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Essex Property Trust Inc   (ESS)
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Price: $239.0700 $1.94 0.818%
Day's High: $239.84 Week Perf: -1.61 %
Day's Low: $ 235.03 30 Day Perf: 5.2 %
Volume (M): 562 52 Wk High: $ 252.85
Volume (M$): $ 134,405 52 Wk Avg: $226.41
Open: $235.03 52 Wk Low: $195.03



 Market Capitalization (Millions $) 15,344
 Shares Outstanding (Millions) 64
 Employees 1,757
 Revenues (TTM) (Millions $) 1,653
 Net Income (TTM) (Millions $) 560
 Cash Flow (TTM) (Millions $) 21
 Capital Exp. (TTM) (Millions $) 65

Essex Property Trust Inc
Essex Property Trust Inc. is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, development, redevelopment, and management of multifamily residential properties. The company is based in San Mateo, California and was founded in 1971.

Essex Property Trust has a portfolio of over 60,000 apartment units located in affluent coastal communities in California, Seattle, and Denver. The company manages properties across all segments of the multifamily market, including luxury, mid-market, and affordable housing. Essex Property Trustes properties are known for their high-quality amenities, such as fitness centers, swimming pools, and community rooms.

The companyes competitive advantage is its focus on value-added investment opportunities. Essex Property Trustes strategy is to acquire existing properties that are under-managed or under-utilized, then reposition the assets through renovation, rebuilding, or rebranding. By expanding amenities, modernizing units, and improving resident experience, Essex Property Trust aims to increase rents and property values over time.

Essex Property Trust prides itself on being a responsible corporate citizen. The company has implemented several sustainability initiatives aimed at reducing energy consumption, greenhouse gas emissions, and waste. The company has also introduced green building standards for all new properties and has received numerous industry awards for its sustainability efforts.

In terms of financials, Essex Property Trust is a highly profitable organization. The company reported $1.5 billion in revenue in 2020, with a net income of $398 million. The companyes market capitalization is currently around $21 billion, and its investors enjoy a healthy dividend yield of around5%.

Overall, Essex Property Trust is a well-established and reputable player in the multifamily REIT market. With its focus on value-added investments, commitment to sustainability, and strong financials, the company is well-positioned to generate continued growth and value for its investors.


   Company Address: 1100 Park Place, Suite 200 San Mateo 94403 CA
   Company Phone Number: 655-7800   Stock Exchange / Ticker: NYSE ESS
    Next quarterly dividend pay out on April 12, 2024.


   

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Financing Agreement

Essex Property Trust Prices $350 Million of Senior Notes

Published Thu, Mar 7 2024 10:20 PM UTC

Essex Property Trust, a leading real estate investment trust based in San Mateo, California, has recently announced the pricing of its underwritten public offering of $350 million aggregate principal amount of 5.500% senior notes due in 2034. The offering was made through its operating partnership, Essex Portfolio, L.P. The senior notes were priced at 99.752% of their par va...

Dividend

Essex Property Trust Inc. Marks 30th Consecutive Dividend Increase Amidst Stock Momentum

Published Thu, Feb 22 2024 9:15 PM UTC

Essex Property Trust Inc. Continues Record of Dividend Growth amidst Strong Stock Performance
Essex Property Trust Inc. (NYSE:ESS) has once again demonstrated its commitment to shareholders by announcing its 30th consecutive annual dividend increase. The Board of Directors approved a 6.1% increase to the annual cash dividend, with a first quarter dividend of $2.45 per sh...

Dividend

Essex Property Trust Inc. Announces Noteworthy Amendments in 2023 Dividend Distributions

Published Fri, Jan 19 2024 9:15 PM UTC


In a significant financial update, Essex Property Trust, Inc. (NYSE:ESS) has today declared the income tax treatment for its 2023 distributions to shareholders. The announcement arises from the company's headquarters in San Mateo, California, complete with a comprehensive breakdown of the dividends' characteristics for the year 2023.
For the company's common stock, ...

Dividend

Essex Property Trust, Inc.: Sustaining Growth and Delivering Value Through Dividend Declaration

Published Fri, Dec 8 2023 9:15 PM UTC

Essex Property Trust, Inc. Declares Quarterly Dividend of $2.31 per Common Share
San Mateo, CA - Essex Property Trust, Inc. (NYSE:ESS) has announced that its Board of Directors has declared a regular quarterly cash dividend of $2.31 per common share. Shareholders of record as of January 2, 2024, will receive the dividend on January 12, 2024. This announcement demonstrate...






 

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