ESS Essex Property Trust margins

Relative Growth: Rel. Growth: 40

Relative Strength: Rel. Strength: 50

Relative Valuation: Rel. Valuation: 20

Relative Profitability: Rel. Profitability: 57

Gross margin

67.9%

Operating margin

29.2%

EBITDA margin

67%

Net margin

21.5%

The Essex Property Trust reports a gross margin of 67.9%, an operating margin of 29.2%, an EBITDA margin of 67%, and a net margin of 21.5%. EBITDA margin declined by 22.5 percentage points, while other available margins were unchanged.

ESS margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Essex Property Trust's margins averaged 67.98% gross, 30.75% operating, 79.68% EBITDA, and 33.84% net. Compared with their three-year averages, all four current margins are lower.

ESS margin expansion

Year-over-year margin changes in percentage points

From the same period last year, operating margin contracted by 1.1 percentage points, EBITDA margin by 22.5 percentage points, and net margin by 22 percentage points, while gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

-1.1pp

EBITDA margin expansion

-22.5pp

Net margin expansion

-22pp

ESS Gross margin

Across the last 3 years, Essex Property Trust's gross margin stood at 67.98%. The current gross margin stands at 67.9%, 0.1 percentage points below its three-year average. Gross margin was highest at 68.2% in Jun 2024 and lowest at 67.8% in Sep 2025.

ESS Operating margin

Essex Property Trust's operating margin averaged 30.75% across the past 3 years. Essex Property Trust's current operating margin is 29.2% and is 1.6 percentage points below its three-year average. Over the last 3 years, Essex Property Trust's operating margin peaked at 31.9% in Mar 2026 and reached a low of 29.2% in Jun 2026.

ESS EBITDA margin

Over the last 3 years, the average EBITDA margin for Essex Property Trust was 79.68%. The latest EBITDA margin for Essex Property Trust is 67%, 12.7 percentage points below its three-year average. Essex Property Trust's EBITDA margin ranged from a low of 67% in Jun 2026 to a high of 91.5% in Sep 2025.

ESS Net margin

Reviewing the last 3 years, Essex Property Trust recorded an average net margin of 33.84%. At present, Essex Property Trust's current net margin is 21.5%, which is 12.3 percentage points below its three-year average. The highest net margin for Essex Property Trust was 45.5% in Sep 2025, while the lowest was 21.5% in Jun 2026.

ESS margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 67.9%, ESS is above the Real Estate sector, the industry and its peers average. Compared to its Real Estate sector average of 63%, Essex Property Trust's gross margin is 8% higher.

ESS margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Essex Property Trust's gross margin?

As of Jun 30, 2026, ESS has a gross margin of 67.9%.

What is Essex Property Trust's operating margin?

As of Jun 30, 2026, ESS has an operating margin of 29.2%.

What is Essex Property Trust's EBITDA margin?

For the period ending Jun 30, 2026, ESS recorded an EBITDA margin of 67%.

What is Essex Property Trust's net margin?

The current net margin for ESS is 21.5% as of Jun 30, 2026.

What are the average margins of ESS?

The three-year average margins for ESS were 68.0% gross, 30.8% operating, 79.7% EBITDA, and 33.8% net.

What are the highest historical margins of ESS?

Over the last 5 years, Essex Property Trust's highest margins were 68.6% gross in Mar 2023, 31.9% operating in Mar 2026, 91.5% EBITDA in Sep 2025, and 45.5% net in Sep 2025.

What are the lowest historical margins of ESS?

Looking back across 5 years, ESS reached its lowest margins at 66.6% gross in Dec 2021, 26.9% operating in Dec 2021, 67% EBITDA in Jun 2026, and 21.5% net in Jun 2026.