Essex Property Trust, Inc.

Symbol: ESS
CIK: 920522
Exchange: NYSE
Founded: 1971 (48 years)
HQ: San Mateo, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Residential

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See ESS on SEC.gov

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Essex Property Trust, Inc. Company Logo

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 9.0   Dividend Section Rating

Rating Dividend Section Avg. Rating
10 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.5
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.5
9 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 6.9
8 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 5.8
10 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 7.0
9.0 Overall Dividend Section Rating: The REIT’s total dividend score from the compilation of the below dividend analysis. 6.8

 8.8   Leverage Section Rating

Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.6
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 7.3
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.0
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 6.3
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.1
8.8 Overall Leverage Section Rating: The REIT’s total Debt Leverage score from the compilation of the above Debt analysis. 7.5

 7.8   Asset & Revenue Section Rating

Rating Asset & Revenue Section Avg. Rating
10 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.9
9 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.7
7 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
7.8 Overall Asset & Revenue Section Rating: The REIT’s total Asset, Revenues, and Administrative expenses score from the compilation of the above analysis. 7.2

 8.5   Overall REITRating™ Score


REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Stock Chart

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Hightlights of Trading Day August 19, 2019


Open Price: $315.71
Closing Price: $317.77
Price Change: 3.05 (0.969%)
Lowest Price: $313.87
Highest Price: $318.19

52-Week Low: $235.51
52-Week High: $317.77
52-Week Change: 30.77%

5 Day Price Change: 0.78%
1 Month Price Change: 6.72%
3 Month Price Change: 10.80%
6 Month Price Change: 12.30%
YTD Price Change: 33.02%
1 Year Price Change: 29.51%
2 Year Price Change: 13.61%
5 Year Price Change: 58.04%

Dividend of Trading Day August 19, 2019


Dividend Yield: 2.455%*
Annualized Dividend: $7.8*
Dividend Yield (TTM):
Annualized Dividend (TTM): $7.62
Ex Dividend Date: 2019-06-27
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day August 19, 2019


Total Cash: $151,395,000
Current Debt: $590,658,000
Revenue: $1,416,526,000
Gross Profit: $520,246,000
Total Revenue: $1,416,526,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $947,738,000
Revenue Per Share: $22
Revenue Per Employee: $775,754
Employee: 1,826
Debt to Equity Ratio (D/E): 0.89
Profit Margin: 0.28%
Enterprise Value (EV): $26,003,091,640
Enterprise Value to Revenue (EV/R): 18.36
Price to Sales (P/S): 14.51
Price to Book (P/B): 3.30
Peg Ratio: -6.41
P/E Ratio: 51.10
P/E High: 50.47
P/E Low: 37.92
Forward P/E Ratio: 52.54
Market Capitalization: $20,886,386,560
Beta: 0.36
Latest Volume: 323,995.00
Avg. Total Volume: 308,878
Avg. 10 Volume: 341,179.50
Avg. 30 Volume: 308,878.43
TTM EPS: 6.22
TTM Dividend Rate: 7.62
Shares Outstanding: 65,728,000
Float: 65,303,265.66
50-Day Moving Avg.: 301.78
200-Day Moving Avg.: 279.49

Latest REIT Community Comments on #ESS


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Properties Owned by ESS


Properties owned:
245
Types:
1
States:
2
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
ESS Sample Property
Please visit this REIT’s official webpage to learn more.

Dividend History


Below are the most recent cash dividends paid by ESS, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 54,971,000 124,126,000 151,395,000 174,626,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 1,540,815,000 1,522,691,000 1,509,685,000 1,478,189,000
Property, Plant & Equipment Net 76,205,000 76,996,000 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 100,000 0
Other Assets 44,233,000 42,783,000 39,339,000 50,924,000
Net Tangible Assets 6,154,907,000 6,191,257,000 6,267,073,000 6,316,961,000
Total Assets 12,671,145,000 12,578,001,000 12,383,596,000 12,518,143,000
Accounts Payable 0 0 0 0
Liabilities (Other) 369,722,000 487,836,000 348,335,000 411,778,000
Current Liabilities (Other) 134,440,000 134,339,000 128,529,000 128,831,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 118,081,000 612,190,000 590,658,000 68,054,000
Long-term Debt 5,801,396,000 5,123,611,000 5,015,284,000 5,565,618,000
Total Liabilities 6,289,199,000 6,223,637,000 5,954,277,000 6,045,450,000
Minority Interest 5,786,000 6,647,000 6,620,000 5,135,000
Common Stock 7,000 7,000 7,000 7,000
Retained Earnings -857,994,000 -822,087,000 -812,796,000 -808,085,000
Treasury Stock 0 0 0 0
Capital Surplus 7,031,886,000 7,028,154,000 7,093,079,000 7,133,587,000
Shareholder Equity 6,154,907,000 6,191,257,000 6,267,073,000 6,316,961,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 365,561,000 360,135,000 357,090,000 355,034,000
Cost of Revenue 223,124,000 227,037,000 226,796,000 226,388,000
Gross Profit 142,437,000 133,098,000 130,294,000 128,646,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 237,051,000 240,496,000 243,708,000 236,989,000
Operating Income 128,486,000 151,142,000 114,597,000 117,614,000
Income Expense Net (Other) -30,425,000 -25,637,000 9,843,000 -31,504,000
EBIT 128,486,000 151,142,000 114,597,000 117,614,000
Interest Income 56,063,000 55,510,000 56,071,000 57,133,000
Pretax Income 98,061,000 125,505,000 124,440,000 86,110,000
Income Tax 0 0 0 0
Minority Interest 5,786,000 6,647,000 6,620,000 5,135,000
Net Income 92,275,000 118,858,000 117,820,000 80,975,000
Net Income Basic 92,275,000 118,858,000 117,820,000 80,975,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 92,275,000 118,858,000 117,820,000 80,975,000
Depreciation 119,465,000 120,568,000 120,597,000 120,852,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -69,155,000 -27,269,000 -23,231,000 -2,950,000
Cash Flow 190,731,000 265,759,000 166,514,000 281,484,000
Capital Expenditures -24,852,000 -17,075,000 -26,794,000 -23,915,000
Investments -107,105,000 -228,542,000 80,180,000 -77,189,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -130,842,000 -241,534,000 53,557,000 -100,784,000
Dividends Paid -128,161,000 -122,525,000 -122,872,000 -122,856,000
Net Borrowings 4,019,000 131,814,000 -68,238,000 -54,480,000
Cash Flow Financing -129,044,000 -51,494,000 -243,302,000 -183,650,000
Financing Cash Flows (Other) -6,884,000 -10,473,000 -7,759,000 -7,071,000
Exchange Rate Effect 0 0 0 0

About Essex Property Trust, Inc.


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. The portfolio is concentrated in select coastal submarkets along the West Coast, including Southern California, Northern California, and the Seattle metropolitan area. Essex currently has ownership interests in 246 apartment communities with an additional 5 properties in various stages of active development. Essex’s beginnings go back to 1971, when real estate entrepreneur, George M. Marcus formed Essex Property Corporation. In 1994, with a portfolio of 16 multifamily communities located on the West Coast, the Company made its public debut as Essex Property Trust, Inc. (NYSE:ESS).

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