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ESS financials

Essex Property Trust, Inc. · end-of-day data as of Oct 16, 2026

Essex Property Trust, Inc.
ESS · $17.31B
$269.43-7.3%last 60 sessions · close Oct 16, 2026
$232.75$295.5152 weeks
Buy · 26 analystsPT $293.13 +8.8%
  • P/E vs own+42.0%
  • P/E vs sector+37.3%
  • Target upside+8.8%
  • Off 52w high-8.8%
  • InsidersNone in 90d
  • FCF yield+6.0%
  • Earnings in11d
  • Trendbullish
  • Sector→ -7.8%
  • RSI45
  • MA20×50↑ in ~20d
  • Volume0.8x
  • Support-1.3%
  • Resistance+3.0%

ESS reported revenue of $489M for the quarter ended Jun 30, 2026 (Q2 FY2026), up 4.1% from a year earlier. It posted diluted EPS of $0.97, free cash flow of $274M and a net margin of 12.8%.

Valuation

  • P/E41.9x
  • P/E vs own+42.0%
  • P/E vs sector+37.3%
  • FCF yield+6.0%
  • Market cap$17.31B

Quarterly results

Q2 FY2026: Revenue +4.1% year over year, free cash flow 56.0% of revenue, operating margin 22.0%.

RevenueFree cash flow
Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026
Q2 FY2026Jun 30, 2026$489M0.97$274M68.4%22.0%12.8%
Q1 FY2026Mar 31, 2026$485M1.65$267M70.9%32.0%21.9%
Q4 FY2025Dec 31, 2025$480M1.25$195M68.6%30.3%17.4%
Q3 FY2025Sep 30, 2025$473M2.56$306M69.7%32.1%34.8%
Q2 FY2025Jun 30, 2025$470M3.44$180M68.6%59.5%47.1%
Q1 FY2025Mar 31, 2025$478M3.16$254M68.4%53.8%42.5%
Q4 FY2024Dec 31, 2024$454M4.01$179M14.4%67.0%56.6%
Q3 FY2024Sep 30, 2024$462M1.84$280M68.3%27.9%25.6%
Q2 FY2024Jun 30, 2024$442M1.45$184M69.0%31.1%21.0%
Q1 FY2024Mar 31, 2024$439M4.25$288M68.7%30.1%62.1%
Q4 FY2023Dec 31, 2023$422M1.02$158M86.1%30.9%15.5%
Q3 FY2023Sep 30, 2023$419M1.36$250M86.1%31.4%20.8%