ESS Stock Analysis: Essex Property Trust | NYSE
REIT - Residential | NYSE, USA | Market Cap: 18.723m USD | 12M Return: 5.9% | US2971781057 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 143M
EPS Trend: 31.2%
Qual. Beats: 0
Rev. Trend: 98.7%
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: 416.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 1.31 > 1.0 |
| NWC/Revenue: -14.81% < 20% (prev -22.47%; Δ 7.66% < -1%) |
| CFO/TA 0.09 > 3% & CFO 1.12b > Net Income 416.7m |
| Net Debt (6.64b) to EBITDA (1.31b): 5.09 < 3 |
| Current Ratio: 0.36 > 1.5 & < 3 |
| Outstanding Shares: last quarter (64.5m) vs 12m ago 0.12% < -2% |
| Gross Margin: 69.38% > 18% (prev 55.29%; Δ 14.09% > 0.5%) |
| Asset Turnover: 14.78% > 50% (prev 14.14%; Δ 0.63% > 0%) |
| Interest Coverage Ratio: 2.66 > 6 (EBIT TTM 691.6m / Interest Expense TTM 260.1m) |
| A: -0.02 (Total Current Assets 158.5m - Total Current Liabilities 443.9m) / Total Assets 12.9b |
| B: -0.10 (Retained Earnings -1.31b / Total Assets 12.9b) |
| C: 0.05 (EBIT TTM 691.6m / Avg Total Assets 13.0b) |
| D: 0.72 (Book Value of Equity 5.32b / Total Liabilities 7.39b) |
| Altman-Z'' = 0.64 = B |
| DSRI: 0.68 (Receivables 96.3m/138.1m, Revenue 1.93b/1.86b) |
| GMI: 0.80 (GM 55.29% / 69.38%) |
| AQI: 1.01 (AQ_t 0.98 / AQ_t-1 0.97) |
| SGI: 1.03 (Revenue 1.93b / 1.86b) |
| TATA: -0.05 (NI 416.7m - CFO 1.12b) / TA 12.9b) |
| Beneish M = -3.45 (Cap -4..+1) = AA |
As of October 03, 2026, the stock is trading at USD 268.65 with a total of 462,579 shares traded. Over the past week, the price has changed by -0.15%, over one month by -2.19%, over three months by -9.09% and over the past year by +5.85%.
Current recommended Stop Loss: 262.20 (which is 2.4% or 1.5 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 | 304.1 | 13.2% |
P/E Trailing = 42.3729
P/E Forward = 43.8596
P/S = 9.4523
P/B = 3.3173
P/EG = 7.395
Revenue TTM = 1.93b USD
EBIT TTM = 691.6m USD
EBITDA TTM = 1.31b USD
Long Term Debt = 6.35b USD (from longTermDebt, last quarter)
Short Term Debt = 443.9m USD (from shortTermDebt, last quarter)
Debt = 6.80b USD (from shortLongTermDebtTotal, last quarter) + Leases 49.8m
Net Debt = 6.64b USD (calculated: Debt 6.80b - CCE 158.5m)
Enterprise Value = 25.4b USD (18.7b + Debt 6.80b - CCE 158.5m)
Interest Coverage Ratio = 2.66 (Ebit TTM 691.6m / Interest Expense TTM 260.1m)
EV/FCF = 24.34x (Enterprise Value 25.4b / FCF TTM 1.04b)
FCF Yield = 4.11% (FCF TTM 1.04b / Enterprise Value 25.4b)
FCF Margin = 54.09% (FCF TTM 1.04b / Revenue TTM 1.93b)
Net Margin = 21.63% (Net Income TTM 416.7m / Revenue TTM 1.93b)
Gross Margin = 69.38% ((Revenue TTM 1.93b - Cost of Revenue TTM 589.9m) / Revenue TTM)
Gross Margin QoQ = 68.42% (prev 70.86%)
Tobins Q-Ratio = 1.97 (Enterprise Value 25.4b / Total Assets 12.9b)
Interest Expense / Debt = 3.83% (Interest Expense 260.1m / Debt 6.80b)
Taxrate = 0.04% (257k / 698.0m)
NOPAT = 691.3m (EBIT 691.6m * (1 - 0.04%))
Current Ratio = 0.36 (Total Current Assets 158.5m / Total Current Liabilities 443.9m)
Debt / Equity = 1.28 (Debt 6.80b / totalStockholderEquity, last quarter 5.32b)
Debt / EBITDA = 5.09 (Net Debt 6.64b / EBITDA 1.31b)
Debt / FCF = 6.37 (Net Debt 6.64b / FCF TTM 1.04b)
Total Stockholder Equity = 5.48b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.20% (Net Income 416.7m / Total Assets 12.9b)
RoE = 7.60% (Net Income TTM 416.7m / Total Stockholder Equity 5.48b)
RoCE = 5.84% (EBIT 691.6m / Capital Employed (Equity 5.48b + L.T.Debt 6.35b))
RoIC = 5.40% (NOPAT 691.3m / Invested Capital 12.8b)
WACC = 5.82% (E(18.7b)/V(25.5b) * Re(6.54%) + D(6.80b)/V(25.5b) * Rd(3.83%) * (1-Tc(0.00)))
Discount Rate = 6.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 96.97 | Cagr: 0.17%
[DCF] Terminal Value 77.97% ; FCFF base≈982.2m ; Y1≈1.13b ; Y5≈1.66b
[DCF] Fair Price = 284.7 (EV 24.9b - Net Debt 6.64b = Equity 18.3b / 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=1.46 | Chg30d=+1.42% | Revisions=+50% | Analysts=4
EPS current Year (2026-12-31): EPS=5.50 | Chg30d=-2.50% | Revisions=-40% | GrowthEPS=-4.6% | GrowthRev=+4.2%
EPS next Year (2027-12-31): EPS=6.30 | Chg30d=+2.17% | Revisions=+57% | GrowthEPS=+14.6% | GrowthRev=+3.2%
[Analyst] Revisions Ratio: +42% (up=7, down=2)