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Essex Property Trust Inc (ESS)



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Upturn Advisory Summary
08/14/2025: ESS (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $300.31
1 Year Target Price $300.31
3 | Strong Buy |
6 | Buy |
16 | Hold |
1 | Sell |
1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 0.72% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 17.70B USD | Price to earnings Ratio 20.59 | 1Y Target Price 300.31 |
Price to earnings Ratio 20.59 | 1Y Target Price 300.31 | ||
Volume (30-day avg) 27 | Beta 0.81 | 52 Weeks Range 241.65 - 310.81 | Updated Date 08/14/2025 |
52 Weeks Range 241.65 - 310.81 | Updated Date 08/14/2025 | ||
Dividends yield (FY) 3.88% | Basic EPS (TTM) 12.44 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-07-28 | When Before Market | Estimate 1.53 | Actual 3.44 |
Profitability
Profit Margin 42.39% | Operating Margin (TTM) 33.94% |
Management Effectiveness
Return on Assets (TTM) 2.95% | Return on Equity (TTM) 15.12% |
Valuation
Trailing PE 20.59 | Forward PE 49.75 | Enterprise Value 23335131612 | Price to Sales(TTM) 9.37 |
Enterprise Value 23335131612 | Price to Sales(TTM) 9.37 | ||
Enterprise Value to Revenue 12.69 | Enterprise Value to EBITDA 13.59 | Shares Outstanding 64404000 | Shares Floating 63810217 |
Shares Outstanding 64404000 | Shares Floating 63810217 | ||
Percent Insiders 1.16 | Percent Institutions 103.28 |
Upturn AI SWOT
Essex Property Trust Inc

Company Overview
History and Background
Essex Property Trust Inc. was founded in 1971 and is a self-administered and self-managed real estate investment trust (REIT) focused on acquiring, developing, redeveloping, and managing apartment communities in supply-constrained West Coast markets. Initially, it focused on acquiring properties and has grown through strategic acquisitions and development.
Core Business Areas
- Apartment Ownership and Management: Acquisition, development, redevelopment, and management of apartment communities primarily on the West Coast.
Leadership and Structure
Essex Property Trust Inc. has a Board of Directors and an executive management team led by the CEO. The organizational structure involves departments for property management, acquisitions, development, finance, and investor relations.
Top Products and Market Share
Key Offerings
- Apartment Rentals: Essex Property Trust's primary offering is renting apartment units. They hold around 60,000 units. Market share is based upon West Coast apartment rental market. Competitors include AvalonBay Communities (AVB) and Equity Residential (EQR).
Market Dynamics
Industry Overview
The apartment REIT industry is driven by demographics, employment growth, and housing affordability. It is influenced by interest rates, construction costs, and regulatory policies.
Positioning
Essex Property Trust is a leading West Coast apartment REIT, known for its focus on high-growth markets and affluent renter demographics. Its competitive advantage lies in its market expertise and operational efficiency.
Total Addressable Market (TAM)
The total market value for the West Coast apartment rental market is estimated to be several hundred billion dollars. Essex Property Trust is positioned to capture a portion of this market through its strategic focus.
Upturn SWOT Analysis
Strengths
- Strong presence in high-growth West Coast markets
- Experienced management team
- High-quality apartment portfolio
- Strong financial performance
Weaknesses
- Geographic concentration (West Coast dependence)
- Exposure to economic downturns in specific markets
- High operating costs due to locations
Opportunities
- Acquisitions and development opportunities in existing markets
- Expansion into new West Coast markets
- Increasing rents due to housing shortages
- Technological improvements in property management
Threats
- Economic downturns and job losses
- Increased competition from new developments
- Rising interest rates
- Rent control regulations
Competitors and Market Share
Key Competitors
- AVB
- EQR
- UDR
- MAA
- IRM
Competitive Landscape
Essex Property Trust competes with other REITs and private apartment owners. Its advantages include its strong West Coast presence. Its disadvantages are its geographic concentration.
Major Acquisitions
Post Apartment Homes
- Year: 2016
- Acquisition Price (USD millions): 1600
- Strategic Rationale: Expanded Essex's presence in the Seattle market and increased its portfolio of high-quality apartment communities.
Growth Trajectory and Initiatives
Historical Growth: Essex Property Trust has grown through acquisitions, developments, and rent increases. Specific growth rates would require historical financial data.
Future Projections: Analyst estimates would need to be sourced from financial databases. This includes revenue and earnings growth rates.
Recent Initiatives: Recent initiatives would include acquisitions of properties and developments on the West Coast. Specifics are available in press releases and investor presentations.
Summary
Essex Property Trust is a strong REIT with a focus on the West Coast apartment market. Its focus on high-growth markets and affluent demographics is working well. It needs to look out for economic downturns and increased competition in its markets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q), Investor Presentations, Press Releases, Financial News Outlets, Market Research Reports, REIT Industry Analysis
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Market share data are estimates. Financial performance data is illustrative and requires up-to-date financials.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Essex Property Trust Inc
Exchange NYSE | Headquaters San Mateo, CA, United States | ||
IPO Launch date 1994-06-06 | President, CEO & Director Ms. Angela L. Kleiman | ||
Sector Real Estate | Industry REIT - Residential | Full time employees 1712 | |
Full time employees 1712 |
Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 257 apartment communities comprising over 62,000 apartment homes with an additional property in active development.

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