ESS Stock Analysis: Essex Property Trust | NYSE
REIT - Residential | NYSE, USA | Market Cap: 20.357m USD | 12M Return: 9.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 129M
EPS Trend: 45.4%
Qual. Beats: 0
Rev. Trend: 98.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Essex Property Trust (NYSE: ESS) is a fully integrated, S&P 500 real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties concentrated in selected West Coast markets. As a multi-family residential REIT, Essex generates revenue primarily through rental income from its owned and managed apartment communities, and its portfolio consists of ownership interests in 259 apartment communities comprising over 63,000 apartment homes, plus one property in active development. The company was incorporated in Maryland in 1971, completed its IPO in 1994, and is headquartered in San Mateo, California. As a REIT, Essex is generally required to distribute a substantial portion of its taxable income to shareholders as dividends, making it typically classified as an income-oriented investment.
- Bay Area and Seattle job growth drives same-store rental income
- Rising interest rates pressure apartment valuations and FFO growth
- California rent control proposals cap West Coast rental revenue upside
| Net Income: 575.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 0.44 > 1.0 |
| NWC/Revenue: -15.71% < 20% (prev 0.12%; Δ -15.83% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.08b > Net Income 575.6m |
| Net Debt (6.86b) to EBITDA (1.47b): 4.68 < 3 |
| Current Ratio: 0.45 > 1.5 & < 3 |
| Outstanding Shares: last quarter (64.5m) vs 12m ago 0.23% < -2% |
| Gross Margin: 69.44% > 18% (prev 55.17%; Δ 14.27% > 0.5%) |
| Asset Turnover: 14.52% > 50% (prev 13.93%; Δ 0.59% > 0%) |
| Interest Coverage Ratio: 3.31 > 6 (EBIT TTM 854.6m / Interest Expense TTM 258.5m) |
| A: -0.02 (Total Current Assets 249.4m - Total Current Liabilities 549.1m) / Total Assets 13.1b |
| B: -0.09 (Retained Earnings -1.21b / Total Assets 13.1b) |
| C: 0.07 (EBIT TTM 854.6m / Avg Total Assets 13.1b) |
| D: 0.73 (Book Value of Equity 5.44b / Total Liabilities 7.47b) |
| Altman-Z'' = 0.75 = B |
| DSRI: 1.45 (Receivables 202.0m/133.7m, Revenue 1.91b/1.84b) |
| GMI: 0.79 (GM 55.17% / 69.44%) |
| AQI: 1.01 (AQ_t 0.98 / AQ_t-1 0.96) |
| SGI: 1.04 (Revenue 1.91b / 1.84b) |
| TATA: -0.04 (NI 575.6m - CFO 1.08b) / TA 13.1b) |
| Beneish M = -2.81 (Cap -4..+1) = A |
As of July 05, 2026, the stock is trading at USD 298.33 with a total of 381,400 shares traded. Over the past week, the price has changed by +5.39%, over one month by +8.34%, over three months by +21.50% and over the past year by +9.16%.
Current recommended Stop Loss: 290.00 (which is 2.8% or 1.4 ATR below the current price).
Essex Property Trust has received a consensus analysts rating of 3.33. Therefore, it is recommended to hold ESS.
- StrongBuy: 3
- Buy: 6
- Hold: 16
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 288.6 | -3.3% |
P/E Trailing = 33.2216
P/E Forward = 52.6316
P/S = 10.3542
P/B = 3.4916
P/EG = 7.395
Revenue TTM = 1.91b USD
EBIT TTM = 854.6m USD
EBITDA TTM = 1.47b USD
Long Term Debt = 6.80b USD (from longTermDebt, last quarter)
Short Term Debt = 549.1m USD (from shortTermDebt, last quarter)
Debt = 6.91b USD (from shortLongTermDebtTotal, last quarter) + Leases 50.5m
Net Debt = 6.86b USD (calculated: Debt 6.91b - CCE 47.4m)
Enterprise Value = 27.2b USD (20.4b + Debt 6.91b - CCE 47.4m)
Interest Coverage Ratio = 3.31 (Ebit TTM 854.6m / Interest Expense TTM 258.5m)
EV/FCF = 28.71x (Enterprise Value 27.2b / FCF TTM 947.9m)
FCF Yield = 3.48% (FCF TTM 947.9m / Enterprise Value 27.2b)
FCF Margin = 49.69% (FCF TTM 947.9m / Revenue TTM 1.91b)
Net Margin = 30.17% (Net Income TTM 575.6m / Revenue TTM 1.91b)
Gross Margin = 69.44% ((Revenue TTM 1.91b - Cost of Revenue TTM 582.9m) / Revenue TTM)
Gross Margin QoQ = 70.86% (prev 68.56%)
Tobins Q-Ratio = 2.08 (Enterprise Value 27.2b / Total Assets 13.1b)
Interest Expense / Debt = 3.74% (Interest Expense 258.5m / Debt 6.91b)
Taxrate = 0.04% (257k / 698.0m)
NOPAT = 854.3m (EBIT 854.6m * (1 - 0.04%))
Current Ratio = 0.45 (Total Current Assets 249.4m / Total Current Liabilities 549.1m)
Debt / Equity = 1.27 (Debt 6.91b / totalStockholderEquity, last quarter 5.44b)
Debt / EBITDA = 4.68 (Net Debt 6.86b / EBITDA 1.47b)
Debt / FCF = 7.24 (Net Debt 6.86b / FCF TTM 947.9m)
Total Stockholder Equity = 5.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.38% (Net Income 575.6m / Total Assets 13.1b)
RoE = 10.35% (Net Income TTM 575.6m / Total Stockholder Equity 5.56b)
RoCE = 6.91% (EBIT 854.6m / Capital Employed (Equity 5.56b + L.T.Debt 6.80b))
RoIC = 6.55% (NOPAT 854.3m / Invested Capital 13.0b)
WACC = 5.87% (E(20.4b)/V(27.3b) * Re(6.59%) + D(6.91b)/V(27.3b) * Rd(3.74%) * (1-Tc(0.00)))
Discount Rate = 6.59% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.56 | Cagr: 0.19%
[DCF] Terminal Value 76.16% ; FCFF base≈927.5m ; Y1≈975.1m ; Y5≈1.13b
[DCF] Fair Price = 164.7 (EV 17.4b - Net Debt 6.86b = Equity 10.6b / Shares 64.3m; r=8.35% [WACC [floored]]; 5y FCF grow 5.67% → 2.50% )
EPS Correlation: 45.39 | EPS CAGR: 10.03% | SUE: 0.24 | # QB: 0
Revenue Correlation: 98.85 | Revenue CAGR: 6.16% | SUE: 0.69 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.47 | Chg30d=+1.22% | Revisions=-40% | Analysts=5
EPS next Quarter (2026-09-30): EPS=1.42 | Chg30d=+0.95% | Revisions=-40% | Analysts=5
EPS current Year (2026-12-31): EPS=5.90 | Chg30d=+1.65% | Revisions=+40% | GrowthEPS=+2.4% | GrowthRev=+3.6%
EPS next Year (2027-12-31): EPS=6.02 | Chg30d=+1.80% | Revisions=-29% | GrowthEPS=+2.2% | GrowthRev=+3.1%
[Analyst] Revisions Ratio: -31% (up=3, down=7)