NYSE · ESS
Essex Property Trust, Inc.
Real Estate · REIT - Residential
$271.37▼ 1.09% ($3.00)at close
As of 4:00 PM ET
Market cap
$17.44B
P/E
41.98
Volume
509.92K
Shares outstanding
64.26M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 2.93% over the last year. Revenue grew 3.34% over the trailing twelve months. Operating margin moved from 52.03% to 29.07%. Free cash flow grew 16.79% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 29.07%. A decisive move in revenue — currently up 3.34% — would be the clearest signal to resolve the ambiguity.
Performance
Return analysis
Company profile
Essex Property Trust, Inc., a prominent S&P 500 constituent, operates as a vertically integrated real estate investment trust (REIT).
Market multiples
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
18
Buy
25
Hold
4
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 27, 2026
Q4 FY26 · EPS est $1.46 · Revenue est $490.8M
View
Dividends
$10.34/shareQuarterlyDividend Aristocrat · 31yrEx-div Sep 30, 2026 · in 20dAdequateESS pays a dividend with a 3.81% declared yield, 31 consecutive years of growth, growing at 4.37% annually, covered 1.4× by free cash flow.
Declared Yield
3.81%
Annual Div / Share
$10.34
5yr CAGR
+4.37%
Doubles every ~16.2yr
FCF Coverage
1.4×
Adequate
Dividend Growth Rate
3yr CAGR
+4.24%
5yr CAGR
+4.37%
10yr CAGR
+5.18%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$3/mo
In 5 yrs
$4/mo
In 10 yrs
$5/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$38/yr $3/mo | $47/yr+24% $4/mo | $58/yr+53% $5/mo |
Yield-on-cost grows from 3.81% → 5.85% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
ESS has raised its dividend for 31 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Risks to Watch
No strong risk signal stands out from the latest period pair.