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

Essex Property Trust, Inc. (ESS) Return on invested capital

Alert me on Return on invested capital

Essex Property Trust, Inc.'s return on invested capital over the twelve months to 30 June 2026 was 3.23%, down 1.3 percentage points from fiscal 2025 (4.52%). Over the past ten years it has ranged from 1.79% (fiscal 2015) to 4.52% (fiscal 2025) — the current reading is the highest in ten years. That is above the Reit Residential industry median of 2.03% and above the Real Estate sector median of 2.03%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 4.52% 0.93
FY2024 3.59% 0.39
FY2023 3.20% 0.05
FY2022 3.15% 0.48
FY2021 2.67% 0.18
FY2020 2.49% 0.01
FY2019 2.48% (0.22)
FY2018 2.70% 0.38
FY2017 2.32% 0.07
FY2016 2.25% 0.46

Against its own ten years

Low 1.79% High 4.52%
Ten-year median 2.67%
Current reading's percentile 100

Return on invested capital against peers

Company Return on invested capital
ELS Equity Lifestyle Properties, Inc. compare 14.4%
UDR United Dominion Realty Trust, Inc. compare 5.47%
VMRK Vivmark Residential compare 4.23%
INVH Invitation Home compare 3.41%
MAA Mid-America Apartment Communities, Inc. compare 3.33%
ESS Essex Property Trust, Inc. 3.23%
AMH American Homes 4 Rent compare 2.37%
CPT Camden Property Trust compare 2.03%
SUI Sun Communities, Inc. compare 0.00%
Reit Residential industry median 2.03%
Real Estate sector median 2.03%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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