E

    Essex Property Trust Inc (ESS)

    Official site

    REAL ESTATE • REIT - RESIDENTIAL • NYSE

    $283.05
    -0.98 (-0.34%)

    Market Cap: $19.58B

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    68%(27/40)
    Avg Surprise
    +14.50%
    Streak
    2 Q

    Upcoming Estimates

    Sep 30, 2026
    EPS Consensus$1.44
    Range$1.40 - $1.48
    6 analysts
    EPS Revisions
    1
    0
    7d
    2
    0
    30d
    EPS Estimate Drift
    90d ago$1.40-2.9%
    60d ago$1.42-1.5%
    30d ago$1.41-2.2%
    7d ago$1.42-1.3%
    Current$1.44
    Revenue Consensus
    $492M
    Range$489M - $501M
    11 analysts
    Dec 31, 2026
    EPS Consensus$1.26
    Range$1.13 - $1.58
    4 analysts
    Revenue Consensus
    $501M
    Range$478M - $564M
    14 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.26---
    Sep 26EST
    		-$1.44---
    Jun 26
    		$4.08$4.03+1.24%Beat+175.7%
    Mar 26
    		$1.65$1.43+15.38%Beat+14.6%
    Dec 25
    		$1.25$1.47-14.97%Miss+92.3%
    Sep 25
    		$1.59$1.67-4.79%Miss+18.7%
    Jun 25
    		$1.48$1.41+4.96%Beat+3.5%
    Mar 25
    		$1.44$1.41+2.13%Beat-30.1%
    Dec 24
    		$0.65N/A-52.21%Miss-35.6%
    Sep 24
    		$1.34$1.35-0.74%Miss-2.2%
    Jun 24
    		$1.43$1.45-1.38%Miss-9.5%
    Mar 24
    		$2.06$1.36+51.47%Beat+41.1%
    Dec 23
    		$1.01$1.46-30.82%Miss-26.3%
    Sep 23
    		$1.37$1.44-4.86%Miss+15.1%
    Jun 23
    		$1.58$1.39+13.67%Beat+81.6%
    Mar 23
    		$1.46$1.31+11.45%Beat+35.2%
    Dec 22
    		$1.37$1.40-2.14%Miss-39.1%
    Sep 22
    		$1.19$1.41-15.60%Miss-1.7%
    Jun 22
    		$0.87$1.58-44.94%Miss-13.0%
    Mar 22
    		$1.08$1.28-15.63%Miss-1.8%
    Dec 21
    		$2.25$1.05+114.29%Beat+52.0%
    Sep 21
    		$1.21$1.04+16.35%Beat-14.8%
    Jun 21
    		$1.00$0.99+1.01%Beat-12.3%
    Mar 21
    		$1.10$0.98+12.24%Beat-9.1%
    Dec 20
    		$1.48$0.96+54.17%Beat-26.0%
    Sep 20
    		$1.42$1.17+21.37%Beat+0.0%
    Jun 20
    		$1.14$1.16-1.72%Miss-18.6%
    Mar 20
    		$1.21$1.50-19.33%Miss-7.6%
    Dec 19
    		$2.00$1.43+39.86%Beat+13.6%
    Sep 19
    		$1.42$1.40+1.43%Beat+16.4%
    Jun 19
    		$1.40$1.29+8.53%Beat-7.9%
    Mar 19
    		$1.31$1.21+8.26%Beat-5.1%
    Dec 18
    		$1.76$1.14+54.39%Beat+10.7%
    Sep 18
    		$1.22$1.20+1.67%Beat+0.8%
    Jun 18
    		$1.52$1.16+31.03%Beat+46.2%
    Mar 18
    		$1.38$1.06+30.19%Beat-1.4%
    Dec 17
    		$1.59$1.23+29.27%Beat-46.6%
    Sep 17
    		$1.21$1.05+15.24%Beat+21.0%
    Jun 17
    		$1.04$1.00+4.00%Beat-
    Mar 17
    		$1.40$1.08+29.63%Beat-
    Dec 16
    		$2.98$0.97+207.22%Beat-
    Sep 16
    		$1.00$0.92+8.70%Beat-

    Dividends

    Dividend Metrics

    Yield3.65%
    Annual/Share$10.32
    Payout Ratio59.50%
    Frequency4
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR+4.91%
    5Y CAGR+4.10%
    View ESS's full dividend history

    Key Metrics

    Valuation
    P/E Ratio33.03EV/EBITDA18.75x
    Price/FCF18.20xFCF Yield5.49%
    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 Volume404.55K
    52-Week High$303.3552-Week Low$233.85

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$286.94
    SMA 20$286.14
    SMA 50$289.19
    SMA 200$263.71
    EMA 10$285.91
    EMA 20$286.70
    EMA 50$285.38
    EMA 200$272.10

    MACD

    Line: -0.78Signal: -0.42Hist: -0.35

    ADX

    ADX: 17.9+DI: 16.2-DI: 26.1

    Aroon & PSAR

    Aroon Up8.0
    Aroon Down16.0
    PSAR$293.86

    Bollinger Bands

    Upper Band$293.00
    Lower Band$279.28
    %B Position480%(Upper)
    Band Width0.27

    RSI (14-Day)

    Neutral
    44.9

    Momentum Oscillators

    Stoch %K18.3
    Stoch %D31.9
    Williams %R-78.8
    ROC (10d)-0.0%
    Momentum-0.01
    CCI (20d)-97.8
    MFI (14d)36.5

    Volatility Measures

    ATR (14d)$5.18(1.8%)
    StdDev (20d)3.43
    Hist Vol19.0%(Low)

    Volume Flow

    VWAP$282.41
    OBV9.5M
    AD Line-271.6M
    CMF (20d)-0.024

    Volume Metrics

    Avg Vol (20d)397.5K
    Vol Ratio1.5x(High)
    VWMA (20d)$286.08

    Pivot Points

    R3$291.03
    R2$287.99
    R1$286.01
    Pivot Point$282.96
    S1$280.98
    S2$277.94
    S3$275.96

    Advanced Oscillators

    TSI-4.01
    Ultimate Osc46.2
    KST-15.61

    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

    The Manufacturers Life Insurance Company Takes $11.45 Million Position in Essex Property Trust, Inc. $ESS

    The Manufacturers Life Insurance Company has acquired a new stake worth $11.45 million in Essex Property Trust, Inc. (NYSE:ESS) during the second quarter, purchasing 39,270 shares. Other institutional investors also adjusted their holdings in the real estate investment trust. Essex Property Trust reported strong Q2 earnings, surpassing analyst expectations, and has received a "Moderate Buy" consensus rating from analysts with an average price target of $304.79.

    MarketBeat•8/30/26•
    Somewhat-Bullish

    Caisse de depot et placement du Quebec Buys New Holdings in Essex Property Trust, Inc. $ESS

    Caisse de depot et placement du Quebec has acquired a new stake in Essex Property Trust, purchasing 36,950 shares valued at approximately $10.77 million during the second quarter. Other institutional investors like BlackRock Inc., Legal & General Group Plc, and Norges Bank also made significant investments in the real estate investment trust. Analysts have issued a "Moderate Buy" rating for Essex Property Trust, with a consensus price target of $304.79.

    MarketBeat•8/30/26•
    Somewhat-Bullish

    Jefferies Financial Group Inc. Invests $2.89 Million in Essex Property Trust, Inc. $ESS

    Jefferies Financial Group Inc. recently acquired a new stake of 9,909 shares, valued at approximately $2.89 million, in Essex Property Trust, Inc. This investment highlights continued institutional interest, with BlackRock Inc., Geode Capital Management LLC, and Principal Financial Group Inc. also holding significant positions. Essex Property Trust reported strong quarterly earnings, beating analyst estimates, and provided positive guidance for future quarters, leading to a consensus "Moderate Buy" rating among analysts.

    MarketBeat•8/29/26•
    Bullish

    Why Is Essex Property Trust (ESS) Down 0.4% Since Last Earnings Report?

    Essex Property Trust (ESS) shares have fallen 0.4% since its last earnings report, underperforming the S&P 500, despite reporting strong Q2 2026 core FFO that beat estimates and raising its full-year 2026 guidance. The company saw increased same-property NOI, particularly in Northern California, maintained stable occupancy, and advanced its investment strategy through a property sale and preferred equity investments. While estimates have trended upward, the stock currently holds a Zacks Rank #3 (Hold).

    Yahoo Finance•8/29/26•
    Somewhat-Bullish

    Essex Property Trust Inc. stock underperforms Thursday when compared to competitors

    Essex Property Trust Inc. (ESS) stock decreased by 2.57% on Thursday, closing at $280.76. This underperformance occurred on a positive trading day where the S&P 500 Index and Dow Jones Industrial Average both saw gains. This marked the third consecutive day of losses for Essex Property Trust stock.

    MarketWatch•8/27/26•
    Somewhat-Bearish

    Frequently Asked Questions About ESS

    What is ESS's current dividend yield?
    Essex Property Trust Inc (ESS) has a current dividend yield of 3.65%.
    Does ESS pay dividends?
    Yes, Essex Property Trust Inc pays dividends with a current yield of 3.65%.
    What is ESS's P/E ratio?
    Essex Property Trust Inc has a price-to-earnings (P/E) ratio of 33.03.
    What is ESS's market cap?
    Essex Property Trust Inc (ESS) has a market capitalization of $19.58B with a current stock price of $283.05.

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