ESS 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
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 0/6 |
| Dividends | 5/6 |
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Essex Property Trust, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$283.76 |
| 52 Week High | US$317.73 |
| 52 Week Low | US$223.06 |
| Beta | 0.93 |
| 1 Month Change | -7.13% |
| 3 Month Change | -8.36% |
| 1 Year Change | 16.12% |
| 3 Year Change | -17.19% |
| 5 Year Change | -5.33% |
| Change since IPO | 1,364.57% |
Recent News & Updates
Recent updates
Essex Property Trust: Limited Supply Enables Further Growth
Dec 06Essex Property Trust: Tailwinds From Both Supply And Demand
Oct 03Essex Property Trust: High-Quality REIT With A Growing Dividend
Aug 13Essex Property Trust: The Buying Window Has Now Closed
Jun 12Essex Property Trust: 3 Reasons Why The Stock May Be Overvalued
May 16Essex Property Trust: A Dividend Aristocrat Worth Buying Now
Apr 05Essex Property Trust: Build And Buy Apartments Like A Pro
Feb 15Essex Property Trust: A Growth REIT With An Attractive Yield
Jan 15Essex Property Trust: I Expect The West Coast To Outperform Next
Dec 11Essex Property Trust: Still Has Potential
Dec 05Essex Property Trust: Low Yield, Small Discount To NAV
Nov 06Essex Property Trust: California Exposure Isn't That Problematic
Oct 12Essex Property Trust: Dividend Yield At A High
Oct 01Essex Property Trust: Don't Mind The California Exposure
Jul 29Essex Property: A Smart Value For A Frothy Market
Jun 14Essex Property Trust: Great Long-Term REIT, Still Some Near-Term Questions
Jan 23Essex Property Trust Is Clearly The Best Bargain When It Comes To Residential REITs
Jan 12Why Buy Rentals When You Can Buy Essex Property
Dec 16Essex Property Trust declares $2.20 dividend
Dec 09Apartments In Free Fall, So I Bought Essex
Nov 09Essex Property Trust: Long-Term Compounder In The Bargain Bin
Oct 20Essex Property Trust declares $2.20 dividend
Sep 15Shareholder Returns
| ESS | US Residential REITs | US Market | |
|---|---|---|---|
| 7D | -5.3% | -2.7% | -2.4% |
| 1Y | 16.1% | 8.9% | 23.3% |
Return vs Industry: ESS exceeded the US Residential REITs industry which returned 8.9% over the past year.
Return vs Market: ESS underperformed the US Market which returned 23.3% over the past year.
Price Volatility
| ESS volatility | |
|---|---|
| ESS Average Weekly Movement | 3.2% |
| Residential REITs Industry Average Movement | 3.1% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: ESS has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: ESS's weekly volatility (3%) has been stable 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
| ESS fundamental statistics | |
|---|---|
| Market cap | US$18.90b |
| Earnings (TTM) | US$549.46m |
| Revenue (TTM) | US$1.75b |
33.2x
P/E Ratio10.4x
P/S RatioIs ESS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ESS 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 ESS perform over the long term?
See historical performance and comparisonDividends
3.5%
Current Dividend Yield57%
Payout RatioDoes ESS pay a reliable dividends?
See ESS dividend history and benchmarks| Essex Property Trust dividend dates | |
|---|---|
| Ex Dividend Date | Jan 02 2025 |
| Dividend Pay Date | Jan 15 2025 |
| Days until Ex dividend | 11 days |
| Days until Dividend pay date | 24 days |
Does ESS pay a reliable dividends?
See ESS dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:17 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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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. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wesley Golladay | Baird |
| Ross Smotrich | Barclays |
| Richard Hightower | Barclays |