Essex Property Trust, Inc. (ESS) stock
ESSNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 4/3047% above fair value
$271.80−2.20 (-0.80%)
Close on Nov 12, 2026Market cap $17.49BP/E 50.4Yield 3.78%
Essex Property Trust operating margin
Operating margin is operating income as a percentage of revenue.
Essex Property Trust's operating margin for the twelve months ending Sep 30, 2026 was 29.5%. For fiscal 2025 it was 47.6%, against 39.6% the year before. The highest annual figure on record is 47.6% in fiscal 2025.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 47.6% | +8.0 |
| FY2024 | Dec 31, 2024 | 39.6% | +4.6 |
| FY2023 | Dec 31, 2023 | 35.0% | −2.0 |
| FY2022 | Dec 31, 2022 | 37.0% | +0.3 |
| FY2021 | Dec 31, 2021 | 36.8% | +3.9 |
| FY2020 | Dec 31, 2020 | 32.9% | −0.1 |
| FY2019 | Dec 31, 2019 | 32.9% | −3.6 |
| FY2018 | Dec 31, 2018 | 36.6% | +1.9 |
| FY2017 | Dec 31, 2017 | 34.7% | +2.2 |
| FY2016 | Dec 31, 2016 | 32.5% | +4.8 |
| FY2015 | Dec 31, 2015 | 27.7% | +7.0 |
| FY2014 | Dec 31, 2014 | 20.8% | −10.2 |
| FY2013 | Dec 31, 2013 | 30.9% | −0.3 |
| FY2012 | Dec 31, 2012 | 31.2% | +2.4 |
| FY2011 | Dec 31, 2011 | 28.8% | +1.8 |
| FY2010 | Dec 31, 2010 | 27.0% | −0.4 |
| FY2009 | Dec 31, 2009 | 27.3% | −6.5 |
| FY2008 | Dec 31, 2008 | 33.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 31.8% | −12.6 |
| Q2 FY2026 | Jun 30, 2026 | 22.4% | −37.2 |
| Q1 FY2026 | Mar 31, 2026 | 32.0% | −23.3 |
| Q4 FY2025 | Dec 31, 2025 | 31.7% | −35.3 |
| Q3 FY2025 | Sep 30, 2025 | 44.5% | +15.9 |
| Q2 FY2025 | Jun 30, 2025 | 59.5% | +28.5 |
| Q1 FY2025 | Mar 31, 2025 | 55.3% | +24.3 |
| Q4 FY2024 | Dec 31, 2024 | 67.0% | +36.1 |
| Q3 FY2024 | Sep 30, 2024 | 28.6% | −2.9 |
| Q2 FY2024 | Jun 30, 2024 | 31.1% | −1.3 |
| Q1 FY2024 | Mar 31, 2024 | 31.0% | −14.4 |
| Q4 FY2023 | Dec 31, 2023 | 30.9% | −24.0 |
| Q3 FY2023 | Sep 30, 2023 | 31.4% | +0.1 |
| Q2 FY2023 | Jun 30, 2023 | 32.4% | +0.2 |
| Q1 FY2023 | Mar 31, 2023 | 45.4% | +16.7 |
| Q4 FY2022 | Dec 31, 2022 | 54.9% | +27.7 |
| Q3 FY2022 | Sep 30, 2022 | 31.4% | −6.6 |
| Q2 FY2022 | Jun 30, 2022 | 32.2% | +5.6 |
| Q1 FY2022 | Mar 31, 2022 | 28.8% | −26.8 |
| Q4 FY2021 | Dec 31, 2021 | 27.3% | −3.7 |
| Q3 FY2021 | Sep 30, 2021 | 38.0% | +3.3 |
| Q2 FY2021 | Jun 30, 2021 | 26.6% | −5.7 |
| Q1 FY2021 | Mar 31, 2021 | 55.6% | +22.2 |
| Q4 FY2020 | Dec 31, 2020 | 30.9% | −0.2 |
| Q3 FY2020 | Sep 30, 2020 | 34.8% | +1.0 |
| Q2 FY2020 | Jun 30, 2020 | 32.3% | −2.1 |
| Q1 FY2020 | Mar 31, 2020 | 33.3% | +0.9 |
| Q4 FY2019 | Dec 31, 2019 | 31.1% | −11.1 |
| Q3 FY2019 | Sep 30, 2019 | 33.8% | +1.3 |
| Q2 FY2019 | Jun 30, 2019 | 34.4% | −5.3 |
| Q1 FY2019 | Mar 31, 2019 | 32.5% | +0.6 |
| Q4 FY2018 | Dec 31, 2018 | 42.2% | +2.0 |
| Q3 FY2018 | Sep 30, 2018 | 32.5% | −0.3 |
| Q2 FY2018 | Jun 30, 2018 | 39.7% | +6.6 |
| Q1 FY2018 | Mar 31, 2018 | 31.8% | −0.7 |
| Q4 FY2017 | Dec 31, 2017 | 40.2% | +8.2 |
| Q3 FY2017 | Sep 30, 2017 | 32.7% | – |
| Q2 FY2017 | Jun 30, 2017 | 33.1% | – |
| Q1 FY2017 | Mar 31, 2017 | 32.6% | – |
| Q4 FY2016 | Dec 31, 2016 | 32.1% | – |
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