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NYSE · Real Estate

ESSEX PROPERTY TRUST, INC. (ESS)

As-reported financials and SEC filings for ESSEX PROPERTY TRUST, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ESSEX PROPERTY TRUST, INC.

Essex Property Trust, Inc. is a real estate investment trust that owns, operates, manages, acquires, develops, and redevelops apartment communities primarily along the West Coast of the United States. The company manages a portfolio of 259 apartment communities with over 63,000 apartment homes and focuses on markets with strong economic fundamentals and supply constraints. Essex serves residential tenants and investors by providing rental housing and managing real estate assets.

Snapshot

Revenue
$1.89B
Revenue growth (YoY)
6.4%
Net income
$702.8M
Diluted EPS
$10.40
Gross margin
Operating margin
47.6%
Net margin
37.2%
FCF margin
ROE
12.3%
net income / fiscal-year-end equity
P/E
42.8×
trailing when available, otherwise FY EPS
Market cap
$18.91B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Essex Property Trust

  • Revenue grew 6.4% to $1.9B in FY2025, in line with the 6.3% the year before.
  • Operating margin is 47.6% in FY2025, +10.9 pp against 36.8% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $489M, up 4.1% from Q2 FY2025.
  • Net income fell 13.4% to $703M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Essex Property Trust’s fundamentals sit among the 165 REITs. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin47.6%
73rd percentile of 81
Net margin37.2%
86th percentile of 156
Revenue growth (YoY)+6.4%
64th percentile of 161
ROE12.3%
89th percentile of 142
P/E42.8×
71st percentile of 109
Short interest5.77d
68th percentile of 152

Essex Property Trust’s return on equity of 12.3% ranks in the 89th percentile of the 142 REITs reporting it. Essex Property Trust’s net margin of 37.2% ranks in the 86th percentile of the 156 REITs reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 4 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+4 quant / multi-strat
Initiated / added
1
0 new, 1 added
Reduced / exited
7
4 trimmed, 3 exited
Combined position
$98.3M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$49.3M169.4KAdded
Citadel AdvisorsquantQ2 2026$23.9M82.0KReduced
Gotham Asset ManagementQ2 2026$15.5M53.1KReduced
Renaissance TechnologiesquantQ2 2026$8.7M30.0KReduced
Millennium ManagementquantQ2 2026$807,9962.8KReduced

No longer held by: Bridgewater Associates (as of Q2 2026), D. E. Shaw (as of Q2 2026), Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
0
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-27
filed 2026-05-29
Kasaris MaryDirectorSell600$279.45$168K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.0M
settled 2026-08-14
Change vs prior
-11.5%
vs previous settlement
Days to cover
5.77
at avg daily volume
Avg daily volume
341.8K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.0M-11.5%5.77
2026-07-312.2M+9.7%4.26
2026-07-152.0M+13.3%4.20
2026-06-301.8M+7.9%3.52
2026-06-151.7M-14.9%3.48
2026-05-292.0M+7.3%3.97
2026-05-151.8M-0.6%4.20
2026-04-301.8M+4.2%3.61

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.89B$1.77B$1.67B$1.61B$1.44B
Gross profit
Operating income$899.3M$703.1M$584.3M$595.2M$530.0M
Net income$702.8M$811.3M$430.7M$433.0M$515.7M
Diluted EPS$10.40$11.54$6.32$6.27$7.51

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$76.2M$66.8M$391.7M$33.3M$48.4M
Current assets
Total assets$13.16B$12.93B$12.36B$12.37B$13.00B
Current liabilities
Long-term debt$639.0M
Total liabilities$7.42B$7.18B$6.74B$6.45B$6.79B
Total equity$5.71B$5.72B$5.59B$5.90B$6.18B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.07B$1.07B$980.1M$975.6M$905.3M
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$489.0M4.1%$66.9M$0.97
Q1 FY2026$484.8M4.3%$112.2M$1.65
Q4 FY2025$479.6M5.5%$85.7M$1.33
Q3 FY2025$473.3M5.0%$172.7M$2.56
Q2 FY2025$469.8M6.2%$231.5M$3.44
Q1 FY2025$464.6M8.8%$212.8M$3.16
Q4 FY2024$454.5M7.8%$301.7M$4.69
Q3 FY2024$450.7M7.5%$125.5M$1.84

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorReal Estate
SIC industryReal Estate Investment Trusts
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2012
SEC CIK920522

Selected SEC filings

10-K2026-02-20
View on EDGAR →
10-K2025-02-21
View on EDGAR →
10-Q2026-07-30
View on EDGAR →
10-Q2026-04-29
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-07-30
View on EDGAR →
8-K2026-07-29
View on EDGAR →
8-K2026-05-29
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.