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Essex Property Trust, Inc. (ESS)

Essex Property Trust owns, operates, manages, acquires, develops and redevelops apartment communities on the West Coast of the United States. It is a Maryland corporation that has been treated as a REIT for federal income tax purposes since 1994 and completed its initial public offering in June 1994. It holds its real estate through an operating partnership in which it had a roughly 96.6 percent general partner interest at the end of 2025.

Essex Property Trust, Inc.

Essex Property Trust owns, operates, manages, acquires, develops and redevelops apartment communities on the West Coast of the United States. It is a Maryland corporation that has been treated as a REIT for federal income tax purposes since 1994 and completed its initial public offering in June 1994. It holds its real estate through an operating partnership in which it had a roughly 96.6 percent general partner interest at the end of 2025.

Three regions

The portfolio is concentrated in predominantly coastal markets in Southern California, meaning mainly Los Angeles, Orange, San Diego and Ventura counties; Northern California, meaning the San Francisco Bay Area; and the Seattle metropolitan area. At the end of 2025 Southern California held 23,598 apartment homes, 42 percent of consolidated operating apartment homes; Northern California 21,097, or 38 percent; and Seattle Metro 10,899, or 20 percent. Same-property revenues rose 3.3 percent in Southern California, 3.6 percent in Northern California and 2.8 percent in Seattle Metro in 2025 against 2024.

The company says the geographic composition of the portfolio is evaluated periodically and may be changed by management.

The portfolio

At the end of 2025 Essex owned or held interests in 259 operating apartment communities totalling 63,077 apartment homes. Held separately from that count are preferred equity co-investments, loan investments, two operating commercial buildings, and a development pipeline of one consolidated project plus various predevelopment projects.

How it picks where to buy

Essex screens for major metropolitan areas with a regional population above one million. It looks for constraints on new supply, coming from three directions: little developable land where competing housing could be built economically; political growth barriers such as protected land, urban growth boundaries and lengthy, costly permitting; and natural limits such as mountains or waterways. It looks for rental demand supported by rents being affordable relative to the cost of buying a home. And it looks for housing demand driven by job growth, proximity to jobs, high median incomes and quality of life including commuting.

Because it treats all real estate markets as cyclical, it says it regularly revisits that research and shifts allocation towards markets it projects will have the strongest local economies and away from those it projects will decline, and likewise towards markets with favourable property valuations and away from those with inflated valuations and low relative yields.

How it runs the buildings

The filing names four functions. Property management oversees the housing delivered to tenants and the financial performance of each property. Asset management plans, budgets and completes major capital improvement projects. Business planning and control puts comprehensive business plans alongside major investment decisions, with benchmarks for future financial performance agreed between the property operations teams and senior leadership. Development and redevelopment acquires and builds in supply-constrained markets and reworks existing communities.

Joint ventures

Essex holds indirect economic interests of less than 100 percent in some communities, land and other investments through joint ventures and partnerships. In each of those it holds a non-controlling interest, and in most cases can earn management fees, development fees, asset management fees and a promote interest on top of its share of the returns.

Taxable subsidiaries

To stay within the REIT tax rules, the company routes various revenue-generating and investment activities through taxable REIT subsidiaries. A domestic one of those is taxed as a regular C corporation, and all of them are consolidated for financial reporting.

From Essex Property Trust's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Essex Property Trust became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 28 October 2026
Revenue
$493 million
+4.1% on the year · +0.7% on the quarter
Q4 FY2024Q3 FY2026
Net income
$98 million
-40.4% on the year · +57.0% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$1.52
-40.6% on the year · +56.7% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 20 February 2026
Revenue
$1.9 billion
+6.4% on the year
FY2018FY2025
Net income
$670 million
-9.7% on the year
FY2018FY2025
Diluted EPS
$10.40
-9.9% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsEssex Property Trust (ESS) reported revenue of $1.9 billion for fiscal 2025, the year ended 31 December 2025, up 6.4% on the year before. Net income was $670 million and diluted earnings per share $10.40. Revenue was $1.8 billion in fiscal 2024, $1.7 billion in fiscal 2023, $1.6 billion in fiscal 2022 and $1.4 billion in fiscal 2021. Net income in the same years was $742 million, $406 million, $408 million and $489 million. Over the twelve months to 30 September 2026, Essex Property Trust reported revenue of $1.9 billion and net income of $347 million. Revenue grew 4.8% a year, compounded, over the five years to fiscal 2025. Essex Property Trust declared $10.34 a share in dividends over the last four quarters and had 64 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of Essex Property Trust was $17.5 billion, 50.6 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE6.6%
ROCE4.8%
Operating margin29.5%
Net margin17.8%
FCF margin52.7%
Interest cover2.2x
Debt to equity1.25x
Cash conversion3.19x
Share count, last 12 months-0.1%
Sales CAGR, 3 years5.5%
Profit CAGR, 3 years17.9%
EPS, TTM$5.39

At the close of 6 November 2026

Price$272.48
Market cap$17.5 billion
Stock P/E50.5x
Price to book3.3x
EV / EBITDA20.3x
Dividend yield3.8%
Market cap / sales9.0x
52-week high$298.33
52-week low$239.61
Price, 1 year6.3%
Price CAGR, 3 years9.2%
Price CAGR, 5 years-4.2%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Essex Property Trust, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
ESSgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue372382400410415412416419422427442451454465470473480485489493
Gross profitn/an/an/an/an/an/an/an/an/a298313313320323332328336341346341
Gross marginn/an/an/an/an/an/an/an/an/a70%71%70%70%70%71%69%70%70%71%69%
Operating income101110129129228187135132130132137129304257280210152155109157
Operating margin27%29%32%31%55%45%32%31%31%31%31%29%67%55%60%44%32%32%22%32%
Interest expense50.550.450.551.652.351.052.654.255.155.959.159.261.262.765.364.765.865.666.864.8
Net income13773.357.192.818515499.687.365.427392.911825720322116580.610662.598.1
Net margin37%19%14%23%45%37%24%21%16%64%21%26%57%44%47%35%17%22%13%20%
Diluted EPS$2.10$1.12$0.87$1.43$2.85$2.38$1.55$1.36$1.02$4.25$1.45$1.84$4.00$3.16$3.44$2.56$1.25$1.65$0.97$1.52
Operating cash flow205315194299167277211288204315219316218282216343234287254333
Capital expenditure4.46.96.09.95.03.81.51.11.61.31.10.20.27.98.627.717.814.125.625.4
Free cash flow201308188289162273210287202314218316218274208315216273228308
Buybacks0.00.060.897.131.895.70.00.00.00.00.00.00.00.00.00.00.050.211.70.0
Dividends paid136136144143142142148148148148157157157157165166166166167166
Shares outstanding65m65m65m65m65m64m64m64m64m64m64m64m64m64m64m64m64m64m64m64m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2008FY2009 †FY2010 †FY2011FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue4084064104675356119691,1941,2941,3641,4001,4601,4961,4411,6071,6691,7741,8871,946
Gross profitn/an/an/an/an/an/an/an/an/an/an/an/an/an/a1,1281,1731,2451,3191,364
Gross marginn/an/an/an/an/an/an/an/an/an/an/an/an/an/a70.2%70.3%70.1%69.9%70.1%
Operating income138111111135167189202331421473512481491530595584703899573
Operating margin33.8%27.3%27.0%28.8%31.2%30.9%20.8%27.7%32.5%34.7%36.6%32.9%32.9%36.8%37.0%35.0%39.6%47.6%29.5%
Interest expense85.181.282.891.7112117165205220223220217221203205213236258263
Income taxn/a0.00.0-1.70.00.0n/an/an/an/an/an/an/an/an/an/an/an/an/a
Net income62.137.135.947.1125156122232415433390439569489408406742670347
Net margin15.2%9.1%8.8%10.1%23.4%25.6%12.6%19.4%32.1%31.8%27.9%30.1%38.0%33.9%25.4%24.3%41.8%35.5%17.8%
Diluted EPS$2.09$2.91$1.14$1.24$3.41$4.04$2.06$3.49$6.27$6.57$5.90$6.66$8.69$7.51$6.27$6.32$11.54$10.40$5.39
Filing10-K8-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2022 to FY2025

FY2022FY2023FY2024FY2025Share
of the parts, latest year
Southern California64665471576341.5%
Northern California61662966476141.4%
Seattle Metro27128229531317.1%
Not assigned to a part in the filing73.610410150.0n/a
Southern CaliforniaNorthern CaliforniaSeattle Metro
1,533FY20221,565FY20231,674FY20241,837FY2025

$ million; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Not assigned to a part in the filing is the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Profit by segment FY2022 to FY2025

The gross profit each segment reports. Costs Essex Property Trust does not charge to a segment are left out, so the segments can add up to more than the company's own gross profit.

FY2022FY2023FY2024FY2025Margin
FY2025
Southern California46046450753870.5%
Northern California43044146252569.0%
Seattle Metro19120120722271.0%
Southern CaliforniaNorthern CaliforniaSeattle Metro
1,081FY20221,105FY20231,176FY20241,285FY2025

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Southern California42%42%
Northern California41%41%
Seattle Metro17%17%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has a gross profit figure. A margin is a segment's gross profit over its own sales.

Cash flow

FY2008FY2009 †FY2010 †FY2011FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow1811741762172673054936177177708279198039059769801,0681,0741,109
Capital expenditure7.03.26.416.446.647.381.499.3n/a13818315810949.827.77.92.961.982.9
Free cash flow174170169200221258412518n/a6326447616948559489721,0651,0131,026
Free cash flow margin42.6%42.0%41.2%42.8%41.3%42.2%42.5%43.4%n/a46.3%46.0%52.1%46.4%59.4%59.0%58.2%60.0%53.6%52.7%
Cash from investing-285-219-511-426-812-454-1,147-726-413-568-59.9-528-417-397146-145-973-552-292
Cash from financing13624.1328208550149521107-256-311-676-462-383-533-1,138-477-420-512-812
Depreciation and amortisation113121133161181205346434442469480484525520539548580608615
Share-based compensation3.93.43.32.94.14.58.76.19.89.37.17.08.27.37.28.07.29.612.1
Buybacks13.720.30.00.0n/an/a0.00.01.00.051.257.02699.219095.70.00.061.9
Dividends paid109117124139156181261367411451484508536543566587620654664
Dividend per sharen/an/an/an/an/an/an/an/a$6.40$7.00$7.44$7.80$8.31$8.36$8.80$9.24$9.80$10.28n/a
Diluted shares, weighted25m30m30m33m35m37m57m65m66m66m66m66m66m65m65m64m64m64m64m
Shares outstanding at period endn/a29m31m31m34m37m37m65m66m66m66m66m65m65m65m64m64m64m64m
Filing10-K8-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2008FY2009 †FY2010 †FY2011FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,0861,0531,1501,4381,7651,8856,0236,2386,1926,2776,2676,2206,0005,9945,7165,4235,5375,5415,299
Non-controlling interestn/a22020511611511411399.3100119127183183183179171183167161
Redeemable equityn/an/a4.34.34.34.30.045.544.739.235.537.432.234.727.132.230.828.326.1
Debtn/an/a2,2592,3612,8193,0345,0815,3195,5635,6895,6065,8096,2526,2875,9586,2066,6026,8006,639
Other liabilitiesn/a1,981115118144151310304317371348456469499492530575622692
Total liabilities and equityn/a3,2553,7334,0374,8475,18711,52712,00512,21712,49612,38412,70512,93612,99812,37312,36112,92713,15912,816
Owned
Intangible assetsn/an/an/an/an/a4.547.72.91.40.40.11.24.78.97.46.17.77.5n/a
Cash and equivalents41.920.713.812.918.618.525.629.764.944.613470.173.648.433.339266.876.272.1
Other assetsn/a3,2343,7194,0244,8295,16411,45311,97312,15112,45112,24912,63412,85812,94112,33211,96412,85313,07512,744
Total assetsn/a3,2553,7334,0374,8475,18711,52712,00512,21712,49612,38412,70512,93612,99812,37312,36112,92713,15912,816
Filing10-K8-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded4.7%4.8%5.5%4.5%
Profit growth, compounded11.2%3.3%17.9%-59.0%
Return on equity, average8.5%9.7%11.0%12.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Essex Property Trust's revenue in fiscal 2025?

Essex Property Trust (ESS) reported revenue of $1.9 billion for fiscal 2025, the year ended 31 December 2025, up 6.4% on the year before.

How much did Essex Property Trust earn in fiscal 2025?

Net income was $670 million for fiscal 2025, and diluted earnings per share $10.40.

What is Essex Property Trust's P/E ratio?

At the close of 6 November 2026, Essex Property Trust traded at 50.6 times its earnings over the twelve months to 30 September 2026.

What is Essex Property Trust's market cap?

The market cap of Essex Property Trust was $17.5 billion at the close of 6 November 2026.

Does Essex Property Trust pay a dividend?

Yes. Essex Property Trust declared $10.34 a share in dividends over the four quarters to 30 September 2026.

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TTM		Debt to equityDiv. yield
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TTM		Debt to equityDiv. yield
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Vivmark Residential VMRK$24.6 billion28.488.3%28.2%2.8%0.794.3%
T. Rowe Price Group, Inc. TROW$23.1 billion10.9619.2%32.0%6.9%0.004.8%
LPL Financial Holdings Inc. LPLA$23.0 billion16.9524.0%9.2%31.0%1.340.4%
Royal Gold Inc. RGLD$22.5 billion26.7910.8%62.0%105.2%0.020.7%
Pershing Square Inc. PS$20.6 billionn/a-9.0%0.2%n/a0.21n/a
SBA Communications Corp. SBAC$19.8 billion20.45n/a47.7%2.3%n/a2.6%
Texas Pacific Land Corp. TPL$18.8 billion32.0032.6%75.5%25.3%0.000.9%
TPG Inc. TPG$17.9 billion59.186.8%n/a18.8%0.574.8%
Essex Property Trust, Inc. ESS$17.5 billion50.556.6%29.5%4.5%1.253.8%
Franklin Templeton Inc. BEN$17.1 billion22.976.9%9.7%7.9%0.203.9%
Kimco Realty Corp. KIM$17.0 billion23.847.4%40.1%3.5%0.834.2%
Host Hotels & Resorts, Inc. HST$16.9 billion17.9814.8%14.8%5.0%0.806.1%
Lamar Advertising Co. LAMR$15.8 billion27.5155.8%32.1%5.1%3.394.3%
Blue OWL Capital Inc. OWL$15.4 billion70.144.9%-105.8%119.9%1.898.7%
Weyerhaeuser Co. WY$15.1 billion33.294.8%11.7%-1.1%0.574.0%
W. P. Carey Inc. WPC$15.0 billion22.437.4%43.8%9.0%1.005.7%
Annaly Capital Management Inc. NLY$14.7 billion13.117.1%n/a28.4%2.4314.9%
Omega Healthcare Investors Inc. OHI$14.6 billion19.3613.8%73.4%14.0%0.735.6%
Sun Communities Inc. SUI$14.4 billionn/a-14.7%4.2%2.9%0.723.7%
Carlyle Group Inc. CG$14.0 billion42.225.4%16.6%-7.6%0.463.5%
Healthpeak Properties, Inc. DOC$14.0 billion37.564.8%4.0%9.4%1.196.0%
Mid-America Apartment Communities, Inc. MAA$13.8 billion36.057.3%n/a1.0%1.105.1%
Regency Centers Corp. REG$13.7 billion26.747.7%72.0%8.4%0.724.0%
American Healthcare REIT, Inc. AHR$13.4 billion118.201.7%20.2%21.5%0.251.7%
SEI Investments Co. SEIC$12.5 billion18.3128.3%29.4%12.8%0.011.0%
Equity Lifestyle Properties Inc. ELS$12.2 billion31.0123.1%26.1%3.2%1.893.4%
Invesco Ltd. IVZ$11.9 billionn/a-2.5%-4.5%13.7%0.103.1%
Udr, Inc. UDR$11.7 billion17.2522.3%52.2%0.6%1.844.7%
American Homes 4 Rent AMH$11.7 billion26.916.7%15.2%3.5%0.773.9%
Stifel Financial Corp. SF$11.4 billion12.2816.1%n/a10.9%0.101.8%
Gaming & Leisure Properties, Inc. GLPI$11.3 billion11.8918.9%79.1%7.3%1.638.2%
Freedom Holding Corp. FRHC$11.0 billionn/an/an/an/an/an/a
Jefferies Financial Group Inc. JEF$10.9 billionn/a8.3%n/a17.7%1.723.4%
Evercore Inc. EVR$10.8 billion15.6339.2%21.3%36.6%0.281.2%
Eastgroup Properties Inc. EGP$10.4 billion32.848.9%40.8%10.4%0.513.3%
Bxp, Inc. BXP$10.4 billion19.4710.3%29.2%2.7%3.204.3%
Houlihan Lokey, Inc. HLI$10.1 billion24.4617.5%20.3%-0.4%0.001.8%
CubeSmart CUBE$10.1 billion29.8114.0%40.8%3.3%1.434.7%
Camden Property Trust CPT$10.0 billion9.2824.6%n/a-1.0%0.934.2%
Janus Living, Inc. JAN$9.9 billionn/a0.2%n/an/a0.00n/a
CareTrust REIT, Inc. CTRE$9.8 billion24.046.8%54.6%43.6%0.393.9%
Federal Realty Investment Trust FRT$9.7 billion22.5313.6%47.7%7.8%1.504.0%
Affiliated Managers Group, Inc. AMG$9.4 billion12.5628.2%15.1%11.8%0.990.0%
Brixmor Property Group Inc. BRX$9.2 billion21.9114.1%n/a5.7%1.764.1%
Ryman Hospitality Properties, Inc. RHP$9.1 billion31.8920.2%19.6%12.9%3.403.6%
Agree Realty Corp. ADC$9.1 billion36.033.5%48.9%17.7%0.543.8%
Morningstar, Inc. MORN$9.1 billion21.3343.4%24.5%9.4%1.640.8%
Lineage, Inc. LINE$8.9 billionn/a-2.1%3.6%1.0%0.795.4%
Virtu Financial, Inc. VIRT$8.4 billion7.9231.1%32.4%26.1%2.381.8%
Rexford Industrial Realty, Inc. REXR$8.1 billionn/a-6.4%39.8%-2.0%0.394.6%
NNN REIT, Inc. NNN$8.0 billion19.598.7%62.9%7.3%1.105.9%
Alexandria Real Estate Equities, Inc. ARE$7.8 billionn/a-9.7%-85.8%-9.9%0.876.4%
Victory Capital Holdings, Inc. VCTR$7.4 billion21.9218.8%40.4%36.9%0.401.6%
InterDigital, Inc. IDCC$7.4 billion31.4625.2%45.1%-12.0%0.251.0%
First Industrial Realty Trust Inc. FR$7.1 billion19.9912.9%41.6%8.5%0.963.6%
Stag Industrial, Inc. STAG$7.1 billion25.967.4%37.7%9.3%0.944.2%
Macerich Co. MAC$7.1 billionn/a-3.6%-12.0%-1.3%1.902.7%
Vornado Realty Trust VNO$6.7 billionn/a0.2%n/a1.6%1.272.1%
Healthcare Realty Trust Inc. HR$6.5 billionn/a-1.1%n/a-5.8%1.045.0%
StoneX Group Inc. SNEX$6.5 billion9.3918.5%n/a48.7%6.97n/a
Rayonier Inc. RYN$6.4 billion37.143.0%12.0%24.1%0.354.9%
Essential Properties Realty Trust, Inc. EPRT$6.2 billion22.745.8%60.6%20.4%0.664.5%
Dolby Laboratories, Inc. DLB$6.1 billion27.598.8%17.7%0.6%0.002.2%
Marketaxess Holdings Inc. MKTX$5.8 billion20.2722.9%39.1%3.9%0.071.9%
StepStone Group Inc. STEP$5.7 billionn/an/a-58.2%48.5%n/a3.1%
SSR Mining Inc. SSRM$5.7 billion24.067.7%40.9%39.4%0.00n/a
Sabra Health Care REIT, Inc. SBRA$5.5 billion75.042.5%n/a23.4%0.865.7%
Outfront Media Inc. OUT$5.4 billion21.0936.6%20.7%9.1%3.594.0%
Galaxy Digital Inc. GLXY$5.3 billionn/a-18.5%-2.3%66.0%1.55n/a
Phillips Edison & Company, Inc. PECO$5.2 billion28.157.5%n/a7.0%1.055.6%
Rithm Capital Corp. RITM$5.2 billionn/an/an/an/a3.5010.8%
Kite Realty Group Trust KRG$5.0 billion15.7112.4%17.4%-7.3%1.024.6%
Hamilton Lane Inc. HLNE$5.0 billion13.2628.2%43.7%18.9%0.27n/a
BGC Group, Inc. BGC$5.0 billion25.5718.0%4.7%27.6%1.600.8%
HA Sustainable Infrastructure Capital, Inc. HASI$5.0 billion40.525.5%n/a22.6%2.364.4%
Cousins Properties Inc. CUZ$4.9 billion328.830.3%68.3%8.5%0.804.3%
Federated Hermes, Inc. FHI$4.7 billion11.5732.5%27.8%13.2%0.272.2%
Howard Hughes Holdings Inc. HHH$4.6 billion30.714.3%18.1%42.8%1.44n/a
Americold Realty Trust COLD$4.6 billion19.307.9%15.1%1.3%1.035.7%
EPR Properties EPR$4.6 billion16.8112.7%59.0%7.3%1.436.1%
Apple Hospitality REIT, Inc. APLE$4.5 billion23.905.9%18.3%3.2%0.475.1%
Tanger Inc. SKT$4.4 billionn/an/an/an/a2.44n/a
Piper Sandler Companies PIPR$4.4 billion15.5321.9%n/a21.1%n/a3.0%
Starwood Property Trust, Inc. STWD$4.4 billionn/a-4.0%-12.7%14.4%3.4015.9%
Lazard, Inc. LAZ$4.2 billion23.2219.5%8.1%9.2%1.785.2%
Kilroy Realty Corp. KRC$4.2 billion149.250.6%n/a-3.6%0.846.0%
Cohen & Steers, Inc. CNS$3.8 billion22.4627.8%32.4%8.6%0.003.6%
Copt Defense Properties CDP$3.7 billion22.2111.0%30.2%7.2%1.673.8%
PJT Partners Inc. PJT$3.7 billion21.2552.5%20.5%10.2%0.000.7%
LXP Industrial Trust LXP$3.6 billion31.545.9%n/a-3.5%0.664.5%
SL Green Realty Corp. SLG$3.6 billionn/a-3.7%61.7%9.7%1.255.2%
Independence Realty Trust, Inc. IRT$3.5 billion57.651.8%16.6%3.1%0.724.7%
Highwoods Properties, Inc. HIW$3.5 billion18.747.8%67.2%5.4%1.486.4%
Miami International Holdings, Inc. MIAX$3.4 billion12.7724.3%10.9%n/a0.00n/a
National Health Investors Inc. NHI$3.4 billion20.5910.6%n/a23.9%0.815.2%
Broadstone Net Lease, Inc. BNL$3.4 billion23.045.1%46.0%8.0%1.016.7%
Acadian Asset Management Inc. AAMI$3.2 billion26.66n/a25.5%27.9%n/a0.3%
Artisan Partners Asset Management Inc. APAM$3.2 billion9.1669.7%33.4%8.7%0.438.1%
WisdomTree, Inc. WT$2.9 billion27.4424.8%39.9%45.2%2.380.6%
DiamondRock Hospitality Co. DRH$2.9 billion17.7710.7%16.6%2.1%0.712.9%
Acadia Realty Trust AKR$2.7 billion70.732.0%53.3%-0.3%0.784.0%
Four Corners Property Trust, Inc. FCPT$2.6 billion21.497.3%n/a10.2%0.966.3%
CoreCivic, Inc. CXW$2.5 billion1.8563.5%9.9%26.9%0.28n/a
InvenTrust Properties Corp. IVT$2.5 billion85.221.6%-7.7%12.6%0.583.1%
LTC Properties Inc. LTC$2.5 billion4.7030.8%58.5%70.4%0.605.1%
Netstreit Corp. NTST$2.4 billion85.411.1%32.5%27.1%0.604.7%
Pebblebrook Hotel Trust PEB$2.4 billionn/a-2.9%3.1%2.8%0.890.2%
SmartStop Self Storage REIT, Inc. SMA$2.2 billion67.122.9%22.9%20.7%1.00n/a
RLJ Lodging Trust RLJ$1.9 billion121.901.7%10.0%4.1%1.034.8%
Douglas Emmett Inc. DEI$1.7 billionn/a-1.1%18.8%1.8%3.147.5%
Diversified Healthcare Trust DHC$1.7 billionn/a-9.9%-2.3%-3.8%1.600.6%
Global Net Lease, Inc. GNL$1.5 billionn/a-3.4%37.9%-21.8%1.7811.0%
CBL & Associates Properties Inc. CBL$1.5 billion6.8150.8%27.2%9.0%4.76n/a
American Assets Trust, Inc. AAT$1.3 billion61.541.9%23.6%1.1%1.526.3%
Alexanders Inc. ALX$1.3 billion6.7883.9%n/a8.2%3.677.1%
UMH Properties, Inc. UMH$1.3 billion298.400.5%n/a8.5%0.976.0%
Digital Turbine, Inc. APPS$1.3 billionn/a-18.3%10.3%19.2%1.85n/a
Medical Properties Trust Inc. MPT$1.1 billion4.405.4%3.7%10.5%2.0019.9%
Easterly Government Properties, Inc. DEA$1.1 billion77.521.1%23.9%11.4%1.288.0%
Ridgepost Capital, Inc. RPC$1.1 billion31.326.8%27.2%8.2%0.921.5%
Oppenheimer Holdings Inc. OPY$974 million12.238.7%7.2%13.9%n/a0.8%
Centerspace CSR$964 million10.7311.5%56.1%-6.0%1.025.4%
Orchid Island Capital, Inc. ORC$960 million98.60-0.5%95.7%74.8%9.2126.8%
Empire State Realty Trust, Inc. ESRT$918 million265.250.3%-4.4%2.0%2.142.6%
Abacus Global Management, Inc. ABX$852 million32.526.5%31.8%65.3%0.76n/a
Virtus Investment Partners, Inc. VRTS$846 million7.2812.7%15.7%-7.2%0.447.5%
CTO Realty Growth, Inc. CTO$783 million17.726.5%37.5%15.9%1.05n/a
Summit Hotel Properties, Inc. INN$755 millionn/a-2.5%9.9%2.4%1.654.6%
Safehold Inc. SAFE$749 million6.584.7%24.9%16.5%1.956.7%
Postal Realty Trust, Inc. PSTL$742 million38.904.7%38.2%22.3%0.944.4%
JBG Smith Properties JBGS$739 millionn/a-20.4%0.8%3.0%2.545.6%
Chatham Lodging Trust CLDT$722 million96.882.2%13.4%3.8%0.562.5%
Saul Centers, Inc. BFS$709 million31.0411.6%66.7%9.2%5.588.3%
PennyMac Mortgage Investment Trust PMT$685 million17.094.6%22.3%-11.5%1.7920.4%
Service Properties Trust SVC$674 million14.03-65.1%-6.1%-15.6%6.352.9%
Chimera Investment Corp. CIM$613 millionn/a-7.9%n/a12.4%4.0923.5%
Brandywine Realty Trust BDN$553 millionn/a-21.5%19.0%3.5%3.739.8%
Universal Health Realty Income Trust UHT$544 million26.9914.5%35.9%-0.0%2.847.6%
TPG RE Finance Trust, Inc. TRTX$512 million17.314.4%n/a-2.4%4.1014.2%
Franklin BSP Realty Trust, Inc. FBRT$470 millionn/a1.4%n/a16.4%2.9215.4%
One Liberty Properties Inc. OLP$446 million18.668.6%48.3%10.7%1.838.5%
BrightSpire Capital, Inc. BRSP$416 million23.862.2%27.0%2.5%2.9819.2%
NexPoint Residential Trust, Inc. NXRT$415 millionn/a-16.6%10.6%0.7%7.2413.0%
Industrial Logistics Properties Trust ILPT$397 millionn/a-14.9%33.7%3.5%9.854.2%
Farmland Partners Inc. FPI$369 million55.002.3%12.4%-5.6%0.5615.8%
Arbor Realty Trust Inc. ABR$299 millionn/a-4.2%n/a-12.9%4.4158.6%
Apollo Commercial Real Estate Finance, Inc. ARI$297 million2.9010.5%35.1%-14.7%n/a43.1%
Mesabi Trust MSB$226 million34.8836.9%n/a-87.6%0.00n/a
North European Oil Royalty Trust NRT$65 millionn/an/an/an/an/an/a
115 companies share its SEC industry code (Real Estate Investment Trusts); the rest are the names nearest in size in its wider industry, Trading, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on ESS

Dividends$10.34 a share over the four quarters to 30 September 2026, a 3.79% yield
Filings17 in twelve months: 10 current reports (8-K), about 4 results of operations; 2 material agreement; 2 new financial obligation; 2 regulation FD disclosure; 1 shareholder vote
Planned insider sales1 Form 144 notice in twelve months, $167,670; latest 27 May 2026
Options tapeput/call 0.32 by open interest at the 6 November 2026 close; the straddle prices a 3.8% move to 20 November 2026
13F holders636 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading1 sale and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest2.5 million shares short, 5.65 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202628 October 2026EDGAR
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 202520 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 202530 April 2025EDGAR
10-K31 December 202421 February 2025EDGAR
10-Q30 September 202430 October 2024EDGAR
10-Q30 June 202431 July 2024EDGAR

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