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Essex Property Trust Inc Stock Research

ESS

215.64USD-3.44(-1.57%)Market Closed
Watchlist

Market Summary

USD215.64-3.44
Market Closed
-1.57%

ESS Alerts

  • Big jump in Earnings (Y/Y)

ESS Stock Price

ESS RSI Chart

ESS Valuation

Market Cap

13.8B

Price/Earnings (Trailing)

24.7

Price/Sales (Trailing)

8.37

Price/Free Cashflow

14.5

ESS Price/Sales (Trailing)

ESS Profitability

Return on Equity

9.19%

Return on Assets

4.2%

Free Cashflow Yield

6.9%

ESS Fundamentals

ESS Revenue

Revenue (TTM)

1.7B

Revenue Y/Y

4.02%

Revenue Q/Q

0.88%

ESS Earnings

Earnings (TTM)

560.3M

Earnings Y/Y

71.43%

Earnings Q/Q

-34.55%

Price Action

52 Week Range

195.03250.15
(Low)(High)

Last 7 days

-2.7%

Last 30 days

-6.4%

Last 90 days

-0.4%

Trailing 12 Months

-10.7%

ESS Financial Health

Debt/Equity

1.05

Debt/Cashflow

0.16

ESS Investor Care

Dividend Yield

4.18%

Dividend/Share (TTM)

9.02

Buy Backs (1Y)

1.65%

Diluted EPS (TTM)

8.21

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for ESS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-09
HAWTHORNE MARIA R
acquired
-
-
717
-
2023-05-09
SCORDELIS BYRON A
acquired
-
-
717
-
2022-12-09
Pak Barbara
acquired
-
-
1,164
executive vice president & cfo
2022-12-09
Farias John
acquired
-
-
536
senior vice president and cao
2022-12-02
Johnson Amal M
bought
109,220
218
500
-
2022-11-30
ROBINSON THOMAS E
gifted
-
-
-891
-
2022-05-10
MARCUS GEORGE M
acquired
-
-
960
-
2022-03-29
Kleiman Angela L.
acquired
1,569,050
248
6,309
sr. evp & coo
2022-03-29
Kleiman Angela L.
sold
-2,234,710
354
-6,309
sr. evp & coo

1–10 of 50

Which funds bought or sold ESS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-20
BARCLAYS PLC
added
94.84
13,532,000
24,974,000
0.02%
2023-09-12
Farther Finance Advisors, LLC
added
0.32
8,009
72,633
0.02%
2023-08-28
DT Investment Partners, LLC
unchanged
-
6,943
72,480
0.01%
2023-08-24
Alberta Investment Management Corp
unchanged
-
57,868
538,890
-%
2023-08-23
WOLVERINE TRADING, LLC
reduced
-12.04
3,439
909,439
-%
2023-08-23
Stonebridge Capital Advisors LLC
unchanged
-
755
7,029
-%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
reduced
-1.59
134,323
1,445,630
0.01%
2023-08-22
US Asset Management LLC
sold off
-100
-45,000
-
-%
2023-08-21
BOKF, NA
reduced
-58.28
-47,782
41,939
-%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-2.72
112,000
1,364,000
0.01%

1–10 of 47

Latest Funds Activity

Are funds buying ESS calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own ESS
No. of Funds

Schedule 13G FIlings of Essex Property Trust

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
cohen & steers, inc.
1.75%
1,134,467
SC 13G/A
Feb 09, 2023
vanguard group inc
16.54%
10,708,186
SC 13G/A
Feb 01, 2023
state street corp
9.05%
5,861,505
SC 13G/A
Jan 26, 2023
blackrock inc.
10.9%
7,074,866
SC 13G/A
Jan 20, 2023
blackrock inc.
10.9%
7,074,866
SC 13G/A
Feb 14, 2022
cohen & steers, inc.
8.49%
5,527,850
SC 13G/A
Feb 11, 2022
state street corp
7.56%
4,922,335
SC 13G/A
Feb 10, 2022
vanguard group inc
16.03%
10,430,735
SC 13G/A
Jan 27, 2022
blackrock inc.
10.3%
6,686,520
SC 13G/A
Jan 26, 2022
blackrock inc.
10.3%
6,686,520
SC 13G/A

Recent SEC filings of Essex Property Trust

View All Filings
Date Filed Form Type Document
Sep 07, 2023
8-K
Current Report
Aug 28, 2023
8-K
Current Report
Jul 28, 2023
10-Q
Quarterly Report
Jul 27, 2023
8-K
Current Report

Peers (Alternatives to Essex Property Trust)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
48.1B
4.4B
-0.64% -17.74%
11.24
10.95
14.80% 87.79%
36.9B
5.1B
0.18% 16.53%
86.19
7.19
13.73% -68.04%
22.8B
2.0B
-3.50% -10.37%
27.35
11.3
-22.97% -33.54%
20.0B
2.7B
-10.04% -26.51%
26.64
7.46
15.16% 88.51%
11.0B
1.8B
-3.28% -9.24%
27.11
6.23
6.75% -42.80%
MID-CAP
7.6B
1.1B
-2.20% 0.81%
19.53
6.84
8.31% 38.10%
4.7B
820.5M
1.11% 18.25%
167.75
5.74
29.95% 125.56%
4.3B
1.8B
8.98% -6.64%
-11.49
2.34
5.60% -286.96%
2.4B
866.2M
3.43% 32.37%
-27.99
2.82
0.51% -335.26%
SMALL-CAP
2.4B
882.0M
14.11% -6.27%
-5.46
2.74
11.76% -239.94%
2.4B
426.3M
-1.62% 51.64%
25.05
5.56
1.38% 137.97%
1.0B
732.3M
- -27.89%
-12.06
1.4
-0.03% -4012.90%
1.0B
339.3M
-10.86% -15.80%
-5.75
2.99
88.48% -168.70%

Essex Property Trust News

MarketWatch
Essex Property Trust Inc. stock underperforms Friday when compared to competitors.
MarketWatch,
4 hours ago
Off Plan Property Exchange

Returns for ESS

Cumulative Returns on ESS

6.7%


10-Year Cumulative Returns

1.9%


7-Year Cumulative Returns

0.2%


5-Year Cumulative Returns

4.8%


3-Year Cumulative Returns

Risks for ESS

What is the probability of a big loss on ESS?

50.8%


Probability that Essex Property Trust stock will be more than 20% underwater in next one year

37.3%


Probability that Essex Property Trust stock will be more than 30% underwater in next one year.

20%


Probability that Essex Property Trust stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ESS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Essex Property Trust was unfortunately bought at previous high price.

Drawdowns

Financials for Essex Property Trust

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.0%1,6531,6371,6071,5631,5161,4671,4411,4311,4391,4591,4961,5091,5051,4961,4601,4381,4221,4091,4001,3921,385
Costs and Expenses0.9%1,1281,1181,1061,0951,0821,0681,0541,0591,0561,0661,0691,0491,027997976964958954950939934
  S&GA Expenses1.2%60.0060.0057.0058.0055.0054.0052.0058.0058.0061.0065.0058.0056.0055.0054.0056.0055.0052.0053.0047.0046.00
EBITDA-------857860866874880872862848835832833835---
EBITDA Margin-------0.60*0.60*0.60*0.60*0.59*0.58*0.57*0.57*0.57*0.58*0.59*0.59*---
Interest Expenses1.0%208205205203201202203208214217221220219219217217217219220222223
EBT Margin-------0.09*0.09*0.09*0.09*0.09*0.09*0.09*0.09*0.09*0.09*0.09*0.10*---
Net Income8.5%560516433383409417516473427448599633660668464454434442414399398
Net Income Margin-100.0%-0.32*0.27*0.24*0.27*0.28*0.36*0.33*0.30*0.31*0.40*0.42*0.44*0.45*0.32*------
Free Cashflow-100.0%-9379761,0149871,025905850805731803866915930919------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-0.3%12,24512,28012,37312,62412,55812,77012,99812,78912,74712,79012,93613,40113,17713,45112,70512,99812,67112,57812,38412,51812,556
    Cash Equivalents-10.0%61.0068.0033.0043.0038.0098.0048.0050.0048.0010374.0055824627281.0074.0038.00107151157161
Liabilities0.0%6,4526,4536,4516,7146,5186,5926,7876,6246,5756,5436,7217,1036,7917,0006,2646,5446,2896,2245,9546,0456,045
Shareholder's Equity-3.6%5,5855,7975,7165,7036,0076,1386,1776,1326,1376,2116,1836,2676,3536,4186,4046,4156,3456,3176,3946,4366,475
  Additional Paid-In Capital0.0%6,6576,6576,7506,7766,8766,9306,9166,8766,8636,8646,8766,9226,9456,9607,1227,1327,0327,0287,0937,1347,132
Shares Outstanding0.0%64.0064.0065.0065.0065.0065.0065.0065.0065.0065.0065.0065.0065.0066.0066.0066.0066.0066.0066.0066.0066.00
Minority Interest-0.8%177178179178179181183183183186183184187190183190190126127119120
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations1.8%9549379761,0149871,025905850805731803866915930919852833814827827821
  Share Based Compensation-9.7%6.007.007.008.008.008.007.009.008.008.008.005.006.006.007.007.007.007.007.0012.0012.00
Cashflow From Investing-89.7%10.0095.00146-371-290-438-397-210-134176-416-125-484-754-527-628-332-180-59.89-218-363
Cashflow From Financing11.3%-943-1,064-1,137-649-706-591-533-1,147-868-1,076-383-262-229-17.94-461-306-623-648-676-497-479
  Buy Backs-21.3%22528519015861.00-9.0055.0082.0010226922319617657.0010410410451.004.004.00

ESS Income Statement

2023-06-30
EPT - Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:    
Rental and other property$ 413,265$ 397,240$ 822,921$ 776,456
Management and other fees from affiliates2,7782,7385,5435,427
Revenues416,043399,978828,464781,883
Expenses:    
Property operating, excluding real estate taxes73,84369,761147,725138,619
Real estate taxes45,38143,75991,91191,001
Corporate-level property management expenses11,45110,17622,88320,348
Depreciation and amortization136,718134,517273,065268,050
General and administrative13,81313,12729,12425,369
Expensed acquisition and investment related costs51034418
Casualty loss004330
Total expenses281,211271,350565,485543,405
Gain on sale of real estate and land0059,2380
Earnings from operations134,832128,628322,217238,478
Interest expense(52,600)(50,477)(103,645)(100,854)
Total return swap income8212,2831,8544,827
Interest and other income (loss)12,199(17,208)24,649(24,775)
Equity income (loss) from co-investments12,237(8,400)23,10812,771
Deferred tax (expense) benefit on unconsolidated co-investments(1,733)6,864(833)9,618
Net income105,75661,690267,350140,065
Net income attributable to noncontrolling interest(6,136)(4,636)(14,198)(9,757)
Net income available to common stockholders99,62057,054253,152130,308
Comprehensive income121,14273,400272,442172,256
Comprehensive income attributable to noncontrolling interest(6,659)(5,029)(14,371)(10,842)
Comprehensive income attributable to controlling interest$ 114,483$ 68,371$ 258,071$ 161,414
Basic:    
Net income available to common stockholders (in dollars per share)$ 1.55$ 0.87$ 3.94$ 2.00
Weighted average number of shares outstanding during the period (in shares)64,182,55565,262,51764,319,78365,269,109
Diluted:    
Net income available to common stockholders (in dollars per share)$ 1.55$ 0.87$ 3.94$ 2.00
Weighted average number of shares outstanding during the period (in shares)64,183,67565,289,60364,320,89865,307,572

ESS Balance Sheet

2023-06-30
EPT - Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Rental properties:  
Land and land improvements$ 3,036,912$ 3,043,321
Buildings and improvements12,984,14312,922,906
Total rental properties16,021,05515,966,227
Less: accumulated depreciation(5,390,935)(5,152,133)
Net real estate10,630,12010,814,094
Real estate under development22,66824,857
Co-investments1,122,1141,127,491
Total real estate11,774,90211,966,442
Cash and cash equivalents-unrestricted60,94933,295
Cash and cash equivalents-restricted8,1659,386
Marketable securities, net of allowance for credit losses of zero as of both June 30, 2023 and December 31, 2022102,131112,743
Notes and other receivables, net of allowance for credit losses of $0.6 million and $0.3 million as of June 30, 2023 and December 31, 2022, respectively (includes related party receivables of $6.1 million and $7.0 million as of June 30, 2023 and December 31, 2022, respectively)150,464103,045
Operating lease right-of-use assets65,50567,239
Prepaid expenses and other assets83,15780,755
Total assets12,245,27312,372,905
LIABILITIES AND EQUITY  
Unsecured debt, net5,315,3365,312,168
Mortgage notes payable, net592,143593,943
Lines of credit34,42952,073
Accounts payable and accrued liabilities172,946165,461
Construction payable22,08923,159
Dividends payable155,739149,166
Distributions in excess of investments in co-investments47,93442,532
Operating lease liabilities66,85768,696
Other liabilities44,44043,441
Total liabilities6,451,9136,450,639
Commitments and contingencies
Redeemable noncontrolling interest31,35527,150
Equity:  
Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,183,304 and 64,604,603 shares issued and outstanding, respectively66
Additional paid-in capital6,657,4816,750,076
Distributions in excess of accumulated earnings(1,123,594)(1,080,176)
Accumulated other comprehensive income, net51,38546,466
Total stockholders' equity5,585,2785,716,372
Noncontrolling interest176,727178,744
Total equity5,762,0055,895,116
Total liabilities and equity$ 12,245,273$ 12,372,905
Michael J. Schall
1760
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. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.