Stock AnalizEssex Property Trust, Inc. ESS
Real Estate Investment Trusts · IPO 1994 · data as of November 13, 2026
Essex Property Trust, Inc. (ESS) is a real estate company listed in the US with a market value of about $17.6B. In the twelve months to September 30, 2026 it had revenue of $1.9B and net income of $347M, a net margin of 17.8%.
Its overall Stock Analiz score is 2.2 out of 5 (weak). The strongest part is shareholder returns (5/5); the weakest is future growth (1/5).
Key numbers: a P/E of 50.7, a price to free cash flow of 17.9, 5-year revenue growth of 5% a year, a 5-year average ROIC of 9%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 1% above the current price.
Score: 2.2 / 5
Checks passed
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Profit margin improving
- Profitable 5 years in a row
- Positive free cash flow
- Liabilities below 60% of assets
- Pays a dividend
- Share count down over 3 years (buybacks)
Checks not passed
- P/E below 25
- P/E below the industry median
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9B | $1.9B | $1.8B | $1.7B | $1.6B | $1.4B | $1.5B | $1.5B | $1.4B | $1.4B | $1.3B |
| Net income | $347M | $670M | $742M | $406M | $408M | $489M | $569M | $439M | $390M | $433M | $415M |
| Free cash flow | $982M | $243M | $128M | $955M | $954M | $752M | $343M | $785M | $811M | $563M | $401M |
| EPS (diluted) | $5.40 | $10.40 | $11.54 | $6.32 | $6.27 | $7.51 | $8.69 | $6.66 | $5.90 | $6.57 | $6.27 |
| Net margin | 17.8% | 35.5% | 41.8% | 24.3% | 25.4% | 33.9% | 38.0% | 30.1% | 27.9% | 31.8% | 32.1% |
| ROIC | — | 12.7% | 9.9% | 8.4% | 8.1% | 6.2% | 5.8% | 5.2% | 5.0% | 4.5% | 4.0% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 25 analysts is $295.46, 8% above the current price; targets range from $239.00 to $330.00; the consensus rating is “Hold”; expected EPS is $5.53 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Essex Property Trust’s P/E ratio?
About 50.7, based on the last twelve months of diluted earnings per share (forward P/E about 44.1).
Is Essex Property Trust stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 1% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Essex Property Trust pay a dividend?
Yes. The dividend yield is about 3.78%, and it has paid dividends for 10 years in our data.
Is Essex Property Trust a good stock to buy?
We do not give buy or sell advice. Essex Property Trust scores 2.2 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.