Essex Property Trust
ESS NYSE· Multi-Family Residential REITs
Last close · Oct 26, 2026
$275.30
KIRA · Stoqly’s AI analyst, in plain words
- Essex Property Trust had $1.9B of revenue in fiscal 2025, up 6.4% on the year before. Over five years, revenue changed +4.8% a year on average.
- Its operating margin was 47.7%, up 8.0 pts: of every 100 in sales, about 48 is left after running the business.
- Essex Property Trust made $703M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 5.8% a year.
- Essex Property Trust returned $654M to shareholders in fiscal 2025. The diluted share count rose 0.2%.
Market cap
$17.7B
P/E
42.8x
Revenue
$1.9B
Net income
$703M
Free cash flow
—
Operating margin
47.7%
Essex Property Trust in 30 seconds · fiscal 2025
Are sales growing?
+6.4%
Yes. Sales grew 6.4% last year.
Does it make a profit?
37.2%
Yes. It keeps 37.2% of every sale as profit.
How is the share priced?
42.8x
One share costs 42.8 times its yearly profit per share. Typical for its sector: 27.8x.
What Essex Property Trust does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 20, 2026
- Legal name
- ESSEX PROPERTY TRUST, INC.
- CIK
- 0000920522
Essex Property Trust · ESS
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $1.4B | $1.6B | $1.7B | $1.8B | $1.9B |
| Revenue growth | −3.7% | 11.5% | 3.9% | 6.3% | 6.4% |
| Gross margin | — | 70.2% | 70.1% | 70.0% | 69.9% |
| Operating margin | 36.8% | 37.0% | 35.0% | 39.6% | 47.7% |
| Net income | $516M | $433M | $431M | $811M | $703M |
| Net margin | 35.8% | 27.0% | 25.8% | 45.7% | 37.2% |
| Diluted EPS | $7.51 | $6.27 | $6.32 | $11.54 | $10.40 |
| Cash | |||||
| Cash from operations | $905M | $976M | $980M | $1.1B | $1.1B |
| Dividends paid | $543M | $566M | $587M | $621M | $654M |
| Share buybacks | $9.2M | $190M | $95.7M | $0.0M | $0.0M |
| Share count change | −0.7% | 0.0% | −1.3% | 0.0% | 0.2% |
| Debt and strength | |||||
| Cash and short-term investments | $58.6M | $42.7M | $400M | $66.8M | $76.2M |
| Shareholders' equity | $6.0B | $5.7B | $5.4B | $5.5B | $5.5B |
| Interest coverage | 2.6x | 2.9x | 2.7x | 3.0x | 3.5x |
| Returns and quality | |||||
| Return on equity | 8.6% | 7.4% | 7.7% | 14.8% | 12.7% |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.2M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Essex Property Trust · ESS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Essex Property Trust ESS | $17.7B | 6.4% | 47.7% | — | — | 42.8x | — |
| UDR UDR | $11.8B | 2.4% | 32.3% | — | 6.0% | 24.4x | — |
| Mid-America Apartment Commun... MAA | $14.0B | 0.8% | — | — | 5.7% | 36.2x | — |
| Camden Property Trust CPT | $10.4B | 1.9% | — | 24.5% | 6.3% | 33.8x | — |
| Vivmark Residential VMRK | $24.1B | 3.8% | — | — | 7.6% | 27.2x | — |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $275.30 a share, the company is worth $17.7B: 42.8 times its earnings of the last four quarters.
Essex Property Trust grew sales faster than 4 of its 4 similar companies. Its P/E is higher than 4 of 4.
Source: SEC EDGAR XBRL filings (CIK 0000920522). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.