Stock ESS ESSEX PROPERTY TRUST, INC.
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Financials Essex Property Trust, Inc.

Equities

ESS

US2971781057

Residential REITs

Market Closed - Nyse
Other stock markets
 16:00:02 2024-04-26 EDT 		5-day change 1st Jan Change
246.9 USD -0.12% Intraday chart for Essex Property Trust, Inc. +5.00% -0.41%
04-10 RBC Raises Price Target on Essex Property Trust to $262 From $239, Keeps Outperform Rating MT
04-04 ANALYST RECOMMENDATIONS : Block, Chubb, Doordash, Coinbase, Lloyds... Our Logo

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,881 15,481 22,926 13,723 15,914 15,854 - -
Enterprise Value (EV) 1 25,609 21,722 29,155 19,638 21,719 21,818 21,759 21,751
P/E ratio 45.2 x 27.3 x 46.9 x 33.8 x 39.2 x 47 x 43.5 x 40.1 x
Yield 2.59% 3.5% 2.37% - 3.73% 3.89% 4.02% 4.17%
Capitalization / Revenue 13.7 x 10.4 x 16 x 8.6 x 9.6 x 9.3 x 9.04 x 8.72 x
EV / Revenue 17.7 x 14.6 x 20.4 x 12.3 x 13.1 x 12.8 x 12.4 x 12 x
EV / EBITDA 22.7 x 19.3 x 23.1 x 19 x 21.4 x 18.9 x 18.5 x 18.3 x
EV / FCF 48.7 x 50.1 x 50.2 x - 26.9 x 29.1 x 27.4 x 29.7 x
FCF Yield 2.05% 2% 1.99% - 3.71% 3.44% 3.65% 3.36%
Price to Book 3.2 x 2.57 x 3.83 x - 2.94 x 3.19 x 3.3 x 3.46 x
Nbr of stocks (in thousands) 66,082 65,205 65,088 64,754 64,185 64,206 - -
Reference price 2 300.9 237.4 352.2 211.9 247.9 246.9 246.9 246.9
Announcement Date 20-01-29 21-02-04 22-02-02 23-02-07 24-02-06 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,451 1,486 1,431 1,596 1,658 1,705 1,753 1,818
EBITDA 1 1,130 1,124 1,261 1,033 1,017 1,152 1,178 1,186
EBIT 1 481.1 491.4 530 500.8 525.1 517.2 544.6 573
Operating Margin 33.17% 33.07% 37.03% 31.39% 31.67% 30.33% 31.07% 31.52%
Earnings before Tax (EBT) 1 464.4 599.3 515.7 433 430.7 362.9 381.7 409.2
Net income 1 439.3 568.9 488.6 408.3 405.8 355.2 382.7 407.3
Net margin 30.28% 38.28% 34.13% 25.59% 24.47% 20.83% 21.83% 22.41%
EPS 2 6.660 8.690 7.510 6.270 6.320 5.254 5.673 6.157
Free Cash Flow 1 525.3 434 580.8 - 806.7 749.5 795.1 731.2
FCF margin 36.21% 29.2% 40.58% - 48.65% 43.96% 45.36% 40.22%
FCF Conversion (EBITDA) 46.47% 38.6% 46.08% - 79.31% 65.08% 67.49% 61.67%
FCF Conversion (Net income) 119.59% 76.29% 118.88% - 198.79% 211.03% 207.74% 179.5%
Dividend per Share 2 7.800 8.310 8.360 - 9.240 9.600 9.921 10.30
Announcement Date 20-01-29 21-02-04 22-02-02 23-02-07 24-02-06 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 360.6 369.2 379.2 397.2 406.9 412.4 409.7 413.3 416.4 418.9 421.9 425.6 429 430.4 431.4
EBITDA 1 225.6 334.5 257 237.5 268.3 286.3 278.2 296 284.2 274.4 290.8 293.9 292.3 293 285.8
EBIT 1 138 101.3 109.8 128.6 128.6 133.7 128.1 134.8 131.8 130.3 126.9 132.9 128.2 129.7 132.3
Operating Margin 38.26% 27.43% 28.97% 32.38% 31.61% 32.43% 31.28% 32.63% 31.65% 31.11% 30.07% 31.22% 29.89% 30.14% 30.66%
Earnings before Tax (EBT) 1 125 144.1 78.38 - - - - - - 70.35 94.66 95.56 94.27 94.92 93.4
Net income 1 118.4 136.9 73.25 57.05 92.84 185.2 153.5 99.62 87.28 65.39 88.42 91.22 89.15 90.7 92.75
Net margin 32.83% 37.08% 19.32% 14.36% 22.82% 44.9% 37.48% 24.11% 20.96% 15.61% 20.96% 21.44% 20.78% 21.07% 21.5%
EPS 2 1.820 2.100 1.120 0.8700 1.430 2.860 2.380 1.550 1.360 1.020 1.283 1.337 1.302 1.317 1.400
Dividend per Share 2 2.090 2.090 2.200 2.200 2.200 - 2.310 2.310 2.310 2.310 2.390 2.403 2.403 2.403 2.489
Announcement Date 21-10-26 22-02-02 22-04-26 22-07-26 22-10-26 23-02-07 23-04-27 23-07-27 23-10-26 24-02-06 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,728 6,242 6,229 5,916 5,805 5,965 5,905 5,897
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.067 x 5.551 x 4.941 x 5.724 x 5.707 x 5.178 x 5.012 x 4.973 x
Free Cash Flow 1 525 434 581 - 807 750 795 731
ROE (net income / shareholders' equity) 7.04% 9.31% 8.15% 6.97% 7.29% 6.92% 7.56% 8.65%
ROA (Net income/ Total Assets) 3.5% 4.44% 3.77% 3.22% 3.28% 2.79% 3.16% 3.53%
Assets 1 12,545 12,821 12,967 12,685 12,367 12,724 12,106 11,540
Book Value Per Share 2 94.10 92.30 91.90 - 84.50 77.40 74.90 71.40
Cash Flow per Share 2 13.90 12.20 13.90 - 15.30 14.50 15.70 16.30
Capex 1 394 659 324 - 173 198 230 248
Capex / Sales 27.14% 44.36% 22.67% - 10.45% 11.64% 13.14% 13.63%
Announcement Date 20-01-29 21-02-04 22-02-02 23-02-07 24-02-06 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Essex Property Trust, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
25
Last Close Price
246.9 USD
Average target price
248.6 USD
Spread / Average Target
+0.68%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Residential REITs
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