Overview Dividends

(ESS) Essex Property Trust - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US2971781057

Apartment Communities, Multifamily Properties, Real Estate Investment Trusts, West Coast Residential

EPS (Earnings per Share)

EPS Growth (3y CAGR): -19.26%
EPS Trend (3y Corr): -39.8%

Last SUE: -0.20σ
Qual. Beats: 0

Revenue

Revenue Growth (3y CAGR): 4.88%
Revenue Trend (3y Corr): 97.5%

Last SUE: 0.02σ
Qual. Beats: 0

Risk via 10d forecast
Volatility	22.5%
Value at Risk 5%th	37.5%
Relative Tail Risk	1.12%

Reward TTM
Sharpe Ratio	-0.46
Alpha	-20.30

Character TTM
Hurst Exponent	0.499
Beta	0.660
Beta Downside	0.831

Drawdowns 3y
Max DD	19.07%
Mean DD	6.67%
Median DD	6.00%

Description: ESS Essex Property Trust October 16, 2025

Essex Property Trust, Inc. (NYSE:ESS) is an S&P 500-listed REIT that fully integrates acquisition, development, redevelopment, and management of multifamily residential assets across select West Coast markets. The company currently holds ownership stakes in 258 apartment communities, totaling more than 62,000 units, with an additional property under active development.

Key operating metrics as of the latest reporting period include an occupancy rate of roughly 96%, average rent growth of about 5% year-over-year, and a Funds-From-Operations (FFO) per share of $5.30, reflecting strong cash-flow generation in a sector buoyed by chronic housing supply constraints and favorable demographic trends (e.g., millennial migration to urban coastal hubs). The REIT’s weighted-average lease-up period remains under 12 months, and its capital allocation strategy targets a 7-8% internal rate of return on new development projects, aligning with prevailing cap-rate compression in the West Coast multifamily market.

For a deeper quantitative dive, consider reviewing ValueRay’s analyst dashboard, which aggregates recent earnings releases, peer comparisons, and forward-looking valuation models for ESS.

ESS Stock Overview

Market Cap in USD	17,587m
Sub-Industry	Multi-Family Residential REITs
IPO / Inception	1994-06-06
Return 12m vs S&P 500	-20.8%
Analyst Rating	3.33 of 5

ESS Dividends

Metric	Value
Dividend Yield	3.89%
Yield on Cost 5y	4.79%
Yield CAGR 5y	-3.03%
Payout Consistency	99.4%
Payout Ratio	2.0%

ESS Growth Ratios

Metric	Value
CAGR 3y	11.80%
CAGR/Max DD Calmar Ratio	0.62
CAGR/Mean DD Pain Ratio	1.77
Current Volume	272.4k
Average Volume	457.4k

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income (846.5m TTM) > 0 and > 6% of Revenue (6% = 111.7m TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA 1.29pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -17.29% (prev -0.82%; Δ -16.47pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.09 (>3.0%) and CFO 1.15b > Net Income 846.5m (YES >=105%, WARN >=100%)

Net Debt (6.65b) to EBITDA (1.62b) ratio: 4.11 <= 3.0 (WARN <= 3.5)

Current Ratio 0.54 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (64.4m) change vs 12m ago 0.23% (target <= -2.0% for YES)

Gross Margin 60.02% (prev 81.90%; Δ -21.88pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 14.44% (prev 13.77%; Δ 0.67pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.02 (EBITDA TTM 1.62b / Interest Expense TTM 252.6m) >= 6 (WARN >= 3)

Altman Z'' -0.05

(A) -0.02 = (Total Current Assets 381.0m - Total Current Liabilities 703.0m) / Total Assets 13.15b

(B) -0.08 = Retained Earnings (Balance) -1.06b / Total Assets 13.15b

(D) -0.14 = Book Value of Equity -1.06b / Total Liabilities 7.32b

Total Rating: -0.05 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 67.89

1. Piotroski 4.50pt

2. FCF Yield 4.62%

3. FCF Margin 59.91%

4. Debt/Equity 1.19

5. Debt/Ebitda 4.11

6. ROIC - WACC (= 2.13)%

7. RoE 15.13%

8. Rev. Trend 97.48%

9. EPS Trend -39.83%

What is the price of ESS shares?

As of November 22, 2025, the stock is trading at USD 261.20 with a total of 272,437 shares traded.
Over the past week, the price has changed by +2.60%, over one month by -0.30%, over three months by +0.38% and over the past year by -11.05%.

Is ESS a buy, sell or hold?

Essex Property Trust has received a consensus analysts rating of 3.33. Therefor, it is recommend to hold ESS.

Strong Buy: 3
Buy: 6
Hold: 16
Sell: 1
Strong Sell: 1

What are the forecasts/targets for the ESS price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	286.9	9.8%
Analysts Target Price	286.9	9.8%
ValueRay Target Price	270.9	3.7%

ESS Fundamental Data Overview November 21, 2025

Market Cap USD = 17.59b (17.59b USD * 1.0 USD.USD)
P/E Trailing = 19.3782
P/E Forward = 42.1941
P/S = 9.1756
P/B = 2.9001
P/EG = 7.395
Beta = 0.733
Revenue TTM = 1.86b USD
EBIT TTM = 1.01b USD
EBITDA TTM = 1.62b USD
Long Term Debt = 6.42b USD (from longTermDebt, last quarter)
Short Term Debt = 245.0m USD (from shortTermDebt, last quarter)
Debt = 6.71b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.65b USD (from netDebt column, last quarter)
Enterprise Value = 24.15b USD (17.59b + Debt 6.71b - CCE 150.1m)
Interest Coverage Ratio = 4.02 (Ebit TTM 1.01b / Interest Expense TTM 252.6m)
FCF Yield = 4.62% (FCF TTM 1.12b / Enterprise Value 24.15b)
FCF Margin = 59.91% (FCF TTM 1.12b / Revenue TTM 1.86b)
Net Margin = 45.46% (Net Income TTM 846.5m / Revenue TTM 1.86b)
Gross Margin = 60.02% ((Revenue TTM 1.86b - Cost of Revenue TTM 744.4m) / Revenue TTM)
Gross Margin QoQ = 69.69% (prev 68.62%)
Tobins Q-Ratio = 1.84 (Enterprise Value 24.15b / Total Assets 13.15b)
Interest Expense / Debt = 0.94% (Interest Expense 63.3m / Debt 6.71b)
Taxrate = -108.6% (out of range, set to none) (-881.1m / 811.3m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 0.54 (Total Current Assets 381.0m / Total Current Liabilities 703.0m)
Debt / Equity = 1.19 (Debt 6.71b / totalStockholderEquity, last quarter 5.63b)
Debt / EBITDA = 4.11 (Net Debt 6.65b / EBITDA 1.62b)
Debt / FCF = 5.96 (Net Debt 6.65b / FCF TTM 1.12b)
Total Stockholder Equity = 5.59b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.44% (Net Income 846.5m / Total Assets 13.15b)
RoE = 15.13% (Net Income TTM 846.5m / Total Stockholder Equity 5.59b)
RoCE = 8.45% (EBIT 1.01b / Capital Employed (Equity 5.59b + L.T.Debt 6.42b))
RoIC = 8.25% (EBIT 1.01b / (Assets 13.15b - Curr.Liab 703.0m - Cash 150.1m))
WACC = 6.12% (E(17.59b)/V(24.30b) * Re(8.45%) + (debt cost/tax rate unavailable))
Discount Rate = 8.45% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.18%
[DCF Debug] Terminal Value 77.33% ; FCFE base≈1.03b ; Y1≈1.07b ; Y5≈1.21b
Fair Price DCF = 306.6 (DCF Value 19.75b / Shares Outstanding 64.4m; 5y FCF grow 3.49% → 3.0% )
EPS Correlation: -39.83 | EPS CAGR: -19.26% | SUE: -0.20 | # QB: 0
Revenue Correlation: 97.48 | Revenue CAGR: 4.88% | SUE: 0.02 | # QB: 0

Additional Sources for ESS Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle