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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Essex Property Trust, Inc. (ESS) trades at a price to free cash flow of 24.4×. Over the past ten years it has ranged from 0.0× (September 2015) to 213× (June 2020); the current reading is higher than 28% of that period. That is above the Reit Residential industry median of 20.3× and above the Real Estate sector median of 12.3×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 35.9× (67.60%)
FY2024 111× 475.79%
FY2023 19.3× 15.43%
FY2022 16.7× (40.53%)
FY2021 28.1× (21.64%)
FY2020 35.8× (13.55%)
FY2019 41.4× 110.08%
FY2018 19.7× (48.23%)
FY2017 38.1× 5.65%
FY2016 36.0× (75.18%)

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 24.3× (5.61%)
Jun 2026 25.7× 14.90%
Mar 2026 22.4× (37.69%)
Dec 2025 35.9× 27.87%
43 more quarters

Against its own ten years

Low 0.0× High 213×
Ten-year median 31.3×
Current reading's percentile 28

Price to free cash flow against peers

Company Price to free cash flow
INVH Invitation Home compare 7.3×
AMH American Homes 4 Rent compare 7.8×
MAA Mid-America Apartment Communities, Inc. compare 22.8×
ESS Essex Property Trust, Inc. 24.4×
SUI Sun Communities, Inc. compare 26.8×
ELS Equity Lifestyle Properties, Inc. compare 32.7×
JAN Janus Living, Inc. compare 35.4×
CPT Camden Property Trust compare 60.6×
UDR United Dominion Realty Trust, Inc. compare 178×
Reit Residential industry median 20.3×
Real Estate sector median 12.3×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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