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.
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Essex Property Trust, Inc. (ESS) Free cash flow margin
Essex Property Trust, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 37.8%, up 13.0 percentage points from fiscal 2025 (24.8%). Over the past ten years it has ranged from 8.95% (fiscal 2015) to 58.7% (fiscal 2018); the current reading is higher than 27% of that period. That is above the Reit Residential industry median of 20.2% and above the Real Estate sector median of 9.79%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 24.8% | 15.52 |
| FY2024 | 9.32% | (40.61) |
| FY2023 | 49.9% | (1.36) |
| FY2022 | 51.3% | (5.40) |
| FY2021 | 56.7% | 27.67 |
| FY2020 | 29.0% | (3.73) |
| FY2019 | 32.8% | (25.92) |
| FY2018 | 58.7% | 28.24 |
| FY2017 | 30.4% | (1.75) |
| FY2016 | 32.2% | 23.23 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| AMH American Homes 4 Rent compare | 79.7% |
| VMRK Vivmark Residential compare | 60.7% |
| INVH Invitation Home compare | 56.5% |
| ESS Essex Property Trust, Inc. | 37.8% |
| MAA Mid-America Apartment Communities, Inc. compare | 25.0% |
| ELS Equity Lifestyle Properties, Inc. compare | 22.3% |
| UDR United Dominion Realty Trust, Inc. compare | 20.2% |
| CPT Camden Property Trust compare | 11.1% |
| SUI Sun Communities, Inc. compare | 0.00% |
| Reit Residential industry median | 20.2% |
| Real Estate sector median | 9.79% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on ESS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement