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Essex Property Trust Inc (NYSE: ESS) |
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Price: $277.2900
$-1.71 
-0.613%
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| Day's High:
| $280.0199890136719
| Week Perf:
| -1.24 %
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| Day's Low: |
$ 275.00 |
30 Day Perf: |
-3.45 % |
| Volume (M): |
829,666 |
52 Wk High: |
$ 303.89 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$265.74 |
| Open: |
$280.19 |
52 Wk Low: |
$238.46 |
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| Market Capitalization (Millions $) |
17,875 |
| Shares
Outstanding (Millions) |
64 |
| Employees |
1,689 |
| Revenues (TTM) (Millions $) |
1,908 |
| Net Income (TTM) (Millions $) |
602 |
| Cash Flow (TTM) (Millions $) |
-60 |
| Capital Exp. (TTM) (Millions $) |
557 |
Business Description
Essex Property Trust Inc. is a prominent publicly traded real estate investment trust (REIT) that focuses on multifamily residential properties. Founded in 1971 and headquartered in San Mateo, California, the company has built a robust portfolio primarily located in affluent coastal markets, particularly in California, along with select regions in Seattle and Denver.
Portfolio and Property Management
Essex Property Trust boasts an expansive portfolio of over 60,000 apartment units that cater to various market segments, including luxury, mid-market, and affordable housing. The company is known for its high-quality properties, which come equipped with a wide range of amenities. These often include:
- Fitness centers
- Swimming pools
- Community rooms
- Outdoor spaces
- Business centers
The company strategically focuses on locations that not only offer attractive living conditions but also provide substantial long-term growth potential. Their properties are generally situated in desirable neighborhoods that offer residents access to quality schools, employment opportunities, and various recreational activities.
Investment Strategy
Essex Property Trust employs a value-added investment strategy, which involves acquiring properties that have significant potential for improvement. The company targets assets that are either under-managed or not fully optimized. Their strategy is comprehensive and usually entails:
- Renovating existing units
- Enhancing and modernizing common areas
- Rebranding properties to elevate their market position
By making these enhancements, Essex aims to improve the overall resident experience and consequently increase both rent prices and property valuations over the long term. This focus on value creation through strategic renovations and upgrades has allowed Essex to maintain a strong competitive edge in the multifamily housing market.
Sustainability Initiatives
In addition to its investment strategy, Essex Property Trust places a strong emphasis on sustainability and corporate responsibility. The company has introduced several initiatives aimed at reducing its environmental impact, including:
- Energy conservation programs
- Green building standards for new development projects
- Waste reduction efforts
These sustainability commitments have earned Essex Property Trust recognition within the industry, and the company has received multiple awards for its efforts, demonstrating its commitment to being a responsible corporate citizen.
Financial Performance
Essex Property Trust is recognized for its solid financial performance. For the fiscal year 2020, the company reported approximately $1.5 billion in revenue and a net income of around $398 million. The company maintains a significant market capitalization, which is currently in the vicinity of $21 billion.
The company also offers a competitive dividend yield that hovers around 5%, attracting a broad base of investors seeking income from their investments. The combination of consistent revenue generation, effective cost management, and strategic growth initiatives has positioned Essex Property Trust as a financially resilient entity in a competitive market.
Market Position
Overall, Essex Property Trust Inc. has established itself as a reputable player in the multifamily REIT sector. The company’s commitment to value-added investments, its focus on sustainability, and strong financial health make it well-equipped to navigate market challenges and capitalize on growth opportunities moving forward. With its extensive experience and strategic approach, Essex Property Trust continues to be an influential force in the real estate landscape, providing quality housing solutions within desirable communities.
Company Address: 1100 Park Place, Suite 200 San Mateo 94403 CA
Company Phone Number: 655-7800 Stock Exchange / Ticker: NYSE ESS
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| Stock Performances by Major Competitors |
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| Dividend
Published Mon, Sep 9 2024 6:52 AM UTC
In a recent announcement from its San Mateo, California headquarters, Essex Property Trust, Inc. (NYSE: ESS) revealed that its Board of Directors has approved a regular quarterly cash dividend of $2.45 per common share. This dividend is set to benefit shareholders, being payable on October 11, 2024, to those on record by September 30, 2024. The declaration underscores E...
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| Dividend
Published Sun, Sep 8 2024 10:52 AM UTC
Essex Property Trust, Inc. a leading real estate investment trust (REIT) focused on multifamily residential properties, has recently declared its quarterly distribution and showcased an impressive performance in the stock market. This article will outline the facts surrounding Essex Property Trust s latest developments and assess their impact on the company s share...
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| Dividend
Published Sat, Sep 7 2024 5:53 AM UTC
San Mateo, Calif. In a move that underscores the stability and attractiveness of its investment profile, Essex Property Trust, Inc. (NYSE: ESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.45 per common share. The dividend, set to be paid on October 11, 2024, will benefit shareholders of record as of September 30, 20...
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| Dividend
Published Fri, Sep 6 2024 5:19 AM UTC
In a recent announcement that reverberated through financial markets, Essex Property Trust, Inc. (NYSE:ESS), a key player in the real estate investment trust (REIT) sector, declared a quarterly cash dividend of $2.45 per share, payable on October 11, 2024, to shareholders of record as of September 30, 2024. This declaration not only signifies a commitment to r...
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| Dividend
Published Thu, Sep 5 2024 9:19 PM UTC
Essex Property Trust: A Stellar Performance Continues with Strong Quarterly Dividend Declaration
Recently, Essex Property Trust, Inc. headquartered in San Mateo, California, made a significant announcement that has implications for investors and stakeholders alike. The company declared a quarterly cash dividend of $2.45 per common share, to be paid on October 11, 2024, t...
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Fundamental Analysis
| Per Share |
Current |
| Earnings (TTM) |
8.9 $ |
| Revenues (TTM) |
29.59 $
|
| Cash Flow (TTM) |
- |
| Cash |
0.59 $
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| Book Value |
86.89 $
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| Dividend (TTM) |
10.3 $ |
| Efficiency
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Current |
| Revenue per Employee
(TTM) |
1,129,377 |
| Net
Income per Employee (TTM) |
356,544 |
| Receivable Turnover Ratio (TTM) |
- |
| Inventory Turnover Ratio (TTM) |
- |
| Asset Turnover Ratio (TTM) |
0.12 |
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| Per Share |
|
| Earnings (TTM) |
8.9 $
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| Revenues (TTM) |
29.59 $ |
| Cash Flow (TTM) |
- |
| Cash |
0.59 $
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| Book Value |
86.89 $ |
| Dividend (TTM) |
10.3 $ |
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| Southern California |
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 40.29 % |
of total Revenue |
| Northern California |
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41.59 % |
of total Revenue |
| Seattle Metro |
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16.3 % |
of total Revenue |
| Other real estate assets |
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1.34 % |
of total Revenue |
| Rental income |
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98.15 % |
of total Revenue |
| Other property |
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1.37 % |
of total Revenue |
| Total rental and other property revenues |
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99.52 % |
of total Revenue |
| Total rental and other property revenues Same-property |
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91.3 % |
of total Revenue |
| Total rental and other property revenues Acquisitions |
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4.28 % |
of total Revenue |
| Total rental and other property revenues Non-residential other net |
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3.97 % |
of total Revenue |
| Total rental and other property revenues Southern California |
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40.29 % |
of total Revenue |
| Total rental and other property revenues Northern California |
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41.59 % |
of total Revenue |
| Total rental and other property revenues Seattle Metro |
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16.3 % |
of total Revenue |
| Total rental and other property revenues Other real estate assets |
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1.34 % |
of total Revenue |
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On February 5 2025 the Essex Property Trust Inc provided following guidance
nnEssex Property Trust, Inc. Announces Fourth Quarter and Full-Year 2024 Results Alongside 2025 Guidancenn
SAN MATEO, Calif. – Essex Property Trust, Inc. (NYSE: ESS) has released its financial results for both the fourth quarter and the entire year of 2024, providing valuable insights into the company's performance and future expectations. This latest announcement marks a significant moment as the company outlines its financial metrics for the upcoming year, 2025.
### Financial Performance Overview
For the three months that concluded on December 31, 2024, Essex Property Trust revealed key financial figures related to their operations. The report includes comprehensive data on Net...
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