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    Essex Property Trust Inc (ESS)

    Official site

    REAL ESTATE • REIT - RESIDENTIAL • NYSE

    $269.79
    +0.42 (+0.16%)

    Market Cap: $18.57B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    67%(26/39)
    Avg Surprise
    +14.65%
    Streak
    2 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.46
    Range$1.44 - $1.48
    4 analysts
    EPS Revisions
    1
    0
    7d
    3
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$1.42+2.9%
    60d ago$1.41+3.7%
    30d ago$1.44+1.4%
    7d ago$1.460.0%
    Current$1.46
    Revenue Consensus
    $492M
    Range$489M - $501M
    13 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.14
    Range$1.11 - $1.19
    3 analysts
    Revenue Consensus
    $500M
    Range$480M - $565M
    15 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.14---
    Sep 26EST
    		-$1.46---
    Jun 26
    Reported Jul 29
    		$4.08$4.03+1.24%Beat+175.7%
    Mar 26
    Reported Apr 28
    		$1.65$1.43+15.38%Beat+14.6%
    Dec 25
    Reported Feb 4
    		$1.25$1.47-14.97%Miss+92.3%
    Sep 25
    Reported Oct 29
    		$1.59$1.67-4.79%Miss+18.7%
    Jun 25
    Reported Jul 29
    		$1.48$1.41+4.96%Beat+3.5%
    Mar 25
    Reported Apr 29
    		$1.44$1.41+2.13%Beat-30.1%
    Dec 24
    Reported Feb 4
    		$0.65N/A-52.21%Miss-35.6%
    Sep 24
    Reported Oct 29
    		$1.34$1.35-0.74%Miss-2.2%
    Jun 24
    Reported Jul 30
    		$1.43$1.45-1.38%Miss-9.5%
    Mar 24
    Reported Apr 30
    		$2.06$1.36+51.47%Beat+41.1%
    Dec 23
    Reported Feb 6
    		$1.01$1.46-30.82%Miss-26.3%
    Sep 23
    Reported Oct 26
    		$1.37$1.44-4.86%Miss+15.1%
    Jun 23
    Reported Jul 27
    		$1.58$1.39+13.67%Beat+81.6%
    Mar 23
    Reported Apr 27
    		$1.46$1.31+11.45%Beat+35.2%
    Dec 22
    Reported Feb 7
    		$1.37$1.40-2.14%Miss-39.1%
    Sep 22
    Reported Oct 26
    		$1.19$1.41-15.60%Miss-1.7%
    Jun 22
    Reported Jul 26
    		$0.87$1.58-44.94%Miss-13.0%
    Mar 22
    Reported Apr 26
    		$1.08$1.28-15.63%Miss-1.8%
    Dec 21
    Reported Feb 2
    		$2.25$1.05+114.29%Beat+52.0%
    Sep 21
    Reported Oct 26
    		$1.21$1.04+16.35%Beat-14.8%
    Jun 21
    Reported Jul 29
    		$1.00$0.99+1.01%Beat-12.3%
    Mar 21
    Reported Apr 27
    		$1.10$0.98+12.24%Beat-9.1%
    Dec 20
    Reported Feb 4
    		$1.48$0.96+54.17%Beat-26.0%
    Sep 20
    Reported Oct 28
    		$1.42$1.17+21.37%Beat+0.0%
    Jun 20
    Reported Aug 3
    		$1.14$1.16-1.72%Miss-18.6%
    Mar 20
    Reported May 6
    		$1.21$1.50-19.33%Miss-7.6%
    Dec 19
    Reported Jan 29
    		$2.00$1.43+39.86%Beat+13.6%
    Sep 19
    Reported Oct 23
    		$1.42$1.40+1.43%Beat+16.4%
    Jun 19
    Reported Jul 24
    		$1.40$1.29+8.53%Beat-7.9%
    Mar 19
    Reported Apr 24
    		$1.31$1.21+8.26%Beat-5.1%
    Dec 18
    Reported Jan 30
    		$1.76$1.14+54.39%Beat+10.7%
    Sep 18
    Reported Oct 29
    		$1.22$1.20+1.67%Beat+0.8%
    Jun 18
    Reported Aug 1
    		$1.52$1.16+31.03%Beat+46.2%
    Mar 18
    Reported May 2
    		$1.38$1.06+30.19%Beat-1.4%
    Dec 17
    Reported Feb 7
    		$1.59$1.23+29.27%Beat-46.6%
    Sep 17
    Reported Nov 1
    		$1.21$1.05+15.24%Beat-
    Jun 17
    Reported Jul 27
    		$1.04$1.00+4.00%Beat-
    Mar 17
    Reported Apr 27
    		$1.40$1.08+29.63%Beat-
    Dec 16
    Reported Feb 2
    		$2.98$0.97+207.22%Beat-

    Dividends

    Dividend Metrics

    Forward Yield3.84%
    Forward Annual Dividend$10.36
    Payout Ratio59.62%
    FrequencyQuarterly
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR+4.91%
    5Y CAGR+4.10%
    ESS dividend history and ex-dividend datesRun ESS in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio31.48EV/EBITDA18.40x
    Price/FCF17.35xFCF Yield5.76%
    Profitability
    Profit Margin20.90%Operating Margin34.00%
    ROE7.71%ROIC5.75%
    Financial Health
    Debt/Equity1.26xInterest Coverage2.66x
    Current Ratio0.36xQuick Ratio0.36x
    Trading Statistics
    Beta0.71Avg Volume541.62K
    52-Week High$300.4852-Week Low$231.64

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$270.27
    SMA 20$270.04
    SMA 50$275.42
    SMA 200$265.56
    EMA 10$270.23
    EMA 20$270.88
    EMA 50$274.00
    EMA 200$270.13

    MACD

    Line: -1.29Signal: -1.74Hist: 0.45

    ADX

    ADX: 19.5+DI: 17.9-DI: 19.2

    Aroon & PSAR

    Aroon Up16.0
    Aroon Down68.0
    PSAR$267.36

    Bollinger Bands

    Upper Band$273.00
    Lower Band$267.08
    %B Position219%(Upper)
    Band Width0.46

    RSI (14-Day)

    Neutral
    45.8

    Momentum Oscillators

    Stoch %K40.5
    Stoch %D44.0
    Williams %R-64.6
    ROC (10d)0.1%
    Momentum0.28
    CCI (20d)16.2
    MFI (14d)50.5

    Volatility Measures

    ATR (14d)$4.85(1.8%)
    StdDev (20d)1.48
    Hist Vol11.7%(Low)

    Volume Flow

    VWAP$271.11
    OBV6.1M
    AD Line-301.0M
    CMF (20d)-0.769

    Volume Metrics

    Avg Vol (20d)537.8K
    Vol Ratio0.8x
    VWMA (20d)$269.99

    Pivot Points

    R3$275.89
    R2$274.25
    R1$271.81
    Pivot Point$270.17
    S1$267.73
    S2$266.09
    S3$263.65

    Advanced Oscillators

    TSI-10.07
    Ultimate Osc33.4
    KST-19.64

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$489.05M$484.76M$479.63M$473.30M$469.83M$477.79M$454.47M$462.35M$442.36M$439.29M$421.75M$419.18M
    Cost of Revenue$154.45M$141.26M$150.80M$143.44M$147.42M$150.95M$388.82M$146.40M$137.35M$137.66M$58.51M$58.38M
    Gross Profit$334.60M$343.50M$328.83M$329.87M$322.42M$326.84M$65.65M$315.94M$305.01M$301.63M$363.24M$360.80M
    Operating Expenses$226.86M$188.31M$183.30M$178.15M$42.72M$69.76M$-238,849,000$187.16M$167.56M$169.27M$232.90M$229.02M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$59.75M$33.41M$17.14M$18.06M$17.16M$16.29M$31.53M$29.07M$21.14M$17.17M$19.74M$14.61M
    Operating Income$107.74M$155.19M$145.53M$151.72M$279.70M$257.08M$304.50M$128.79M$137.45M$132.36M$130.34M$131.78M
    Interest Income$9.09M$1.04M$66.13M$5.90M$6.81M$4.29M$2.66M$11.45M$9.57M$57.27M$17.20M$38.37M
    Interest Expense$66.83M$64.02M$64.60M$64.66M$65.26M$62.73M$61.24M$59.23M$59.12M$55.93M$55.10M$54.16M
    Income Before Tax$66.93M$112.21M$80.93M$172.72M$231.53M$212.78M$301.69M$125.49M$98.99M$285.14M$145.28M$170.03M
    Income Tax Expense$-6,022,000$0$257,000$0$0$-308,473,000$0$233.58M$133.87M$12.41M$4.96M$137.40M
    Net Income$62.46M$106.19M$83.39M$164.62M$221.36M$203.11M$257.45M$118.42M$92.91M$272.73M$65.39M$87.28M
    EBITDA$287.84M$331.13M$298.80M$387.54M$448.29M$310.55M$268.41M$286.88M$303.72M$284.46M$338.39M$361.55M
    EBIT$133.76M$176.23M$145.53M$236.06M$296.79M$159.26M$119.97M$140.44M$158.11M$144.72M$200.38M$224.19M
    * Some calculated fields are derived from available data when not provided by source

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    News

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    Royal Bank of Canada has reduced its price target for Camden Property Trust (CPT) stock from USD 111.00 to USD 101.00...

    ad-hoc-news.de•10/15/26•Neutral

    UBS cuts target for Centerspace stock from USD 68.00 to USD 65.00

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    ad-hoc-news.de•10/15/26•Neutral

    UBS maintains USD 275.00 target for Essex Property Trust stock

    UBS has maintained its "Neutral" rating for Essex Property Trust but lowered its price target from USD 286.00 to USD 275.00 on October 14...

    ad-hoc-news.de•10/15/26•Neutral

    UBS keeps USD 123.00 target for Mid-America Apartment stock

    UBS analyst Ami Probandt has maintained a Hold rating and a USD 123.00 price target for Mid-America Apartment Communities. The target represents a 5.96% increase above the current NYSE price. The company reported...

    ad-hoc-news.de•10/15/26•Neutral

    UBS Maintains Essex Property Trust Inc(ESS.US) With Hold Rating, Cuts Target Price to $275

    UBS has reiterated its Hold rating on Essex Property Trust Inc (ESS.US) but has lowered its price target for the company to $275. This adjustment reflects an updated outlook by the firm on the real estate investment...

    Moomoo•10/15/26•Somewhat-Bearish

    ESS Valuation and Fair Value

    P/E
    31.5x
    Forward P/E
    43.9x
    EV/EBITDA
    18.4x
    P/FCF
    17.3x
    PEG
    7.4x
    P/B
    3.3x
    See GNG's fair value

    ESS Profitability: Margins, ROIC and FCF

    Gross margin
    69.4%
    Operating margin
    34.0%
    Net margin
    20.9%
    ROIC
    5.8%
    ROE
    7.7%
    FCF margin
    52.0%
    FCF yield
    5.8%

    ESS Competitors

    CompanyTicker
    SBA Communications CorpSBAC
    Host Hotels & Resorts IncHST
    Equity ResidentialEQR
    Invitation Homes IncINVH
    VICI Properties IncVICI
    Kimco Realty CorporationKIM
    AvalonBay Communities IncAVB
    Lamar Advertising CompanyLAMR

    Sector: Real Estate

    ESS Analyst Ratings

    Consensus
    Hold
    Analysts
    26
    Strong Buy
    6
    Buy
    4
    Hold
    14
    Sell
    1
    Strong Sell
    1

    ESS Bull Case vs Bear Case

    Bull case

    • ESS converts 52.0% of revenue into free cash flow.
    • ESS has a 20.9% net profit margin.

    ESS Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    -6.1%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.46
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    3 up, 0 down

    ESS Dividend

    Forward yield
    3.8%
    Payout ratio
    59.6%
    3Y DPS growth
    4.9%
    5Y DPS growth
    4.1%
    Pay months
    Jan, Apr, Jul, Oct
    ESS dividend history

    Frequently Asked Questions About ESS

    What is ESS's current dividend yield?

    Essex Property Trust Inc (ESS) has a forward dividend yield of 3.84%.

    Does ESS pay dividends?

    Yes, Essex Property Trust Inc pays dividends with a forward dividend yield of 3.84%.

    What is ESS's P/E ratio?

    Essex Property Trust Inc has a price-to-earnings (P/E) ratio of 31.48.

    What is ESS's market cap?

    Essex Property Trust Inc (ESS) has a market capitalization of $18.57B with a current stock price of $269.79.

    Related stocks

    Sector: Real Estate

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