Essex Property Trust Inc
NYSE:ESS

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Essex Property Trust Inc
NYSE:ESS
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Price: 284.43 USD -1.14% Market Closed
Market Cap: 18.3B USD
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Essex Property Trust Inc
Revenue

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Essex Property Trust Inc
Revenue Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Revenue CAGR 3Y CAGR 5Y CAGR 10Y
Essex Property Trust Inc
NYSE:ESS
Revenue
$1.7B
CAGR 3-Years
7%
CAGR 5-Years
4%
CAGR 10-Years
7%
Sun Communities Inc
NYSE:SUI
Revenue
$3.2B
CAGR 3-Years
15%
CAGR 5-Years
21%
CAGR 10-Years
21%
Invitation Homes Inc
NYSE:INVH
Revenue
$2.6B
CAGR 3-Years
10%
CAGR 5-Years
8%
CAGR 10-Years
N/A
Mid-America Apartment Communities Inc
NYSE:MAA
Revenue
$2.2B
CAGR 3-Years
8%
CAGR 5-Years
6%
CAGR 10-Years
8%
Equity Residential
NYSE:EQR
Revenue
$2.9B
CAGR 3-Years
7%
CAGR 5-Years
2%
CAGR 10-Years
1%
Avalonbay Communities Inc
NYSE:AVB
Revenue
$2.9B
CAGR 3-Years
9%
CAGR 5-Years
4%
CAGR 10-Years
6%
No Stocks Found

Essex Property Trust Inc
Glance View

Market Cap
18.3B USD
Industry
Real Estate
Economic Moat
None

Essex Property Trust Inc. is a compelling narrative of growth, rooted in the ever-thriving West Coast real estate market. Founded in 1971 and headquartered in San Mateo, California, Essex has steadily carved a dominant presence in the multifamily housing sector. The company operates as a fully integrated real estate investment trust (REIT), which focuses on the ownership, operation, and development of apartment homes. With an extensive portfolio stretching from Southern California to the Pacific Northwest, Essex strategically invests in areas rich with economic vitality and robust job markets, which often translates into strong demand for housing. By targeting urban and suburban markets characterized by high barriers to entry and limited supply, Essex ensures the sustainability of its rental rates and occupancy levels. The company generates revenue primarily through the leasing of apartment units to tenants. Essex's business model revolves around maximizing rental income and property value appreciation by maintaining high occupancy levels, implementing efficient property management practices, and enhancing the quality of its properties. It continually upgrades its portfolio through renovation projects and strategic acquisitions that align with demographic trends and economic forecasts. This focus on high-demand markets not only cushions the company against economic downturns but also secures stable, recurring rental income. Moreover, by operating as a REIT, Essex is able to distribute a significant portion of its income back to shareholders as dividends, making it an attractive choice for income-focused investors. Through a mix of prudent investment, operational excellence, and a keen understanding of market dynamics, Essex Property Trust cements its status as a leader in the West Coast real estate landscape.

ESS Intrinsic Value
226.23 USD
Overvaluation 20%
Intrinsic Value
Price

See Also

What is Essex Property Trust Inc's Revenue?
Revenue
1.7B USD

Based on the financial report for Sep 30, 2024, Essex Property Trust Inc's Revenue amounts to 1.7B USD.

What is Essex Property Trust Inc's Revenue growth rate?
Revenue CAGR 10Y
7%

Over the last year, the Revenue growth was 5%. The average annual Revenue growth rates for Essex Property Trust Inc have been 7% over the past three years , 4% over the past five years , and 7% over the past ten years .

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