Essex Property Trust, Inc. ESS
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 259 apartment communities comprising over 63,000 apartment homes with an additional property in active development.
Snapshot
Reported FFO / Core FFO / leverage are from the Q1 2026 earnings release (filed 2026-04-28) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $1.90B | $672.49M | $607.54M | $1.56B | $1.07B |
| 2024 | $1.77B | $741.52M | $580.22M | $1.63B | $1.07B |
| 2023 | $1.67B | $405.82M | $548.44M | $1.19B | $980.06M |
| 2022 | $1.61B | $408.31M | $539.32M | $1.20B | $975.65M |
| 2021 | $1.44B | $488.55M | $520.07M | $1.50B | $905.26M |
| 2020 | $1.50B | $568.87M | $525.50M | $1.61B | $803.11M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-05-14 | $2.59 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-02-19 | $2.59 | Irregular |
| 2026-01-02 | 2026-01-02 | 2026-01-15 | 2025-12-05 | $2.57 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-09-04 | $2.57 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-05-15 | $2.57 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | 2025-02-20 | $2.57 | Irregular |
| 2025-01-02 | 2025-01-02 | 2025-01-15 | 2024-12-06 | $2.45 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-11 | 2024-09-05 | $2.45 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-12 | 2024-05-15 | $2.45 | Quarterly |
| 2024-03-27 | 2024-03-29 | 2024-04-12 | 2024-02-22 | $2.45 | Quarterly |
| 2023-12-29 | 2024-01-02 | 2024-01-12 | 2023-12-08 | $2.31 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-13 | 2023-09-07 | $2.31 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-14 | 2023-05-12 | $2.31 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-14 | 2023-02-23 | $2.31 | Quarterly |
| 2022-12-30 | 2023-01-03 | 2023-01-13 | 2022-12-09 | $2.20 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-14 | 2022-09-15 | $2.20 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-15 | 2022-05-11 | $2.20 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-14 | 2022-02-24 | $2.20 | Quarterly |
| 2021-12-31 | 2022-01-03 | 2022-01-14 | 2021-12-10 | $2.09 | Quarterly |
| 2021-09-29 | 2021-09-30 | 2021-10-15 | 2021-09-10 | $2.09 | Quarterly |
| 2021-06-29 | 2021-06-30 | 2021-07-15 | 2021-05-12 | $2.09 | Quarterly |
| 2021-03-30 | 2021-03-31 | 2021-04-15 | 2021-02-18 | $2.09 | Quarterly |
| 2020-12-31 | 2021-01-04 | 2021-01-15 | 2020-12-08 | $2.08 | Quarterly |
| 2020-09-29 | 2020-09-30 | 2020-10-15 | 2020-09-02 | $2.08 | Quarterly |
Coverage (payout of operating cash flow): 62.15%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.