Cohen & Steers Discloses 8.7% Stake in Essex Property Trust (ESS)

Cohen & Steers and affiliates report meaningful passive holdings in Essex Property Trust.

Rhea-AI Filing Summary

Cohen & Steers and affiliates report meaningful passive holdings in Essex Property Trust. Cohen & Steers, Inc. beneficially owns 5,603,520 shares (about 8.7% of the class) while Cohen & Steers Capital Management, Inc. beneficially owns 5,541,729 shares (about 8.61%). Smaller holdings are reported by Cohen & Steers UK Ltd (56,253 shares, 0.09%) and Cohen & Steers Ireland Ltd (5,538 shares, 0.01%); Cohen & Steers Asia Ltd reports 0 shares.

The statement clarifies these securities are held for the benefit of client accounts and were acquired in the ordinary course of business, and the parent company holds a 100% interest in the named subsidiaries.

Positive

• Material institutional stake disclosed: Cohen & Steers, Inc. reports 5,603,520 shares (~8.7%) of ESS, a level above the 5% reporting threshold.
• Holdings held for client accounts and in the ordinary course: The filing states securities are held on behalf of account holders and not for control purposes, clarifying intent.

Negative

• None.

Insights

Financial Analyst

TL;DR: A major asset manager holds a single-digit, >5% passive stake in ESS, notable for index/ownership concentration but not a control move.

The filing discloses that Cohen & Steers and its advisory affiliates collectively report material positions in Essex Property Trust, with the largest filer's 5.60 million shares representing ~8.7% of the class. These holdings are described as client-directed and held in the ordinary course, which indicates passive investment activity rather than an activist or control-seeking strategy. For investors, the filing signals concentrated ownership by an institutional real estate specialist but no declared intent to influence corporate control.

Corporate Governance Expert

TL;DR: The disclosure is significant for ownership transparency but shows no governance activism or group coordination.

The Schedule 13G/A reports ownership across a parent and several subsidiaries, with the parent noting full ownership of the subsidiaries. Importantly, the filing contains the certification that the securities are not held to change or influence control of the issuer. There is no group formation or joint action noted. From a governance perspective, this is routine institutional disclosure that increases transparency around who holds a sizable passive stake in ESS.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Essex Property Trust (ESS) shares does Cohen & Steers, Inc. beneficially own?

Cohen & Steers, Inc. reports beneficial ownership of 5,603,520 shares of ESS (approximately 8.7% of the class).

What percentage of ESS does Cohen & Steers Capital Management, Inc. report owning?

Cohen & Steers Capital Management, Inc. reports beneficial ownership of 5,541,729 shares, about 8.61% of the class.

Are Cohen & Steers' holdings intended to influence control of Essex Property Trust (ESS)?

No. The filing certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Do any Cohen & Steers affiliates report zero holdings in ESS?

Yes. Cohen & Steers Asia Ltd reports 0 shares beneficially owned in ESS.

Does the parent company own the subsidiaries that filed Schedule 13G/A?

Yes. The filing states that Cohen & Steers, Inc. holds a 100% interest in the listed subsidiary filers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/14/2025 - 10:06 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Essex Property Trust

(Name of Issuer)

Common Stock

(Title of Class of Securities)

297178105

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 297178105

1

Names of Reporting Persons

COHEN & STEERS, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,118,777.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,603,520.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,603,520.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.7 %

12

Type of Reporting Person (See Instructions)

CO, HC

SCHEDULE 13G

CUSIP No. 297178105

1

Names of Reporting Persons

Cohen & Steers Capital Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,082,667.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,541,729.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,541,729.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.61 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 297178105

1

Names of Reporting Persons

Cohen & Steers UK Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 30,572.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 56,253.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

56,253.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.09 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 297178105

1

Names of Reporting Persons

Cohen & Steers Asia Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 297178105

1

Names of Reporting Persons

Cohen & Steers Ireland Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

IRELAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,538.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,538.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,538.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.01 %

12

Type of Reporting Person (See Instructions)

CO, FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Essex Property Trust
(b)	Address of issuer's principal executive offices: 1100 Park Place, Suite 200, San Mateo, California, 94403
Item 2.
(a)	Name of person filing: Cohen & Steers, Inc. Cohen & Steers Capital Management, Inc. Cohen & Steers UK Ltd Cohen & Steers Asia Ltd Cohen & Steers Ireland Ltd
(b)	Address or principal business office or, if none, residence: The principal address for Cohen & Steers, Inc. and Cohen & Steers Capital Management, Inc. is: 1166 Avenue of the Americas, 30th Floor New York, NY 10036 The principal address for Cohen & Steers UK Ltd. is: The Burlian, 2nd Floor 3 Dering Street, London W1S 1AA United Kingdom The principal address for Cohen & Steers Asia Ltd. is: 3301B, 33rd Floor, The Henderson 2 Murray Road Central, Hong Kong The principal address for Cohen & Steers Ireland Ltd. is: Suite G01 81 Merrion Square South Dublin 2 D02 NR12 Ireland
(c)	Citizenship: Cohen & Steers, Inc: Delaware corporation Cohen & Steers Capital Management, Inc: New York corporation Cohen & Steers UK Ltd: United Kingdom Private Limited Company Cohen & Steers Asia Ltd: Asia Private Limited Company Cohen & Steers Ireland Ltd: Ireland Private Limited Company
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 297178105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Corporation
Item 4.	Ownership
(a)	Amount beneficially owned: See row 9 on cover sheet
(b)	Percent of class: See row 11 on cover sheet
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See row 5 on cover sheet
	(ii) Shared power to vote or to direct the vote: See row 6 on cover sheet
	(iii) Sole power to dispose or to direct the disposition of: See row 7 on cover sheet
	(iv) Shared power to dispose or to direct the disposition of: See row 8 on cover sheet
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Each of Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd., Cohen & Steers Asia Ltd. and Cohen & Steers Ireland Ltd. holds the securities of the Issuer to which this statement relates for the benefit of their respective account holders. Such account holders have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the securities of the Issuer that are held on their behalf.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Cohen & Steers, Inc. holds a 100% interest in Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd., Cohen & Steers Asia Ltd. (investment advisors registered under Section 203 of the Investment Advisers Act) and Cohen & Steers Ireland Ltd. (a non-US institution).
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Corporation is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

COHEN & STEERS, INC.

Signature:	/s/ Nargis Hilal
Name/Title:	Nargis Hilal, SVP, Global Chief Compliance Officer & Associate General Counsel
Date:	08/14/2025

Cohen & Steers Capital Management, Inc.

Signature:	/s/ Nargis Hilal
Name/Title:	Nargis Hilal, SVP, Global Chief Compliance Officer & Associate General Counsel
Date:	08/14/2025

Cohen & Steers UK Ltd

Signature:	/s/ Natalie Okorie
Name/Title:	Natalie Okorie, VP, Compliance Officer
Date:	08/14/2025

Cohen & Steers Asia Limited

Signature:	/s/ Catherine Cheng
Name/Title:	Catherine Cheng, VP, Compliance Officer
Date:	08/14/2025

Cohen & Steers Ireland Limited

Signature:	/s/ Alan Cooper
Name/Title:	Alan Cooper, VP, Compliance Officer
Date:	08/14/2025