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Last $226.55 USD
Change Today +1.64 / 0.73%
Volume 246.6K
ESS On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

essex property trust inc (ESS) Snapshot

Open
$225.67
Previous Close
$224.91
Day High
$226.95
Day Low
$224.09
52 Week High
03/23/15 - $243.17
52 Week Low
10/7/14 - $176.70
Market Cap
14.8B
Average Volume 10 Days
288.0K
EPS TTM
$3.34
Shares Outstanding
65.4M
EX-Date
06/26/15
P/E TM
67.9x
Dividend
$5.76
Dividend Yield
2.42%
Current Stock Chart for ESSEX PROPERTY TRUST INC (ESS)

essex property trust inc (ESS) Related Businessweek News

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essex property trust inc (ESS) Details

Essex Property Trust, Inc. operates as a self-administered and self-managed real estate investment trust in the United States. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. As of March 31, 2012, the company owned or had interests in 158 apartment communities; and 5 commercial buildings, as well as 5 development projects. Its communities are located in Los Angeles, Orange, Riverside, San Diego, Santa Barbara, and Ventura counties in southern California; and the San Francisco Bay area in northern California, as well as in the Seattle metropolitan area. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Essex Property Trust, Inc. was founded in 1971 and is headquartered in Palo Alto, California.

1,725 Employees
Last Reported Date: 03/2/15
Founded in 1971

essex property trust inc (ESS) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $750.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $500.0K
Senior Executive Vice President of Asset Mana...
Total Annual Compensation: $550.0K
Co-Chief Investment Officer and Executive Vic...
Total Annual Compensation: $520.0K
Co-Chief Investment Officer and Executive Vic...
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2014.

essex property trust inc (ESS) Key Developments

Essex Property Trust Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Core FFO Guidance for the Third Quarter of 2015 and Revises Earnings Guidance for the Full-Year 2015

Essex Property Trust Inc. announced consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue was $294,101,000 compared to $256,952,000 a year ago. Earnings from operations were $80,966,000 compared to $38,354,000 a year ago. Net income available to common stockholders was $45,555,000 or $0.70 basic and diluted per share compared to $1,207,000 or $0.02 basic and diluted per share a year ago. Funds from operations attributable to common stockholders and unitholders were $160,069,000 or $2.38 diluted per share compared to $110,690,000 or $1.72 diluted per share a year ago. Core funds from operations attributable to common stockholders and unitholders were $161,326,000 or $2.40 diluted per share compared to $133,894,000 or $2.08 diluted per share a year ago. For the six months, the company reported revenue was $574,330,000 compared to $416,302,000 a year ago. Earnings from operations were $156,281,000 compared to $72,915,000 a year ago. Net income available to common stockholders was $104,918,000 or $1.62 diluted per share compared to $23,119,000 or $0.46 basic and diluted per share a year ago. Funds from operations attributable to common stockholders and unitholders were $311,596,000 or $4.66 diluted per share compared to $178,470,000 or $3.41 diluted per share a year ago. Core funds from operations attributable to common stockholders and unitholders were $313,944,000 or $4.69 diluted per share compared to $215,014,000 or $4.11 diluted per share a year ago. The company has revised its full-year 2015 Core FFO guidance range from $9.36 to $9.60 to a range of $9.56 to $9.72, raising the midpoint by $0.16. The revised guidance includes an increase to same-property growth rates, which are detailed in the table below, and reflects capital markets and investment transactions through July 2015. The company gross revenue in the range of 7.7% to 8.1% compared to in the range of 6.75% to 7.75% prior guidance. Net operating income in the range of 10.0% to 11.0% compared to in the range of 8.50% to 10.25% prior guidance. For the third quarter of 2015, the company has established a guidance range for Core FFO per diluted share of $2.40 to $2.46.

Essex Property Trust Inc. to Report Q2, 2015 Results on Jul 30, 2015

Essex Property Trust Inc. announced that they will report Q2, 2015 results After-Market on Jul 30, 2015

Essex Property Trust Inc., Q2 2015 Earnings Call, Jul 31, 2015

Essex Property Trust Inc., Q2 2015 Earnings Call, Jul 31, 2015

 

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ESS:US $226.55 USD +1.64

ESS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Apartment Investment & Management Co $39.43 USD +0.35
Camden Property Trust $79.75 USD +0.12
Mid-America Apartment Communities Inc $81.18 USD +0.84
Realty Income Corp $48.78 USD +0.49
UDR Inc $34.22 USD +0.41
View Industry Companies
 

Industry Analysis

ESS

Industry Average

Valuation ESS Industry Range
Price/Earnings 72.4x
Price/Sales 12.7x
Price/Book 2.4x
Price/Cash Flow 23.2x
TEV/Sales 7.9x
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