ESSEX PROPERTY TRUST INC (ESS) Stock Fundamental Analysis

NYSE:ESS • US2971781057

258.4 USD
+3.07 (+1.2%)
At close: Feb 24, 2026
258.71 USD
+0.31 (+0.12%)
After Hours: 2/24/2026, 8:23:55 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

ESS gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 20 industry peers in the Residential REITs industry. While ESS has a great profitability rating, there are quite some concerns on its financial health. ESS is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • ESS had positive earnings in the past year.
  • ESS had a positive operating cash flow in the past year.
  • Each year in the past 5 years ESS has been profitable.
  • Of the past 5 years ESS 4 years had a positive operating cash flow.
ESS Yearly Net Income VS EBIT VS OCF VS FCFESS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M 1B

1.2 Ratios

  • ESS has a Return On Assets of 6.44%. This is amongst the best in the industry. ESS outperforms 85.00% of its industry peers.
  • ESS's Return On Equity of 15.03% is amongst the best of the industry. ESS outperforms 90.00% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 3.60%, ESS belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
  • ESS had an Average Return On Invested Capital over the past 3 years of 3.48%. This is in line with the industry average of 2.59%.
  • The last Return On Invested Capital (3.60%) for ESS is above the 3 year average (3.48%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6.44%
ROE 15.03%
ROIC 3.6%
ROA(3y)4.7%
ROA(5y)4.23%
ROE(3y)10.99%
ROE(5y)9.65%
ROIC(3y)3.48%
ROIC(5y)3.24%
ESS Yearly ROA, ROE, ROICESS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • ESS has a Profit Margin of 45.46%. This is amongst the best in the industry. ESS outperforms 95.00% of its industry peers.
  • In the last couple of years the Profit Margin of ESS has remained more or less at the same level.
  • Looking at the Operating Margin, with a value of 30.96%, ESS belongs to the top of the industry, outperforming 95.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ESS has grown nicely.
  • ESS's Gross Margin of 70.42% is amongst the best of the industry. ESS outperforms 100.00% of its industry peers.
  • In the last couple of years the Gross Margin of ESS has remained more or less at the same level.
Industry RankSector Rank
OM 30.96%
PM (TTM) 45.46%
GM 70.42%
OM growth 3Y0.51%
OM growth 5Y2.03%
PM growth 3Y11.77%
PM growth 5Y-1.38%
GM growth 3Y-0.25%
GM growth 5Y-0.05%
ESS Yearly Profit, Operating, Gross MarginsESS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ESS is destroying value.
  • Compared to 1 year ago, ESS has more shares outstanding
  • ESS has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, ESS has a worse debt to assets ratio.
ESS Yearly Shares OutstandingESS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
ESS Yearly Total Debt VS Total AssetsESS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • ESS has an Altman-Z score of 1.47. This is a bad value and indicates that ESS is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.47, ESS is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
  • A Debt/Equity ratio of 1.18 is on the high side and indicates that ESS has dependencies on debt financing.
  • The Debt to Equity ratio of ESS (1.18) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.18
Debt/FCF N/A
Altman-Z 1.47
ROIC/WACC0.51
WACC7.03%
ESS Yearly LT Debt VS Equity VS FCFESS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 0.59 indicates that ESS may have some problems paying its short term obligations.
  • ESS's Current ratio of 0.59 is in line compared to the rest of the industry. ESS outperforms 55.00% of its industry peers.
  • A Quick Ratio of 0.32 indicates that ESS may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.32, ESS is in line with its industry, outperforming 55.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.59
Quick Ratio 0.32
ESS Yearly Current Assets VS Current LiabilitesESS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • ESS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.16%, which is quite good.
  • The Earnings Per Share has been growing by 13.00% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 6.36% in the past year.
  • The Revenue has been growing slightly by 4.76% on average over the past years.
EPS 1Y (TTM)18.16%
EPS 3Y18.35%
EPS 5Y13%
EPS Q2Q%-1.57%
Revenue 1Y (TTM)6.36%
Revenue growth 3Y5.51%
Revenue growth 5Y4.76%
Sales Q2Q%5.59%

3.2 Future

  • Based on estimates for the next years, ESS will show a decrease in Earnings Per Share. The EPS will decrease by -6.14% on average per year.
  • The Revenue is expected to grow by 2.64% on average over the next years.
EPS Next Y-41.24%
EPS Next 2Y-20.46%
EPS Next 3Y-12.1%
EPS Next 5Y-6.14%
Revenue Next Year3.75%
Revenue Next 2Y3.55%
Revenue Next 3Y4.07%
Revenue Next 5Y2.64%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ESS Yearly Revenue VS EstimatesESS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 500M 1B 1.5B 2B
ESS Yearly EPS VS EstimatesESS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2 4 6 8 10

More info and screens

Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 24.82 indicates a rather expensive valuation of ESS.
  • Based on the Price/Earnings ratio, ESS is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
  • ESS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.98, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 42.24, ESS can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, ESS is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.01, ESS is valued quite expensively.
Industry RankSector Rank
PE 24.82
Fwd PE 42.24
ESS Price Earnings VS Forward Price EarningsESS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ESS is valued a bit more expensive than the industry average as 75.00% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.54
ESS Per share dataESS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80

4.3 Compensation for Growth

  • ESS has an outstanding profitability rating, which may justify a higher PE ratio.
  • ESS's earnings are expected to decrease with -12.10% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.91
EPS Next 2Y-20.46%
EPS Next 3Y-12.1%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • ESS has a Yearly Dividend Yield of 4.04%, which is a nice return.
  • Compared to an average industry Dividend Yield of 42.55, ESS is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.81, ESS pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.04%

5.2 History

  • The dividend of ESS has a limited annual growth rate of 4.65%.
  • ESS has been paying a dividend for at least 10 years, so it has a reliable track record.
  • ESS has decreased its dividend recently.
Dividend Growth(5Y)4.65%
Div Incr Years1
Div Non Decr Years1
ESS Yearly Dividends per shareESS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8 10

5.3 Sustainability

  • 76.31% of the earnings are spent on dividend by ESS. This is not a sustainable payout ratio.
  • ESS's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP76.31%
EPS Next 2Y-20.46%
EPS Next 3Y-12.1%
ESS Yearly Income VS Free CF VS DividendESS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M
ESS Dividend Payout.ESS Dividend Payout, showing the Payout Ratio.ESS Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

ESSEX PROPERTY TRUST INC

NYSE:ESS (2/24/2026, 8:23:55 PM)

After market: 258.71 +0.31 (+0.12%)

258.4

+3.07 (+1.2%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-04
Earnings (Next)04-27
Inst Owners103.27%
Inst Owner Change-1.66%
Ins Owners1.16%
Ins Owner Change3.42%
Market Cap16.65B
Revenue(TTM)1.89B
Net Income(TTM)846.55M
Analysts64.52
Price Target287.12 (11.11%)
Short Float %2.28%
Short Ratio2.54
Dividend
Industry RankSector Rank
Dividend Yield 4.04%
Yearly Dividend9.66
Dividend Growth(5Y)4.65%
DP76.31%
Div Incr Years1
Div Non Decr Years1
Ex-Date01-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)101.54%
Min EPS beat(2)73.1%
Max EPS beat(2)129.99%
EPS beat(4)3
Avg EPS beat(4)79.27%
Min EPS beat(4)-9.12%
Max EPS beat(4)129.99%
EPS beat(8)6
Avg EPS beat(8)68.85%
EPS beat(12)9
Avg EPS beat(12)61.22%
EPS beat(16)11
Avg EPS beat(16)49.46%
Revenue beat(2)0
Avg Revenue beat(2)-1.43%
Min Revenue beat(2)-1.67%
Max Revenue beat(2)-1.19%
Revenue beat(4)0
Avg Revenue beat(4)-1.03%
Min Revenue beat(4)-1.67%
Max Revenue beat(4)-0.4%
Revenue beat(8)2
Avg Revenue beat(8)-0.39%
Revenue beat(12)2
Avg Revenue beat(12)-0.6%
Revenue beat(16)5
Avg Revenue beat(16)-0.3%
PT rev (1m)-0.28%
PT rev (3m)-1.5%
EPS NQ rev (1m)0.53%
EPS NQ rev (3m)0.17%
EPS NY rev (1m)1.06%
EPS NY rev (3m)1.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.21%
Revenue NY rev (1m)0.2%
Revenue NY rev (3m)-0.15%
Valuation
Industry RankSector Rank
PE 24.82
Fwd PE 42.24
P/S 8.94
P/FCF N/A
P/OCF 15.73
P/B 2.96
P/tB 2.96
EV/EBITDA 19.54
EPS(TTM)10.41
EY4.03%
EPS(NY)6.12
Fwd EY2.37%
FCF(TTM)-2.23
FCFYN/A
OCF(TTM)16.43
OCFY6.36%
SpS28.9
BVpS87.39
TBVpS87.39
PEG (NY)N/A
PEG (5Y)1.91
Graham Number143.07
Profitability
Industry RankSector Rank
ROA 6.44%
ROE 15.03%
ROCE 4.56%
ROIC 3.6%
ROICexc 3.62%
ROICexgc 3.62%
OM 30.96%
PM (TTM) 45.46%
GM 70.42%
FCFM N/A
ROA(3y)4.7%
ROA(5y)4.23%
ROE(3y)10.99%
ROE(5y)9.65%
ROIC(3y)3.48%
ROIC(5y)3.24%
ROICexc(3y)3.53%
ROICexc(5y)3.27%
ROICexgc(3y)3.53%
ROICexgc(5y)3.28%
ROCE(3y)4.4%
ROCE(5y)4.1%
ROICexgc growth 3Y2.98%
ROICexgc growth 5Y5.95%
ROICexc growth 3Y3.01%
ROICexc growth 5Y5.95%
OM growth 3Y0.51%
OM growth 5Y2.03%
PM growth 3Y11.77%
PM growth 5Y-1.38%
GM growth 3Y-0.25%
GM growth 5Y-0.05%
F-Score7
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 1.18
Debt/FCF N/A
Debt/EBITDA 5.65
Cap/Depr 199.48%
Cap/Sales 64.56%
Interest Coverage 2.35
Cash Conversion 89.76%
Profit Quality N/A
Current Ratio 0.59
Quick Ratio 0.32
Altman-Z 1.47
F-Score7
WACC7.03%
ROIC/WACC0.51
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)18.16%
EPS 3Y18.35%
EPS 5Y13%
EPS Q2Q%-1.57%
EPS Next Y-41.24%
EPS Next 2Y-20.46%
EPS Next 3Y-12.1%
EPS Next 5Y-6.14%
Revenue 1Y (TTM)6.36%
Revenue growth 3Y5.51%
Revenue growth 5Y4.76%
Sales Q2Q%5.59%
Revenue Next Year3.75%
Revenue Next 2Y3.55%
Revenue Next 3Y4.07%
Revenue Next 5Y2.64%
EBIT growth 1Y8.93%
EBIT growth 3Y6.05%
EBIT growth 5Y6.89%
EBIT Next Year108.85%
EBIT Next 3Y31.41%
EBIT Next 5YN/A
FCF growth 1Y-194.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y0.46%
OCF growth 3YN/A
OCF growth 5YN/A

ESSEX PROPERTY TRUST INC / ESS FAQ

What is the fundamental rating for ESS stock?

ChartMill assigns a fundamental rating of 4 / 10 to ESS.


What is the valuation status for ESS stock?

ChartMill assigns a valuation rating of 2 / 10 to ESSEX PROPERTY TRUST INC (ESS). This can be considered as Overvalued.


How profitable is ESSEX PROPERTY TRUST INC (ESS) stock?

ESSEX PROPERTY TRUST INC (ESS) has a profitability rating of 8 / 10.


Can you provide the expected EPS growth for ESS stock?

The Earnings per Share (EPS) of ESSEX PROPERTY TRUST INC (ESS) is expected to decline by -41.24% in the next year.


Is the dividend of ESSEX PROPERTY TRUST INC sustainable?

The dividend rating of ESSEX PROPERTY TRUST INC (ESS) is 5 / 10 and the dividend payout ratio is 76.31%.