Essex Property Trust (ESS): financials, SEC filings and peers
Essex Property Trust (ESS) is a multi-family residential reits company in the Real Estate sector of the S&P 500, headquartered in San Mateo, California.
It was founded in 1971 and joined the S&P 500 on April 2, 2014.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Real Estate Investment Trusts”.
Essex Property Trust at a glance
- Revenue (12 months)
- $1.9B
- Revenue growth
- +4.7%
- Operating margin
- 32.5%
- Net income (12 months)
- $438M
- Free cash flow (12 months)
- —
- Cash
- $58M
- Debt
- $6.4B
- Diluted EPS (12 months)
- $6.43
Twelve months to June 30, 2026, from the 10-Q filed July 30, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Essex Property Trust reported revenue of $1.9 billion, about the same as a year earlier (+4.7%).
Its operating margin was 32.5%, down 20.2 percentage points from a year earlier: for every $100 of sales, about $33 was left as operating profit.
Net income was $438 million (22.7% of revenue), 49.8% lower than a year earlier.
At the end of the period it held $58 million in cash and $6.4 billion in debt, a net debt position of $6.3 billion.
Five-year trend
- Revenue went from $1.5 billion in fiscal 2020 to $1.9 billion in fiscal 2025, about 4.8% a year.
- Revenue has grown for 4 fiscal years in a row.
- Operating margin widened from 32.9% to 47.6% over the same years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.6B | $1.7B | $1.8B | $1.9B |
| Revenue growth | -3.7% | 11.5% | 3.9% | 6.3% | 6.4% |
| Operating margin | 36.8% | 37.0% | 35.0% | 39.6% | 47.6% |
| Net income | $516M | $433M | $431M | $811M | $703M |
| Free cash flow | — | — | — | — | — |
| Diluted EPS | $7.51 | $6.27 | $6.32 | $11.54 | $10.40 |
Fiscal years as reported in Essex Property Trust’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 25, 2026 — Material agreement; New debt obligation
- 8-K filed September 11, 2026 — Regulation FD disclosure
- 10-Q filed July 30, 2026 — quarterly report
- 8-K filed July 29, 2026 — Earnings results
- 8-K filed May 29, 2026 — Regulation FD disclosure
- 8-K filed May 14, 2026 — Shareholder vote results
- 10-Q filed April 29, 2026 — quarterly report
- 8-K filed April 28, 2026 — Earnings results
Companies like Essex Property Trust
Other S&P 500 companies in Multi-Family Residential REITs:
- CPTCamden Property TrustHouston, Texas
- MAAMid-America Apartment CommunitiesMemphis, Tennessee
- UDRUDR, Inc.Highlands Ranch, Colorado
- VMRKVivmark ResidentialChicago, Illinois
More from Real Estate
Questions about Essex Property Trust
Is Essex Property Trust's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $1.9 billion, up 4.7% from a year earlier, according to its SEC filings.
Is Essex Property Trust profitable?
Yes. It earned $438 million in net income over the twelve months to June 30, 2026, a net margin of 22.7%.
Does Essex Property Trust have more cash or more debt?
At June 30, 2026 it had $58 million in cash and $6.4 billion in debt, so more debt than cash.
When did Essex Property Trust last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 30, 2026.
Which companies are similar to Essex Property Trust?
In the S&P 500, Essex Property Trust is grouped in Multi-Family Residential REITs within the Real Estate sector. Camden Property Trust (CPT), Mid-America Apartment Communities (MAA), UDR, Inc. (UDR), Vivmark Residential (VMRK) are in the same group.
Understand the numbers
Source: Essex Property Trust’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.