Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust. The firm acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 259 apartment communities comprising over 63,000 apartment homes with an additional property in active development. Essex Property Trust, Inc. was incorporated in 1971 in Maryland, USA.
Market Dynamics | Explore Essex's navigation of supply constraints and tech sector fluctuations, balancing affordability advantages against regional economic uncertainties |
Analyst Perspectives | Average price target range of $302-$317, with mixed ratings from Hold to Outperform, reflecting varied views on Essex's growth potential |
Financial Resilience | Despite market challenges, Essex maintains a robust financial health score and has increased dividends for 32 consecutive years, showcasing stability |
West Coast REIT Giant | Essex Property Trust, a $18B market cap REIT, dominates the West Coast multifamily market with a strategic focus on tech-driven metropolitan areas |

Metrics to compare | ESS | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipESSPeersSector | |
|---|---|---|---|---|
P/E Ratio | 24.2x | 63.1x | 9.1x | |
PEG Ratio | −2.45 | 0.63 | 0.01 | |
Price / Book | 3.0x | 1.6x | 0.9x | |
Price / LTM Sales | 8.7x | 5.7x | 3.9x | |
Upside (Analyst Target) | 10.6% | 13.8% | 15.9% | |
Fair Value Upside | Unlock | 1.9% | 0.1% | Unlock |