ESS

Essex Property TrustNYSE · Multi-Family Residential REITs · Real Estate

Previous close

271.34

Change

−4.71 / −1.71%

FinDog View

Neutral

52-Week Range

238.46 – 303.35

P/E (TTM)

42.9

Forward P/E

46.2

Based on consensus earnings for the next 12 months

Market Cap

$17.4B

−4.14%

S&P 500 −2.41% over same period

Volume / Avg Volume

554K / 491K

1.13× average

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 31.71M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q2 Quarter ended 2026-06	2026-07-29	$2.3M	4.08 / 1.48	−5.03%	Pending
FY2026 Q1 Quarter ended 2026-03	2026-04-28	$2.3M	4.06 / 1.41	−1.10%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-02-04	—	— / —	−0.43%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-10-29	—	— / —	+1.07%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-29	—	— / —	−7.64%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-04-29	—	— / —	+1.45%	Pending

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 98 of its 5-year rangeExpensive

5-year range 19.6 – 39.0 · Median 28.5

Last 4 quarters: $61.9M in buybacks + $0 in dividends, 0.36% of market cap combined

P/E (TTM)

42.9

P/B

3.3

P/S

9.2

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 0.14 · Correlation with S&P 500 0.09Low 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	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q2	+4.3%	—	0.11	—	0.25	0.97
FY2026 Q1	−7.3%	—	0.16	—	0.29	1.65
FY2025 Q4	−4.7%	—	0.15	—	0.23	1.24
FY2025 Q3	−7.9%	—	0.21	—	0.34	2.56
FY2025 Q2	−13.6%	—	0.28	—	0.22	3.44
FY2025 Q1	−8.1%	—	0.26	—	0.28	3.16
FY2024 Q4	−13.8%	—	0.30	—	0.22	4.00
FY2024 Q3	−8.0%	—	0.13	—	0.32	1.84
FY2024 Q2	−7.4%	—	0.14	—	0.22	1.45
FY2024 Q1	−1.9%	—	0.13	—	0.31	4.25
FY2023 Q4	−0.8%	—	0.13	—	0.20	1.03
FY2023 Q3	−3.5%	—	0.13	—	0.29	1.36

Peers

Largest by market cap in the sector · Latest quarterView Real Estate sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
ESS	Essex Property Trust	$17.4B	42.9	+4.3%	—	−4.14%	Neutral
WELL	Welltower	$170B	109.5	+49.1%	26.1%	−0.34%	Neutral	Compare
PLD	Prologis	$130B	31.2	+7.4%	—	−4.89%	Neutral	Compare
EQIX	Equinix	$100B	64.8	+16.4%	53.1%	−7.42%	Neutral	Compare
AMT	American Tower	$82.2B	24.4	−13.4%	—	+2.42%	Neutral	Compare
DLR	Digital Realty	$67.2B	82.6	+16.2%	—	−8.51%	Neutral	Compare
SPG	Simon Property Group	$65.7B	14.3	+19.5%	—	−8.45%	Neutral	Compare
O	Realty Income	$54.1B	43.8	+9.7%	—	−8.41%	Neutral	Compare
PSA	Public Storage	$55.1B	27.1	+2.6%	—	−9.14%	Neutral	Compare