Essex Property Trust, Inc.

NYSE:ESS Stock Report

Market Cap: US$19.2b

Essex Property Trust Balance Sheet Health

Financial Health criteria checks 0/6

Essex Property Trust has a total shareholder equity of $5.8B and total debt of $6.8B, which brings its debt-to-equity ratio to 117.5%. Its total assets and total liabilities are $13.2B and $7.4B respectively. Essex Property Trust's EBIT is $590.3M making its interest coverage ratio 2.6. It has cash and short-term investments of $102.1M.

Key information

117.48%

Debt to equity ratio

US$6.79b

Debt

Interest coverage ratio2.6x
CashUS$102.14m
EquityUS$5.78b
Total liabilitiesUS$7.41b
Total assetsUS$13.19b

Recent financial health updates

No updates

Recent updates

Essex Property: Undervalued High Quality In Plain Sight

Apr 22

Essex Property: Shares Have Further Upside Given Limited Housing Supply (Upgrade)

Feb 06

Essex Property Trust: Limited Supply Enables Further Growth

Dec 06

Essex Property Trust: Tailwinds From Both Supply And Demand

Oct 03

Essex Property Trust: High-Quality REIT With A Growing Dividend

Aug 13

Essex Property Trust: The Buying Window Has Now Closed

Jun 12

Essex Property Trust: 3 Reasons Why The Stock May Be Overvalued

May 16

Essex Property Trust: A Dividend Aristocrat Worth Buying Now

Apr 05

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

Financial Position Analysis

Short Term Liabilities: ESS's short term assets ($442.2M) do not cover its short term liabilities ($1.2B).

Long Term Liabilities: ESS's short term assets ($442.2M) do not cover its long term liabilities ($6.3B).

Debt to Equity History and Analysis

Debt Level: ESS's net debt to equity ratio (115.7%) is considered high.

Reducing Debt: ESS's debt to equity ratio has increased from 100.8% to 117.5% over the past 5 years.

Debt Coverage: ESS's debt is not well covered by operating cash flow (15.2%).

Interest Coverage: ESS's interest payments on its debt are not well covered by EBIT (2.6x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/19 10:38
End of Day Share Price 2025/05/16 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 Github.

Analyst Sources

Essex Property Trust, Inc. is covered by 47 analysts. 18 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