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Essex Property Trust 3-Year Dividend Growth Rate

: 4.00% (As of Jun. 2022)
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Essex Property Trust's Dividends per Share for the three months ended in Jun. 2022 was $2.20.

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' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0.6   Med: 7   Max: 24.6
Current: 4

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 7.00% per year.

ESS's 3-Year Dividend Growth Rate is ranked better than
74.55% of 554 companies
in the REITs industry
Industry Median: -1.70 vs ESS: 4.00

During the past 12 months, Essex Property Trust's average Dividends Per Share Growth Rate was 2.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.00% 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 Jun. 2022 was 2.53. As of today, Essex Property Trust's Dividend Yield % is 2.89%.

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 1.45, which seems too high.

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


Competitive Comparison

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 3-Year Dividend Growth Rate Distribution

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) 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 Jun. 2022 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2022 )/ EPS without NRI (Q: Jun. 2022 )
=2.2/ 0.87
=2.53

During the past 13 years, the highest Dividend Payout Ratio of Essex Property Trust was 2.48. The lowest was 0.96. And the median was 1.22.

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 1.45, which seems too high.

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

Essex Property Trust Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 2.2002022-06-292022-06-302022-07-15Cash DividendquarterlyUSD:USD 1.000000
USD 2.2002022-03-302022-03-312022-04-14Cash DividendquarterlyUSD:USD 1.000000
USD 2.0902021-12-312022-01-032022-01-14Cash DividendquarterlyUSD:USD 1.000000
USD 2.0902021-09-292021-09-302021-10-15Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Essex Property Trust's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=8.58/297.13
=2.89 %

Current Share Price is $297.13.
Essex Property Trust's Dividends per Share for the trailing twelve months (TTM) ended in Today is $8.58.

During the past 13 years, the highest Dividend Yield of Essex Property Trust was 4.15%. The lowest was 2.22%. And the median was 2.80%.

* 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 Business Description

Essex Property Trust logo
Address
1100 Park Place, Suite 200, San Mateo, CA, USA, 94403
Essex Property Trust owns a portfolio of 253 apartment communities with over 62,000 units and is developing three additional properties with 571 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.
Executives
Pak Barbara officer: Executive Vice President & CFO C/O ESSEX PROPERTY TRUST, INC. 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403
Hawthorne Maria R director 701 WESTERN AVENUE GLENDALE CA 91201
Berry Adam W officer: Co-Chief Investment Officer C/O ESSEX PROPERTY TRUST, INC. 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403
Kasaris Mary director C/O ESSEX PROPERTY TRUST, INC. 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403
Johnson Amal M director C/O MELLANOX TECHNOLOGIES, INC. 350 OAKMEAD PARKWAY, SUITE 100 SUNNYVALE CA 94085
Farias John officer: Group Vice President and CAO C/O ESSEX PROPERTY TRUST, INC 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403
Kleiman Angela L. officer: Executive Vice President & CFO 1100 PARK PLACE SUITE 200 SAN MATEO CA 94403
Robinson Thomas E director 309 GARRISON FOREST ROAD OWNINGS MILLS MD 21117
Lyons Irving F Iii director C/O ESSEX PROPERTY TRUST, INC. 925 E. MEADOW DRIVE PALO ALTO CA 94303
Sullivan Thomas P. director 525 MARKET STREET, 4TH FLOOR SAN FRANCISCO CA 94133
Scordelis Byron A director
Zinngrabe Claude J. Jr. director 925 EAST MEADOW DRIVE PALO ALTO CA 94303
Sears Janice L. director 1100 PARK PLACE SUITE 200 SAN MATEO CA 94403
Alexander Erik J. officer: Senior Vice President 925 EAST MEADOW DRIVE PALO ALTO CA 94303
Burkart John F. officer: Executive Vice President C/O ESSEX PROPERTY TRUST INC. 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403

Essex Property Trust Headlines

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