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

ESS EPS (Earnings per Share)

EPS Growth (3Y CAGR): -19.26%
EPS Trend (3Y Correlation): -39.8%

ESS Revenue

Revenue Growth (3Y CAGR): 4.88%
Revenue Trend (3Y Correlation): 97.5%

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	17,255m
Sub-Industry	Multi-Family Residential REITs
IPO / Inception	1994-06-06

ESS Stock Ratings

Growth Rating	4.0%
Fundamental	72.1%
Dividend Rating	55.2%
Return 12m vs S&P 500	-23.3%
Analyst Rating	3.33 of 5

ESS Dividends

Dividend Yield 12m	4.04%
Yield on Cost 5y	5.58%
Annual Growth 5y	-3.03%
Payout Consistency	99.4%
Payout Ratio	2.0%

ESS Growth Ratios

Growth Correlation 3m	11.4%
Growth Correlation 12m	-62.7%
Growth Correlation 5y	16.7%
CAGR 5y	9.76%
CAGR/Max DD 3y (Calmar Ratio)	0.51
CAGR/Mean DD 3y (Pain Ratio)	1.52
Sharpe Ratio 12m	1.04
Alpha	-28.67
Beta	0.823
Volatility	38.13%
Current Volume	846.9k
Average Volume 20d	472.2k
Stop Loss	244.2 (-3%)
Signal	0.38

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (673.8m TTM) > 0 and > 6% of Revenue (6% = 111.7m TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA 0.56pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -19.93% (prev -0.82%; Δ -19.11pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.08 (>3.0%) and CFO 1.06b > Net Income 673.8m (YES >=105%, WARN >=100%)

Net Debt (-75.2m) to EBITDA (1.59b) ratio: -0.05 <= 3.0 (WARN <= 3.5)

Current Ratio 0.30 (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 0.18% (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 3.91 (EBITDA TTM 1.59b / Interest Expense TTM 252.6m) >= 6 (WARN >= 3)

Altman Z'' 0.04

(A) -0.03 = (Total Current Assets 159.4m - Total Current Liabilities 530.5m) / Total Assets 13.15b

(B) -0.09 = Retained Earnings (Balance) -1.16b / Total Assets 13.15b

(D) 0.00 = Book Value of Equity 7.86m / Total Liabilities 7.32b

Total Rating: 0.04 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 72.07

1. Piotroski 5.0pt = 0.0

2. FCF Yield 4.29% = 2.15

3. FCF Margin 54.76% = 7.50

4. Debt/Equity 1.18 = 1.84

5. Debt/Ebitda -0.05 = 2.50

6. ROIC - WACC (= 1.40)% = 1.75

7. RoE 12.05% = 1.00

8. Rev. Trend 97.48% = 7.31

9. EPS Trend -39.83% = -1.99

What is the price of ESS shares?

As of November 03, 2025, the stock is trading at USD 251.77 with a total of 846,908 shares traded.
Over the past week, the price has changed by -4.02%, over one month by -4.59%, over three months by -0.13% and over the past year by -7.01%.

Is Essex Property Trust a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Essex Property Trust (NYSE:ESS) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 72.07 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ESS is around 239.83 USD . This means that ESS is currently overvalued and has a potential downside of -4.74%.

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	291.1	15.6%
Analysts Target Price	291.1	15.6%
ValueRay Target Price	262.7	4.3%

ESS Fundamental Data Overview November 02, 2025

Market Cap USD = 17.25b (17.25b USD * 1.0 USD.USD)
P/E Trailing = 19.1606
P/E Forward = 46.729
P/S = 9.0446
P/B = 3.0158
P/EG = 7.395
Beta = 0.823
Revenue TTM = 1.86b USD
EBIT TTM = 988.7m USD
EBITDA TTM = 1.59b USD
Long Term Debt = 6.46b USD (from longTermDebt, last fiscal year)
Short Term Debt = 137.9m USD (from shortTermDebt, last fiscal year)
Debt = 6.65b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -75.2m USD (from netDebt column, last quarter)
Enterprise Value = 23.75b USD (17.25b + Debt 6.65b - CCE 159.4m)
Interest Coverage Ratio = 3.91 (Ebit TTM 988.7m / Interest Expense TTM 252.6m)
FCF Yield = 4.29% (FCF TTM 1.02b / Enterprise Value 23.75b)
FCF Margin = 54.76% (FCF TTM 1.02b / Revenue TTM 1.86b)
Net Margin = 36.18% (Net Income TTM 673.8m / 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 = 1.81 (Enterprise Value 23.75b / Total Assets 13.15b)
Interest Expense / Debt = 0.95% (Interest Expense 63.3m / Debt 6.65b)
Taxrate = -108.6% (out of range, set to none) (-881.1m / 811.3m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 0.30 (Total Current Assets 159.4m / Total Current Liabilities 530.5m)
Debt / Equity = 1.18 (Debt 6.65b / totalStockholderEquity, last quarter 5.63b)
Debt / EBITDA = -0.05 (Net Debt -75.2m / EBITDA 1.59b)
Debt / FCF = -0.07 (Net Debt -75.2m / FCF TTM 1.02b)
Total Stockholder Equity = 5.59b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.12% (Net Income 673.8m / Total Assets 13.15b)
RoE = 12.05% (Net Income TTM 673.8m / Total Stockholder Equity 5.59b)
RoCE = 8.20% (EBIT 988.7m / Capital Employed (Equity 5.59b + L.T.Debt 6.46b))
RoIC = 7.93% (EBIT 988.7m / (Assets 13.15b - Curr.Liab 530.5m - Cash 159.4m))
WACC = 6.53% (E(17.25b)/V(23.91b) * Re(9.05%) + (debt cost/tax rate unavailable))
Discount Rate = 9.05% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.15%
[DCF Debug] Terminal Value 75.24% ; FCFE base≈975.8m ; Y1≈1.01b ; Y5≈1.14b
Fair Price DCF = 260.8 (DCF Value 16.80b / 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
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle