With a market cap of $17.3 billion, Essex Property Trust, Inc. (ESS) is a fully integrated real estate investment trust (REIT) specializing in the acquisition, development, redevelopment, and management of multifamily residential properties. Established in 1971 and headquartered in San Mateo, California, Essex focuses on supply-constrained markets along the West Coast, including Southern California, Northern California, and the Seattle metropolitan area.
The residential REIT has trailed the broader market over the past year. ESS stock has soared 4.5% over the past 52 weeks but is down 5.6% on a YTD basis. Meanwhile, the S&P 500 Index ($SPX) has surged 10.2% over the past year and plunged 1.3% in 2025.
