Essex Property Trust - Public Comps and Valuation Multiples

Essex Property Trust Overview

About Essex Property Trust

Essex Property Trust owns a portfolio of 258 apartment communities with over 62,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.

Founded

1971

HQ

Employees

1.7K+

Website

essexapartmenthomes.com

Sectors

Buildings & Property

Financials

LTM Revenue $1.9B

LTM EBITDA $1.3B

EV

$22.6B

Valuation Multiples

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Essex Property Trust Financials

As of September 2025, Essex Property Trust reported last 12-month revenue of $1.9B and EBITDA of $1.3B.

In the same period, Essex Property Trust generated $1.2B in LTM gross profit and $641M in net income.

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Essex Property Trust P&L

In the most recent fiscal year, Essex Property Trust reported revenue of $1.8B and EBITDA of $1.6B.

Essex Property Trust expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Essex Property Trust valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$1.9B	XXX	$1.8B	XXX	XXX	XXX
Gross Profit	$1.2B	XXX	$1.2B	XXX	XXX	XXX
Gross Margin	67%	XXX	68%	XXX	XXX	XXX
EBITDA	$1.3B	XXX	$1.6B	XXX	XXX	XXX
EBITDA Margin	68%	XXX	92%	XXX	XXX	XXX
EBIT	$655M	XXX	$529M	XXX	XXX	XXX
EBIT Margin	35%	XXX	30%	XXX	XXX	XXX
Net Profit	$641M	XXX	$742M	XXX	XXX	XXX
Net Margin	34%	XXX	42%	XXX	XXX	XXX
Net Debt	XXX	XXX	$6.5B	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Essex Property Trust including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $1.9B. EBITDA for the last twelve months was $1.3B. In the most recent fiscal year, Essex Property Trust achieved $1.8B in revenue and $1.6B in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$1.9B	Analyst estimates available to subscribers	$1.8B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$1.2B	Analyst estimates available to subscribers	$1.2B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	66.8% gross margin	Analyst estimates available to subscribers	68.1% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$1.3B	Analyst estimates available to subscribers	$1.6B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	67.8% EBITDA margin	Analyst estimates available to subscribers	91.7% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$655M	Analyst estimates available to subscribers	$529M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	35.2% EBIT margin	Analyst estimates available to subscribers	29.8% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$641M	Analyst estimates available to subscribers	$742M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	34.5% net profit margin	Analyst estimates available to subscribers	41.8% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$6.5B	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Essex Property Trust

This financial data table provides comprehensive performance metrics for Essex Property Trust, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Essex Property Trust generated $1.9B in revenue over the last twelve months.
The company achieved $1.3B in EBITDA over the last twelve months.
Gross profit for the last twelve months was $1.2B.
Net income over the last twelve months reached $641M.

Fiscal Year Performance

In the most recent fiscal year, Essex Property Trust reported $1.8B in total revenue.
Fiscal year EBITDA was $1.6B.
The company maintained a gross profit margin of 68.1% in the most recent fiscal year.
EBITDA margin for the fiscal year was 91.7%.
Net profit margin reached 41.8% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Essex Property Trust. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Essex Property Trust Stock Performance

Essex Property Trust has current market cap of $15.9B, and EV of $22.6B.

Market Cap Evolution

Essex Property Trust Stock Data

As of October 30, 2025, Essex Property Trust's stock price is $247.

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$22.6B	$15.9B	XXX	XXX	XXX	XXX	$9.96

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Essex Property Trust Valuation Multiples

Essex Property Trust's trades at 12.7x EV/Revenue multiple, and 13.9x EV/EBITDA.

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Essex Property Trust Financial Valuation Multiples

As of October 30, 2025, Essex Property Trust has market cap of $15.9B and EV of $22.6B.

Equity research analysts estimate Essex Property Trust's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Essex Property Trust has a P/E ratio of 24.8x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$15.9B	XXX	$15.9B	XXX	XXX	XXX
EV (current)	$22.6B	XXX	$22.6B	XXX	XXX	XXX
EV/Revenue	12.2x	XXX	12.7x	XXX	XXX	XXX
EV/EBITDA	17.9x	XXX	13.9x	XXX	XXX	XXX
EV/EBIT	34.5x	XXX	42.7x	XXX	XXX	XXX
EV/Gross Profit	18.2x	XXX	n/a	XXX	XXX	XXX
P/E	24.8x	XXX	21.5x	XXX	XXX	XXX
EV/FCF	n/a	XXX	24.2x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Essex Property Trust Margins & Growth Rates

Essex Property Trust's last 12 month revenue growth is 4%

Essex Property Trust's revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.4M for the same period.

Essex Property Trust's rule of 40 is 94% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Essex Property Trust's rule of X is 78% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Essex Property Trust Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	4%	XXX	5%	XXX	XXX	XXX
EBITDA Margin	68%	XXX	92%	XXX	XXX	XXX
EBITDA Growth	3%	XXX	-8%	XXX	XXX	XXX
Rule of 40	94%	XXX	96%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	78%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$1.0M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.4M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	38%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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