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Upturn AI SWOT - About
ESS 
Essex Property Trust Inc (ESS)
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Upturn Advisory Summary
04/01/2025: ESS (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 7.6% | Avg. Invested days 42 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 21.19B USD | Price to earnings Ratio 26.6 | 1Y Target Price 311.88 |
Price to earnings Ratio 26.6 | 1Y Target Price 311.88 | ||
Volume (30-day avg) 458555 | Beta 0.92 | 52 Weeks Range 223.09 - 313.63 | Updated Date 04/2/2025 |
52 Weeks Range 223.09 - 313.63 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 3.36% | Basic EPS (TTM) 11.55 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 40.68% | Operating Margin (TTM) 30.59% |
Management Effectiveness
Return on Assets (TTM) 2.85% | Return on Equity (TTM) 14.26% |
Valuation
Trailing PE 26.6 | Forward PE 68.49 | Enterprise Value 26169608945 | Price to Sales(TTM) 11.63 |
Enterprise Value 26169608945 | Price to Sales(TTM) 11.63 | ||
Enterprise Value to Revenue 14.75 | Enterprise Value to EBITDA 16.08 | Shares Outstanding 64325600 | Shares Floating 63651596 |
Shares Outstanding 64325600 | Shares Floating 63651596 | ||
Percent Insiders 1.14 | Percent Institutions 97.47 |
Analyst Ratings
Rating 3.19 | Target Price 308.71 | Buy 4 | Strong Buy 2 |
Buy 4 | Strong Buy 2 | ||
Hold 19 | Sell 1 | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
Essex Property Trust Inc
Company Overview
History and Background
Essex Property Trust, Inc. was founded in 1971 and is headquartered in San Mateo, California. It began as a private real estate company and went public as a REIT in 1994. Essex has focused on acquiring, developing, redeveloping, and managing multifamily residential properties on the West Coast.
Core Business Areas
- Multifamily Residential: Acquisition, development, redevelopment, and management of high-quality apartment communities in select coastal markets. This includes operations, leasing, and property management.
Leadership and Structure
Michael J. Schall is the President and CEO. Angela L. Kleiman is the Executive Vice President and COO. Barbara J. Pak is the Executive Vice President and CFO. The company has a board of directors and operates with a typical REIT structure.
Top Products and Market Share
Key Offerings
- Apartment Management: Management of apartments on the West Coast. Revenue is derived from management income. Market share information is region specific and not readily available as a singular nationwide figure. Competitors include other publicly traded apartment REITs as well as private real estate operators.
- Apartment Rentals: Essex Property Trust offers apartment rentals in urban and suburban locations within California, Washington, and Oregon. Revenue is derived from rental income. Market share information is region specific and not readily available as a singular nationwide figure. Competitors include other publicly traded apartment REITs as well as private real estate operators.
Market Dynamics
Industry Overview
The multifamily residential real estate market is influenced by factors such as interest rates, population growth, job market conditions, and housing affordability. Demand for rental housing is generally strong in urban areas with limited housing supply.
Positioning
Essex Property Trust focuses on high-barrier-to-entry markets along the West Coast. Its competitive advantages include a strong brand reputation, scale, and expertise in managing and operating apartment communities. They focus primarily on high quality apartments.
Total Addressable Market (TAM)
The total addressable market for multifamily housing in Essex's target West Coast markets is estimated to be in the hundreds of billions of dollars. Essex is positioned to capture a portion of this market through its existing portfolio and continued growth initiatives.
Upturn SWOT Analysis
Strengths
- Prime locations in high-growth West Coast markets
- Strong brand recognition and reputation
- Experienced management team
- Disciplined capital allocation strategy
- High-quality portfolio of apartment communities
Weaknesses
- Geographic concentration in a few markets
- Sensitivity to economic downturns and job losses
- Exposure to rent control regulations
- High operating costs in target markets
- Limited geographic diversification
Opportunities
- Acquisitions of existing apartment communities
- Development of new properties
- Redevelopment and repositioning of existing assets
- Expansion into adjacent markets
- Increasing rents due to strong demand
Threats
- Economic recession and job losses
- Increased competition from other apartment operators
- Rising interest rates and construction costs
- Changes in government regulations and policies
- Natural disasters
Competitors and Market Share
Key Competitors
- AVB
- EQR
- MAA
- UDR
Competitive Landscape
Essex Property Trust's focus on high-barrier-to-entry West Coast markets provides a competitive advantage. However, it faces competition from other large REITs with national or regional presence. Essex differentiates itself through its focus on high-quality properties and customer service.
Major Acquisitions
The Park on Main
- Year: 2022
- Acquisition Price (USD millions): 89.3
- Strategic Rationale: Acquisition of a residential community in Walnut Creek, California. This added to the local market and expands their portfolio in the region.
Growth Trajectory and Initiatives
Historical Growth: Assess historical growth in revenue, net operating income (NOI), and property portfolio size.
Future Projections: Based on analyst estimates, project future growth in revenue, earnings, and dividends. These estimates can be obtained from financial data providers.
Recent Initiatives: Highlight recent acquisitions, development projects, and other strategic initiatives undertaken by Essex Property Trust.
Summary
Essex Property Trust is a strong REIT focused on the West Coast multifamily market. Its prime locations and disciplined management team contribute to its success. However, its geographic concentration and sensitivity to economic downturns pose risks. Recent acquisitions and development projects indicate a commitment to growth. They should look to diversify their locations further and mitigate the effects of economic downturns.
Similar Companies
AVB
AvalonBay Communities Inc
AVB
AvalonBay Communities Inc
EQR
Equity Residential
EQR
Equity Residential
INVH
Invitation Homes Inc
INVH
Invitation Homes Inc
MAA
Mid-America Apartment Communities Inc
MAA
Mid-America Apartment Communities Inc
UDR
UDR Inc
UDR
UDR Inc
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Investor Relations Materials
- Financial Data Providers (e.g., Yahoo Finance, Bloomberg, Refinitiv)
- Industry Reports and Publications
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Market data and analyst estimates are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Essex Property Trust Inc
Exchange NYSE | Headquaters San Mateo, CA, United States | ||
IPO Launch date 1994-06-06 | President, CEO & Director Ms. Angela L. Kleiman | ||
Sector Real Estate | Industry REIT - Residential | Full time employees 1712 | |
Full time employees 1712 | |||
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 256 apartment communities comprising over 62,000 apartment homes with an additional property in active development.
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