ESS
Essex Property Trust, Inc. Real Estate Real Estate Investment Trusts S&P 500
$264.18Close
$17.0BMarket cap
$234.98 – $298.3352-week range
Late-januaryNext report · estimated
Highlights
Cautions
- Not in an uptrend 3 of 8 trend conditions
- Lagging the market RS 44 · weaker than 56% of stocks over 12 months
- Distribution down-day volume 1.7× up-day volume over 50 sessions
- Earnings shrinking EPS −71% year on year
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
11%
1wk
down 5.1%
price change
1mo
down 1.9%
price change
12-month return
up 9%
market up 11% ·
its own down 1%
F-score
—
— Not assessed
Altman Z
—
Unknown
P/E
24.2×
price / earnings
PEG
—
P/E / EPS growth
P/B
3.1×
price / book
Earnings yield
up 5.3%
EBIT / enterprise value
Cheaper than
—
of the market · not assessed
Revenue growth
down 9%
year on year
EPS growth
down 71%
latest quarter · -24 pts
Sales growth
up 4%
latest quarter · +12 pts
ROE
up 13%
return on equity
Free cash margin
up 11453%
$1.1B FCF
D/E
—
long-term debt / equity
Net debt / EBITDA
-0.1×
net cash
Interest cover
—EBIT / interest
Piotroski tests
Repair signals
- Gross margin 12105.7% → 14060.1%
Trade setup
ATR%
2.2%
$5.92 a day · 2×ATR $252.35
RS
44 / 99
vs the universe
Trend
3 / 8
trend template
Relative volume
1.7×
vs 50-day average
Up/down volume
0.59
50 sessions
Implied move
—
no scheduled report
Trend template · 3 of 8
- Price above the 150 and 200-day averages: fails
- 150-day average above the 200-day: passes
- 200-day average rising for a month: passes
- 50-day average above the 150 and 200-day: fails
- Price above the 50-day average: fails
- At least 30% above the 52-week low: fails
- Within 25% of the 52-week high: passes
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Revenue shrinking Revenue fell 8.6% over the year, from $10.3M to $9.4M.
Last reported
Oct 27, 2026
Results reaction
Oct 27, 2026-6% vs market2 sessions after results
Options
$2,16821.6% IV · activity
Financials
- Gross 14060%
- Net 7491%
- Free cash 11453%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $9.6M | $9.1M | $11.1M | $11.1M | $10.3M | $9.4M |
| Gross margin | — | — | 10130% | 10516% | 12106% | 14060% |
| Operating income | $491.4M | $530.0M | $595.2M | $584.3M | $703.1M | $899.3M |
| Net income | $599.3M | $515.7M | $433.0M | $430.7M | $811.3M | $702.8M |
| Net margin | 6244% | 5643% | 3887% | 3869% | 7904% | 7491% |
| Earnings per share | $9.14 | $7.92 | $6.65 | $6.70 | $12.63 | $10.91 |
| Free cash flow | $803.1M | $905.3M | $975.6M | $980.1M | $1.1B | $1.1B |
| Free cash margin | 8367% | 9907% | 8759% | 8805% | 10407% | 11453% |
| Cash | $73.6M | $48.4M | $33.3M | $391.7M | $66.8M | $76.2M |
| Long-term debt | $643.5M | $639.0M | — | — | — | — |
| Shareholders' equity | $6.0B | $6.0B | $5.7B | $5.4B | $5.5B | $5.5B |
| Shares outstanding | 65m | 65.25m | 64.60m | 64.20m | 64.28m | 64.44m |
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $252 – $277 ±4.7% by Nov 20, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- Smaller 21.6% priced · 26.3% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $2,168 calls $688 · puts $1,480 · latest session
- 2.15× +2.15 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls +200 · puts +19 past week
For options traders: ATM IV 21.6% (+0.7% 1w) · 1m ÷ 3m IV 1.06 · 25Δ skew 5.9 pts · Net GEX $1.0M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Jul 30, 2026 | Quarterly ↗ | Jun 30, 2026 | 30d |
| Apr 29, 2026 | Quarterly ↗ | Mar 31, 2026 | 29d |
| Feb 20, 2026 | Annual ↗ | Dec 31, 2025 | 51d |
| Oct 30, 2025 | Quarterly ↗ | Sep 30, 2025 | 30d |
| Jul 30, 2025 | Quarterly ↗ | Jun 30, 2025 | 30d |
| Apr 30, 2025 | Quarterly ↗ | Mar 31, 2025 | 30d |
| Feb 21, 2025 | Annual ↗ | Dec 31, 2024 | 52d |
| Oct 30, 2024 | Quarterly ↗ | Sep 30, 2024 | 30d |
| Jul 31, 2024 | Quarterly ↗ | Jun 30, 2024 | 31d |
| May 1, 2024 | Quarterly ↗ | Mar 31, 2024 | 31d |
| Feb 23, 2024 | Annual ↗ | Dec 31, 2023 | 54d |
| Oct 27, 2023 | Quarterly ↗ | Sep 30, 2023 | 27d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 27, 2026 | Results ↗ |
| Sep 25, 2026 | Material agreement · New obligation ↗ |
| Sep 11, 2026 | Regulation FD ↗ |
| Jul 29, 2026 | Results ↗ |
| May 29, 2026 | Regulation FD ↗ |
| May 14, 2026 | Shareholder vote ↗ |
| Apr 28, 2026 | Results ↗ |
| Feb 4, 2026 | Results ↗ |
| Dec 12, 2025 | Material agreement · New obligation ↗ |
| Dec 4, 2025 | Other events ↗ |
| Oct 29, 2025 | Results ↗ |
| Jul 29, 2025 | Results ↗ |