Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 257 apartment communities comprising over 62,000 apartment homes with an additional property in active development.
West Coast REIT Giant | Essex Property Trust, a $17.3B market cap REIT, dominates the West Coast multifamily market with a strategic focus on high-barrier-to-entry locations |
Financial Resilience | ESS outperforms expectations with Q1 2025 core FFO of $3.97 per share. Analysts project an average price target of $307, reflecting confidence in future growth |
Market Dynamics | Explore how supply constraints and tech sector volatility shape ESS's performance in competitive West Coast markets, balancing opportunities and challenges |
Strategic Growth | Delve into ESS's expansion plans, including $345.3M in recent acquisitions and potential investments up to $1.5B, showcasing the company's commitment to value creation |
Metrics to compare | ESS | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipESSPeersSector | |
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P/E Ratio | 27.5x | 16.6x | 9.0x | |
PEG Ratio | 0.99 | 0.27 | 0.01 | |
Price/Book | 3.4x | 1.4x | 0.9x | |
Price / LTM Sales | 10.3x | 5.2x | 3.9x | |
Upside (Analyst Target) | 8.0% | 19.4% | 13.0% | |
Fair Value Upside | Unlock | 4.0% | 1.1% | Unlock |