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Essex Property Trust, Inc. (ESS) stock

ESSNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 28, 2026Score 6/3030% above fair value
$264.18−1.04 (-0.39%)

Close on Oct 30, 2026Market cap $16.98BP/E 41.1Yield 3.89%

Earnings

Essex Property Trust's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Feb 3, 2027
Q4 FY2026 · estimated, during market hours
Revenue, Q3 FY2026
$492.69M
+4.6% on a year earlier
Core FFO per diluted share, Q3 FY2026
$4.00
$2.56 a year earlier
Latest guidance
Issued
Oct 27, 2026 · 9 items

Quarterly results

Revenue and earnings per share from each of Essex Property Trust's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Dec 31, 2026Feb 3, 2027Expected–––––
Q3 FY2026ended Sep 30, 2026Oct 27, 2026after the close$492.69M+4.6%$1.52$4.00Release
Q2 FY2026ended Jun 30, 2026Jul 29, 2026during market hours$489.05M–$0.97$4.08Release
Q1 FY2026ended Mar 31, 2026Apr 28, 2026during market hours$482.44M+4.4%$1.65$4.06Release
Q4 FY2025ended Dec 31, 2025Feb 4, 2026during market hours$479.63M–$1.25$3.98Release
Q3 FY2025ended Sep 30, 2025Oct 29, 2025during market hours$470.94M+4.5%$2.56–Release
Q2 FY2025ended Jun 30, 2025Jul 29, 2025during market hours––$3.44–Release
Q1 FY2025ended Mar 31, 2025Apr 29, 2025during market hours$462.09M+8.2%$3.16$3.97Release
Q4 FY2024ended Dec 31, 2024Feb 4, 2025during market hours––––Release
Q3 FY2024ended Sep 30, 2024Oct 29, 2024during market hours$450.70M+7.5%$1.84$3.91Release
Q2 FY2024ended Jun 30, 2024Jul 30, 2024during market hours$442.36M+6.3%$1.45$3.94Release
Q1 FY2024ended Mar 31, 2024Apr 30, 2024during market hours$426.93M+3.5%$4.25$3.83Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Essex Property Trust's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
EPS - dilutedGAAPQ4 FY2026$1.48 – $1.60–NewOct 27, 2026
Q4 2026 Core FFOnon-GAAPQ4 FY2026$3.95 – $4.07–NewOct 27, 2026
FFO per share - dilutednon-GAAPQ4 FY2026$3.95 – $4.07–NewOct 27, 2026
Revenuesnon-GAAPFY2026+1.7% – +3.1%+1.7% – +3.1%ReaffirmedApr 28, 2026
Same-Property Revenuenon-GAAPFY2026+2.8% – +3%–NewOct 27, 2026
Same-Property Revenuesnon-GAAPFY2026+2.5% – +3.1%–NewJul 29, 2026
Same-Property NOInon-GAAPFY2026+2.8% – +3.2%–NewOct 27, 2026
Same-Property NOInon-GAAPFY2026+2.3% – +3.3%+0.8% – +3.4%NarrowedJul 29, 2026
Total NOI from Consolidated Communitiesnon-GAAPFY2026$1.35B – $1.37B$1.35B – $1.37BRaisedApr 28, 2026
Net Income per diluted shareGAAPFY2026$5.62 – $5.74–NewOct 27, 2026
Net Income per diluted shareGAAPFY2026$5.47 – $5.69$5.62 – $6.12LoweredJul 29, 2026
Core FFO per diluted sharenon-GAAPFY2026$16.10 – $16.22–NewOct 27, 2026
Core FFO per diluted sharenon-GAAPFY2026$16.03 – $16.25$15.69 – $16.19RaisedJul 29, 2026
development fundingFY2026$80.00M–NewFeb 4, 2026
Corporate-level property management expensesFY2026-$54.00M – -$52.80M–RaisedFeb 4, 2026
Estimated Same-Property Portfolio Growth Cash-Basis Operating Expensesnon-GAAPFY2026+2.5% – +3.5%–NewFeb 4, 2026
FFO from co-investmentsFY2026$66.90M – $69.90M–RaisedFeb 4, 2026
General and administrativeFY2026-$64.00M – -$60.00M–LoweredFeb 4, 2026
Interest and other incomeFY2026$9.70M – $10.70M–RaisedFeb 4, 2026
Interest capitalizedFY2026$6.20M – $7.20M–RaisedFeb 4, 2026
Interest expense, before capitalized interestFY2026-$266.10M – -$262.50M–LoweredFeb 4, 2026
Management FeesFY2026$8.50M – $9.50M–NewFeb 4, 2026
Net interest expenseFY2026-$259.90M – -$255.30M–LoweredFeb 4, 2026
Non-controlling interestFY2026-$10.10M – -$9.10M–RaisedFeb 4, 2026
Same-Property Operating Expensesnon-GAAPFY2026+2.6% – +2.9%–NewOct 27, 2026
Same-Property Operating Expensesnon-GAAPFY2026+2.5% – +3%–LoweredJul 29, 2026
structured finance maturitiesFY2026$175.00M–RaisedFeb 4, 2026
Total FFOnon-GAAPFY2026$15.42 – $15.54–NewOct 27, 2026
Total FFOnon-GAAPFY2026$15.54 – $16.04–NewFeb 4, 2026
Total FFO per diluted sharenon-GAAPFY2026$15.37 – $15.59–LoweredJul 29, 2026
Total recurring income and expensesFY2026-$46.50M – -$46.30M–LoweredFeb 4, 2026

Guidance vs results

The last range Essex Property Trust gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
Q3 FY2026Core FFO per diluted share$3.93 – $4.05$4.00Within range
Q3 FY2026EPS (GAAP)$1.41 – $1.53$1.52Within range
Q2 FY2026Core FFO per share - diluted$3.92 – $4.04$4.08Above range
Q2 FY2026EPS (GAAP)$1.36 – $1.48$0.97Below range
Q1 FY2026Core FFO$3.89 – $4.01$4.06Above range
FY2025EPS (GAAP)$10.53 – $10.63$10.41Σ4QBelow range
Q2 FY2025EPS (GAAP)$3.30 – $3.42$3.44Above range
Q3 FY2024EPS (GAAP)$1.28 – $1.40$1.84Above range
Q3 FY2024Q3 2024 Core FFO$3.81 – $3.93$3.91Within range
Q2 FY2024EPS (GAAP)$1.30 – $1.42$1.45Above range
Q2 FY2024Q2 2024 Core FFO$3.77 – $3.89$3.94Above range
Q1 FY2024Q1 2024 Core FFO$3.68 – $3.80$3.83Above range

Guidance history

Every forecast Essex Property Trust put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Oct 27, 2026Same-Property RevenueFY2026+2.8% – +3%New
Oct 27, 2026Q4 2026 Core FFOQ4 FY2026$3.95 – $4.07New
Oct 27, 2026Core FFO per diluted shareFY2026$16.10 – $16.22New
Oct 27, 2026EPS - dilutedQ4 FY2026$1.48 – $1.60New
Oct 27, 2026Net Income per diluted shareFY2026$5.62 – $5.74New
Oct 27, 2026Same-Property NOIFY2026+2.8% – +3.2%New
Oct 27, 2026FFO per share - dilutedQ4 FY2026$3.95 – $4.07New
Oct 27, 2026Same-Property Operating ExpensesFY2026+2.6% – +2.9%New
Oct 27, 2026Total FFOFY2026$15.42 – $15.54New
Jul 29, 2026Same-Property RevenuesFY2026+2.5% – +3.1%New
Jul 29, 2026Core FFO per diluted shareFY2026$16.03 – $16.25Raised
Jul 29, 2026Core FFO per diluted shareQ3 FY2026$3.93 – $4.05New
Jul 29, 2026Net Income per diluted shareFY2026$5.47 – $5.69Lowered
Jul 29, 2026EPS - dilutedQ3 FY2026$1.41 – $1.53New
Jul 29, 2026Same-Property NOIFY2026+2.3% – +3.3%Narrowed
Jul 29, 2026Same-Property Operating ExpensesFY2026+2.5% – +3%Lowered
Jul 29, 2026Total FFO per diluted shareFY2026$15.37 – $15.59Lowered
Jul 29, 2026FFO per share - dilutedQ3 FY2026$3.93 – $4.05New
Apr 28, 2026Core FFOFY2026$15.69 – $16.19Reaffirmed
Apr 28, 2026Core FFO per share - dilutedQ2 FY2026$3.92 – $4.04New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Essex Property Trust filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
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  5. News
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