Essex Property Trust, Inc. (ESS)

FairStock Score: 56/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable cash flows bought at a sensible price. Essex is a focused West Coast apartment owner—258 communities and over 62,000 homes—which can create local scale and resilient rental demand; beta of 0.71 supports that defensive picture. At the 2026-10-26 close of $275.30, FairStock’s calculations show a 42.81 P/E, 3.32 price-to-book, 3.84% dividend yield, 5.6% FCF yield and 18.70 EV/EBITDA. For a REIT I would not lean on EPS or P/E because depreciation distorts them; FFO/AFFO, the right measures, are not in the data. The filed figures are uneven: in fiscal Q2 2026, the quarter ended 2026-06-30, net income was $66.9M and diluted EPS $0.97; in fiscal Q1 2026 net income was $112.2M and EPS $1.65; in FY2025 net income was $702.8M and EPS $10.40 versus FY2024 net income $811.3M and EPS $11.54. That is a softer profit trend. FairStock’s return figures are ROE 7.71% and ROCE 2.96%; leverage is meaningful at D/E 1.22, with Altman Z 1.32 and Piotroski 7/9. The computed Lynch category is SLOW GROWER—profit 3.2% a year over five years and revenue -0.5%—so the 3.84% yield and 5.6% FCF yield offer support, but P/B 3.32 and EV/EBITDA 18.70 leave little obvious cushion. I would want clearer FFO/AFFO before calling it a bargain.

In plain English: Essex owns and manages apartment communities on the West Coast. It has a large, focused rental portfolio and steady cash generation, but recent filed profit figures have weakened and the company carries meaningful debt. Based on the numbers provided, the shares look expensive compared with accounting value and earnings, while the dividend offers some support.

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Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer