Essex Property Trust, Inc.

Essex Property Trust, Inc.

ESS

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Market Cap$17.52B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Essex Property Trust, Inc.Essex Property Trust, Inc.30.53.78%3%9.61.3

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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$285.50

Target Price by Analysts

2.8% upsideEssex Property Trust Target Price DetailsTarget Price
$577.57

Current Fair Value

107.9% upside

Undervalued by 107.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$17.52 Billion
Enterprise Value$24.33 Billion
Dividend Yield$10.30 (3.78%)
Earnings per Share$10.41
Beta0.73
Outstanding Shares64,454,912

Return

Return on Equity3.15%ROE
Return on Assets1.31%
Return on Invested Capital6.31%

Valuation & Multiples

P/E Ratio30.53P/E Ratio
PEG-2.55PEG
Price to Sales9.58Price to Sales
Price to Book Ratio3.19Price to Book Ratio
Enterprise Value to Revenue12.75
Enterprise Value to EBIT30.75
Enterprise Value to Net Income142
Total Debt to Enterprise0.28
Debt to Equity1.26Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 5, 2026
EPS Estimate
$1.43
Average shareholder expectation
Revenue Estimate
$480.04 M
Average shareholder expectation

Next Earnings Call

Expected Date
August 4, 2026
EPS Estimate
$1.45
Average shareholder expectation
Revenue Estimate
$485.10 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.7803▲ 25.28%
Total Calls66,900▼ 40.69%
Total Puts52,200▼ 12.27%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %96.39%▼ 3.53%
Total Invested$15.05B▼ 10.70%
Investors Holding614▼ 12.00%

ESG Score

No data

About Essex Property Trust, Inc.

CEO: Michael Schall

Relevant Senate Committees

Joint Committee on Taxation

This committee's role in analyzing and scoring tax legislation, especially regarding corporate tax structures and real estate investments, provides direct insight into policy changes that critically impact REITs like ESS.

Finance

This committee controls taxation and entitlement spending. Tax policy, particularly regarding REIT structure and corporate taxes, has a direct and significant impact on ESS's profitability and valuation.

Banking, Housing, and Urban Affairs

This committee directly regulates the financial system (impacting REIT financing), HUD (influencing housing policy), and real estate markets. Members would have significant non-public material information regarding housing policy and financial regulation.