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Essex Property Trust, Inc. (ESS)
Real Estate · REIT - Residential · NYSE
Essex Property Trust, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.29B | $1.36B | $1.40B | $1.46B | $1.50B | $1.44B | $1.60B | $1.66B | $1.76B | $1.88B |
| Gross profit | — | — | — | — | — | — | $1.13B | $1.17B | $1.24B | $1.32B |
| Net income | $414.98M | $433.06M | $390.15M | $464.45M | $599.33M | $515.69M | $408.31M | $405.82M | $741.52M | $669.67M |
| Net margin | 32.1% | 31.8% | 27.9% | 31.8% | 40.1% | 35.8% | 25.6% | 24.5% | 42.0% | 35.7% |
Source: Essex Property Trust, Inc. SEC filings (10-K). 18 years of history available in the interactive view.
What growth is priced into ESS stock?
At today's market cap of $19.63B, Essex Property Trust, Inc. is priced for free-cash-flow growth of about 16.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $518.82M from the FY ending 2015-12-31). For comparison, free cash flow actually grew 25.1%/yr over the last five fiscal years and revenue 4.7%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Essex Property Trust, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Essex Property Trust, Inc. financial history by metric
About Essex Property Trust, Inc.
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 and is based in San Mateo, United States.
Essex Property Trust, Inc. — frequently asked questions
What is Essex Property Trust, Inc.'s revenue?
Essex Property Trust, Inc. (ESS) reported revenue of $1.88B for fiscal year 2025, up 6.4% from the prior year, according to its SEC filings.
Is Essex Property Trust, Inc. profitable?
Yes. ESS earned net income of $669.67M in fiscal 2025, a net margin of 35.7%.
What is ESS's P/E ratio?
Essex Property Trust, Inc. trades at a price-to-earnings ratio of about 32.1 based on the latest data in our nightly-refreshed cache.
How fast is Essex Property Trust, Inc. growing?
ESS's revenue grew at roughly 4.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Essex Property Trust, Inc. have?
As of fiscal year 2025, ESS carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Essex Property Trust, Inc.'s gross margin?
ESS's gross margin was 70.2% in fiscal 2025 — gross profit of $1.32B on revenue of $1.88B.
What is Essex Property Trust, Inc.'s market cap?
Essex Property Trust, Inc. (ESS) has a market capitalization of about $19.63B, based on the latest data in our nightly-refreshed cache.
When does Essex Property Trust, Inc.'s fiscal year end?
ESS's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into ESS stock?
At today's market cap of $19.63B, Essex Property Trust, Inc. is priced for free-cash-flow growth of about 16.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $518.82M from the FY ending 2015-12-31). For comparison, free cash flow actually grew 25.1%/yr over the last five fiscal years and revenue 4.7%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Essex Property Trust, Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.