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Essex Property Trust, Inc. — Intrinsic Value & Fair Price

ESS
NYSEReal EstateREIT - ResidentialCIK 0000920522essexapartmenthomes.comAbout ESS
Valuation grade ?B
Quant grade ?B
Last close · Oct 30, 2026264.18−1.04 (−0.39%)
Model value · P/Cash FFO · own history
246.13
Essex Property Trust closed at $264.18 — overvalued by 7% vs model.
231.95the model's range275.48

P/Cash FFO · own history leads for a REIT. From its own five-year median price to Cash FFO.

Other models
44.55 – 281.42
Wall St. target
295.00 10% below
Above model, 1y
27 of 30 days

How it is valued

Valued asREIT
Low/slowing growth (~7% recent)High profitability (35% net margin)Strong dividend yieldHighly cyclical earningsStrong FCF yield (5.5%)
What growth the price implies: the reverse DCF

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; how each model works is in the manual.