ESS - NYSE

Essex Property Trust, Inc.

Essex Property Trust, Inc.

ESSยทNYSE

$281.73

+1.5%
Real EstateREIT - Residential

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$18.10B
EPS10.4100
P/E Ratio27.06
Earnings Date08/04/2026
Essex Property Trust, Inc.

Essex Property Trust, Inc. Fair Value Envelope

ESS ยท NYSE

Our analysis suggests that ESS has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $281.73, this represents a potential HIDDEN relative to our calculated worth for Essex Property Trust, Inc..

HIDDEN
Intrinsic Value
Current Price: $281.73

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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$
%
$
$

Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$50.8B
+ Cash & Equivalents$85.6M
Firm Value$50.9B
- Debt$6.9B
Equity Value$44.0B
/ Shares Outstanding64,404,022B
DCF Value$682
UNDERVALUED BY 142%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.2B
$1.4B
$1.6B
$1.9B
$2.2B
$2.5B
$2.9B
$3.4B
$3.9B
$4.5B
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$1.2B
$1.4B
$1.6B
$1.9B
$2.2B
$2.5B
$2.9B
$3.4B
$3.9B
$4.5B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.1B
$1.2B
$1.3B
$1.4B
$1.5B
$1.6B
$1.7B
$1.8B
$1.9B
$2.1B
Terminal Value represents 69.1% of Enterprise Value

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