Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $218.31 USD
Change Today +1.60 / 0.74%
Volume 376.4K
ESS On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

essex property trust inc (ESS) Snapshot

Open
$218.56
Previous Close
$216.71
Day High
$220.23
Day Low
$214.71
52 Week High
03/23/15 - $243.17
52 Week Low
10/7/14 - $176.70
Market Cap
14.3B
Average Volume 10 Days
340.6K
EPS TTM
$3.12
Shares Outstanding
65.4M
EX-Date
06/26/15
P/E TM
69.9x
Dividend
$5.76
Dividend Yield
2.51%
Current Stock Chart for ESSEX PROPERTY TRUST INC (ESS)

essex property trust inc (ESS) Related Businessweek News

View More BusinessWeek News

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. Declares Regular Quarterly Cash Dividend on Common Share and Series H Preferred Stock, Payable on July 15, 2015

Essex Property Trust Inc. announced that its board of directors has declared a regular quarterly cash dividend of $1.44 per common share payable on July 15, 2015 to shareholders of record as of June 30, 2015. The board of directors has also declared a regular quarterly distribution for its Series H Preferred Stock for the second quarter of 2015 in the amount of $0.44531 per share. The preferred dividend is payable on July 15, 2015 to Series H preferred stockholders of record on July 1, 2015.

Essex Property Trust Inc. Announces Executive Changes

Essex Property Trust Inc. announced that Michael Dance, the company's Chief Financial Officer, has announced his plans to retire on September 30, 2015, continuing in an advisory capacity until January 2016. The Board of Directors has appointed Angela Kleiman, the Company Senior Vice President of Portfolio Management, to succeed Mr. Dance as the Company's Chief Financial Officer, effective upon Mr. Dance's retirement. Before joining Essex, Ms. Kleiman had over 15 years of professional experience in REIT investment banking and investment management. In recognition of the extraordinary effort and leadership of other senior leaders, the company has promoted John Burkart to Senior Executive Vice President of Asset Management, and John Eudy and Craig Zimmerman have been named Co-Chief Investment Officers in addition to their Executive Vice President titles.

Essex Property Trust Inc. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

Essex Property Trust Inc. announced consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues were $282,873,000 compared to $161,009,000 a year ago. Earnings from operations were $75,315,000 compared to $34,561,000 a year ago. Net income available to common stockholders was $59,363,000 or $0.92 basic and diluted per share compared to $21,912,000 or $0.58 basic and diluted per share a year ago. Funds from operations were $151,527,000 or $2.27 diluted per share compared to $67,780,000 or $1.68 diluted per share a year ago. Core funds from operations were $152,618,000 or $2.29 diluted per share compared to $81,120,000 or $2.02 diluted per share a year ago. For the second quarter of 2015, the company expects core FFO of $2.27 to $2.35 per share. For the full-year, the company expects funds from operations of range between $622,344,000 to $639,944,000 or $9.25 diluted per share to $9.51 diluted per share. Core funds from operations per diluted share of range between $9.36 to 9.60.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ESS:US $218.31 USD +1.60

ESS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Apartment Investment & Management Co $38.03 USD +0.23
Camden Property Trust $76.38 USD +0.50
Mid-America Apartment Communities Inc $75.38 USD +0.63
Realty Income Corp $45.39 USD +0.29
UDR Inc $32.86 USD +0.19
View Industry Companies
 

Industry Analysis

ESS

Industry Average

Valuation ESS Industry Range
Price/Earnings 87.2x
Price/Sales 12.2x
Price/Book 2.2x
Price/Cash Flow 24.1x
TEV/Sales 7.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ESSEX PROPERTY TRUST INC, please visit www.essexpropertytrust.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.