Q12026-03-3132.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$484.76M

+1.5%

Gross Profit

$343.50M

+5.1%

Gross Margin

70.86%

N/A

Market Cap

$18.84BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$11.16M

N/A

Employees

1,689

N/A

Net Income

$106.19M

-47.7%

EBITDA

$331.13M

+6.6%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$47.41M

-72.9%

Total Debt

$6.86B

+0.2%

Accounts Receivable

$201.98M

+51.0%

Inventory

$0.00

-100.0%

Long Term Debt

$6.31B

-7.8%

Short Term Debt

$549.14M

N/A

Return on Assets

4.40%

N/A

Return on Invested Capital

5.84%

N/A

Free Cash Flow

$267.38M

+5.4%

Operating Cash Flow

$287.17M

+2.0%

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Questions About ESS

What is the current price of Essex Property Trust?

Essex Property Trust is trading at $293.20 per share.

What is the 52-week range for Essex Property Trust?

Over the past 52 weeks, Essex Property Trust has traded between $238.46 and $303.35.

How much debt does Essex Property Trust have?

As of the most recent reporting period, Essex Property Trust reported total debt of $6.86B.

How much cash does Essex Property Trust have on hand?

Essex Property Trust reported $47.41M in cash and cash equivalents in its most recent financial results.

What is Essex Property Trust’s dividend yield?

Essex Property Trust currently has a dividend yield of 3.52%.

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