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Saturday 17 October 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. 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%
Market cap
$17.9B
P/E
41.9×
Fwd P/E
47.4×
Dividend yield
3.84%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

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

Alert me on EV/EBITDA

As of 16 October 2026, Essex Property Trust, Inc. (ESS) trades at a EV/EBITDA of 19.1×. Over the past ten years it has ranged from 13.6× (October 2025) to 34.5× (March 2015); the current reading is higher than 22% of that period. That is above the Reit Residential industry median of 15.8× and above the Real Estate sector median of 15.2×.

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
Jun 2026 20.3× 28.66%
Mar 2026 15.8× 1.30%
Dec 2025 15.6× 8.48%
Sep 2025 14.3× (9.48%)
42 more quarters

Against its own ten years

Low 13.6× High 34.5×
Ten-year median 23.6×
Current reading's percentile 22

EV/EBITDA against peers

Company EV/EBITDA
UDR United Dominion Realty Trust, Inc. compare 11.8×
INVH Invitation Home compare 13.3×
VMRK Vivmark Residential compare 13.5×
MAA Mid-America Apartment Communities, Inc. compare 15.4×
ELS Equity Lifestyle Properties, Inc. compare 16.3×
AMH American Homes 4 Rent compare 16.4×
CPT Camden Property Trust compare 16.6×
ESS Essex Property Trust, Inc. 19.1×
SUI Sun Communities, Inc. compare 38.1×
Reit Residential industry median 15.8×
Real Estate sector median 15.2×
Market median 11.0×

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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