Essex Property Trust (ESS)
NYSEReal EstateReit - ResidentialSnapshot 2026-09-14
$275.73+1.03%
Close 2026-09-14 · 1-day change
NYSEReal EstateReit - ResidentialSnapshot 2026-09-14
Research Workspace
Put ESS beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Real Estate is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Same-property revenue growth of about 3.4% annually: 2.7% vs 3.4% target.
View ThesisRevenue growth is slowing — up about 5% over the past year and decelerating.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityManagement screens strong on capital allocation, earnings delivery, margins, the balance sheet.
View ManagementExpectations look high — the market is pricing in about 17% growth a year, above the roughly 4% analysts expect, leaving little room for error.
View ValuationRelatively steady — typically moves about 1% a day.
View RiskEssex Property Trust's growth depends on maintaining and exceeding Core FFO guidance. Same-property revenue growth is about 3.4% annually, below the 3.4% target. Revenue grew 2.7% year over year, with the last quarter beating expectations. It trades at 17× P/FFO versus a 13× peer median, indicating the market prices in more growth than forecast. The primary risk is the pressure on same-property revenue growth, which is currently below target. Peer multiples imply a price about 16% below where it trades (it looks expensive on this basis). This read is provisional.
Trailing returns as of 2026-09-14. ESS is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 27 analysts currently covering ESS (as of Sep 2026).
Based on 13 Wall Street analysts offering 12-month price targets for ESS in the last 4 months.
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Compare ESS with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| ESS Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-09-14. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Multi-Family Residential REITs — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put ESS next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Maintain and exceed Core FFO guidance
Strong quarter supports Core FFO growth guidance.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-14. EPS is implied from price ÷ P/E. Not investment advice.
Current $275.73
The last 12 months of price, then the range of analyst 12-month targets from today’s $275.73.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
