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Friday 6 November 2026 Export ESS’s income statement to Excel — free account

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.

Revenue
+4.10%
EPS
−37.0%
Free cash flow
−5.14%
Total debt
−0.84%

Quarter to September 2026, against a year earlier

270.55 0.97 −0.36%
Market cap
$18.1B
P/E
49.3×
Fwd P/E
46.4×
Dividend yield
3.82%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Essex Property Trust, Inc. (ESS) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Essex Property Trust, Inc. (ESS) trades at a EV/EBITDA of 20.0×. Over the past ten years it has ranged from 13.6× (October 2025) to 34.5× (March 2015); the current reading is higher than 27% of that period. That is above the Reit Residential industry median of 15.9× and above the Real Estate sector median of 15.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 15.6× (19.17%)
FY2024 19.3× 0.38%
FY2023 19.2× 11.30%
FY2022 17.2× (37.34%)
FY2021 27.5× 27.27%
FY2020 21.6× (20.28%)
FY2019 27.1× 21.66%
FY2018 22.3× (7.03%)
FY2017 24.0× (2.15%)
FY2016 24.5× (11.04%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 19.9× (1.91%)
Jun 2026 20.3× 28.66%
Mar 2026 15.8× 1.30%
Dec 2025 15.6× 8.48%
43 more quarters

Against its own ten years

Low 13.6× High 34.5×
Ten-year median 23.6×
Current reading's percentile 27

EV/EBITDA against peers

Company EV/EBITDA
UDR United Dominion Realty Trust, Inc. compare 10.9×
INVH Invitation Home compare 13.4×
MAA Mid-America Apartment Communities, Inc. compare 15.9×
ELS Equity Lifestyle Properties, Inc. compare 16.5×
AMH American Homes 4 Rent compare 17.0×
CPT Camden Property Trust compare 17.1×
ESS Essex Property Trust, Inc. 20.0×
SUI Sun Communities, Inc. compare 34.0×
JAN Janus Living, Inc. compare 87.3×
Reit Residential industry median 15.9×
Real Estate sector median 15.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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