E 
Essex Property Trust ESS · USD
Real Estate · Equity Real Estate Investment Trusts (REITs) · US listing · 🇺🇸 United States
S&P 500
275.54
+1.23%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in USD, from our data supplier.
Revenue
$1.90bn
FY2016FY2025
Net income
$672.5m
FY2016FY2025
Free cash flow
$934.1m
FY2016FY2025
Shareholders' equity
$5.54bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.90bn | $1.77bn | $1.67bn | $1.61bn | $1.44bn | $1.50bn | $1.46bn | $1.40bn | $1.36bn | $1.29bn |
| Research and development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating income | $834.0m | $857.7m | $584.3m | $595.2m | $530.0m | $660.3m | $652.2m | $709.5m | $671.2m | $613.1m |
| Net income | $672.5m | $741.5m | $405.8m | $408.3m | $488.6m | $568.9m | $439.3m | $390.2m | $433.1m | $415.0m |
| Diluted earnings per share | 10.43 | 11.54 | 6.32 | 6.31 | 7.48 | 8.73 | 6.64 | 5.90 | 6.55 | 6.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $13.16bn | $12.93bn | $12.36bn | $12.37bn | $13.00bn | $12.94bn | $12.71bn | $12.38bn | $12.50bn | $12.22bn |
| Cash and short-term investments | $183.7m | $136.6m | $479.5m | $146.0m | $250.5m | $231.8m | $214.3m | $360.9m | $251.1m | $309.5m |
| Total liabilities | $7.42bn | $7.18bn | $6.74bn | $6.45bn | $6.79bn | $6.72bn | $6.26bn | $5.95bn | $6.06bn | $5.88bn |
| Debt | $6.80bn | $6.60bn | $6.21bn | $5.96bn | $6.29bn | $6.25bn | $5.81bn | $5.61bn | $5.69bn | $5.56bn |
| Shareholders' equity | $5.54bn | $5.54bn | $5.42bn | $5.72bn | $6.21bn | $6.22bn | $6.22bn | $6.43bn | $6.44bn | $6.34bn |
| Shares outstanding | 64m | 64m | 64m | 65m | 65m | 65m | 66m | 66m | 66m | 66m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $1.07bn | $1.07bn | $980.1m | $975.6m | $905.3m | $803.1m | $919.1m | $826.6m | $766.2m | $712.5m |
| Capital spending | −$140.3m | −$136.4m | −$140.4m | −$163.2m | −$121.2m | −$90.1m | −$101.7m | −$81.7m | −$71.0m | −$60.0m |
| Free cash flow | $934.1m | $931.9m | $839.7m | $812.5m | $784.1m | $713.0m | $817.4m | $744.9m | $695.2m | $652.5m |
| Dividends paid | −$654.1m | −$620.5m | −$587.0m | −$565.9m | −$542.9m | −$536.1m | −$528.5m | −$484.2m | −$450.6m | −$411.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $489.0m | $484.8m | $479.6m | $473.3m | $469.8m | $477.8m | $454.5m | $462.3m |
| Operating income | $133.8m | $155.2m | $145.5m | $210.5m | $279.7m | $257.1m | $304.5m | $128.8m |
| Net income | $62.5m | $106.2m | $83.4m | $164.6m | $221.4m | $203.1m | $257.5m | $118.4m |
| Diluted earnings per share | 0.97 | 1.65 | 1.29 | 2.55 | 3.43 | 3.15 | 4.01 | 1.84 |
| Cash from operations | $254.0m | $287.0m | $234.0m | $342.0m | $216.0m | $281.0m | $218.0m | $316.0m |
| Capital spending | −$19.0m | −$19.0m | −$39.0m | −$36.0m | −$36.0m | −$27.0m | −$38.0m | −$36.0m |
| Free cash flow | $235.0m | $268.0m | $195.0m | $306.0m | $180.0m | $254.0m | $180.0m | $280.0m |
| Total assets | $12.90bn | $13.10bn | $13.16bn | $13.15bn | $13.18bn | $13.19bn | $12.93bn | $12.65bn |
| Cash and short-term investments | $158.5m | $47.4m | $183.7m | $150.1m | $140.8m | $174.7m | $136.6m | $146.5m |
| Debt | $6.80bn | $7.35bn | $7.35bn | $6.91bn | $7.12bn | $7.43bn | $6.74bn | $6.37bn |
| Shareholders' equity | $5.32bn | $5.44bn | $5.54bn | $5.63bn | $5.64bn | $5.57bn | $5.54bn | $5.43bn |
Financial ratios
Data as of 29 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 43.9% | 48.3% | 35.0% | 37.0% | 36.8% | 44.1% | — | — |
| Net margin | 35.4% | 41.8% | 24.3% | 25.4% | 33.9% | 38.0% | — | — |
| Return on equity | 12.1% | 13.4% | 7.5% | 7.1% | 7.9% | 9.2% | — | — |
| Return on assets | 5.1% | 5.7% | 3.3% | 3.3% | 3.8% | 4.4% | — | — |
| Free cash flow yield | 6.9% | 6.9% | 6.4% | 6.4% | 5.8% | 5.0% | — | — |
| Revenue growth | 7.1% | 6.3% | 3.9% | 11.5% | -3.7% | 2.4% | — | — |
| Earnings growth | -9.3% | 82.7% | -0.6% | -16.4% | -14.1% | 29.5% | — | — |
| Current ratio | 2.30x | 0.66x | 1.88x | 0.66x | 1.73x | 2.65x | — | — |
| Debt to equity | 1.33x | 1.19x | 1.22x | 1.05x | 1.07x | 1.04x | — | — |
| Equity ratio | 42.1% | 42.8% | 43.9% | 46.2% | 47.8% | 48.0% | — | — |
| Interest coverage | 3.24x | 3.64x | 2.74x | 2.66x | 2.61x | 2.99x | — | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -0.3% | -0.1% | 0.8% | 0.9% | -0.3% | 1.6% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.8% | 4.9% | 4.8% |
| Operating income | 11.9% | 4.8% | 9.7% |
| Net income | 18.1% | 3.4% | 11.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 46.0% | 41.3% | 41.1% | 42.4% |
| Net margin | 38.5% | 32.1% | 33.2% | 31.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.1 | 24.7 | 39.2 | 33.6 | 47.1 | 27.2 | 45.3 | 41.5 | 36.8 | 36.9 |
| Price to sales | 8.9 | 10.3 | 9.5 | 8.5 | 16.0 | 10.3 | 13.6 | 11.6 | 11.7 | 11.8 |
Market value over time
31 Oct 2016 to 28 Sept 2026, in USD
$14.13bn$17.60bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -8% | 16% | 18% | -38% | 44% | -21% | 16% | 6% | 5% | -3% |
Dividends and splits
Per share, in the currency the company pays
Paid for 32 years. Last went ex-dividend on 30 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 7.77 | 10.28 | 9.80 | 9.24 | 8.80 | 8.36 | 8.31 | 7.80 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.