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Essex Property Trust, Inc.

ESSReal EstateNASDAQ

REIT - Residential · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$1.89B
+6.4% YoY
Net Income
$669.7M
-9.7% YoY
EBITDA
$1.57B
-3.6% YoY
Free Cash Flow
$983.0M

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About Essex Property Trust, Inc.

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust. Valued at $19.13B, ESS is a large-cap name in its sector. The firm acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets.

Key stats
Market Cap$19.13B
P/E (TTM)31.26
Fwd P/E46.92
EPS$8.88
Beta0.73
52W Change-1.8%
Dividend Yield3.73%
ROE10.6%
Analysis

On the balance sheet, ESS has $41.7M in cash with $6.86B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Annual free cash flow of $983.0M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 10.6%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 3.2% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $1.61B to $1.89B.

Essex Property Trust, Inc. carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Essex Property Trust, Inc.'s trajectory.

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