San Mateo, California-based Essex Property Trust, Inc. (ESS) is a REIT engaged in the acquisition, development, redevelopment and management of multifamily residential properties in supply-constrained markets. With a market cap of $19.2 billion, Essex operates as a leader in the West Coast multifamily housing market and holds ownership stakes in 250+ apartment communities and 62,000+ homes.
The real estate giant has notably outperformed the broader market over the past year. ESS stock has soared 31.4% over the past 52 weeks and 5.5% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 17% surge over the past year and 1.3% returns in 2025.
