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ESS

Essex Property Trust, Inc.

ESS

NYSE·Real Estate·REIT - Residential·Mkt cap $17.6B

$298.33

+1.07%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$238.46 - $299.29

P/E

33.52

Fwd P/E

49.89

Beta

0.73

Div Yield

3.76%

Avg Vol

486.8K

Shares Out

64.3M

Mkt Cap

$17.6B

Price action

Price chart

Down 3.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Strategic West Coast market concentration
  • Experienced management team
  • High-quality urban and suburban property portfolio
  • Strong balance sheet and consistent dividend history

Bear Case

2 risks

  • Low volatility (beta 0.7).
  • Premium valuation to Residential REITs peers

Growth

Stable outlook

Continued urban migration trends

Value

Premium valuation to Residential REITs peers

Momentum

Strong

+10.9% over 3m

Quality

Excellent

Strong fundamentals

Dividend

Solid

3.76% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 27, 2026

Q2 26 RECAP

APR 28, 2026

Reported EPS of $1.65 vs $1.43 consensus (+15.4% surprise). Revenue of $482.4M vs $479.9M expected (+0.5%). Beat on both top and bottom lines.

EPS beat +15.4%
Rev beat +0.5%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+15.4%

Next: Apr 27, 2026

Revenue trend · last 8Q

+8%

+9%

+6%

+5%

+6%

+1%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$442.4M

$450.7M

$454.5M

$477.8M

$469.8M

$473.3M

$479.6M

$484.8M

Margins · last 8Q

Gross

70.9%

Operating

32.0%

Profit

21.9%

Wall Street consensus

14 analysts · 36% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

5

36%

Hold

8

57%

Sell

1

7%

Median Price Target

$287.00

-3.8% vs $298.33

Low $272.00
Median $287.00
High $310.00

Latest: Evercore · Jun 8, 2026

9 analysts covering

vs Industry

How ESS stacks vs REIT - Residential

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.