Essex Property Trust, Inc.

BMV:ESS * Stock Report

Market Cap: Mex$253.4b

Essex Property Trust Past Earnings Performance

Past criteria checks 4/6

Essex Property Trust has been growing earnings at an average annual rate of 0.9%, while the Residential REITs industry saw earnings growing at 11.3% annually. Revenues have been growing at an average rate of 2.2% per year. Essex Property Trust's return on equity is 9.7%, and it has net margins of 30.9%.

Key information

0.9%

Earnings growth rate

1.3%

EPS growth rate

Residential REITs Industry Growth12.9%
Revenue growth rate2.2%
Return on equity9.7%
Net Margin30.9%
Last Earnings Update30 Sep 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Essex Property Trust makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BMV:ESS * Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 231,698526600
30 Jun 231,690531600
31 Mar 231,653489600
31 Dec 221,633408570
30 Sep 221,638360580
30 Jun 221,606386550
31 Mar 221,583393540
31 Dec 211,552489520
30 Sep 211,505447580
30 Jun 211,502403580
31 Mar 211,521422610
31 Dec 201,562569650
30 Sep 201,631602580
30 Jun 201,634628560
31 Mar 201,625635550
31 Dec 191,584439540
30 Sep 191,514428560
30 Jun 191,493410550
31 Mar 191,478418520
31 Dec 181,486390530
30 Sep 181,467376470
30 Jun 181,454375460
31 Mar 181,439345460
31 Dec 171,450433410
30 Sep 171,388525430
30 Jun 171,373511430
31 Mar 171,354512420
31 Dec 161,330411410
30 Sep 161,307295370
30 Jun 161,279272390
31 Mar 161,249245390
31 Dec 151,216227400
30 Sep 151,187187430
30 Jun 151,153199440
31 Mar 151,118154440
31 Dec 14999117410
30 Sep 1490792350
30 Jun 1479094300
31 Mar 14681117280
31 Dec 13666120270
30 Sep 13642147270
30 Jun 13624107260
31 Mar 13602120240
31 Dec 12577108250

Quality Earnings: ESS * has a large one-off gain of $174.9M impacting its last 12 months of financial results to 30th September, 2023.

Growing Profit Margin: ESS *'s current net profit margins (30.9%) are higher than last year (22%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ESS *'s earnings have grown by 0.9% per year over the past 5 years.

Accelerating Growth: ESS *'s earnings growth over the past year (46%) exceeds its 5-year average (0.9% per year).

Earnings vs Industry: ESS * earnings growth over the past year (46%) exceeded the Residential REITs industry 3.5%.

Return on Equity

High ROE: ESS *'s Return on Equity (9.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/12/04 11:28
End of Day Share Price 2023/09/06 00:00
Earnings2023/09/30
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Essex Property Trust, Inc. is covered by 49 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wesley GolladayBaird
Ross SmotrichBarclays
Richard HightowerBarclays