ESS
Essex Property TrustPrevious close
264.18
Change
−1.04 / −0.39%
P/E (TTM) ?
41.2
Market Cap
$17.1B
1M
−1.93%
S&P 500 −0.91% over same period
Volume / Avg Volume
908K / 641K
1.42× average
Latest earnings analysisFY2026 Q2Reported 2026-07-29
Essex Property Trust Q2 2026: Core FFO up 1.2%, outlook raised
Essex's quarter splits into two stories: GAAP net income fell 71.8% to $66.9 million, while Core FFO per share — the yardstick REIT investors use — rose 1.2% to $4.08 and beat the guidance midpoint by $0.10. Operations were steady, with same-property revenue up 2.7%, but $55.8 million of legal settlements and a weaker Seattle kept this from being a clean quarter.
Read the full analysis →Revenue$0.00BYoY −99.50%
EPS (non-GAAP)$4.08Beatest. $1.48
Next-day move−5.03%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-29 | $2.3M | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-28 | $2.3M | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-04 | $9.4M | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-29 | $2.4M | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-29 | $2.2M | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-29 | $2.5M | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 93 of its 5-year rangeExpensive
5-year range 19.6 – 42.2 · Median 29.0
Last 4 quarters: $61.9M in buybacks + $0 in dividends, 0.36% of market cap combined
P/E (TTM)
41.2
P/B
3.2
P/S
8.9
Dividend Yield
4.30%
Earnings Reaction
Over the last 6 reports, the stock moved ±2.8% on average on the first trading day after, rising 2 times
Most recent −5.03%
Volatility & Correlation
1-year beta 0.11 · Correlation with S&P 500 0.07Low beta
Annualized volatility 20% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
No open-market buys or sells by officers or directors in the last 90 days.
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q2 | 0.00 | +4.3% | — | — | 0.97 |
| FY2026 Q1 | 0.00 | −7.3% | — | — | 1.65 |
| FY2025 Q4 | 0.00 | −4.7% | — | — | 1.24 |
| FY2025 Q3 | 0.00 | −7.9% | — | — | 2.56 |
| FY2025 Q2 | 0.00 | −13.6% | — | — | 3.44 |
| FY2025 Q1 | 0.00 | −8.1% | — | — | 3.16 |
| FY2024 Q4 | 0.00 | −13.8% | — | — | 4.00 |
| FY2024 Q3 | 0.00 | −8.0% | — | — | 1.84 |
| FY2024 Q2 | 0.00 | −7.4% | — | — | 1.45 |
| FY2024 Q1 | 0.00 | −1.9% | — | — | 4.25 |
| FY2023 Q4 | 0.00 | −0.8% | — | — | 1.03 |
| FY2023 Q3 | 0.00 | −3.5% | — | — | 1.36 |