Essex Property Trust Inc
Research Essex Property Trust Inc (ESS) on Bullrun: valuation model: 11.2% overvalued, market cap USD 18.77B, P/E 45.4, dividend yield 3.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerESS
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Residential
- CurrencyUSD
- Valuation signal11.2% overvalued
- Market capUSD 18.77B
- P/E45.4
- Dividend yield3.7%
- Financial periodQ2 2026
- RevenueUSD 489.05M
- Net incomeUSD 62.46M
- Free cash flowUSD 222.53M
- Gross margin68.4%
Valuation Snapshot
Bullrun's latest valuation model marks Essex Property Trust Inc as 11.2% overvalued; latest market cap is USD 18.77B; P/E is 45.4; dividend yield is 3.7%.
Peer valuation comparison
Latest P/E is 45.45x versus a Real Estate sector median of 14.84x (206.3% above).
Latest dividend yield is 3.68% versus a Real Estate sector median of 4.71% (21.8% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 9.38M | USD 702.77M | USD 934.08M | 14060.1% | 10.4 | USD 76.24M | USD 6.85B | USD 5.54B |
| FY2024 | USD 10.27M | USD 811.31M | USD 931.91M | 12105.7% | 11.54 | USD 66.80M | USD 6.65B | USD 5.54B |
| FY2023 | USD 11.13M | USD 430.71M | n/a | 10515.7% | 6.32 | USD 391.75M | USD 6.27B | USD 5.42B |
| FY2022 | USD 11.14M | USD 432.99M | n/a | 10130.2% | 6.27 | USD 33.30M | USD 5.99B | USD 5.72B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 18.77B | 45.4 | 3.5% | 10.32 |
| 2025 | 2025-12-31 | USD 16.86B | 25.2 | 3.9% | 10.16 |
| 2024 | 2024-12-31 | USD 18.35B | 24.7 | 2.6% | 7.35 |
| 2023 | 2023-12-29 | USD 15.91B | 30.4 | 4.6% | 11.44 |
| 2022 | 2022-12-30 | USD 13.72B | 38.4 | 5.1% | 10.89 |
| 2021 | 2021-12-31 | USD 22.98B | 47.0 | 2.4% | 8.36 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 10.32 USD, yield 3.7%.
| Year | Dividends/share |
|---|---|
| FY2025 | 10.28 USD |
| FY2024 | 9.8 USD |
| FY2023 | 9.24 USD |
| FY2022 | 8.8 USD |
About Essex Property Trust Inc
Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust. The firm acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 258 apartment communities comprising over 62,000 apartment homes with an additional property in active development. Essex Property Trust, Inc. was incorporated in 1971 in Maryland and is based in San Mateo, United States.
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Frequently asked questions
Is Essex Property Trust Inc overvalued or undervalued?
Bullrun's valuation model currently marks Essex Property Trust Inc as 11.2% overvalued.
What is Essex Property Trust Inc's market cap?
Essex Property Trust Inc's market capitalization is USD 18.77B.
What is Essex Property Trust Inc's P/E ratio?
Essex Property Trust Inc's price-to-earnings (P/E) ratio is 45.4.
Does Essex Property Trust Inc pay a dividend?
Essex Property Trust Inc has a dividend yield of 3.7%.
What does Essex Property Trust Inc do?
Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust. The firm acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 258 apartment communities comprising over 62,000 apartment homes with an additional property in active development. Essex Property Trust, Inc. was incorporated in 1971 in Maryland and is based in San Mateo, United States.