NYSE:ESS (USA) Also trade in: Germany UK

Essex Property Trust Inc

$ 290.97 1.56 (0.54%)
Volume: 292,887 Avg Vol (1m): 273,426
Market Cap $: 19.12 Bil Enterprise Value $: 24.88 Bil
P/E (TTM): 45.97 P/B: 3.09
Earnings Power Value -29.58
Net Current Asset Value -93.41
Tangible Book 94.12
Projected FCF 174.78
Median P/S Value 221.57
Graham Number 115.78
Peter Lynch Value 64.44
DCF (FCF Based) 0
DCF (Earnings Based) 0
1Y (-%)

Financial Strength : 5/10

GuruFocus Financial Strength Rank measures how strong a company's financial situation is . It is based on these factors
1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
Current vs industry vs history
Cash-to-Debt 0.02
Cash-To-Debt ranked lower than
61.87% of 598 companies
in the REIT - Residential industry.
Industry Max: 10000, Med: 0.06, Min: 0.01
ESS: 0.02
Ranked among companies with meaningful Cash-To-Debt only.
Cash-To-Debt range over the past 10 years
Min: 0, Med: 0.02, Max: 1.94
Current: 0.02
0
1.94
Equity-to-Asset 0.49
Equity-to-Asset ranked lower than
50.16% of 642 companies
in the REIT - Residential industry.
Industry Max: 1.15, Med: 0.52, Min: -0.31
ESS: 0.49
Ranked among companies with meaningful Equity-to-Asset only.
Equity-to-Asset range over the past 10 years
Min: 0.25, Med: 0.32, Max: 0.59
Current: 0.49
0.25
0.59
Debt-to-Equity 0.93
Debt-to-Equity ranked lower than
57.10% of 613 companies
in the REIT - Residential industry.
Industry Max: 131.44, Med: 0.81, Min: 0.01
ESS: 0.93
Ranked among companies with meaningful Debt-to-Equity only.
Debt-to-Equity range over the past 10 years
Min: 0.54, Med: 1.6, Max: 2.35
Current: 0.93
0.54
2.35
Debt-to-EBITDA 5.02
Debt-to-EBITDA ranked higher than
57.40% of 608 companies
in the REIT - Residential industry.
Industry Max: 403.53, Med: 5.75, Min: 0.02
ESS: 5.02
Ranked among companies with meaningful Debt-to-EBITDA only.
Debt-to-EBITDA range over the past 10 years
Min: 4.95, Med: 6.8, Max: 8.48
Current: 5.02
4.95
8.48
Interest Coverage 2.08
Interest Coverage ranked lower than
73.62% of 614 companies
in the REIT - Residential industry.
Industry Max: 13686.28, Med: 3.35, Min: 0.05
ESS: 2.08
Ranked among companies with meaningful Interest Coverage only.
Interest Coverage range over the past 10 years
Min: 1.31, Med: 1.61, Max: 2.04
Current: 2.08
1.31
2.04
Piotroski F-Score 6
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 2.01
DISTRESS
GREY
SAFE
Beneish M-Score -2.69
Not Manipulator
Manipulator
WACC vs ROIC %
ROIC 3.81%
WACC 4.53%

Profitability & Growth : 8/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % 32.32
Operating Margin ranked lower than
68.93% of 618 companies
in the REIT - Residential industry.
Industry Max: 26100, Med: 50.42, Min: -1947.83
ESS: 32.32
Ranked among companies with meaningful Operating Margin only.
Operating Margin range over the past 10 years
Min: 26.34, Med: 31.08, Max: 32.85
Current: 32.32
26.34
32.85
Net Margin % 29.67
Net Margin ranked lower than
67.33% of 649 companies
in the REIT - Residential industry.
Industry Max: 26300, Med: 43.99, Min: -2682.72
ESS: 29.67
Ranked among companies with meaningful Net Margin only.
Net Margin range over the past 10 years
Min: 8.76, Med: 21.42, Max: 32.07
Current: 29.67
8.76
32.07
ROE % 6.64
ROE ranked lower than
60.68% of 651 companies
in the REIT - Residential industry.
Industry Max: 480.34, Med: 7.39, Min: -1081.35
ESS: 6.64
Ranked among companies with meaningful ROE only.
ROE range over the past 10 years
Min: 2.96, Med: 6.42, Max: 8.66
Current: 6.64
2.96
8.66
ROA % 3.34
ROA ranked lower than
59.30% of 656 companies
in the REIT - Residential industry.
Industry Max: 58.17, Med: 3.68, Min: -33.9
ESS: 3.34
Ranked among companies with meaningful ROA only.
ROA range over the past 10 years
Min: 1.03, Med: 2.4, Max: 3.5
Current: 3.34
1.03
3.5
3-Year Total Revenue Growth Rate 5.40
3-Year Revenue Growth Rate ranked higher than
71.96% of 560 companies
in the REIT - Residential industry.
Industry Max: 260.2, Med: 2.2, Min: -100
ESS: 4.9
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
3-Year Revenue Growth Rate range over the past 10 years
Min: -3.8, Med: 6.2, Max: 20.9
Current: 4.9
-3.8
20.9
3-Year Total EBITDA Growth Rate 7.10
3-Year EBITDA Growth Rate ranked higher than
73.81% of 504 companies
in the REIT - Residential industry.
Industry Max: 792.4, Med: 2.9, Min: -229.9
ESS: 6.6
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
3-Year EBITDA Growth Rate range over the past 10 years
Min: -28.2, Med: 6.5, Max: 54.1
Current: 6.6
-28.2
54.1
3-Year EPS w/o NRI Growth Rate 19.10
3-Year EPS w/o NRI Growth Rate ranked higher than
88.84% of 475 companies
in the REIT - Residential industry.
Industry Max: 517.1, Med: 5.6, Min: -150.2
ESS: 19.1
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: -26.8, Med: 6.35, Max: 55.1
Current: 19.1
-26.8
55.1

» ESS's 30-Y Financials

Financials (Next Earnings Date: 2019-08-02)

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Business Description

Industry REITs » REIT - Residential    NAICS : 531110    SIC : 6798
Compare NYSE:INVH NYSE:UDR NYSE:MAA NYSE:SUI NYSE:ELS NYSE:CPT NAS:AGNC NYSE:AVB NYSE:EQR NYSE:AIV NYSE:AMH NYSE:NRZ NYSE:ACC TSX:CAR.UN NYSE:TWO TSE:3269 XPAR:ALTA XBRU:AED TSE:3282 TSX:BEI.UN
Traded in other countries EXP.Germany 0IIR.UK
Address 1100 Park Place, Suite 200, San Mateo, CA, USA, 94403
Essex Property Trust owns and develops multifamily apartments across the West Coast, focusing on Seattle, Northern California, and Southern California. The company owns or holds an interest in roughly 250 garden-style, midrise, and high-rise multifamily assets, totaling nearly 60,000 apartment homes.

Ratios

Current vs industry vs history
PE Ratio (TTM) 45.97
PE Ratio ranked lower than
87.88% of 586 companies
in the REIT - Residential industry.
Industry Max: 570, Med: 15.5, Min: 0.01
ESS: 45.97
Ranked among companies with meaningful PE Ratio only.
PE Ratio range over the past 10 years
Min: 18.21, Med: 47.22, Max: 151.04
Current: 45.97
18.21
151.04
Forward PE Ratio 53.19
Forward P/E ranked lower than
90.40% of 250 companies
in the REIT - Residential industry.
Industry Max: 222.22, Med: 19.65, Min: 4.77
ESS: 53.19
Ranked among companies with meaningful Forward P/E only.
N/A
PE Ratio without NRI 45.97
PE without NRI ranked lower than
87.26% of 581 companies
in the REIT - Residential industry.
Industry Max: 570, Med: 15.6, Min: 0.01
ESS: 45.97
Ranked among companies with meaningful PE without NRI only.
PE without NRI range over the past 10 years
Min: 19.71, Med: 54.54, Max: 193.91
Current: 45.97
19.71
193.91
Price-to-Owner-Earnings 23.12
Price-to-Owner-Earnings ranked lower than
65.85% of 328 companies
in the REIT - Residential industry.
Industry Max: 1320, Med: 14.08, Min: 0.85
ESS: 23.12
Ranked among companies with meaningful Price-to-Owner-Earnings only.
Price-to-Owner-Earnings range over the past 10 years
Min: 16.33, Med: 21.91, Max: 420.88
Current: 23.12
16.33
420.88
PB Ratio 3.09
PB Ratio ranked lower than
90.31% of 640 companies
in the REIT - Residential industry.
Industry Max: 273.33, Med: 1.1, Min: 0.04
ESS: 3.09
Ranked among companies with meaningful PB Ratio only.
PB Ratio range over the past 10 years
Min: 1.68, Med: 2.68, Max: 4.31
Current: 3.09
1.68
4.31
PS Ratio 13.63
PS Ratio ranked lower than
82.41% of 614 companies
in the REIT - Residential industry.
Industry Max: 211.74, Med: 7.55, Min: 0.01
ESS: 13.63
Ranked among companies with meaningful PS Ratio only.
PS Ratio range over the past 10 years
Min: 3.38, Med: 10.38, Max: 13.92
Current: 13.63
3.38
13.92
Price-to-Free-Cash-Flow 26.30
Price-to-Free-Cash-Flow ranked lower than
62.84% of 366 companies
in the REIT - Residential industry.
Industry Max: 2530, Med: 18.09, Min: 0.07
ESS: 26.3
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
Price-to-Free-Cash-Flow range over the past 10 years
Min: 12.23, Med: 24.45, Max: 161.22
Current: 26.3
12.23
161.22
Price-to-Operating-Cash-Flow 23.59
Price-to-Operating-Cash-Flow ranked lower than
75.00% of 560 companies
in the REIT - Residential industry.
Industry Max: 435, Med: 14.62, Min: 0.07
ESS: 23.59
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 7.62, Med: 20.48, Max: 27.03
Current: 23.59
7.62
27.03
EV-to-EBIT 37.59
EV-to-EBIT ranked lower than
76.23% of 589 companies
in the REIT - Residential industry.
Industry Max: 1419.39, Med: 19.79, Min: 0.12
ESS: 37.59
Ranked among companies with meaningful EV-to-EBIT only.
EV-to-EBIT range over the past 10 years
Min: 20.8, Med: 37.5, Max: 70.8
Current: 37.59
20.8
70.8
EV-to-EBITDA 21.76
EV-to-EBITDA ranked lower than
66.72% of 601 companies
in the REIT - Residential industry.
Industry Max: 1267.57, Med: 15.96, Min: 0.12
ESS: 21.76
Ranked among companies with meaningful EV-to-EBITDA only.
EV-to-EBITDA range over the past 10 years
Min: 12.4, Med: 20.7, Max: 34.9
Current: 21.76
12.4
34.9
EV-to-Revenue 17.65
EV-to-Revenue ranked lower than
70.46% of 650 companies
in the REIT - Residential industry.
Industry Max: 4424, Med: 12.62, Min: 0.19
ESS: 17.65
Ranked among companies with meaningful EV-to-Revenue only.
EV-to-Revenue range over the past 10 years
Min: 8.3, Med: 15.6, Max: 23.5
Current: 17.65
8.3
23.5
PEG Ratio 5.00
PEG Ratio ranked lower than
65.13% of 238 companies
in the REIT - Residential industry.
Industry Max: 1074.75, Med: 1.92, Min: 0.03
ESS: 5
Ranked among companies with meaningful PEG Ratio only.
PEG Ratio range over the past 10 years
Min: 2.98, Med: 8.32, Max: 37.94
Current: 5
2.98
37.94
Shiller PE Ratio 72.98
Shiller PE Ratio ranked lower than
87.55% of 233 companies
in the REIT - Residential industry.
Industry Max: 3251.85, Med: 23.55, Min: 3.32
ESS: 72.98
Ranked among companies with meaningful Shiller PE Ratio only.
Shiller PE Ratio range over the past 10 years
Min: 17.69, Med: 54.23, Max: 82.95
Current: 72.98
17.69
82.95
Current Ratio 0.65
Current Ratio ranked lower than
53.85% of 611 companies
in the REIT - Residential industry.
Industry Max: 450.08, Med: 1.11, Min: 0.04
ESS: 0.65
Ranked among companies with meaningful Current Ratio only.
Current Ratio range over the past 10 years
Min: 0.21, Med: 0.96, Max: 6.86
Current: 0.65
0.21
6.86
Quick Ratio 0.65
Quick Ratio ranked lower than
51.88% of 611 companies
in the REIT - Residential industry.
Industry Max: 450.08, Med: 1.01, Min: 0.02
ESS: 0.65
Ranked among companies with meaningful Quick Ratio only.
Quick Ratio range over the past 10 years
Min: 0.21, Med: 0.96, Max: 6.86
Current: 0.65
0.21
6.86
Days Payable 156.88
Days Payable ranked lower than
50.20% of 488 companies
in the REIT - Residential industry.
Industry Max: 12948.81, Med: 118.18, Min: 0.14
ESS: 156.88
Ranked among companies with meaningful Days Payable only.
Days Payable range over the past 10 years
Min: 108.8, Med: 128.66, Max: 157.85
Current: 156.88
108.8
157.85

Dividend & Buy Back

Current vs industry vs history
Dividend Yield % 2.59
Trailing Dividend Yield ranked lower than
96.42% of 978 companies
in the REIT - Residential industry.
Industry Max: 543.81, Med: 5.3, Min: 0.13
ESS: 2.59
Ranked among companies with meaningful Trailing Dividend Yield only.
Trailing Dividend Yield range over the past 10 years
Min: 2.22, Med: 2.93, Max: 7.5
Current: 2.59
2.22
7.5
Dividend Payout Ratio 1.19
Dividend Payout Ratio ranked lower than
76.14% of 700 companies
in the REIT - Residential industry.
Industry Max: 63.97, Med: 1.03, Min: 0.01
ESS: 1.19
Ranked among companies with meaningful Dividend Payout Ratio only.
Dividend Payout Ratio range over the past 10 years
Min: 1.02, Med: 1.53, Max: 4.43
Current: 1.19
1.02
4.43
3-Year Dividend Growth Rate (Per Share) 8.90
3-Year Dividend Growth Rate ranked higher than
77.52% of 436 companies
in the REIT - Residential industry.
Industry Max: 180.2, Med: 4.4, Min: -100
ESS: 8.9
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
3-Year Dividend Growth Rate range over the past 10 years
Min: 0.6, Med: 7.4, Max: 24.6
Current: 8.9
0.6
24.6
Forward Dividend Yield % 2.68
Forward Dividend Yield ranked lower than
100.00% of 977 companies
in the REIT - Residential industry.
Industry Max: 572.61, Med: 5.84, Min: 0.06
ESS: 2.68
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield-on-Cost (5-Year) % 4.10
Yield-on-Cost (5y) ranked lower than
69.57% of 976 companies
in the REIT - Residential industry.
Industry Max: 693.19, Med: 6.09, Min: 0.13
ESS: 4.1
Ranked among companies with meaningful Yield-on-Cost (5y) only.
Yield-on-Cost (5y) range over the past 10 years
Min: 3.51, Med: 4.63, Max: 11.86
Current: 4.1
3.51
11.86
3-Year Share Buyback Rate -0.30
3-Year Share Buyback Rate ranked higher than
73.57% of 507 companies
in the REIT - Residential industry.
Industry Max: 32.1, Med: -4.9, Min: -581.1
ESS: -0.3
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
3-Year Share Buyback Rate range over the past 10 years
Min: -38.4, Med: -7.3, Max: -0.3
Current: -0.3
-38.4
-0.3

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 3.09
Price-to-Tangible-Book ranked lower than
89.05% of 630 companies
in the REIT - Residential industry.
Industry Max: 273.33, Med: 1.12, Min: 0.05
ESS: 3.09
Ranked among companies with meaningful Price-to-Tangible-Book only.
Price-to-Tangible-Book range over the past 10 years
Min: 1.13, Med: 2.51, Max: 5.23
Current: 3.09
1.13
5.23
Price-to-Projected-FCF 1.66
Price-to-Intrinsic-Value-Projected-FCF ranked lower than
68.46% of 298 companies
in the REIT - Residential industry.
Industry Max: 51.01, Med: 1.09, Min: 0.14
ESS: 1.66
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 1.43, Med: 2.66, Max: 87.85
Current: 1.66
1.43
87.85
Price-to-Median-PS-Value 1.32
Price-to-Median-PS-Value ranked lower than
62.00% of 500 companies
in the REIT - Residential industry.
Industry Max: 85.77, Med: 1.04, Min: 0.04
ESS: 1.32
Ranked among companies with meaningful Price-to-Median-PS-Value only.
Price-to-Median-PS-Value range over the past 10 years
Min: 0.23, Med: 0.65, Max: 1.31
Current: 1.32
0.23
1.31
Price-to-Peter-Lynch-Fair-Value 4.52
Price-to-Peter-Lynch-Fair-Value ranked lower than
79.03% of 124 companies
in the REIT - Residential industry.
Industry Max: 21.43, Med: 1.33, Min: 0.02
ESS: 4.52
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
Price-to-Peter-Lynch-Fair-Value range over the past 10 years
Min: 0.68, Med: 4.88, Max: 28.16
Current: 4.52
0.68
28.16
Price-to-Graham-Number 2.51
Price-to-Graham-Number ranked lower than
88.93% of 515 companies
in the REIT - Residential industry.
Industry Max: 24.57, Med: 0.88, Min: 0.07
ESS: 2.51
Ranked among companies with meaningful Price-to-Graham-Number only.
Price-to-Graham-Number range over the past 10 years
Min: 0.85, Med: 2.09, Max: 5.36
Current: 2.51
0.85
5.36
Earnings Yield (Joel Greenblatt) % 2.66
Earnings Yield (Greenblatt) ranked lower than
71.38% of 629 companies
in the REIT - Residential industry.
Industry Max: 833.33, Med: 4.84, Min: -142.86
ESS: 2.66
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
Earnings Yield (Greenblatt) range over the past 10 years
Min: 1.4, Med: 2.7, Max: 4.8
Current: 2.66
1.4
4.8
Forward Rate of Return (Yacktman) % 13.55
Forward Rate of Return ranked higher than
79.33% of 387 companies
in the REIT - Residential industry.
Industry Max: 59.14, Med: 4.17, Min: -195.16
ESS: 13.55
Ranked among companies with meaningful Forward Rate of Return only.
Forward Rate of Return range over the past 10 years
Min: -5, Med: 8, Max: 14.6
Current: 13.55
-5
14.6

More Statistics

Revenue (TTM) (Mil) $ 1,409.02
EPS (TTM) $ 6.33
Beta 0.4
Volatility % 13.88
52-Week Range $ 227.05 - 294.61
Shares Outstanding (Mil) 65.72

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 6
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA Y
Lower Leverage yoy N
Higher Current Ratio yoy N
Less Shares Outstanding yoy Y
Higher Gross Margin yoy N
Higher Asset Turnover yoy Y