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ESS

212.90USD+1.82(+0.86%)Market Closed

Essex Property Trust Inc

Market Summary

USD212.90+1.82Market Closed
0.86%

ESS Stock Price

RSI Chart

Valuation

Market Cap

14.4B

Price/Earnings

35.17

Price/Sales

9.21

Price/Cashflow

14.19

MarketCap/EBT

139.33

Price/Sales

Profitability

EBT Margin

9.32%

Return on Equity

6.96%

Return on Assets

3.24%

Fundamentals

Revenue

Revenue (TTM)

1.6B

Revenue Y/Y

13.96%

Revenue Q/Q

5.47%

Earnings

Earnings (TTM)

409.2M

Earnings Y/Y

-21.04%

Earnings Q/Q

59.99%

Price Action

52 Week Range

205.76357.09
(Low)(High)

Last 7 days

-1.6%

Last 30 days

-1.5%

Last 90 days

-22.4%

Trailing 12 Months

-36.5%

Financial Health

Debt/Equity

1.02

Debt/Cashflow

0.17

Investor Care

Dividend Yield

3.91%

Dividend/Share (TTM)

8.69

Buy Backs (1Y)

0.50%

Diluted EPS (TTM)

5.53

Peers (Alternatives to Essex Property Trust)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
3.8B
4.05% -9.82%
24.01
14.3
23.77% 170.44%
36.1B
5.2B
2.33% -19.47%
14.04
7.05
10.93% 41.97%
29.1B
4.5B
11.66% -32.89%
21.77
6.46
5.62% 106.20%
23.9B
-
0.40% -26.92%
44.1
9.58
24.72% -42.18%
23.7B
2.7B
0.72% -26.09%
20.74
8.86
60.22% 8.14%
13.1B
1.7B
3.13% -3.30%
50.71
7.62
40.37% -73.28%
MID-CAP
7.3B
1.0B
1.56% -14.60%
26.1
7.17
14.39% 59.45%
4.6B
392.5M
-4.84% -43.84%
22.95
13.26
-74.80% 441.99%
4.3B
760.3M
4.55% 7.71%
-39.09
6.74
172.75% -1136.68%
2.5B
796.4M
-8.04% -48.19%
8.02
3.21
-9.94% -109.68%
2.4B
861.8M
3.76% -30.83%
63.8
2.74
9.59% 46.68%
2.1B
-
0.33% 22.89%
32.23
11.01
- -
SMALL-CAP
1.9B
432.4M
1.02% -4.14%
23.11
4.36
3.91% 1705.32%
1.5B
740.6M
-14.57% -34.08%
538.82
1.96
2.16% 107.41%
1.2B
195.1M
7.32% 4.54%
5
3.44
20.60% 695.00%

Financials for Essex Property Trust

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-100.0%null1,5141,4651,4411,431
  S&GA Expenses4.5%5855545258
Net Income-6.4%383409417516473
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.5%12,62412,55812,77012,99812,789
    Cash Equivalents10.5%54481095961
Liabilities3.0%6,7146,5186,5926,7876,624
  Long Term Debt0.0%5,9855,9865,9876396,089
Shareholder's Equity-2.1%5,7035,8285,9575,9945,949
  Additional Paid-In Capital-1.5%6,7766,8766,9306,9166,876
Shares Outstanding-0.6%6565656565
Minority Interest-0.5%178179181183183
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations2.8%1,0149871,025905850
  Share Based Compensation2.1%88879
Cashflow From Investing-28.1%-371.57-290.11-438.55-397.40-210.12
Cashflow From Financing8.0%-649.93-706.33-591.39-533.26-1,147.55
  Buy Backs159.7%158610955
* denotes actual numbers (not divided by Millions)

Risks

What is the probability of a big loss on ESS?

35.8%


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

23.9%


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

18.5%


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.

Returns

Cumulative Returns on ESS

7.1%


10-Year Cumulative Returns

1.6%


7-Year Cumulative Returns

0.4%


5-Year Cumulative Returns

-9.4%


3-Year Cumulative Returns

What are the long-term rolling returns for ESS?

FIve years rolling returns for Essex Property Trust.

Which funds bought or sold ESS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
SOLD OFF
-100
-267,000
-
-%
2022-11-23
Eagle Bay Advisors LLC
REDUCED
-40
-308
1,000
-%
2022-11-23
Toroso Investments, LLC
ADDED
441.18
1,391,000
1,738,000
0.07%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
1,450,000
1,450,000
0.02%
2022-11-22
CVA Family Office, LLC
UNCHANGED
-
-
5,000
-%
2022-11-21
FourThought Financial, LLC
ADDED
137.49
644,000
1,180,000
0.17%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-0.32
-2,255,000
27,133,000
0.05%
2022-11-18
Power Corp of Canada
NEW
-
363,000
363,000
0.05%
2022-11-18
Claro Advisors LLC
UNCHANGED
-
-
662,000
0.26%
2022-11-18
National Pension Service
ADDED
1.82
-1,610,000
21,132,000
0.04%

1–10 of 46

Latest Funds Activity

Are funds buying ESS calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own ESS

Essex Property Trust News

MarketBeat

KeyCorp Cuts Essex Property Trust (NYSE:ESS) Price Target to $240.00.61 minutes ago

GuruFocus.com

Orange County Business Journal

ESS Fair Value

Recent SEC filings of Essex Property Trust

View All Filings
Date Filed Form Type Document
Oct 27, 2022
10-Q
Quarterly Report
Oct 26, 2022
8-K
Current Report
Oct 03, 2022
8-K
Current Report
Sep 12, 2022
8-K
Current Report

Latest Insider Trading transactions for ESS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-05-10
MARCUS GEORGE M
ACQUIRED
-
-
960
-
2022-03-29
SCHALL MICHAEL J
ACQUIRED
3,017,230
248.7
12,132
President and CEO
2022-03-29
SCHALL MICHAEL J
SOLD
-4,236,370
349.19
-12,132
President and CEO
2022-03-29
Kleiman Angela L.
SOLD
-2,234,710
354.21
-6,309
Sr. EVP & COO
2022-03-29
Kleiman Angela L.
ACQUIRED
1,569,050
248.7
6,309
Sr. EVP & COO
2022-03-15
Johnson Amal M
SOLD
-2,454,880
334.954
-7,329
-
2022-03-15
Johnson Amal M
ACQUIRED
1,684,940
229.9
7,329
-
2022-01-20
Farias John
ACQUIRED
-
-
295
Senior Vice President and CAO
2022-01-20
SCHALL MICHAEL J
SOLD (Taxes)
-528,518
335.78
-1,574
President and CEO
2022-01-20
Kleiman Angela L.
ACQUIRED
-
-
1,996
Sr. EVP & COO

1–10 of 50

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.

ESS Income Statement

2022-09-30
EPT - Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
1 Months Ended3 Months Ended9 Months Ended
Jul. 31, 2022
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:     
Rental and other property $ 406,862$ 360,620$ 1,183,318$ 1,062,253
Management and other fees from affiliates 2,8862,2378,3136,707
Revenues 409,748362,8571,191,6311,068,960
Expenses:     
Property operating, excluding real estate taxes 73,45069,537212,069197,880
Real estate taxes 46,59345,802137,594135,408
Corporate-level property management expenses 10,1849,06030,53227,135
Depreciation and amortization 135,511130,564403,561387,887
General and administrative 15,17212,71240,54134,746
Expensed acquisition and investment related costs 230108248164
Total expenses 281,140267,783824,545783,220
Gain on sale of real estate and land 042,8970142,993
Earnings from operations 128,608137,971367,086428,733
Interest expense (51,645)(50,019)(152,499)(152,639)
Total return swap income 1,8822,6606,7098,137
Interest and other (loss) income (6,796)11,998(31,571)48,756
Equity income from co-investments 10,98525,43323,75660,692
Deferred tax (expense) benefit on unconsolidated co-investments (1,755)(3,041)7,863(5,391)
Loss on early retirement of debt, net (2)0(2)(18,982)
Gain on remeasurement of co-investment$ 17,40017,423017,4232,260
Net income 98,700125,002238,765371,566
Net income attributable to noncontrolling interest (5,858)(6,612)(15,615)(19,886)
Net income available to common stockholders 92,842118,390223,150351,680
Comprehensive income 124,797125,829297,053377,529
Comprehensive income attributable to noncontrolling interest (6,740)(6,639)(17,582)(20,088)
Comprehensive income attributable to controlling interest $ 118,057$ 119,190$ 279,471$ 357,441
Basic:     
Net income available to common stockholders/unitholders (in dollars per share) $ 1.43$ 1.82$ 3.42$ 5.41
Weighted average number of shares/common units outstanding during the period (in shares) 65,059,67865,048,48665,198,53265,013,477
Diluted:     
Net income available to common stockholders/unitholders (in dollars per share) $ 1.43$ 1.82$ 3.42$ 5.40
Weighted average number of shares/common units outstanding during the period (in shares) 65,067,79065,147,78165,225,76765,075,174

ESS Balance Sheet

2022-09-30
EPT - Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Rental properties:  
Land and land improvements$ 3,059,246$ 3,032,678
Buildings and improvements12,912,35912,597,249
Total rental properties15,971,60515,629,927
Less: accumulated depreciation(5,047,880)(4,646,854)
Net real estate10,923,72510,983,073
Real estate under development23,752111,562
Co-investments1,145,3451,177,802
Total real estate12,092,82212,272,437
Cash and cash equivalents-unrestricted42,71148,420
Cash and cash equivalents-restricted10,85810,218
Marketable securities, net of allowance for credit losses of zero as of both September 30, 2022 and December 31, 2021141,699191,829
Notes and other receivables, net of allowance for credit losses of $0.8 million as of both September 30, 2022 and December 31, 2021 (includes related party receivables of $6.7 million and $176.9 million as of September 30, 2022 and December 31, 2021, respectively)197,543341,033
Operating lease right-of-use assets66,53168,972
Prepaid expenses and other assets72,16664,964
Total assets12,624,33012,997,873
LIABILITIES AND EQUITY  
Unsecured debt, net5,312,1315,307,196
Mortgage notes payable, net635,389638,957
Lines of credit219,481341,257
Accounts payable and accrued liabilities222,328180,751
Construction payable25,72929,136
Dividends payable149,685143,213
Distributions in excess of investments in co-investments38,39435,545
Operating lease liabilities68,04370,675
Other liabilities42,71539,969
Total liabilities6,713,8956,786,699
Commitments and contingencies
Redeemable noncontrolling interest29,23834,666
Equity:  
Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,753,312 and 65,248,393 shares issued and outstanding, respectively67
Additional paid-in capital6,775,8726,915,981
Distributions in excess of accumulated earnings(1,123,215)(916,833)
Accumulated other comprehensive income (loss), net50,769(5,552)
Total stockholders' equity5,703,4325,993,603
Noncontrolling interest177,765182,905
Total equity5,881,1976,176,508
Total liabilities and equity/capital$ 12,624,330$ 12,997,873