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Essex Property Trust
ESS · NYSEResidential REIT
The economic chain
Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Capitalwho funds itREITs & ownerswho owns the propertyPropertyportfoliosthe buildings & sitesBrokerage &managementwho leases & runs itTenantswho rents the spaceEnd demandwhat drives itEQEquity investorsDEBTBondholders & banksESSEssex Property TrustAPTEssex apartment communitiesJVCo-investment JVsGCDevelopers & contractorsOPSOn-site leasing & mgmtRNTTech-economy rentersHHCoastal householdsTECHTech & AI employers···Consumers & householdsGOVGovernments & regulators
Company details
Market cap
~$17.6B
P/E ratio
~25×
Price / FFO
~19×
Div yield
~3.5%
Core FFO/sh
$15.94
Apartment homes
~63,000
Communities
~259
Div hikes
32 yrs
In plain English
Essex Property Trust is a West Coast apartment landlord: it owns and runs ~259 communities with ~63,000 apartment homes concentrated in Southern California, Northern California and the Seattle area — the supply-starved, high-income markets where building new housing is hardest. Index funds and bond investors fund it; well-paid tech-economy renters pay the rent; and ~90% of the income flows back out as a dividend it has raised for 32 years straight.
In simple terms
What Essex Property Trust really sells
Essex Property Trust is a West Coast apartment landlord: it owns and runs ~259 communities with ~63,000 apartment homes concentrated in Southern California, Northern California and the Seattle area — the supply-starved, high-income markets where building new housing is hardest. Index funds and bond investors fund it; well-paid tech-economy renters pay the rent; and ~90% of the income flows back out as a dividend it has raised for 32 years straight.
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Risk read
Moderate
SteadierMore speculative
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