Essex Property Trust
NYSE: ESS
Stock price
292 USD
(+0%) TODAY
Financial Performance
5Y price score: (11)
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: 65.3%
US$ Per
Share
By default your notes are visible only to you.
238.4
52-week range
303.3
Your model inputs
Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
5.5 %
Dividend Yield TTM
3.5 %
Market cap $
$ 18,764
Price / Earnings TTM
45.4
Price / Book TTM
3.5
PEG TTM
(0.6)
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
13.8 %
5.6 %
65.3 %
Free cash flow per share growth
52.3 %
33.3 %
68.3 %
Earnings per share growth
(71.8) %
19.9 %
198.3 %
Founded: 1,971
Employees: 1,712
Business Summary:
Latest Earnings Call Takeaways
2026 Q2 (Jul 30, 2026)
1) Strategy & Leadership - Angela Kleiman, CEO, highlighted a solid first half of 2026, with results exceeding expectations due to strong operational execution. - The company is raising full-year expectations for same-property revenues and core FFO per share, reflecting confidence in West Coast multifamily fundamentals. - The transaction market remains healthy, with increasing investor interest in West Coast multifamily assets despite higher interest rates.
2) Financial & Segment Results - Core FFO per share exceeded guidance by $0.10, driven by strong same-property NOI and lower operating expenses. - Same-property NOI growth is now forecasted at 2.8%, a 70 basis point increase from previous guidance. - Northern California led with a 6.5% blended rent growth, while Seattle saw 2.6% and Southern California reported 1.4% growth.
3) Problems / Headwinds - The broader U.S. economy is slower than last year, impacting Southern California's performance, which is closely tied to national economic trends. - Geopolitical uncertainties and slower job growth are potential headwinds for demand across the regions, particularly in Southern California.
4) Operational or Product Plans - The company plans to continue evaluating acquisitions and dispositions to maximize growth and FFO per share. - There is a focus on maintaining high occupancy rates while balancing rent growth, especially in Southern California where the market remains stable but slow. - The supply outlook for 2027 is favorable, with expectations of declining new apartment deliveries across most markets.
5) Guidance & Outlook / Investor Angle - For Q3 2026, core FFO is projected at $3.99 per share, reflecting a $0.09 decline due to higher operating expenses. - The company expects blended rent growth to stabilize around 2.5% for the year, with Northern California continuing to show strong demand. - The transcript lacks specific figures on transaction volumes and detailed regional breakdowns for future guidance.
Bottom line: Essex Property Trust is well-positioned for continued growth in the multifamily sector, particularly in Northern California, despite broader economic uncertainties. The company’s proactive management and favorable supply dynamics support a positive outlook for shareholders.
Annual Reports, Presentations And IR Contacts
Go to the websiteEssex Property Trust — Financial Overview, Stock Price, Market Cap
Essex Property Trust is a company. Founded in 1971. As of August 26, 2026, the company's market capitalization is $18764427788 with a current stock price of $292.00.