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

Essex Property Trust, Inc. (ESS) Free cash flow margin

Alert me on Free cash flow margin

Essex Property Trust, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 36.7%, up 11.8 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 27.6% and above the Real Estate sector median of 9.51%.

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

Low 8.95% High 58.7%
Ten-year median 32.2%
Current reading's percentile 27

Free cash flow margin against peers

Company Free cash flow margin
INVH Invitation Home compare 75.9%
AMH American Homes 4 Rent compare 46.4%
ESS Essex Property Trust, Inc. 36.7%
MAA Mid-America Apartment Communities, Inc. compare 27.6%
ELS Equity Lifestyle Properties, Inc. compare 23.6%
JAN Janus Living, Inc. compare 23.2%
SUI Sun Communities, Inc. compare 22.8%
CPT Camden Property Trust compare 11.1%
UDR United Dominion Realty Trust, Inc. compare 3.89%
Reit Residential industry median 27.6%
Real Estate sector median 9.51%
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

The full definition of Free cash flow margin →

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