Essex Property Trust (Essex Property Trust) 3-Year Dividend Growth Rate : 3.60% (As of Dec. 2023)

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What is Essex Property Trust 3-Year Dividend Growth Rate?

Essex Property Trust's Dividends per Share for the three months ended in Dec. 2023 was $0.00.

The historical rank and industry rank for Essex Property Trust's 3-Year Dividend Growth Rate or its related term are showing as below:

ESS.PRH.CL.PFD' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0.6 Med: 6.8 Max: 24.6
Current: 3.6

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Essex Property Trust was 24.60% per year. The lowest was 0.60% per year. And the median was 6.80% per year.

ESS.PRH.CL.PFD's 3-Year Dividend Growth Rate is ranked better than
57.99% of 507 companies
in the REITs industry
Industry Median: 2.1 vs ESS.PRH.CL.PFD: 3.60

During the past 12 months, Essex Property Trust's average Dividends Per Share Growth Rate was 5.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Essex Property Trust's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.00. As of today, Essex Property Trust's Dividend Yield % is 7.09%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Essex Property Trust Inc is 1.66, which seems too high.

For more information regarding to dividend, please check our Dividend Page.

Competitive Comparison of Essex Property Trust's 3-Year Dividend Growth Rate

For the REIT - Residential subindustry, Essex Property Trust's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Essex Property Trust's 3-Year Dividend Growth Rate Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Essex Property Trust's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Essex Property Trust's 3-Year Dividend Growth Rate falls into.

Essex Property Trust 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Essex Property Trust (NYSE:ESS.PRH.CL.PFD) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Essex Property Trust's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0	/	0
	=	N/A

During the past 13 years, the highest Dividend Payout Ratio of Essex Property Trust was 2.29. The lowest was 1.05. And the median was 1.60.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Essex Property Trust Inc is 1.66, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

During the past 13 years, the highest Dividend Yield of Essex Property Trust was 7.09%. The lowest was 2.12%. And the median was 2.81%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Essex Property Trust 3-Year Dividend Growth Rate Related Terms>

Essex Property Trust (Essex Property Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Essex Property Trust Inc (NYSE:ESS.PRH.CL.PFD) » Definitions » 3-Year Dividend Growth Rate

Comparable Companies

Traded in Other Exchanges

ESS:USA EXP:Germany E1SS34:Brazil

Address

1100 Park Place, Suite 200, San Mateo, CA, USA, 94403

Website

http://www.essex.com

Essex Property Trust owns a portfolio of 252 apartment communities with over 62,000 units and is developing another property with 264 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.