How does E1SS34's PE Ratio compare to its peers?

E1SS34 is good value based on its Price-To-Earnings Ratio (35.7x) compared to the peer average (55.1x).

How does E1SS34's PE Ratio compare vs other companies in the Global Residential REITs Industry?

E1SS34 is expensive based on its Price-To-Earnings Ratio (35.7x) compared to the Global Residential REITs industry average (26.3x).

What is E1SS34's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate E1SS34's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of E1SS34 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

E1SS34 (R$179.08) is trading above our estimate of [[fair value]] (R$159.26)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Essex Property Trust (BOVESPA:E1SS34) - Stock Price, News & Analysis

E1SS34 Stock Overview

An S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. More details

E1SS34 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	2/6
Financial Health	0/6
Dividends	5/6

Rewards

Pays a reliable dividend of 3.21%

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 8.3% per year for the next 3 years

Shares are highly illiquid

Large one-off items impacting financial results

Essex Property Trust, Inc. Competitors

Mid-America Apartment Communities

NYSE:MAA

US$19.3b

UDR

NYSE:UDR

US$16.8b

Equity Residential

NYSE:EQR

US$29.6b

AvalonBay Communities

NYSE:AVB

US$32.9b

Price History & Performance

Summary of all time highs, changes and price drops for Essex Property Trust
Historical stock prices
Current Share Price	US$179.08
52 Week High	US$181.05
52 Week Low	US$103.43
Beta	0.90
11 Month Change	5.47%
3 Month Change	11.58%
1 Year Change	70.55%
33 Year Change	-10.46%
5 Year Change	n/a
Change since IPO	37.75%

Recent updates

Shareholder Returns

	E1SS34	BR Residential REITs	BR Market
7D	1.6%	0%	0%
1Y	70.6%	0%	0%

Return vs Industry: E1SS34 exceeded the BR Residential REITs industry which returned 19.1% over the past year.

Return vs Market: E1SS34 exceeded the BR Market which returned -0.3% over the past year.

Price Volatility

Is E1SS34's price volatile compared to industry and market?
E1SS34 volatility
E1SS34 Average Weekly Movement	n/a
Residential REITs Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in BR Market	0%
10% least volatile stocks in BR Market	0%

Stable Share Price: E1SS34's share price has been volatile over the past 3 months compared to the BR market.

Volatility Over Time: Insufficient data to determine E1SS34's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1971	1,749	Angela Kleiman	www.essexapartmenthomes.com

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 254 apartment communities comprising approximately 62,000 apartment homes.

Essex Property Trust, Inc. Fundamentals Summary

How do Essex Property Trust's earnings and revenue compare to its market cap?
E1SS34 fundamental statistics
Market cap	R$118.13b
Earnings (TTM)	R$3.19b
Revenue (TTM)	R$10.17b

35.7x

P/E Ratio

11.2x

P/S Ratio

Is E1SS34 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
E1SS34 income statement (TTM)
Revenue	US$1.75b
Cost of Revenue	US$555.88m
Gross Profit	US$1.20b
Other Expenses	US$647.11m
Earnings	US$549.46m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	8.55
Gross Margin	68.28%
Net Profit Margin	31.35%
Debt/Equity Ratio	112.4%

How did E1SS34 perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

57%

Payout Ratio

E1SS34 Stock Overview

Rewards

Risk Analysis

Essex Property Trust, Inc. Competitors

NYSE:MAA

US$19.3b

NYSE:UDR

US$16.8b

NYSE:EQR

US$29.6b

NYSE:AVB

US$32.9b

Price History & Performance

Recent News & Updates

Essex Property Trust, Inc. (NYSE:ESS) acquired 376-unit apartment home community located in San Jose, CA for approximately $310 million.

Essex Property Trust, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Essex Property Trust, Inc. has filed a Follow-on Equity Offering in the amount of $900 million.

Essex Property Trust, Inc. Revises Earnings Guidance for the Full Year of 2024

Essex Property Trust, Inc. (NYSE:ESS) acquired Two apartment home communities in Northern California for approximately $150 million.

Essex Property Trust, Inc. to Report Q2, 2024 Results on Jul 30, 2024

Recent updates

Essex Property Trust, Inc. (NYSE:ESS) acquired 376-unit apartment home community located in San Jose, CA for approximately $310 million.

Essex Property Trust, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Essex Property Trust, Inc. has filed a Follow-on Equity Offering in the amount of $900 million.

Essex Property Trust, Inc. Revises Earnings Guidance for the Full Year of 2024

Essex Property Trust, Inc. (NYSE:ESS) acquired Two apartment home communities in Northern California for approximately $150 million.

Essex Property Trust, Inc. to Report Q2, 2024 Results on Jul 30, 2024

Essex Property Trust, Inc Declares Regular Quarterly Cash Dividend, Payable July 12, 2024

Essex Property Trust, Inc. Updates Earnings Guidance for the Full Year 2024

Essex Property Trust, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Essex Property Trust, Inc., Annual General Meeting, May 14, 2024

Essex Property Trust, Inc. to Report Q4, 2023 Results on Feb 06, 2024

Essex Property Trust, Inc. Announces Board Changes, Effective January 1, 2024

Essex Property Trust, Inc. Declares Regular Quarterly Cash Dividend, Payable on January 12, 2024

Essex Property Trust, Inc. Revises Earnings Guidance for the Year 2023

Essex Property Trust, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Essex Property Trust, Inc. Declares Regular Quarterly Cash Dividend, Payable on October 13, 2023

Essex Property Trust, Inc Announces Executive Changes

Essex Property Trust, Inc. Revises Earnings Guidance for the Full Year 2023

Essex Property Trust, Inc. (NYSE:ESS) acquired Hacienda at Camarillo Oaks for $23.1 million.

Essex Property Trust, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Essex Property Trust, Inc. Declares Regular Quarterly Cash Dividend, Payable on July 14, 2023

Essex Property Trust, Inc. Provides Earnings Guidance for the Year 2023

Essex Property Trust, Inc. to Report Q4, 2022 Results on Feb 07, 2023

Essex Property Trust, Inc. Declares Quarterly Distribution, Payable January 13, 2023

Hagens Berman Downtown Seattle Renters Sue Leasing Companies for Allegedly Illegally Inflating Rents in City’s Densest Neighborhoods

Essex Property Trust, Inc. (NYSE:ESS) announces an Equity Buyback for $500 million worth of its shares.

Essex Property Trust, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Essex Property Trust, Inc. Announces Executive Changes

Essex Property Trust, Inc. Declares Quarterly Dividend, Payable on October 14, 2022

Essex Property Trust, Inc. Revises Earnings Guidance for the Full Year of 2022

Essex Property Trust, Inc. to Report Q2, 2022 Results on Jul 26, 2022

Essex Property Trust, Inc. Provides Earnings Guidance for the Full Year of 2022

Essex Property Trust, Inc. Declares Quarterly Dividend, Payable on July 15, 2022

Essex Property Trust, Inc. Provides Earnings Guidance for the Full Year 2022

Essex Property Trust, Inc. to Report Q1, 2022 Results on Apr 26, 2022

Essex Property Trust, Inc. Declares a First Quarter Dividend, Payable on April 14, 2022

Essex Property Trust, Inc. (NYSE:ESS) acquired an unknown stake in 179-Unit Apartment Home Community in Vista, California for $44 million.

Essex Property Trust, Inc. (NYSE:ESS) acquired KIRO's Headquarters from CFRE Seattle LLC for $52.5 million.

Essex Property Trust, Inc. Declares Quarterly Cash Dividend, Payable on July 15, 2021

Essex Property Trust, Inc., Annual General Meeting, May 11, 2021

Essex Property Trust, Inc. to Report Q4, 2020 Results on Feb 04, 2021

Essex Property Trust, Inc. Announces Management Changes

Essex Property Trust, Inc. to Report Q3, 2020 Results on Oct 28, 2020

An unknown buyer acquired 126-unit apartment community located in Redmond from Essex Property Trust, Inc. (NYSE:ESS) for $51.5 million.

Essex Property Trust, Inc. to Report Q2, 2020 Results on Aug 03, 2020

Essex Property Trust, Inc.(NYSE:ESS) dropped from Russell 1000 Defensive Index