Essex Property Trust Future Growth

Future criteria checks 0/6

Essex Property Trust is forecast to grow earnings and revenue by 1.7% and 2.4% per annum respectively. EPS is expected to grow by 0.9% per annum. Return on equity is forecast to be 8.6% in 3 years.

Key information

1.7%

Earnings growth rate

0.9%

EPS growth rate

Residential REITs earnings growth	-3.2%
Revenue growth rate	2.4%
Future return on equity	8.6%
Analyst coverage	Good
Last updated	22 Apr 2024

Recent future growth updates

Recent updates

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

Earnings and Revenue Growth Forecasts

NYSE:ESS - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,818	407	731	1,009	6
12/31/2025	1,753	383	795	993	16
12/31/2024	1,705	355	750	950	16
12/31/2023	1,680	406	980	980	N/A
9/30/2023	1,698	526	943	943	N/A
6/30/2023	1,690	531	954	954	N/A
3/31/2023	1,653	489	937	937	N/A
12/31/2022	1,633	408	976	976	N/A
9/30/2022	1,638	360	1,014	1,014	N/A
6/30/2022	1,606	386	987	987	N/A
3/31/2022	1,583	393	1,025	1,025	N/A
12/31/2021	1,552	489	905	905	N/A
9/30/2021	1,505	447	850	850	N/A
6/30/2021	1,502	403	805	805	N/A
3/31/2021	1,521	422	731	731	N/A
12/31/2020	1,562	569	803	803	N/A
9/30/2020	1,631	602	866	866	N/A
6/30/2020	1,634	628	915	915	N/A
3/31/2020	1,625	635	930	930	N/A
12/31/2019	1,584	439	919	919	N/A
9/30/2019	1,514	428	852	852	N/A
6/30/2019	1,493	410	833	833	N/A
3/31/2019	1,478	418	814	814	N/A
12/31/2018	1,486	390	827	827	N/A
9/30/2018	1,467	376	827	827	N/A
6/30/2018	1,454	375	821	821	N/A
3/31/2018	1,439	345	815	815	N/A
12/31/2017	1,450	433	770	770	N/A
9/30/2017	1,388	525	N/A	755	N/A
6/30/2017	1,373	511	N/A	734	N/A
3/31/2017	1,354	512	N/A	735	N/A
12/31/2016	1,330	411	N/A	717	N/A
9/30/2016	1,307	295	N/A	710	N/A
6/30/2016	1,279	272	N/A	681	N/A
3/31/2016	1,249	245	N/A	655	N/A
12/31/2015	1,216	227	N/A	618	N/A
9/30/2015	1,187	187	N/A	623	N/A
6/30/2015	1,153	199	N/A	591	N/A
3/31/2015	1,118	154	N/A	564	N/A
12/31/2014	999	117	N/A	493	N/A
9/30/2014	907	92	N/A	438	N/A
6/30/2014	790	94	N/A	343	N/A
3/31/2014	681	117	N/A	311	N/A
12/31/2013	666	120	N/A	305	N/A
9/30/2013	642	147	N/A	273	N/A
6/30/2013	624	107	N/A	289	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ESS's forecast earnings growth (1.7% per year) is below the savings rate (2.3%).

Earnings vs Market: ESS's earnings (1.7% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: ESS's earnings are forecast to grow, but not significantly.

Revenue vs Market: ESS's revenue (2.4% per year) is forecast to grow slower than the US market (8.1% per year).

High Growth Revenue: ESS's revenue (2.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ESS's Return on Equity is forecast to be low in 3 years time (8.6%).

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Essex Property Trust Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

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

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

Consensus EPS estimates increase by 14%

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

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

Consensus forecasts updated

Recent updates

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

Essex Property Trust: A Dividend Aristocrat Worth Buying Now

Upcoming dividend of US$2.45 per share

Fourth quarter dividend increased to US$2.45

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

Essex Property Trust: Build And Buy Apartments Like A Pro

Full year 2023 earnings: EPS misses analyst expectations

Essex Property Trust: A Growth REIT With An Attractive Yield

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

Upcoming dividend of US$2.31 per share at 3.8% yield

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

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

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

Essex Property Trust: Still Has Potential

Essex Property Trust: Low Yield, Small Discount To NAV

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

Third quarter 2023 earnings: EPS misses analyst expectations

Essex Property Trust: California Exposure Isn't That Problematic

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

Essex Property Trust: Dividend Yield At A High

Upcoming dividend of US$2.31 per share at 4.1% yield

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: Don't Mind The California Exposure

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

Second quarter 2023 earnings released: FFO per share: US$4.0 (vs US$3.24 in 2Q 2022)

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

Upcoming dividend of US$2.31 per share at 4.0% yield

Essex Property: A Smart Value For A Frothy Market

Now 20% undervalued after recent price drop

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

Consensus EPS estimates increase by 14%

First quarter 2023 earnings: EPS exceeds analyst expectations

Now 21% undervalued after recent price drop

Insufficient new directors

Now 21% undervalued

Full year 2022 earnings: EPS exceeds analyst expectations

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

Now 20% undervalued

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

Now 20% undervalued

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

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

Upcoming dividend of US$2.20 per share

Why Buy Rentals When You Can Buy Essex Property

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

Independent Director recently bought US$218k worth of stock

Essex Property Trust declares $2.20 dividend

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

Apartments In Free Fall, So I Bought Essex

Third quarter 2022 earnings: EPS exceeds analyst expectations

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

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

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

Essex Property Trust, Inc. Announces Executive Changes

Upcoming dividend of US$2.20 per share

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

Essex Property Trust declares $2.20 dividend

Essex Property Trust: Another Beat-And-Raise Quarter

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

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Consensus forecasts updated

Upcoming dividend of US$2.20 per share

Essex Property Trust: Hefty West Coast Dividend Checks

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

Consensus forecasts updated