With a market cap of $16.5 billion, Essex Property Trust, Inc. (ESS) is a residential real estate investment trust (REIT) focused on acquiring, developing, redeveloping and managing multifamily apartment communities. The California-based company operates primarily in high-demand, supply-constrained West Coast markets, including Southern California, Northern California and the Seattle metropolitan area. The company operates a large portfolio of apartment homes, over 250 communities totaling more than 60,000 units, and is self-administered and self-managed, which supports operational alignment and cost control.
The REIT is expected to release its fiscal Q4 2025 results shortly. Ahead of this event, analysts project Essex Property to report core FFO of $4 per share, a 2% rise from $3.92 per share in the year-ago quarter. It has exceeded Wall Street's earnings expectations in the past four quarters.
