Essex Property Trust, Inc.
ESS
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+ FollowMarket Cap$18.51B
Close$
Earnings Call Q4 2024
February 5, 2025 - AI Summary
Strong Financial Performance: Essex Property Trust reported same-property revenue growth of 3.3% and core FFO growth of 3.8% for 2024, both exceeding original guidance and indicating robust demand driven by return-to-office trends and effective management resolution of delinquency issues.
2025 Guidance and Market Forecast: For 2025, Essex projects same-property revenue growth of approximately 3% with blended rent growth of 3% by year-end. Notably, urban markets such as LA are expected to experience modest improvement from a challenging 2024, with rent growth projected at around 2%.
Concerns Over Regulatory Environment: The company highlighted potential regulatory risks, particularly in Los Angeles, with discussions around eviction moratoriums and rent freeze proposals causing uncertainty. These factors could represent headwinds that affect overall growth if enacted more severely than currently anticipated.
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$506.12
79.9% upside
Current Fair Value
79.9% upsideUndervalued by 79.9% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $18.51 Billion |
|---|---|
| Enterprise Value | $18.45 Billion |
| Dividend Yield | $10.32 (3.58%) |
| Earnings per Share | $10.41 |
| Beta | 0.72 |
| Outstanding Shares | 64,454,912 |
Return
| Return on Equity | 1.22% |
|---|---|
| Return on Assets | 0.50% |
| Return on Invested Capital | 4.81% |
Valuation & Multiples
| P/E Ratio | 44.81 |
|---|---|
| PEG | 4.28 |
| Price to Sales | 9.7 |
| Price to Book Ratio | 3.31 |
| Enterprise Value to Revenue | 9.57 |
| Enterprise Value to EBIT | 29.71 |
| Enterprise Value to Net Income | 284 |
| Total Debt to Enterprise | 0 |
| Debt to Equity | 0 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
August 4, 2026
EPS Estimate
$1.47
Average shareholder expectationRevenue Estimate
$485.30 M
Average shareholder expectationNext Earnings Call
Expected Date
October 27, 2026
EPS Estimate
$1.43
Average shareholder expectationRevenue Estimate
$490.08 M
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 3.0000▲ 221.97% |
|---|---|
| Total Calls | 100▼ 99.85% |
| Total Puts | 300▼ 99.43% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 34.56%▼ 61.84% |
|---|---|
| Total Invested | $6.51B▼ 56.77% |
| Investors Holding | 311▼ 306.00% |
ESG Score
No data
About Essex Property Trust, Inc.
CEO: Michael Schall