FirmAtlas
Company handbook · ESS · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
ESS · CIK 920522 · LATEST FILING: 10-Q JUN '26 · FILED JUL 30, 2026
ESSEX PROPERTY TRUST, INC.
$269.43
−0.23 (−0.09%)
Close, Oct 16, 2026 · 52-week $238–303
Last fiscal year
ESSEX PROPERTY TRUST, INC. reported revenue of $9M for the year ended Dec 31, 2025 (FY25), down 8.6% from FY24. Net income was $670M and operating cash flow $1.1B. Source: 10-K filed Feb 20, 2026.
Market cap
$17.4B
P/E
42.0
EV/EBITDA
11.5x
P/B
3.3
Div yield
3.84%
ROIC
13.0%
Revenue 1Y
−8.6%/yr
EPS 1Y
−9.9%/yr
Shares 1Y
+0.3%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOAngela L. Kleiman
HQSan Mateo, CA
AuditorKPMG LLP
Employees1,689
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
2.6%
−4.2%
7.1%
4.6%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$1.3B deployed
Dividends
$1.3B
100.0%
Operating cash flow over the period: $2.1B. Total debt changed by $0M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
10
9−8.6%
9
YoY
−8.6%
Gross profit
1,243
1,319+6.1%
1,350
Gross margin
12105.7%
14060.1%+1954.4 pp
—
Operating income
703
899+27.9%
627
Operating margin
6849.4%
9586.6%+2737.1 pp
—
EBITDA
1,283
1,507+17.4%
—
EBITDA margin
12501.9%
16062.9%+3561.0 pp
—
Interest expense
236
258+9.7%
—
Interest coverage
5.45x
5.83x+0.38x
—
Net income
742
670−9.7%
414
YoY
−9.7%
Net margin
7223.8%
7138.5%−85.3 pp
—
EPS (diluted, $)
11.54
10.40−9.9%
6.43
YoY
−9.9%
Balance sheet
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,068
1,074+0.6%
1,118
Net income
811
703−13.4%
—
Depreciation & amortization
580
608+4.7%
—
Stock-based compensation
7
10+34.7%
—
Working capital & other
(330)
(246)n/m
—
Cash from investing
(973)
(552)n/m
—
Investments bought
(1)
(26)n/m
—
Other investing
(972)
(527)n/m
—
Cash from financing
(420)
(512)n/m
—
Debt raised
555
1,148+106.9%
—
Debt repaid
(403)
(809)n/m
—
Dividends
(620)
(654)n/m
—
Buybacks
0
0n/m
—
Shares issued
(0.3)
(0.4)n/m
—
Other financing
49
(197)−500.7%
—
Net change in cash
(324)
10n/m
—
Where the cash went
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
2
2
2
2
vs year-ago quarter
Gross profit
328
336
341
346
Gross margin
13871.5%
14582.0%
14750.8%
14914.1%
Operating income
210
152
155
109
Net income
165
81
106
62
vs year-ago quarter
Net margin
6972.5%
3498.6%
4590.8%
2694.7%
EPS (diluted, $)
2.56
1.25
1.65
0.97
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
13,150
13,159
13,095
12,898
Cash & equivalents
75
86
47
66
Total debt
6,448
—
6,837
6,387
Shareholders’ equity
5,631
5,541
5,436
5,323
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
343
234
287
254