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Essex Property Trust NYSE:ESS Stock Report

Last Price

US$244.81

Market Cap

US$16.0b

7D

0.3%

1Y

19.9%

Updated

28 Mar, 2024

Data

Company Financials +

Essex Property Trust, Inc.

NYSE:ESS Stock Report

Market Cap: US$16.0b

ESS Stock Overview

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.

ESS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health1/6
Dividends5/6

Essex Property Trust, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Essex Property Trust
Historical stock prices
Current Share PriceUS$244.81
52 Week HighUS$252.85
52 Week LowUS$202.83
Beta0.81
1 Month Change7.50%
3 Month Change-1.26%
1 Year Change19.90%
3 Year Change-11.46%
5 Year Change-14.93%
Change since IPO1,163.54%

Recent News & Updates

Essex Property Trust: Build And Buy Apartments Like A Pro

Feb 15

Essex Property Trust: A Growth REIT With An Attractive Yield

Jan 15

Recent updates

Essex Property Trust: Build And Buy Apartments Like A Pro

Feb 15

Essex Property Trust: A Growth REIT With An Attractive Yield

Jan 15

Essex Property Trust: I Expect The West Coast To Outperform Next

Dec 11

Essex Property Trust: Still Has Potential

Dec 05

Essex Property Trust: Low Yield, Small Discount To NAV

Nov 06

Essex Property Trust: California Exposure Isn't That Problematic

Oct 12

Essex Property Trust: Dividend Yield At A High

Oct 01

Essex Property Trust: Don't Mind The California Exposure

Jul 29

Essex Property: A Smart Value For A Frothy Market

Jun 14

Essex Property Trust: Great Long-Term REIT, Still Some Near-Term Questions

Jan 23

Essex Property Trust Is Clearly The Best Bargain When It Comes To Residential REITs

Jan 12

Why Buy Rentals When You Can Buy Essex Property

Dec 16

Essex Property Trust declares $2.20 dividend

Dec 09

Apartments In Free Fall, So I Bought Essex

Nov 09

Essex Property Trust: Long-Term Compounder In The Bargain Bin

Oct 20

Essex Property Trust declares $2.20 dividend

Sep 15

Essex Property Trust: Another Beat-And-Raise Quarter

Aug 21

Essex Property Trust: Hefty West Coast Dividend Checks

Jun 08

Essex Property Trust: A West Coast Sharpshooter That Checks All Boxes, Except For One

Mar 29

Essex Property Trust: Why I (Sadly) Sold And Where I Reinvested The Proceeds

Jan 27

Essex Property Trust: Rising Dividends Supported By Rent Growth

Nov 05

Essex Property: A Must-Have REIT With Premium Locations

Aug 31

Shareholder Returns

ESSUS Residential REITsUS Market
7D0.3%-0.2%0.2%
1Y19.9%4.0%28.1%

Return vs Industry: ESS exceeded the US Residential REITs industry which returned 3.9% over the past year.

Return vs Market: ESS underperformed the US Market which returned 28.8% over the past year.

Price Volatility

Is ESS's price volatile compared to industry and market?
ESS volatility
ESS Average Weekly Movement3.1%
Residential REITs Industry Average Movement3.2%
Market Average Movement6.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

Stable Share Price: ESS has not had significant price volatility in the past 3 months.

Volatility Over Time: ESS's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19711,749Angela Kleimanhttps://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 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.

Essex Property Trust, Inc. Fundamentals Summary

How do Essex Property Trust's earnings and revenue compare to its market cap?
ESS fundamental statistics
Market capUS$16.04b
Earnings (TTM)US$405.83m
Revenue (TTM)US$1.68b

38.7x

P/E Ratio

9.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ESS income statement (TTM)
RevenueUS$1.68b
Cost of RevenueUS$531.95m
Gross ProfitUS$1.15b
Other ExpensesUS$742.19m
EarningsUS$405.83m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)6.32
Gross Margin68.34%
Net Profit Margin24.16%
Debt/Equity Ratio110.3%

How did ESS perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

58%

Payout Ratio
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