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Companies / Real Estate / Essex Property Trust
ESS

Essex Property Trust

Real EstateREITsS&P 500
Ticker ESSSAN MATEO, CAFiscal year ends DecemberBook value per share $82.70Diluted shares 64.4M

Essex Property Trust, Inc. (NYSE: ESS) is a self-managed and self-administered real estate investment trust that owns, operates, manages, acquires, develops and redevelops apartment communities, primarily in coastal markets in Southern and Northern California and the Seattle metropolitan area. Its customers are… From the company’s description.

In fiscal 2025, Essex Property Trust reported revenue of $1.89B, up 6.4% from fiscal 2024, and net income of $702.77M. Its operating margin was 47.6%, and operations generated $1.07B in cash. Over the twelve months to Jun 30, 2026, revenue was $1.93B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.89BFY2025
+6.4% year over year
Last 12 mo $1.93B
47.65%FY2025
+8 percentage points
Last 12 mo 32.55%
$702.77MFY2025
−13.4% year over year
Last 12 mo $437.61M
12.08%FY2025
−1.3 percentage points
Last 12 mo 7.77%
Cash & financing
$1.07BFY2025
+0.6% year over year
Last 12 mo $1.12B
$102.41MFY2025
+1300.6% year over year
Last 12 mo $740.37M
1.23FY2025
Was 1.19× a year earlier
Last 12 mo 1.26
64.4MFY2025
+0.2% year over year
Last 12 mo 64.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Essex Property Trust does

In the company’s own words

Essex Property Trust, Inc. (NYSE: ESS) is a self-managed and self-administered real estate investment trust that owns, operates, manages, acquires, develops and redevelops apartment communities, primarily in coastal markets in Southern and Northern California and the Seattle metropolitan area. Its customers are residential tenants; it also makes preferred-equity and other investments in multifamily properties and participates in real estate joint ventures. The company operates through Essex Portfolio, L.P., its controlled operating partnership, which holds substantially all its property interests and conducts its business. As of December 31, 2025, Essex owned or held interests in 259 operating apartment communities comprising 63,077 homes, alongside a development pipeline that included one consolidated project and various predevelopment projects. Essex’s portfolio includes apartment communities such as The Plaza, ROEN Menlo Park and ViO. The company completed its initial public offering in 1994 and has operated as a REIT since that year. Its website is https://www.essex.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
SAN MATEO, CA
Fiscal year end
December
CIK
920522
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-192.67M$385.35M$963.37M$1.54B$2.12B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Essex Property Trust — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

618
funds hold it
0 of 35
superinvestors hold it
$8.61B
held by funds, at market
47.5%
of shares held by funds

Largest fund holders · Essex Property Trust’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.23%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.40%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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