Symbol: ESS
CIK: 920522
Exchange: NYSE
Founded: 1971 (49 years)
HQ: San Mateo, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Residential
See ESS on Google Finance
See ESS on Yahoo Finance
See ESS on SEC.gov
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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More
| Properties | Types | States | Countries |
|---|---|---|---|
| 245 | 1 | 2 | 1 |
Please visit REIT’s official webpage for the most up-to-date property list.
Sample of REIT’s Properties. Image Source - REIT’s website
Below are the most recent cash dividends paid by ESS. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
Login to see Dividend History |
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See Annual Balance Sheet | See Quarterly Balance Sheet
See Annual Income Statement | See Quarterly Income Statement
See Annual Cash Flow | See Quarterly Cash Flow
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).
| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 9 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 4.8 |
| 10 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 6.7 |
| 9 | Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. | 9.0 |
| 6 | Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. | 7.2 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| 10 | FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. | 8.5 |
| 8 | FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. | 6.7 |
| 8 | Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. | 7.0 |
| 9 | Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. | 7.9 |
| Rating | Leverage Section | Avg. Rating |
| 9 | Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. | 5.3 |
| 10 | Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. | 6.2 |
| 9 | Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. | 8.0 |
| 8 | Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. | 7.9 |
| 7 | Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. | 5.1 |
| 8 | Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. | 6.9 |
| Rating | Asset & Revenue Section | Avg. Rating |
| 8 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 6.2 |
| 7 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 7.5 |
| Rating | Properties Section | Avg. Rating |
| 9 | Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. | 8.1 |
| 8 | Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. | 7.7 |
| 8 | Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. | 8.1 |
| 8 | Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. | 8.0 |
| Rating | Market Cap Section | Avg. Rating |
| 2 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 4.8 |
| 8.3 | Overall REITRating™ Score | 6.4 |
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.
| REIT | REITRating™ Score | Exchange | Market Capitalization | Sector | Country |
|---|---|---|---|---|---|
| Equity Residential (EQR) | 8.3 | NYSE | Large-Cap | Residential | United States |
| Mid-America Apartment Communities, Inc. (MAA) | 8.3 | NYSE | Large-Cap | Residential | United States |
| Apartment Investment & Management Co. (Aimco) (AIV) | 7.1 | NYSE | Mid-Cap | Residential | United States |
| AvalonBay Communities, Inc. (AVB) | 8.4 | NYSE | Large-Cap | Residential | United States |
| UDR Inc. (UDR) | 8.4 | NYSE | Large-Cap | Residential | United States |
| Independence Realty Trust, Inc. (IRT) | 7.2 | NYSE | Small-Cap | Residential | United States |
| American Homes 4 Rent (AMH) | 7.0 | NYSE | Mid-Cap | Residential | United States |