What is Essex Ppty Tr Inc's earnings per share (EPS)?

Essex Ppty Tr Inc (ESS) reported diluted earnings per share of $10.40 for fiscal year 2025. This represents a -9.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Essex Ppty Tr Inc Financials

ESS

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Essex Ppty Tr Inc (ESS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 64/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Essex Ppty Tr Inc has an operating margin of 47.6%, meaning the company retains $48 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 39.6% the prior year.

Growth

Essex Ppty Tr Inc's revenue grew 6.4% year-over-year to $1.9B, a solid pace of expansion. This earns a growth score of 44/100.

Leverage

Essex Ppty Tr Inc carries a low D/E ratio of 1.34, meaning only $1.34 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.

Returns

Essex Ppty Tr Inc's ROE of 12.7% shows moderate profitability relative to equity, earning a score of 39/100. This is down from 14.6% the prior year.

Piotroski F-Score Neutral

4/9

Essex Ppty Tr Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.53x

For every $1 of reported earnings, Essex Ppty Tr Inc generates $1.53 in operating cash flow ($1.1B OCF vs $702.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.5x

Essex Ppty Tr Inc earns $3.5 in operating income for every $1 of interest expense ($899.3M vs $258.4M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.9B

YoY+6.4%

5Y CAGR+4.8%

10Y CAGR+4.7%

Essex Ppty Tr Inc generated $1.9B in revenue in fiscal year 2025. This represents an increase of 6.4% from the prior year.

EBITDA

$1.5B

YoY+17.4%

5Y CAGR+8.2%

10Y CAGR+7.0%

Essex Ppty Tr Inc's EBITDA was $1.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.4% from the prior year.

Net Income

$702.8M

YoY-13.4%

5Y CAGR+3.2%

10Y CAGR+11.7%

Essex Ppty Tr Inc reported $702.8M in net income in fiscal year 2025. This represents a decrease of 13.4% from the prior year.

EPS (Diluted)

$10.40

YoY-9.9%

5Y CAGR+3.7%

10Y CAGR+11.5%

Essex Ppty Tr Inc earned $10.40 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 9.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$76.2M

YoY+14.1%

5Y CAGR+0.7%

10Y CAGR+9.9%

Essex Ppty Tr Inc held $76.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$10.28

YoY+4.9%

5Y CAGR+4.3%

Essex Ppty Tr Inc paid $10.28 per share in dividends in fiscal year 2025. This represents an increase of 4.9% from the prior year.

Shares Outstanding

64M

YoY+0.3%

5Y CAGR-0.2%

10Y CAGR-0.1%

Essex Ppty Tr Inc had 64M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.

Margins & Returns

Gross Margin

69.9%

YoY-0.1pp

Essex Ppty Tr Inc's gross margin was 69.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.

Operating Margin

47.6%

YoY+8.0pp

5Y CAGR+14.8pp

10Y CAGR+19.9pp

Essex Ppty Tr Inc's operating margin was 47.6% in fiscal year 2025, reflecting core business profitability. This is up 8.0 percentage points from the prior year.

Net Margin

37.2%

YoY-8.5pp

5Y CAGR-2.8pp

10Y CAGR+17.8pp

Essex Ppty Tr Inc's net profit margin was 37.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.5 percentage points from the prior year.

Return on Equity

12.7%

YoY-2.0pp

5Y CAGR+2.7pp

10Y CAGR+9.0pp

Essex Ppty Tr Inc's ROE was 12.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

Essex Ppty Tr Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

ESS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.9B+6.4%	$1.8B+6.3%	$1.7B+3.9%	$1.6B+11.5%	$1.4B-3.7%	$1.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$1.3B+6.1%	$1.2B+6.2%	$1.2B+3.7%	$1.1B	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$71.9M-27.3%	$98.9M+55.8%	$63.5M+12.2%	$56.6M+9.1%	$51.8M-20.7%	$65.4M
Operating Income	$899.3M+27.9%	$703.1M+20.3%	$584.3M-1.8%	$595.2M+12.3%	$530.0M+7.8%	$491.4M
Interest Expense	$258.4M+9.7%	$235.5M+10.6%	$212.9M+4.0%	$204.8M+0.8%	$203.1M-7.9%	$220.6M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$702.8M-13.4%	$811.3M+88.4%	$430.7M-0.5%	$433.0M-16.0%	$515.7M-14.0%	$599.3M
EPS (Diluted)	$10.40-9.9%	$11.54+82.6%	$6.32+0.8%	$6.27-16.5%	$7.51-13.6%	$8.69

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$479.6M+1.3%	$473.3M+0.7%	$469.8M+1.1%	$464.6M+2.2%	$454.5M+0.8%	$450.7M+1.9%	$442.4M+3.6%	$426.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$335.8M+2.5%	$327.5M-1.4%	$332.2M+2.7%	$323.5M+1.6%	$318.3M+1.6%	$313.3M0.0%	$313.2M+5.2%	$297.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$20.4M+13.2%	$18.1M+5.3%	$17.2M+5.3%	$16.3M-48.3%	$31.5M+8.5%	$29.1M+37.5%	$21.1M+23.1%	$17.2M
Operating Income	$152.1M-27.7%	$210.4M-24.8%	$279.7M+8.8%	$257.1M-15.6%	$304.5M+136.4%	$128.8M-6.3%	$137.4M+3.8%	$132.4M
Interest Expense	$65.8M+1.7%	$64.7M-0.9%	$65.3M+4.0%	$62.7M+2.4%	$61.2M+3.4%	$59.2M+0.2%	$59.1M+5.7%	$55.9M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$85.7M-50.4%	$172.7M-25.4%	$231.5M+8.8%	$212.8M-29.5%	$301.7M+140.4%	$125.5M+26.8%	$99.0M-65.3%	$285.1M
EPS (Diluted)	N/A	$2.56-25.6%	$3.44+8.9%	$3.16	N/A	$1.84+26.9%	$1.45-65.9%	$4.25

ESS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$13.2B+1.8%	$12.9B+4.6%	$12.4B-0.1%	$12.4B-4.8%	$13.0B+0.5%	$12.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$76.2M+14.1%	$66.8M-82.9%	$391.7M+1076.6%	$33.3M-31.2%	$48.4M-34.2%	$73.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$7.4B+3.4%	$7.2B+6.5%	$6.7B+4.4%	$6.5B-5.0%	$6.8B+1.0%	$6.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	$639.0M-0.7%	$643.5M
Total Equity	$5.5B+0.1%	$5.5B+2.1%	$5.4B-5.1%	$5.7B-4.6%	$6.0B-0.1%	$6.0B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$13.2B+0.1%	$13.2B-0.2%	$13.2B0.0%	$13.2B+2.0%	$12.9B+2.2%	$12.6B+1.1%	$12.5B-2.9%	$12.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$76.2M+15.6%	$66.0M+12.4%	$58.7M-40.6%	$98.7M+47.8%	$66.8M-6.3%	$71.3M+29.1%	$55.2M-88.9%	$499.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$7.4B+1.4%	$7.3B-0.3%	$7.3B-0.9%	$7.4B+3.2%	$7.2B+2.7%	$7.0B+2.4%	$6.8B-4.3%	$7.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	$6.4B+0.3%	$6.4B-5.8%	$6.8B	N/A	$6.4B+3.2%	$6.2B-6.1%	$6.6B
Total Equity	$5.5B-1.6%	$5.6B-0.1%	$5.6B+1.2%	$5.6B+0.6%	$5.5B+1.9%	$5.4B-0.9%	$5.5B-1.2%	$5.5B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ESS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.1B+0.6%	$1.1B+9.0%	$980.1M+0.5%	$975.6M+7.8%	$905.3M+12.7%	$803.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$552.5M+43.2%	-$973.1M-570.4%	-$145.1M-199.4%	$146.0M+136.7%	-$397.4M+4.7%	-$416.9M
Financing Cash Flow	-$512.2M-22.0%	-$419.7M+12.1%	-$477.3M+58.0%	-$1.1B-113.3%	-$533.3M-39.1%	-$383.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	$0-100.0%	$95.7M-49.6%	$189.7M+1968.5%	$9.2M-96.6%	$269.3M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$234.2M-31.6%	$342.6M+58.5%	$216.1M-23.2%	$281.5M+28.9%	$218.3M-31.0%	$316.2M+44.4%	$218.9M-30.5%	$314.9M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$178.7M-232.8%	-$53.7M-1.7%	-$52.8M+80.3%	-$267.3M-106.7%	-$129.4M+41.6%	-$221.4M+1.6%	-$224.9M+43.4%	-$397.4M
Financing Cash Flow	-$45.2M+84.0%	-$281.5M-38.5%	-$203.3M-1240.6%	$17.8M+119.1%	-$93.4M-18.6%	-$78.7M+82.0%	-$437.8M-330.3%	$190.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	$0	$0	$0	$0

ESS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	69.9%-0.1pp	70.0%-0.1pp	70.1%-0.1pp	70.2%	N/A	N/A
Operating Margin	47.6%+8.0pp	39.6%+4.6pp	35.0%-2.0pp	37.0%+0.3pp	36.8%+3.9pp	32.9%
Net Margin	37.2%-8.5pp	45.7%+19.9pp	25.8%-1.2pp	27.0%-8.8pp	35.8%-4.3pp	40.1%
Return on Equity	12.7%-2.0pp	14.6%+6.7pp	7.9%+0.4pp	7.6%-1.0pp	8.6%-1.4pp	10.0%
Return on Assets	5.3%-0.9pp	6.3%+2.8pp	3.5%-0.0pp	3.5%-0.5pp	4.0%-0.7pp	4.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.34+0.0	1.30+0.1	1.24+0.1	1.13+1.0	0.110.0	0.11
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	70.0%+0.8pp	69.2%-1.5pp	70.7%+1.1pp	69.6%-0.4pp	70.0%+0.5pp	69.5%-1.3pp	70.8%+1.1pp	69.7%
Operating Margin	31.7%-12.7pp	44.5%-15.1pp	59.5%+4.2pp	55.3%-11.7pp	67.0%+38.4pp	28.6%-2.5pp	31.1%+0.1pp	31.0%
Net Margin	17.9%-18.6pp	36.5%-12.8pp	49.3%+3.5pp	45.8%-20.6pp	66.4%+38.5pp	27.8%+5.5pp	22.4%-44.4pp	66.8%
Return on Equity	1.6%-1.5pp	3.1%-1.0pp	4.1%+0.3pp	3.8%-1.6pp	5.5%+3.1pp	2.3%+0.5pp	1.8%-3.3pp	5.1%
Return on Assets	0.7%-0.7pp	1.3%-0.5pp	1.8%+0.2pp	1.6%-0.7pp	2.3%+1.3pp	1.0%+0.2pp	0.8%-1.4pp	2.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.34+0.2	1.150.0	1.14-0.1	1.22-0.1	1.30+0.1	1.18+0.0	1.13-0.1	1.19
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Essex Ppty Tr Inc's annual revenue?

Essex Ppty Tr Inc (ESS) reported $1.9B in total revenue for fiscal year 2025. This represents a 6.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Essex Ppty Tr Inc's revenue growing?

Essex Ppty Tr Inc (ESS) revenue grew by 6.4% year-over-year, from $1.8B to $1.9B in fiscal year 2025.

Is Essex Ppty Tr Inc profitable?

Yes, Essex Ppty Tr Inc (ESS) reported a net income of $702.8M in fiscal year 2025, with a net profit margin of 37.2%.

What is Essex Ppty Tr Inc's EBITDA?

Essex Ppty Tr Inc (ESS) had EBITDA of $1.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Essex Ppty Tr Inc's gross margin?

Essex Ppty Tr Inc (ESS) had a gross margin of 69.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Essex Ppty Tr Inc's operating margin?

Essex Ppty Tr Inc (ESS) had an operating margin of 47.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Essex Ppty Tr Inc's net profit margin?

Essex Ppty Tr Inc (ESS) had a net profit margin of 37.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Essex Ppty Tr Inc pay dividends?

Yes, Essex Ppty Tr Inc (ESS) paid $10.28 per share in dividends during fiscal year 2025.

What is Essex Ppty Tr Inc's return on equity (ROE)?

Essex Ppty Tr Inc (ESS) has a return on equity of 12.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Essex Ppty Tr Inc's operating cash flow?

Essex Ppty Tr Inc (ESS) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Essex Ppty Tr Inc's total assets?

Essex Ppty Tr Inc (ESS) had $13.2B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Essex Ppty Tr Inc have outstanding?

Essex Ppty Tr Inc (ESS) had 64M shares outstanding as of fiscal year 2025.

What is Essex Ppty Tr Inc's debt-to-equity ratio?

Essex Ppty Tr Inc (ESS) had a debt-to-equity ratio of 1.34 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Essex Ppty Tr Inc's return on assets (ROA)?

Essex Ppty Tr Inc (ESS) had a return on assets of 5.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Essex Ppty Tr Inc's Piotroski F-Score?

Essex Ppty Tr Inc (ESS) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Essex Ppty Tr Inc's earnings high quality?

Essex Ppty Tr Inc (ESS) has an earnings quality ratio of 1.53x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Essex Ppty Tr Inc cover its interest payments?

Essex Ppty Tr Inc (ESS) has an interest coverage ratio of 3.5x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Essex Ppty Tr Inc?

Essex Ppty Tr Inc (ESS) scores 64 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.