profit from every $100 of sales.
$0$100
Essex Property
$274.00-0.63% today
+4.7% in 1 year
1-year low $239.611-year high $298.33
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $28.23 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Essex Property sold, what it kept, and what it did with the cash.
Sales went from $1.61 billion in 2022 to $1.89 billion in 2025, with $670 million of profit last year.
SalesProfit
Essex Property handed back 70% of the cash it generated last year.
$654M
Free cash flow 2025$934M
Bought back its own shares$391,000
Paid as dividends$654M
Cash vs. debt$76M vs. $6.9B
Essex Property vs. similar companies
Essex Property grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Essex Property | 28.2× · Fair price | ||
 AvalonBay Communities | 25.0× · Fair price | ||
 Equity Residential | 22.0× · Fair price | ||
 Invitation Homes | 26.4× · Fair price | ||
 Sun Communities | 10.8× · Cheap |
AI analysis
An AI analyst reads Essex Property's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,496 | 1,441 | 1,607 | 1,669 | 1,774 | 1,887 | |
| – | – | 1,099 | 1,138 | 1,208 | 1,279 | |
| – | – | 513 | 525 | 529 | 602 | |
| – | – | 1,196 | 1,192 | 1,627 | 1,569 | |
| 569 | 489 | 408 | 406 | 742 | 670 | |
| 8.69 | 7.51 | 6.27 | 6.32 | 11.54 | 10.40 | |
| – | – | 68.4% | 68.2% | 68.1% | 67.8% | |
| – | – | 31.9% | 31.5% | 29.8% | 31.9% | |
| 38.0% | 33.9% | 25.4% | 24.3% | 41.8% | 35.5% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 12,936 | 12,998 | 12,373 | 12,361 | 12,927 | 13,159 |
| Cash | 74 | 48 | 33 | 392 | 67 | 76 |
| Total debt | – | – | 6,027 | 6,271 | 6,654 | 6,852 |
| Total liabilities | 6,721 | 6,787 | 6,451 | 6,735 | 7,176 | 7,422 |
| 6,000 | 5,994 | 5,716 | 5,423 | 5,537 | 5,541 | |
| 66 | 65 | 65 | 64 | 64 | 64 | |
| – | – | 4.4% | 4.3% | 6.8% | 6.1% | |
| 9.5% | 8.2% | 7.1% | 7.5% | 13.4% | 12.1% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 803 | 905 | 976 | 980 | 1,068 | 1,074 | |
| – | – | 163 | 140 | 136 | 140 | |
| – | – | 812 | 840 | 932 | 934 | |
| Dividends paid | – | – | 566 | 587 | 620 | 654 |
| 269 | 9 | 190 | 96 | 0 | 0 | |
| 8 | 7 | 7 | 8 | 7 | 10 |
Valuation
- 28.2×
- 47.8×
- 7.72
- 3.2×
- 10.0×
- 20.2×
- 16.4×
- 4.9%
- 3.5%
- 3.8%
Profitability
- 67.8%
- 31.9%
- 35.5%
- 75.7%
- 5.6%
- 4.5%
- 10.4%
- 4.4%
- 5.8%
- –
Growth
- +4.8%
- +3.7%
- +15.3%
- +4.1%
- −0.2%
Financial health
- 4.7×
- 1.26
- 52.4%
- 2.8×
- 0.45
- 0.45
- 0.15
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 35%of 746
Bottom 43%of 752
Bottom 24%of 666
Bottom 40%of 762
Bottom 44%of 763
What analysts expect
- Average price target
- $283.20
- Range
- $272.00 – $310.00
- 5 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 28, 2026 | 4.06 | 1.43 | +183.9% |
| Feb 4, 2026 | 3.98 | 1.46 | +172.6% |
| Oct 29, 2025 | 3.97 | 3.96 | +0.3% |
| Jul 29, 2025 | 4.03 | 3.99 | +1.0% |
| Apr 29, 2025 | 3.97 | 3.92 | +1.3% |
| Feb 4, 2025 | 3.92 | 1.40 | +180.0% |
| Oct 29, 2024 | 3.91 | 3.88 | +0.8% |
| Jul 30, 2024 | 3.94 | 3.84 | +2.6% |
3.8%of the share price, paid each year
On $1,000 invested$38a year at today's yield, before tax
+4.1%2020 to 2025
Raised1 yearin a row, in our data
Paid per share, each year
$5.76 in 2015 → $10.16 in 2025
How safe it looks
97.7% of its profit
Room to growStretchedMore than it earns: 70.0%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
60Pass
Benjamin Graham
65Pass
Philip Fisher
58No pass
Peter Lynch
62Pass
Joel Greenblatt
43No pass
Charlie Munger
56No pass
Terry Smith
54No pass
Questions about Essex Property
Is Essex Property a good stock to buy?
A business with weak numbers at a fair price. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Essex Property AI analysis
What does Essex Property do?
Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. It is in REIT - Residential, based in San Mateo, CA, United States, with 1,686 employees.
Does Essex Property pay a dividend?
Yes. At today's price the dividend is 3.8% a year, about 98% of its yearly profit. In 2025 it paid out $654 million in dividends.
Is Essex Property stock halal?
No. Essex Property does not pass our halal screen: its debt is 36% of its market value, at or above the 33% limit. How we check
How has Essex Property stock done over the past year?
Up 4.7% over the past twelve months, to $274.00. It traded between $239.61 and $298.33 and is 8.2% below its high.
Who are Essex Property's competitors?
The largest listed companies in the same industry are AvalonBay Communities, Equity Residential, Invitation Homes and Sun Communities. The peers table on this page compares their profit, growth and price with Essex Property's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.