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ESS · Essex Property Trust, Inc.

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ChatGPT Claude Gemini
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$280.89 -7.28 (-2.53%)
Market Cap
$18.77B
Shares
64.27M

Price & Indicators

Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$288.17 Open$292.84 Day$287.92–292.86 52W close$239.61–298.33 Avg vol 30d434K Short int2.0M · 3.1% float · 5.8d Short vol30% Last earningsJul 30, 2026 DataJan 2020–Aug 2026 Filing10-Q · Jul 30

Up next

Next earnings call
Oct 26, 2026 Est · unconfirmed · in 9 wks
FQ3-26 quarter ends
~Sep 30, 2026 Est
Latest filing: 10-Q
filed Jul 30, 2026

AI Brief

TL;DR.

Bullish
    Bearish

      AI-generated from the earnings call and 8-K · may contain errors · not investment advice

      Ask ALVIS about this →

      Equibles Rating

      blended score · not investment advice
      Overall
      Buy
      SellHoldBuy
      Technical Buy Momentum Strong Sentiment Bullish Fundamentals Weak Quant / Vol Very Low
      Market backdrop VIX 15.2 · calm Equity put/call 0.64
      Technical
      price trend
      Buy
      50 / 200-day cross No cross
      Price vs 200-day avg +8%
      above
      Price vs 50-day avg −0%
      below
      RSI (14) 50
      neutral
      MACD trend Positive
      52-week position 83%
      mid-range
      Volume (OBV) Bullish div.
      accumulating
      Momentum
      relative strength
      Strong
      1-month return −3%
      trailing
      6-month return +12%
      trailing
      YTD return +10%
      this year
      Relative strength −1%
      vs S&P · 6-mo
      Sentiment
      smart money
      Bullish
      Trend (MA cross) No cross
      50d $289 › 200d $266 — 50d above 200d
      Institutional flow Accumulating
      +3% holders QoQ · +74 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Falling
      3.07% of float · ▼ -11.5% MoM · 5.8 days cover
      Volume signal Reversal watch
      High volume on a down day — possible exhaustion
      Institution breadth Multi-yr high
      627 holders — near 3-yr high, broad support
      Squeeze score 49
      elevated · 0–100
      Fundamentals
      Weak
      Revenue growth +6%
      Y/Y
      Gross margin 70%
      contracting
      EPS growth −10%
      Y/Y
      Valuation P/E 45.5
      rich
      Buyback $500.0M
      remaining
      Balance sheet $562.7M
      net debt
      Quant / Vol
      risk profile
      Very Low
      Volatility 20%
      annualized · 1-yr
      Max drawdown −11%
      past year
      ATR 1.8%
      of price · 14-day

      Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

      Guidance & track record

      Latest guidance · from the 8-K filed Jul 29, 2026
      Full-Year 2026
      Net Income Initiated $5.47 – $5.69
      prior FY $10.40 midpoint −46.3% Y/Y
      Total FFO Initiated $15.37 – $15.59
      Same-Property Net Operating Income Initiated 2.3% – 3.3%
      Same-Property Revenues Initiated 2.5% – 3.1%
      Q3 2026
      Q3 2026 Core FFO Initiated $3.93 – $4.05
      2026 Full-Year
      Funds from Operations per diluted Share Initiated $15.37 – $15.59
      Core Funds from Operations per diluted Share Initiated $16.03 – $16.25
      EPS - Diluted Initiated $5.47 – $5.69
      prior FY $10.40 midpoint −46.3% Y/Y
      3rd Quarter 2026
      FFO per share - diluted Initiated $3.93 – $4.05
      EPS - diluted Initiated $1.41 – $1.53
      prior qtr $0.97 midpoint +51.5% QoQ
      Core FFO per share - diluted Initiated $3.93 – $4.05
      Prior guidance period ended · from the 8-K filed Apr 28, 2026
      Core FFO · Q2 2026 $3.92 – $4.04

      Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

      Technicals

      trend & momentum for long-term holders Buy
      0 · 4 · 3
      50 / 200-day cross
      No cross Neutral
      Price vs 200-day avg
      +8% Bullish
      Price vs 50-day avg
      −0% Neutral
      RSI (14)
      50 Neutral
      MACD trend
      Positive Bullish
      52-week position
      83% Neutral
      Volume (OBV)
      Bullish div. Bullish
      Market signals — smart money & positioning
      Bullish · 3 of 6
      Trend (MA cross) No cross
      50d $289 › 200d $266 — 50d above 200d
      Institutional flow Accumulating
      +3% holders QoQ · +74 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Falling
      3.07% of float · ▼ -11.5% MoM · 5.8 days cover
      Volume signal Reversal watch
      High volume on a down day — possible exhaustion
      Institution breadth Multi-yr high
      627 holders — near 3-yr high, broad support
      Price context
      position in its 52-week range
      Range low $240 Now $288 · 83% Range high $298
      vs 200-day avg +8% vs 50-day avg 0%

      Illustrative technical + ownership context — a signal mix, not investment advice.

      Key metrics

      the company's own KPIs, from written earnings releases and filings
      Metric Latest Period YoY
      GAAP → non-GAAP reconciliation
      GAAP EBITDAre 296.79M
      -5.72M Realized and unrealized gains on marketable securities, net
      -256K Provision for credit losses
      +849K Equity loss from unconsolidated technology co-investments
      -363K Tax benefit on unconsolidated technology co-investments
      +56.79M General and administrative and other, net
      -247K Insurance reimbursements and other, net
      -179K Income from early redemption of preferred equity investments
      = Adjusted EBITDAre 347.67M
      Apartment Homes 55,616 as of June 30, 2026 —
      Average apartment homes in quarter 55,616 Q2 2026 —
      Common stock repurchased year-to-date 254,001 Six Months Ended June 30, 2026 —
      Immediately available liquidity 1.4B As of June 30, 2026 —
      Net Indebtedness non-GAAP 7.51B June 30, 2026 —
      Net Indebtedness Divided by Adjusted EBITDAre, normalized and annualized non-GAAP 5.4 June 30, 2026 —
      Number of total consolidated interior renovations 978 Q2 2026 —
      Same-Property Portfolio financial occupancy 96.3% Quarter Ended 6/30/2026 —
      Same-Property Revenue Growth with Concessions on a GAAP basis - GAAP rental revenue 2.8% Six Months Ended June 30, 2026 —
      Same-Property Revenue Growth with Concessions on a GAAP basis - reported rental revenue 2.8% Six Months Ended June 30, 2026 —
      Total Development Projects - Consolidated Estimated Apartment Homes 543 as of June 30, 2026 —
      % change - GAAP rental revenue 3% Three Months Ended March 31, 2026 —
      % change - reported rental revenue 2.9% Three Months Ended March 31, 2026 —
      Adjusted EBITDAre, normalized and annualized non-GAAP 1.38B Three Months Ended March 31, 2026 —
      Average Monthly Rental Rate $2,753 quarter ended March 31, 2026 —
      Capital expenditures per apartment home $353 Q1 '26 —
      Core funds from operations attributable to common stockholders and unitholders non-GAAP 270.86M Three Months Ended March 31, 2026 —
      EBITDAre non-GAAP $352.55M Three Months Ended March 31, 2026 —
      GAAP → non-GAAP reconciliation
      GAAP Net income available to common stockholders $106.19M
      +$6.02M Net income attributable to noncontrolling interest
      +$64.02M Interest expense, net
      +$154.9M Depreciation and amortization
      +$108K Income tax provision
      +$21.32M Co-investment EBITDAre adjustments
      = EBITDAre $352.55M
      Estimated Total Cost $311M as of March 31, 2026 —
      FFO per share-diluted non-GAAP $4.17 Three Months Ended March 31, 2026 —
      Funds from operations attributable to common stockholders and unitholders (FFO) non-GAAP 278.03M Three Months Ended March 31, 2026 —
      NOI non-GAAP 341.19M Three Months Ended March 31, 2026 —
      GAAP → non-GAAP reconciliation
      GAAP Earnings from operations 155.19M
      +13.4M Corporate-level property management expenses
      +154.9M Depreciation and amortization
      -2.31M Management and other fees from affiliates
      +20.01M General and administrative
      +0K Gain on sale of real estate and land
      = NOI 341.19M
      Non-revenue generating capital expenditures $19.64M Q1 '26 —
      Total revenue generating capital expenditures $8.69M Q1 '26 —
      Total Same-Property 52,135 Q1 '26 —
      Weighted average number of shares outstanding diluted non-GAAP 66,688,617 Three Months Ended March 31, 2026 —
      Annualized Turnover 35% Q4 2025 —
      Same-Property Net Effective Rate Growth - Blended 1.9% Q4 2025 —
      Same-Property Operating Margin 70% Q4 2025 —

      Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

      Versus peers

      REIT - Residential — same industry group
      Open screener →
      Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
      ESS
      Essex Property Trust, Inc.
      this stock
      		$18.77B +10.1% +6.4% 45.5 3.1%
      VMRK
      Vivmark Residential
      		 $25.35B +6.0% +4.8% 29.3 2.8%
      INVH
      Invitation Homes Inc.
      		 $17.84B +7.6% +4.2% 27.7 2.2%
      SUI
      Sun Communities Inc
      		 $15.43B +1.1% -23.1% — 3.4%
      MAA
      Mid America Apartment Communities Inc.
      		 $15.41B -5.3% +0.8% 40.1 3.7%

      Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

      At a glance

      key data from every section
      Ownership
      Institutional Holders Accumulating
      Holders
      627
      % held
      101.2%
      Net QoQ
      +2.8M sh
      Top holder
      BlackRock, Inc.
      Held Float
      View
      Held by Funds
      Fund positions
      695
      View
      Short & Settlement
      Short Interest Falling
      Shares short
      2.0M
      Days to cover
      5.8d
      Change
      -255.9K sh
      View
      Short Volume
      Short vol %
      30%
      As of
      Aug 26, 2026
      Short Total
      View
      Fails to Deliver
      FTD shares
      1.9K
      Value
      $570.0K
      As of
      Jul 23, 2026
      View
      Off-Exchange
      Off-exchange %
      41.2%
      Week of
      Jul 20, 2026
      Off-exch Lit
      View
      Smart Money
      Congressional Trades Buy
      Member
      Alan Armstrong
      Amount
      $1.0K–$15.0K
      Traded
      Mar 27, 2026
      View
      Financials
      Financials
      Revenue (FY)
      $1.9B
      Net income (FY)
      $390.2M
      EPS diluted
      $10.40
      View
      Buybacks
      Authorized
      $500.0M
      Remaining
      $500.0M
      Spent Remaining
      View
      Filings
      SEC Filings
      Latest
      10-Q
      Filed
      Jul 30, 2026
      This year
      9
      View
      Proposed Sales
      Value
      $167.7K
      Shares
      600
      Filed
      May 27, 2026
      View
      Earnings & Events
      Earnings Calls
      Last call
      Jul 30, 2026
      View

      Performance

      5D 20D 120D MTD YTD
      ESS +0.3% -2.9% +11.6% +1.4% +10.1%
      SPY -0.4% +5.0% +12.4% +2.6% +12.3%
      vs SPY +0.7% -7.9% -0.9% -1.1% -2.2%

      Capital returns

      Latest dividend
      $2.59 / share · ex Jun 30, 2026
      Raised 0.8%
      Paid (TTM)
      $10.32 / share · 4 payouts
      Dividend yield (TTM, derived)
      3.58%
      Buyback program · as of Jun 30, 2026
      Authorized
      $500.00M
      Spent (derived)
      $0
      Remaining
      $500.00M
      Spent Remaining

      Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

      Key facts CIK 920522 CUSIP 297178105 13F (30d) 491 filings 489 filers Visit website Investor relations

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