ESS Stock Analysis: Essex Property Trust | NYSE
REIT - Residential | NYSE, USA | Market Cap: 18.020m USD | 12M Return: 9.9% | US2971781057 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 133M
EPS Trend: 57.5%
Qual. Beats: 0
Rev. Trend: 98.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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, Inc. (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. The company holds ownership interests in 258 apartment communities totaling over 62,000 apartment homes, with one additional property in active development. Headquartered in San Mateo, California, Essex was incorporated in Maryland in 1971 and has been publicly traded since its 1994 IPO.
As a member of the Multi-Family Residential REITs sub-industry within the GICS Real Estate sector, Essex benefits from a structural framework that requires it to distribute the majority of its taxable income to shareholders in exchange for pass-through tax treatment. Multifamily REITs typically generate revenue through rental income from owned apartment communities, with operating performance closely tied to local supply-demand dynamics, occupancy rates, and rental pricing in their target metropolitan areas.
- West Coast rent growth lifts same-property NOI
- California rent control proposals threaten pricing power
- New apartment supply pressures occupancy in Seattle and LA
- Rising rates expand cap rates and slow acquisitions
| Net Income: 350.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 1.36 > 1.0 |
| NWC/Revenue: 4.32% < 20% (prev -17.17%; Δ 21.49% < -1%) |
| CFO/TA 0.09 > 3% & CFO 1.11b > Net Income 350.1m |
| Net Debt (6.77b) to EBITDA (1.24b): 5.47 < 3 |
| Current Ratio: 1.85 > 1.5 & < 3 |
| Outstanding Shares: last quarter (64.3m) vs 12m ago -0.16% < -2% |
| Gross Margin: 68.69% > 18% (prev 55.71%; Δ 12.98% > 0.5%) |
| Asset Turnover: 14.99% > 50% (prev 14.26%; Δ 0.73% > 0%) |
| Interest Coverage Ratio: 2.40 > 6 (EBIT TTM 622.2m / Interest Expense TTM 258.9m) |
| A: 0.01 (Total Current Assets 183.0m - Total Current Liabilities 98.8m) / Total Assets 12.8b |
| B: -0.09 (Retained Earnings -1.15b / Total Assets 12.8b) |
| C: 0.05 (EBIT TTM 622.2m / Avg Total Assets 13.0b) |
| D: 0.72 (Book Value of Equity 5.30b / Total Liabilities 7.33b) |
| Altman-Z'' = 0.83 = B |
| DSRI: 0.41 (Receivables 94.1m/221.6m, Revenue 1.95b/1.88b) |
| GMI: 0.81 (GM 55.71% / 68.69%) |
| AQI: 1.02 (AQ_t 0.98 / AQ_t-1 0.97) |
| SGI: 1.04 (Revenue 1.95b / 1.88b) |
| TATA: -0.06 (NI 350.1m - CFO 1.11b) / TA 12.8b) |
| Beneish M = -3.65 (Cap -4..+1) = AAA |
As of November 03, 2026, the stock is trading at USD 264.18 with a total of 907,672 shares traded. Over the past week, the price has changed by -5.09%, over one month by -2.64%, over three months by -5.38% and over the past year by +9.94%.
Current recommended Stop Loss: 255.50 (which is 3.3% or 1.4 ATR below the current price).
Essex Property Trust has received a consensus analysts rating of 3.42. Therefore, it is recommended to hold ESS.
- StrongBuy: 4
- Buy: 6
- Hold: 14
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 296.8 | 12.4% |
P/E Trailing = 42.7157
P/E Forward = 43.8596
P/S = 9.0977
P/B = 3.3184
P/EG = 7.0183
Revenue TTM = 1.95b USD
EBIT TTM = 622.2m USD
EBITDA TTM = 1.24b 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 49.8m
Net Debt = 6.77b USD (calculated: Debt 6.95b - CCE 183.0m)
Enterprise Value = 24.8b USD (18.0b + Debt 6.95b - CCE 183.0m)
Interest Coverage Ratio = 2.40 (Ebit TTM 622.2m / Interest Expense TTM 258.9m)
EV/FCF = 23.18x (Enterprise Value 24.8b / FCF TTM 1.07b)
FCF Yield = 4.31% (FCF TTM 1.07b / Enterprise Value 24.8b)
FCF Margin = 54.94% (FCF TTM 1.07b / Revenue TTM 1.95b)
Net Margin = 17.99% (Net Income TTM 350.1m / Revenue TTM 1.95b)
Gross Margin = 68.69% ((Revenue TTM 1.95b - Cost of Revenue TTM 609.4m) / Revenue TTM)
Gross Margin QoQ = 66.94% (prev 68.42%)
Tobins Q-Ratio = 1.93 (Enterprise Value 24.8b / Total Assets 12.8b)
Interest Expense / Debt = 3.72% (Interest Expense 258.9m / Debt 6.95b)
Taxrate = 0.04% (257k / 698.0m)
NOPAT = 622.0m (EBIT 622.2m * (1 - 0.04%))
Current Ratio = 1.85 (Total Current Assets 183.0m / Total Current Liabilities 98.8m)
Debt / Equity = 1.31 (Debt 6.95b / totalStockholderEquity, last quarter 5.30b)
Debt / EBITDA = 5.47 (Net Debt 6.77b / EBITDA 1.24b)
Debt / FCF = 6.33 (Net Debt 6.77b / FCF TTM 1.07b)
Total Stockholder Equity = 5.40b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.70% (Net Income 350.1m / Total Assets 12.8b)
RoE = 6.48% (Net Income TTM 350.1m / Total Stockholder Equity 5.40b)
RoCE = 5.10% (EBIT 622.2m / Capital Employed (Equity 5.40b + L.T.Debt 6.80b))
RoIC = 4.72% (NOPAT 622.0m / Invested Capital 13.2b)
WACC = 5.47% (E(18.0b)/V(25.0b) * Re(6.14%) + D(6.95b)/V(25.0b) * Rd(3.72%) * (1-Tc(0.00)))
Discount Rate = 6.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 72.11 | Cagr: 0.06%
[DCF] Terminal Value 77.97% ; FCFF base≈1.01b ; Y1≈1.16b ; Y5≈1.70b
[DCF] Fair Price = 293.3 (EV 25.6b - Net Debt 6.77b = Equity 18.8b / Shares 64.3m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 57.47 | EPS CAGR: 16.34% | SUE: -0.04 | # QB: 0
Revenue Correlation: 98.17 | Revenue CAGR: 5.84% | SUE: 0.20 | # QB: 0
EPS current Quarter (2027-03-31): EPS=1.53 | Chg30d=-0.81% | Revisions=+50% | Analysts=3
EPS current Year (2026-12-31): EPS=5.50 | Chg30d=+0.13% | Revisions=-40% | GrowthEPS=-4.4% | GrowthRev=+4.1%
EPS next Year (2027-12-31): EPS=6.25 | Chg30d=-0.99% | Revisions=+57% | GrowthEPS=+13.6% | GrowthRev=+3.3%
[Analyst] Revisions Ratio: +42% (up=7, down=2)