US · USD

ESS

Essex Property Trust Inc

$271.93+1.22% ($3.28)
Day's range
$265.92 – $272.42
Day's volume
$117.5M
52-week range
$232.76 – $295.51

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ESS in numbers

Market cap
$17.5B
P/B
3.28
Dividend yield (12m)
3.80%
Net debt/EBITDA
5.10

The 12-month dividend yield of ESS is 3.80%, above its 5-year average of 3.48%.

ESS price history

10/06/202510/05/2026
Compare with

ESS risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+7.24%+42.43%-3.71%
Volatility (annualized)14.66%19.92%21.42%
Largest drawdown-6.99%-18.53%-37.87%
Positive months5/1220/3629/60

How much did investing in ESS return?

$1,000.00 invested on 11/01/2021 would be worth $962.87 today.

Value today in ESS
$962.87
Return over the period
-3.71%
Return per year
-0.77%
In the S&P 500
$1,702.20

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

ESS fundamentals

Valuation

  • P/E
    —
  • P/B
    3.28
  • EV/EBITDA
    19.18
  • EV/EBIT
    37.96
  • EV/Revenue
    2,561.02
  • P/EBIT
    27.87
  • P/S
    1,880.21
  • P/OCF
    15.63
  • P/FCF
    —
  • Earnings yield
    2.63%
  • PEG ratio
    —
  • Earnings per share
    —
  • Book value per share
    $82.83

Debt

  • Net debt
    $6.3B
  • Net debt/EBITDA
    5.10
  • Net debt/Equity
    1.19
  • Debt/Equity
    1.20
  • Current ratio
    —
  • Quick ratio
    —
  • Cash ratio
    —

Efficiency

  • Gross margin
    14,526.36%
  • EBITDA margin
    13,349.36%
  • Operating margin
    6,746.65%
  • Net margin
    —
  • Asset turnover
    0.00

Profitability

  • ROE
    —
  • ROA
    —
  • ROIC
    3.55%
  • Payout
    —

Growth

  • Revenue CAGR (5 years)
    0.42%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is ESS's fair price?

Two classic value formulas, with today's numbers. The current price is $271.93.

Graham's fair price
—
ESS's earnings per share and book value per share are not available, so the formula cannot be computed.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
$153.29
43.63% below the price

$9.20 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

ESS's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E———————41.29
P/B3.043.322.942.393.842.573.202.57
EV/EBITDA11.2014.3114.0512.0522.4615.7321.5917.93
Dividend yield3.88%3.38%3.68%4.10%2.37%3.45%2.56%2.99%
Earnings per share———————$5.94
Book value per share$85.95$86.08$84.46$88.60$91.82$92.32$94.00$95.40
ROE———————6.23%
ROIC10.71%8.38%7.11%6.87%5.31%4.94%4.45%4.26%
Gross margin14,060.10%12,105.69%10,515.73%10,130.23%————
EBITDA margin16,062.87%12,501.85%10,176.80%10,185.37%11,491.15%10,595.31%10,127.66%10,801.19%
Net margin———————4,248.64%
Net debt/EBITDA————0.560.560.951.69

ESS's financial statements

Line202520242023202220212020
Net revenue$9.4M$10.3M$11.1M$11.1M$9.1M$9.6M
Cost of revenue——————
Gross profit$1.3B$1.2B$1.2B$1.1B——
EBITDA$1.5B$1.3B$1.1B$1.1B$1.1B$1B
EBIT$899.3M$703.1M$584.3M$595.2M$530M$491.4M
Financial result——————
Income before tax——————
Income tax——————
Net income——————

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does ESS pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend09/29/202610/15/2026$2.59

Dividend yield per year

  • 2.84%2017
  • 2.99%2018
  • 2.56%2019
  • 3.45%2020
  • 2.37%2021
  • 4.10%2022
  • 3.68%2023
  • 3.38%2024
  • 3.88%2025
  • 2.85%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend06/29/202607/15/2026$2.59
Dividend03/30/202604/15/2026$2.59
Dividend01/01/202601/15/2026$2.57
Dividend09/29/202510/15/2025$2.57
Dividend06/27/202507/15/2025$2.57
Dividend03/28/202504/15/2025$2.57
Dividend01/01/202501/15/2025$2.45
Dividend09/27/202410/11/2024$2.45
Dividend06/27/202407/12/2024$2.45
Dividend03/26/202404/12/2024$2.45
Dividend12/28/202301/12/2024$2.31
Dividend09/27/202310/13/2023$2.31
See all 39 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend06/28/202307/14/2023$2.31
Dividend03/29/202304/14/2023$2.31
Dividend12/29/202201/13/2023$2.20
Dividend09/28/202210/14/2022$2.20
Dividend06/28/202207/15/2022$2.20
Dividend03/29/202204/14/2022$2.20
Dividend12/30/202101/14/2022$2.09
Dividend09/28/202110/15/2021$2.09
Dividend06/28/202107/15/2021$2.09
Dividend03/29/202104/15/2021$2.09
Dividend12/30/202001/15/2021$2.08
Dividend09/28/202010/15/2020$2.08
Dividend06/26/202007/15/2020$2.08
Dividend03/27/202004/15/2020$2.08
Dividend12/30/201901/15/2020$1.95
Dividend09/26/201910/15/2019$1.95
Dividend06/26/201907/12/2019$1.95
Dividend03/27/201904/12/2019$1.95
Dividend12/28/201801/15/2019$1.86
Dividend09/26/201810/12/2018$1.86
Dividend06/27/201807/13/2018$1.86
Dividend03/27/201804/16/2018$1.86
Dividend12/27/201701/16/2018$1.75
Dividend09/27/201710/16/2017$1.75
Dividend06/27/201707/14/2017$1.75
Dividend03/28/201704/17/2017$1.75
Dividend12/27/201601/17/2017$1.60

About Essex Property Trust

Sector
Finance, insurance and real estate

Questions about ESS

How much is ESS today?

ESS is at $271.93 (1.22% on the day), last traded on 10/05/2026.

How much did ESS pay in dividends in 2025?

ESS paid $10.16 per share in 2025, a dividend yield of 3.88%.

When is the next ESS dividend?

The next announced payment is $2.59 per share on 10/15/2026.

How much did ESS return in 12 months?

ESS returned 7.24% in 12 months, with annualized volatility of 14.66% and a largest drawdown of -6.99%.