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 254 apartment communities comprising approximately 62,000 apartment homes.
West Coast Resilience | Essex Property Trust showcases strength in supply-constrained markets, with core FFO outperforming expectations and strategic acquisitions enhancing portfolio quality |
Financial Fortitude | Explore Essex's robust balance sheet, significant liquidity, and consistent dividend policy, underpinning its ability to navigate market uncertainties |
Market Dynamics | Delve into the challenges and opportunities of Essex's West Coast concentration, including tech industry exposure and potential for accelerated rent growth |
Future Trajectory | Analyst targets range from $288 to $321, reflecting cautious optimism about Essex's growth prospects amid evolving coastal market conditions |
Metrics to compare | ESS | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipESSPeersSector | |
---|---|---|---|---|
P/E Ratio | 35.1x | −47.3x | 7.4x | |
PEG Ratio | 7.28 | −2.09 | 0.01 | |
Price/Book | 3.5x | 1.7x | 0.9x | |
Price / LTM Sales | 11.0x | 7.5x | 4.0x | |
Upside (Analyst Target) | 2.4% | 9.4% | 17.8% | |
Fair Value Upside | Unlock | −5.3% | 1.2% | Unlock |