0IIR Stock Chart & Stats
$292.35
$3.31(1.13%)
At close: 4:00 PM EDT
$292.35
$3.31(1.13%)
Day’s Range― - ―
52-Week Range$232.88 - $303.36
Previous CloseN/A
Volume7.00
Average Volume (3M)42.00
Market Cap
$18.77B
Enterprise Value$25.61K
Total Cash (Recent Filing)$158.51M
Total Debt (Recent Filing)$6.75B
Price to Earnings (P/E)43.7
Beta0.82
Next Earnings
Oct 28, 2026EPS Estimate
1.43Next Dividend Ex-DateN/A
Dividend Yield3.67%
Share Statistics
EPS (TTM)6.43
Shares Outstanding64,268,440
10 Day Avg. Volume74
30 Day Avg. Volume42
Financial Highlights & Ratios
PEG Ratio-2.55
Price to Book (P/B)3.04
Price to Sales (P/S)8.88
P/FCF Ratio18.06
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$305.26Price Target Upside4.42% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering18
EPS Forecast (FY)5.83
Revenue Forecast (FY)$1.95B
Bulls Say, Bears Say
Bulls Say
Balance Sheet & LiquidityEssex reports conservative near-term funding risk with net debt/EBITDA of 5.4x, minimal maturities over the next 12 months and over $1 billion of liquidity. That combination preserves optionality to fund development, acquisitions or weather cyclical rent volatility without forced asset sales.
Consistent Revenue GrowthTop-line has shown multi-year expansion and stability, driven by recurring rental streams across a concentrated West Coast portfolio. Durable revenue growth supports predictable cash flow and underwriting for development/dispositions, underpinning long-term dividend and FFO capacity.
Operational Execution & Upgraded GuidanceManagement upgraded guidance based on stronger same-property NOI and Q2 outperformance, showing operational levers (rent, occupancy, expense control) can drive FFO. This indicates experienced asset management and the ability to capture upside from localized demand improvements.
Bears Say
Earnings & Free Cash Flow CompressionTrailing results show a marked decline in profitability and FCF, reflecting margin pressure or one-offs that materially reduce internal funding capacity. If sustained, lower FCF impairs reinvestment, dividend coverage, and the ability to pursue accretive development or acquisitions.
Meaningful Leverage & Data UncertaintyLeverage sits at levels typical for REITs but meaningfully elevated for rate-sensitive assets; combined with a noted TTM data inconsistency on reported debt, this raises uncertainty about true balance-sheet flexibility and increases refinancing and interest-cost risk if rates remain higher.
Regional Concentration & Southern CA HeadwindsHeavy West Coast concentration—notably ~40% exposure to Southern California—makes portfolio performance sensitive to localized demand cycles. Muted LA growth and potential softness in the largest submarket can depress same-property performance and limit portfolio-level upside.
Essex Property News
0IIR FAQ
What was Essex Property’s price range in the past 12 months?
Essex Property lowest share price was $232.88 and its highest was $303.36 in the past 12 months.
What is Essex Property’s market cap?
Essex Property’s market cap is $18.77B.
When is Essex Property’s upcoming earnings report date?
Essex Property’s upcoming earnings report date is Oct 28, 2026 which is in 76 days.
How were Essex Property’s earnings last quarter?
Essex Property released its earnings results on Jul 29, 2026. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.461 by -$0.491.
Is Essex Property overvalued?
According to Wall Street analysts Essex Property’s price is currently Undervalued.
Does Essex Property pay dividends?
Essex Property pays a Quarterly dividend of $2.59 which represents an annual dividend yield of 3.67%. See more information on Essex Property dividends here
What is Essex Property’s EPS estimate?
Essex Property’s EPS estimate is 1.43.
How many shares outstanding does Essex Property have?
Essex Property has 64,268,440 shares outstanding.
What happened to Essex Property’s price movement after its last earnings report?
Essex Property reported an EPS of $0.97 in its last earnings report, missing expectations of $1.461. Following the earnings report the stock price went down -4.331%.
Which hedge fund is a major shareholder of Essex Property?
Currently, no hedge funds are holding shares in GB:0IIR
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Essex Property Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$305.26 (4.42% Upside)
$305.26 (4.42% Upside)
Blogger Sentiment
Bullish
GB:0IIR Sentiment 83%
Sector Average ―
Sector Average ―
Insider Transactions
Sold Shares
Worth $167.7K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.17%
12-Months-Change
Fundamentals
Return on Equity
3.67%
Trailing 12-Months
Asset Growth
-2.15%
Trailing 12-Months
Company Description
Essex Property
Essex Property Trust, Inc., a prominent S&P 500 constituent, operates as a vertically integrated real estate investment trust (REIT). The company focuses on the purchase, construction, renovation, and ongoing management of residential apartment complexes across select West Coast regions. Currently, Essex maintains ownership interests in 246 apartment communities, offering a total of roughly 60,000 homes, with an additional six properties actively advancing through various stages of development.
0IIR Company Deck
0IIR Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized stronger-than-expected operational performance, particularly in Northern California and Seattle, leading to upward revisions to same-property NOI and core FFO guidance and reflecting solid balance sheet flexibility. Offsetting headwinds include measured national job growth, muted Southern California demand (notably LA), higher second-half operating and controllable expenses, and some one-time benefits and legal settlement uncertainties. On balance, positive execution and upgraded guidance outweigh the outlined regional and macro risks.View all GB:0IIR earnings summaries0IIR Revenue Breakdown
99.50% Rental income
0.50% Management and other fees from affiliates
0IIR Stock 12 Month Forecast
Average Price Target
$305.26
▲(4.42% Upside)
Technical Analysis
Equity Residential
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