ESS Stock Analysis: Essex Property Trust | NYSE
REIT - Residential | NYSE, USA | Market Cap: 19.428m USD | 12M Return: 16.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 147M
EPS Trend: 31.2%
Qual. Beats: 0
Rev. Trend: 98.7%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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: 237.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -2.89 > 1.0 |
| NWC/Revenue: -20.27% < 20% (prev -22.47%; Δ 2.20% < -1%) |
| CFO/TA 0.04 > 3% & CFO 576.8m > Net Income 237.5m |
| Net Debt (6.80b) to EBITDA (1.28b): 5.31 < 3 |
| Current Ratio: 0.29 > 1.5 & < 3 |
| Outstanding Shares: last quarter (64.5m) vs 12m ago 0.12% < -2% |
| Gross Margin: 70.08% > 18% (prev 55.29%; Δ 14.79% > 0.5%) |
| Asset Turnover: 14.78% > 50% (prev 14.14%; Δ 0.63% > 0%) |
| Interest Coverage Ratio: 2.18 > 6 (EBIT TTM 667.2m / Interest Expense TTM 305.8m) |
| A: -0.03 (Total Current Assets 158.5m - Total Current Liabilities 549.1m) / Total Assets 12.9b |
| B: -0.09 (Retained Earnings -1.15b / Total Assets 12.9b) |
| C: 0.05 (EBIT TTM 667.2m / Avg Total Assets 13.0b) |
| D: 0.72 (Book Value of Equity 5.32b / Total Liabilities 7.39b) |
| Altman-Z'' = 0.61 = B |
| DSRI: 0.68 (Receivables 96.3m/138.1m, Revenue 1.93b/1.86b) |
| GMI: 0.79 (GM 55.29% / 70.08%) |
| AQI: 1.01 (AQ_t 0.98 / AQ_t-1 0.97) |
| SGI: 1.03 (Revenue 1.93b / 1.86b) |
| TATA: -0.03 (NI 237.5m - CFO 576.8m) / TA 12.9b) |
| Beneish M = -3.46 (Cap -4..+1) = AA |
As of August 04, 2026, the stock is trading at USD 285.88 with a total of 397,947 shares traded. Over the past week, the price has changed by -1.65%, over one month by -4.07%, over three months by +8.97% and over the past year by +16.79%.
Current recommended Stop Loss: 275.00 (which is 3.8% or 1.8 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 | 300 | 4.9% |
P/E Trailing = 46.2824
P/E Forward = 52.9101
P/S = 9.8816
P/B = 3.5831
P/EG = 7.0183
Revenue TTM = 1.93b USD
EBIT TTM = 667.2m USD
EBITDA TTM = 1.28b USD
Long Term Debt = 6.80b USD (from longTermDebt, last fiscal year)
Short Term Debt = 549.4m USD (from shortTermDebt, last fiscal year)
Debt = 6.95b USD (from shortLongTermDebtTotal, last fiscal year) + Leases 50.5m
Net Debt = 6.80b USD (calculated: Debt 6.95b - CCE 158.5m)
Enterprise Value = 26.2b USD (19.4b + Debt 6.95b - CCE 158.5m)
Interest Coverage Ratio = 2.18 (Ebit TTM 667.2m / Interest Expense TTM 305.8m)
EV/FCF = 52.35x (Enterprise Value 26.2b / FCF TTM 500.9m)
FCF Yield = 1.91% (FCF TTM 500.9m / Enterprise Value 26.2b)
FCF Margin = 26.00% (FCF TTM 500.9m / Revenue TTM 1.93b)
Net Margin = 12.33% (Net Income TTM 237.5m / Revenue TTM 1.93b)
Gross Margin = 70.08% ((Revenue TTM 1.93b - Cost of Revenue TTM 576.5m) / Revenue TTM)
Gross Margin QoQ = 71.16% (prev 70.86%)
Tobins Q-Ratio = 2.03 (Enterprise Value 26.2b / Total Assets 12.9b)
Interest Expense / Debt = 4.40% (Interest Expense 305.8m / Debt 6.95b)
Taxrate = 0.04% (257k / 698.0m)
NOPAT = 666.9m (EBIT 667.2m * (1 - 0.04%))
Current Ratio = 0.29 (Total Current Assets 158.5m / Total Current Liabilities 549.1m)
Debt / Equity = 1.31 (Debt 6.95b / totalStockholderEquity, last quarter 5.32b)
Debt / EBITDA = 5.31 (Net Debt 6.80b / EBITDA 1.28b)
Debt / FCF = 13.57 (Net Debt 6.80b / FCF TTM 500.9m)
Total Stockholder Equity = 5.48b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.82% (Net Income 237.5m / Total Assets 12.9b)
RoE = 4.33% (Net Income TTM 237.5m / Total Stockholder Equity 5.48b)
RoCE = 5.43% (EBIT 667.2m / Capital Employed (Equity 5.48b + L.T.Debt 6.80b))
RoIC = 5.03% (NOPAT 666.9m / Invested Capital 13.3b)
WACC = 5.97% (E(19.4b)/V(26.4b) * Re(6.54%) + D(6.95b)/V(26.4b) * Rd(4.40%) * (1-Tc(0.00)))
Discount Rate = 6.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 96.97 | Cagr: 0.17%
[DCF] Terminal Value 73.10% ; FCFF base≈657.5m ; Y1≈576.5m ; Y5≈465.8m
[DCF] Fair Price = 10.61 (EV 7.48b - Net Debt 6.80b = Equity 681.8m / Shares 64.3m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 31.18 | EPS CAGR: 5.18% | SUE: 0.18 | # QB: 0
Revenue Correlation: 98.67 | Revenue CAGR: 6.09% | SUE: 0.45 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.41 | Chg30d=-0.56% | Revisions=+0% | Analysts=5
EPS current Year (2026-12-31): EPS=5.90 | Chg30d=+0.07% | Revisions=+40% | GrowthEPS=+2.4% | GrowthRev=+3.7%
EPS next Year (2027-12-31): EPS=6.15 | Chg30d=+2.15% | Revisions=-17% | GrowthEPS=+4.3% | GrowthRev=+3.5%
[Analyst] Revisions Ratio: +10% (up=4, down=3)