Essex Property Trust, Inc. (ESS): price, analyst ratings, earnings and fundamentals
Updated 16 October 2026, 06:50 ET
Essex Property Trust, Inc. (ESS) closed at $269.66 on 15 October 2026, up 0.1%. The stock is down 0.6% over one month and up 4.0% over one year. It trades 11.1% below its 52-week high of $303.35. Analysts recorded 16 actions in the last 90 days; the median price target of $297 is 10.1% above the last close. The company last reported on 29 July 2026 for Q2 2026: EPS of $4.08 against an estimate of $4.02, a beat of 1.5%, on revenue of $489.0 million.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open ESS in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 16 analyst actions on ESS from 11 firms: 13 maintained or reiterated a view, 1 upgrade, 1 downgrade and 1 initiation. Price targets were 8 raised and 7 lowered. The most recent targets from 15 firms range from $275 to $330, with a median of $297, 10.1% above the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 14 Oct 2026 | UBS | Maintains Neutral | $286.00 to $275.00 |
| 14 Oct 2026 | Barclays | Maintains Equal-Weight | $297.00 to $285.00 |
| 13 Oct 2026 | RBC Capital | Maintains Outperform | $312.00 to $298.00 |
| 12 Oct 2026 | Piper Sandler | Maintains Overweight | $352.00 to $326.00 |
| 21 Sep 2026 | Evercore ISI Group | Maintains Outperform | $303.00 to $299.00 |
| 17 Sep 2026 | Scotiabank | Maintains Sector Outperform | $307.00 to $293.00 |
| 15 Sep 2026 | UBS | Assumes Neutral | $278.00 to $286.00 |
| 8 Sep 2026 | Mizuho | Downgrades to Neutral from Outperform | $308.00 to $295.00 |
| 17 Aug 2026 | Barclays | Maintains Equal-Weight | $296.00 to $297.00 |
| 14 Aug 2026 | JP Morgan | Maintains Underweight | $275.00 to $295.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 27 October 2026 after the close for Q3 2026, with EPS expected at $4.01 on revenue of $492.0 million. Essex Property Trust, Inc. beat the EPS estimate in 8 of its last 8 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q2 2026 | 29 Jul 2026 | $4.02 | $4.08 | +1.49% | $489.0M |
| Q1 2026 | 28 Apr 2026 | $3.96 | $4.06 | +2.53% | $484.8M |
| Q4 2025 | 4 Feb 2026 | $2.48 | $3.98 | +60.48% | $479.6M |
| Q3 2025 | 29 Oct 2025 | $2.68 | $3.97 | +48.13% | $473.3M |
| Q2 2025 | 29 Jul 2025 | $3.99 | $4.03 | +1.00% | $469.8M |
| Q1 2025 | 29 Apr 2025 | $3.92 | $3.97 | +1.28% | $464.6M |
| Q4 2024 | 4 Feb 2025 | $3.90 | $3.92 | +0.51% | $454.5M |
| Q3 2024 | 29 Oct 2024 | $3.88 | $3.91 | +0.77% | $450.7M |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 30 June 2026, Essex Property Trust, Inc. reported revenue of $489.0 million and net income of $66.9 million. On a trailing twelve month basis the company shows revenue growth of 4.74%, a gross margin of 67.90%, an operating margin of 32.55% and a return on equity of 7.99%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $489,049,000 |
| Gross Profit | $345,709,000 |
| Selling, General & Administrative Expenses | $73,149,000 |
| Depreciation & Amortization | $154,073,000 |
| Total Operating Expenses | $379,676,000 |
| Operating Profit | $109,373,000 |
| Interest Expense | $66,835,000 |
| Net Income | $66,929,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | $254,063,000 |
| Stock-based Compensation | $2,892,000 |
| Cash from Investing Activities | $62,514,000 |
| Cash from Financing Activities | -$297,643,000 |
| Share Repurchases | $11,700,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $58,327,000 |
| Restricted Cash | $8,017,000 |
| Operating Lease Right-of-Use Assets | $49,077,000 |
| Goodwill Intangible Assets, Net | $7,500,000 |
| Total Assets | $12,898,302,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Long-term Debt | $6,386,526,000 |
| Operating Lease Liabilities, Long-term | $49,753,000 |
| Minority Interest | $162,443,000 |
| Total Liabilities | $7,385,413,000 |
| Common Stock | $6,000 |
| Additional Paid In Capital | $6,626,545,000 |
| Other Accumulated Comprehensive Income | $9,124,000 |
| Total Stockholders Equity | $5,323,073,000 |
| Total Liability & Stockholders Equity | $12,898,302,000 |
Figures as filed with the SEC for the period ended 30 June 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.50 | 86th | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 1.20 | 80th | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Degree of Combined Leverage | -12.85 | 8th | This ratio summarizes the combined effect that the degree of operating leverage (DOL) and the degree of financial leverage have on earnings per share (EPS), given a particular change in sales |
| Degree of Financial Leverage | 1.72 | 88th | Calculated as the ratio of Percentage change in EPS / Percentage change in EBIT. A higher degree of financial leverage means that the company has more volatile EPS. |
| Degree of Operational Leverage | -7.46 | 10th | Calculated as the ratio of Percentage change in EBIT / Percentage change in revenue. It is a measure of how earnings for the company is impacted by its sales activity. |
| Long Term Debt/Long Term Capital | 0.55 | 67th | Calculated as Long-Term Debt / (Long-Term Debt + Shareholders' Equity). The ratio is an indicator of the company's leverage |
Earnings Growth (EBIT)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| EBIT Pct Growth | -35.4% | 72nd | The EBIT growth rate over the trailing twelve months (TTM) |
| EBIT Pct Growth 3 year CAGR | -2.6% | 38th | The EBIT compound annual growth rate (CAGR) over the past 3 years |
| EBIT Pct Growth 5 year CAGR | 3.4% | 77th | The Adjusted EBIT compound annual growth rate (CAGR) over the past 5 years |
Earnings Growth (EBITDA)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| EBITDA Pct Growth | -20.9% | 76th | The EBITDA growth rate over the trailing twelve months (TTM) |
| EBITDA Pct Growth 3 year CAGR | 1.4% | 57th | The EBITDA compound annual growth rate (CAGR) over the past 3 years |
| EBITDA Pct Growth 5 year CAGR | 18.3% | 12th | The EBITDA compound annual growth rate (CAGR) over the past 5 years |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Gross Margin Pct | 67.9% | 80th | Calculated as the ratio of Revenue - Cost of Goods Sold (COGS) / Revenue. The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company. |
| Operating Margin Pct | 32.5% | 90th | Calculated as the ratio of (Revenue - (Cost of Goods Sold + Labour + Sales, General & Administrative)) / Revenue. Operating margins are important because they measure efficiency. The higher the operating margin, the more profitable a company's core business is. |
| Operating Profit Pct Growth | -35.4% | 20th | The Operating Profit growth rate over the trailing twelve months (TTM) |
| Operating Profit Pct Growth 3 year CAGR (FY) | -2.6% | 41st | The Operating Profit compound annual growth rate (CAGR) over the past 3 years |
| Operating Profit Pct Growth 5 year CAGR (FY) | 3.4% | 52nd | The Operating Profit compound annual growth rate (CAGR) over the past 5 years |
| Return on Assets Pct | 3.4% | 73rd | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
| Return on Equity Pct | 8.0% | 61st | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth | -49.8% | 16th | The Net Income growth rate over the trailing twelve months (TTM) |
| Net Income Pct Growth 3 year CAGR | -7.9% | 36th | The Net Income compound annual growth rate (CAGR) over the past 3 years |
| Net Income Pct Growth 5 year CAGR | 0.5% | 45th | The Net Income compound annual growth rate (CAGR) over the past 5 years |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Operating Cashflow Pct Growth | 8.3% | 52nd | The Operating Cashflow growth rate over the trailing twelve months (TTM) |
| Operating Cashflow Pct Growth 3 year CAGR (FY) | 5.4% | 52nd | The Operating Cashflow compound annual growth rate (CAGR) over the past 3 years |
| Operating Cashflow Pct Growth 5 year CAGR (FY) | 6.8% | 59th | The Operating Cashflow compound annual growth rate (CAGR) over the past 5 years |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | 4.7% | 46th | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | 5.2% | 51st | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | 6.0% | 46th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open ESS in FundSpec.
Insider activity
No insider transaction was filed in the last 90 days; the most recent is from 27 May 2026.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 27 May 2026 | Mary Kasaris | Director | S | 600 | $279.45 | $168K |
| 12 May 2026 | Keith R Guericke | Director | Acquisition | 633 | ||
| 12 May 2026 | George M Marcus | Director | Acquisition | 1,117 | ||
| 12 May 2026 | Amal M Johnson | Director | Acquisition | 633 | ||
| 12 May 2026 | Maria R Hawthorne | Director | Acquisition | 633 | ||
| 12 May 2026 | John V Arabia | Director | Acquisition | 633 | ||
| 12 May 2026 | Mary Kasaris | Director | Acquisition | 633 | ||
| 12 May 2026 | Anne B Gust | Director | Acquisition | 633 | ||
| 12 May 2026 | Irving F Iii Lyons | Director | Acquisition | 633 | ||
| 18 Feb 2026 | Angela L. Kleiman | President and CEO | F | 481 | $256.18 | $123K |
| 18 Feb 2026 | Barbara Pak | Executive Vice President & CFO | F | 206 | $256.18 | $53K |
| 18 Feb 2026 | Rylan Burns | EVP & Chief Investment Officer | F | 121 | $256.18 | $31K |
| 18 Feb 2026 | Anne Morrison | EVP, CAO & General Counsel | F | 89 | $256.18 | $23K |
| 18 Feb 2026 | Brennan Mcgreevy | GVP and CAO | F | 24 | $256.18 | $6K |
| 6 Feb 2026 | Angela L. Kleiman | President and CEO | F | 473 | $258.06 | $122K |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 30 July 2026.
| Filed | Form | Document |
|---|---|---|
| 30 Jul 2026 | 10-Q | View on sec.gov |
| 29 Apr 2026 | 10-Q | View on sec.gov |
| 20 Feb 2026 | 10-K | View on sec.gov |
| 30 Oct 2025 | 10-Q | View on sec.gov |
| 30 Jul 2025 | 10-Q | View on sec.gov |
| 30 Apr 2025 | 10-Q | View on sec.gov |
| 21 Feb 2025 | 10-K | View on sec.gov |
| 30 Oct 2024 | 10-Q | View on sec.gov |
| 31 Jul 2024 | 10-Q | View on sec.gov |
| 1 May 2024 | 10-Q | View on sec.gov |
Company profile
- Exchange
- NYSE
- Sector
- REITs and Investment Holdings
- Industry
- Trading
- Headquarters
- SAN MATEO, California
- Chief executive
- Michael J. Schall
- Employees
- 1,770
- Website
- essexapartmenthomes.com
- SEC CIK
- 0000920522
Essex Property Trust, Inc. acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities, with an additional 6 properties in various stages of development.
Sector and peers
Essex Property Trust, Inc. is part of the REITs and Investment Holdings sector, which FundSpec tracks across 179 companies.
Companies in the same industry by market capitalization:
WELL Welltower Inc.PLD Prologis, Inc.EQIX Equinix Inc.AMT American Tower Corp.SPG Simon Property Group Inc.DLR Digital Realty Trust, Inc.PSA Public StorageO Realty Income Corp.
Put two of them side by side in Compare.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for ESS are available to subscribers, with the same screen in the iOS and Android apps.
Open ESS in FundSpec