Saturday 17 October 2026
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Essex Property Trust, Inc.
ESS Real Estate Reit Residential
Essex Property Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 6.36% from fiscal 2024. In the quarter to June 2026, revenue grew 4.09%, EPS fell 71.8%, free cash flow grew 21.0% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for three, operating cash flow growth for five.
269.43
0.23
−0.09%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
36.56 | 36.43 | 41.49 | 45.11 | 27.42 | 46.90 | 33.65 | 39.60 | 24.71 | 25.14 |
Piotroski F-Score |
7 | 6 | 6 | 7 | 7 | 6 | 6 | 7 | 6 | 5 |
P/S ratio |
11.60 | 11.59 | 11.57 | 13.57 | 10.39 | 15.91 | 8.56 | 9.62 | 10.33 | 8.93 |
P/FCF ratio |
36.05 | 38.08 | 19.72 | 41.42 | 35.81 | 28.06 | 16.69 | 19.26 | 110.90 | 35.93 |
P/Operating CF |
110.12 | 108.22 | 111.36 | 93.37 | 103.83 | 111.56 | 82.39 | 78.83 | 83.97 | 71.93 |
P/B ratio |
2.39 | 2.47 | 2.53 | 3.09 | 2.51 | 3.71 | 2.33 | 2.87 | 3.20 | 2.95 |
Price to Tangible BV |
2.39 | 2.48 | 2.54 | 3.10 | 2.52 | 3.72 | 2.34 | 2.88 | 3.21 | 2.96 |
EV/Sales |
15.77 | 15.71 | 15.46 | 17.49 | 14.51 | 20.23 | 12.24 | 13.09 | 14.01 | 12.48 |
EV/EBITDA |
24.49 | 23.96 | 22.28 | 27.11 | 21.61 | 27.50 | 17.23 | 19.18 | 19.25 | 15.56 |
EV/Operating CF |
28.46 | 27.85 | 26.19 | 27.78 | 27.03 | 32.19 | 20.16 | 22.30 | 23.27 | 21.93 |
EV/FCF |
49.00 | 51.65 | 26.36 | 53.40 | 50.02 | 35.69 | 23.86 | 26.23 | 150.38 | 50.25 |
Quick Ratio |
1.23 | 0.48 | 1.19 | 0.51 | 0.55 | 0.32 | 0.26 | 2.27 | 0.36 | 0.39 |
Current Ratio |
1.53 | 1.27 | 1.76 | 1.36 | 1.83 | 2.21 | 0.88 | 3.26 | 1.33 | 1.03 |
Net Debt/EBITDA |
6.47 | 6.29 | 5.61 | 6.08 | 6.14 | 5.88 | 5.18 | 5.09 | 5.05 | 4.44 |
Debt/Assets |
45.54% | 45.53% | 45.27% | 45.72% | 48.33% | 48.37% | 48.16% | 50.20% | 51.07% | 51.68% |
Debt/Equity |
0.88 | 0.89 | 0.88 | 0.91 | 1.01 | 1.02 | 1.01 | 1.11 | 1.15 | 1.19 |
Asset Turnover |
0.11 | 0.11 | 0.11 | 0.12 | 0.12 | 0.11 | 0.13 | 0.14 | 0.14 | 0.14 |
Operating CF/Net income |
1.74 | 1.78 | 2.12 | 2.09 | 1.41 | 1.85 | 2.39 | 2.42 | 1.44 | 1.60 |
Capex/Depreciation |
(0.73) | (0.79) | (0.01) | (0.96) | (0.72) | (0.17) | (0.28) | (0.26) | (1.54) | (0.99) |
Interest Coverage |
1.92 | 2.00 | 2.32 | 2.21 | 2.23 | 2.61 | 2.91 | 2.74 | 2.99 | 3.48 |
| 6.55% | 6.83% | 6.10% | 6.87% | 9.04% | 7.91% | 6.76% | 7.06% | 13.11% | 11.72% | |
| 3.39% | 3.50% | 3.14% | 3.50% | 4.44% | 3.77% | 3.22% | 3.28% | 5.86% | 5.13% | |
ROIC |
2.25% | 2.32% | 2.70% | 2.48% | 2.49% | 2.67% | 3.15% | 3.20% | 3.59% | 4.52% |
Return on Tangible Assets |
3.46% | 3.57% | 3.25% | 3.58% | 4.55% | 3.91% | 3.42% | 3.39% | 5.93% | 5.27% |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
3.15% | 3.03% | 3.82% | 3.72% | 4.37% | 3.60% | 3.52% | 3.80% | 5.57% | 3.81% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.76% | 0.68% | 0.51% | 0.48% | 0.55% | 0.51% | 0.45% | 0.48% | 0.40% | 0.51% |
Graham Net Nets |
(0.38) | (0.38) | (0.36) | (0.31) | (0.42) | (0.28) | (0.46) | (0.39) | (0.38) | (0.43) |
Graham Number |
116.44 | 120.03 | 113.46 | 120.81 | 135.67 | 126.66 | 113.13 | 111.18 | 152.14 | 144.12 |
Earnings Yield |
2.74% | 2.74% | 2.41% | 2.22% | 3.65% | 2.13% | 2.97% | 2.53% | 4.05% | 3.98% |
Free Cash Flow Yield |
2.77% | 2.63% | 5.07% | 2.41% | 2.79% | 3.56% | 5.99% | 5.19% | 0.90% | 2.78% |
Revenue per Share |
19.76 | 20.72 | 21.20 | 22.18 | 22.85 | 22.15 | 24.69 | 25.98 | 27.63 | 29.32 |
Operating CF per Share |
10.95 | 11.69 | 12.52 | 13.96 | 12.27 | 13.92 | 14.99 | 15.25 | 16.63 | 16.69 |
Capex per Share |
(4.59) | (5.39) | (0.08) | (6.70) | (5.64) | (1.36) | (2.33) | (2.28) | (14.06) | (9.41) |
Free Cash Flow per Share |
6.36 | 6.30 | 12.44 | 7.26 | 6.63 | 12.55 | 12.66 | 12.97 | 2.57 | 7.28 |
Cash per Share |
2.60 | 0.93 | 2.29 | 1.23 | 1.28 | 0.90 | 0.66 | 6.23 | 1.18 | 1.33 |
Shareholders Equity per Share |
96.11 | 97.17 | 96.82 | 97.26 | 94.47 | 94.95 | 90.58 | 87.06 | 89.06 | 88.67 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
96.11 | 97.17 | 96.82 | 97.26 | 94.47 | 94.95 | 90.58 | 87.06 | 89.06 | 88.67 |
Free Cash Flow |
416.39 | 414.98 | 821.37 | 478.25 | 434.01 | 816.58 | 824.14 | 833.53 | 165.31 | 468.86 |
Working Capital |
73.05 | 34.55 | 96.20 | 57.44 | 126.29 | 218.92 | (19.73) | 398.55 | 69.81 | 5.83 |
Capital Expenditures |
(300.41) | (354.63) | (5.18) | (440.83) | (369.10) | (88.68) | (151.51) | (146.53) | (902.99) | (605.56) |
Net Current Asset Value |
(5,713.90) | (5,936.83) | (5,766.47) | (6,086.45) | (6,473.84) | (6,421.69) | (6,332.07) | (6,192.49) | (6,924.42) | (7,223.20) |
EV/EBIT |
48.48 | 48.00 | 42.28 | 53.08 | 44.17 | 54.98 | 33.04 | 37.41 | 35.36 | 26.20 |
Capex to Sales |
0.23 | 0.26 | 0.00 | 0.30 | 0.25 | 0.06 | 0.09 | 0.09 | 0.51 | 0.32 |
Price to Operating Income |
35.67 | 35.39 | 31.63 | 41.17 | 31.62 | 43.23 | 23.10 | 27.47 | 26.08 | 18.73 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 |
Cash ROIC |
3.46% | 3.42% | 6.76% | 3.89% | 3.47% | 6.52% | 6.93% | 6.83% | 1.33% | 3.72% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
2.88 | 3.05 | 3.27 | 3.02 | 3.06 | 2.89 | 2.93 | 3.11 | 2.92 | 2.80 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
129.72 | 114.75 | 111.40 | 133.95 | 117.46 | 137.03 | 118.89 | 121.17 | 136.77 | 132.88 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
134.82 | 132.86 | 127.29 | 142.55 | 155.44 | 166.80 | 173.11 | 170.93 | 194.57 | 217.05 |
Average Assets |
12,112.90 | 12,356.56 | 12,439.66 | 12,544.51 | 12,820.80 | 12,967.03 | 12,685.39 | 12,367.17 | 12,644.40 | 13,043.19 |
Average Common Equity |
6,277.75 | 6,344.53 | 6,395.33 | 6,398.67 | 6,293.35 | 6,179.85 | 6,035.81 | 5,744.55 | 5,657.18 | 5,714.51 |
Columns are period end dates