ESS Essex Property Trust, Inc.

Price (delayed)

$219.15

Market cap

$14.34B

P/E Ratio

22.76

Dividend/share

$8.06

EPS

$9.63

Enterprise value

$20.63B

Sector: Real Estate
Industry: REIT - Residential
Essex Property Trust, Inc. operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.

Highlights

ESS's net income has surged by 52% year-on-year and by 45% since the previous quarter
Essex Property Trust's EPS has surged by 52% YoY and by 44% QoQ
Essex Property Trust's debt has increased by 13% YoY and by 12% from the previous quarter

Key stats

What are the main financial stats of ESS
Market
Shares outstanding
65.42M
Market cap
$14.34B
Enterprise value
$20.63B
Valuations
Price to earnings (P/E)
22.76
Price to book (P/B)
2.33
Price to sales (P/S)
9.67
EV/EBIT
24.14
EV/EBITDA
15.29
EV/Sales
13.78
Earnings
Revenue
$1.5B
EBIT
$854.28M
EBITDA
$1.35B
Free cash flow
$62.3M
Per share
EPS
$9.63
Free cash flow per share
$0.94
Book value per share
$94.12
Revenue per share
$22.66
TBVPS
$203.67
Balance sheet
Total assets
$13.45B
Total liabilities
$7B
Debt
$6.57B
Equity
$6.23B
Working capital
N/A
Liquidity
Debt to equity
1.06
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
4.66
Margins
EBITDA margin
90.2%
Gross margin
70.6%
Net margin
42.5%
Operating margin
33.2%
Efficiency
Return on assets
4.9%
Return on equity
10.2%
Return on invested capital
4.5%
Return on capital employed
N/A
Return on sales
57.1%
Dividend
Dividend yield
3.68%
DPS
$8.06
Payout ratio
83.7%

ESS stock price

How has the Essex Property Trust stock price performed over time

Financial performance

How have Essex Property Trust's revenue and profit performed over time
Revenue
$1.5B
Gross profit
$1.06B
Operating income
$496.25M
Net income
$635.43M
Gross margin
70.6%
Net margin
42.5%
ESS's net income has surged by 52% year-on-year and by 45% since the previous quarter
Essex Property Trust's net margin has increased by 43% YoY and by 41% from the previous quarter
ESS's operating margin is down by 10% year-on-year
Essex Property Trust's gross profit has increased by 7% YoY and by 2.6% from the previous quarter

Valuation

What is Essex Property Trust stock price valuation
P/E
22.76
P/B
2.33
P/S
9.67
EV/EBIT
24.14
EV/EBITDA
15.29
EV/Sales
13.78
Essex Property Trust's EPS has surged by 52% YoY and by 44% QoQ
ESS's price to earnings (P/E) is 50% lower than its 5-year quarterly average of 45.4 and 45% lower than its last 4 quarters average of 41.3
The stock's P/B is 22% below its last 4 quarters average of 3.0 and 10% below its 5-year quarterly average of 2.6
ESS's P/S is 25% lower than its last 4 quarters average of 12.9 and 21% lower than its 5-year quarterly average of 12.3
Essex Property Trust's revenue has increased by 6% YoY and by 2.5% from the previous quarter

Efficiency

How efficient is Essex Property Trust business performance
The ROE has soared by 52% YoY and by 44% from the previous quarter
The ROA has grown by 49% YoY and by 44% from the previous quarter
Essex Property Trust's return on invested capital has increased by 29% QoQ and by 29% YoY
Essex Property Trust's return on sales has increased by 27% QoQ and by 26% YoY

Dividends

What is ESS's dividend history
DPS
$8.06
Dividend yield
3.68%
Payout ratio
83.7%
Recent dividends

Financial health

How did Essex Property Trust financials performed over time
The total assets is 92% more than the total liabilities
ESS's total liabilities is up by 13% year-on-year and by 12% since the previous quarter
The total assets has increased by 7% YoY and by 6% from the previous quarter
Essex Property Trust's debt is 6% more than its equity
Essex Property Trust's debt has increased by 13% YoY and by 12% from the previous quarter
The debt to equity has increased by 13% YoY and by 12% from the previous quarter

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.