Essex Property Trust, Inc. | REIT Profile
Symbol: ESS
CIK: 920522
Exchange: NYSE
Founded: 1971 (50 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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See score breakdown | See trend
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
Stock Chart
See in Advanced Graph ViewHightlights of Trading Day March 1, 2021
Dividend of Trading Day March 1, 2021
Latest News Headlines
- Mon, 22 Feb 2021 22:06:23 +0000 (UTC) - Essex Property Trust - Essex Property Trust Prices $450 Million of Senior Notes
- Thu, 18 Feb 2021 21:15:37 +0000 (UTC) - Essex Property Trust - Essex Announces its 27th Consecutive Annual Dividend Increase
- Thu, 04 Feb 2021 21:15:36 +0000 (UTC) - Essex Property Trust - Essex Announces Fourth Quarter and Full-Year 2020 Results and 2021 Guidance
- Fri, 15 Jan 2021 21:16:02 +0000 (UTC) - Essex Property Trust - Essex Reports Characteristics of 2020 Dividends
- Mon, 28 Dec 2020 21:15:33 +0000 (UTC) - Essex Property Trust - Essex Property Trust Announces Executive Leadership Succession
Funds From Operations (FFO)
Key Stats of Trading Day March 1, 2021
Latest REIT Community Comments on #ESS
- Prices are still going up, I took advantage today to buy some of the REITs with the highest REIT Rating score which traditionally are very expensive but are still at a discount. These REITs also have consistently been increasing their dividends. Some that I bought today are AvlonBay Communities #AVB, Crown Castle Int #CCI, Essex Property #ESS and PS Business Park #PSB. I’m aware that these last two days prices have been higher and may fall in later part of week, but I’m ok with that. - 777i - 2020-04-08 10:43:29 - See full comment
- I’ve bought #GEO, what I’m trying to buy more of before the all rebound are the ones that have strong market cap values, tendency to increase dividends and low dividend yield due to their high prices, this is my list #O, #HIW, #AAT, #AVB, #CPT, #UDR, #MAA, #DEA, #ESS, #DEI, #PSB, #CCI, #DLR, #CONE, #EGP, #DRE, #ARE, #PLD, #FR, #SUI, #ELS, #COLD, #TRNO, and #REXR for now. However, I am buying other stocks in the mix and trying to time this as best I can. - Kev B - 2020-04-07 01:14:44 - See full comment
- Isn’t Essex Properties (#ess) which has multifamily properties located in only 2 states one of them being California and the other Washington. - Rocco64 - 2019-09-12 10:02:45 - See full comment
Properties Owned by ESS
Properties Based on REIT's Official Presentation
| 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
Properties Based on Earnings Report's 10-K
Occupancy Rate
REIT Simulation
Dividend History
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
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).
REITRating™ Scorecard
| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 9 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 4.1 |
| 10 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 6.1 |
| 9 | Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. | 8.9 |
| 9 | Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. | 7.5 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| 9 | FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. | 7.9 |
| 10 | Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. | 8.5 |
| 10 | Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. | 9.0 |
| Rating | Leverage Section | Avg. Rating |
| 10 | Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. | 6.8 |
| 10 | Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. | 8.0 |
| 8 | Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. | 7.8 |
| 8 | Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. | 8.6 |
| 6 | Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. | 5.0 |
| 7 | Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. | 6.7 |
| Rating | Asset & Revenue Section | Avg. Rating |
| 6 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 4.9 |
| 7 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 6.8 |
| Rating | Properties Section | Avg. Rating |
| 9 | Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. | 7.4 |
| 8 | Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. | 6.9 |
| 8 | Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. | 8.2 |
| 8 | Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. | 8.0 |
| Rating | Market Cap Section | Avg. Rating |
| 3 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 5.6 |
| 8.4 | Overall REITRating™ Score (See trend) | 6.1 |
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.
Related REITs
| 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) | 8.7 | NYSE | Large-Cap | Residential | United States |
| Apartment Investment & Management Co. (Aimco) (AIV) | 7.2 | NYSE | Small-Cap | Residential | United States |
| AvalonBay Communities, Inc. (AVB) | 8.5 | NYSE | Large-Cap | Residential | United States |
| UDR Inc. (UDR) | 8.6 | NYSE | Large-Cap | Residential | United States |
| Independence Realty Trust, Inc. (IRT) | 6.3 | NYSE | Small-Cap | Residential | United States |
| American Homes 4 Rent (AMH) | 7.5 | NYSE | Mid-Cap | Residential | United States |
Last updated: 2021-03-02