---
title: Essex Property (ESS) — REIT card
canonical: https://sweetvaluelab.com/tools/reit-stocks/ess
ticker: ESS
property_type: Residential
as_of: 2026-10-26
---
# Essex Property (ESS) — REIT card

Essex Property, a residential REIT, trades at 17.6× trailing Cash FFO with a 3.8% dividend yield, 66.3% of Cash FFO; net debt is 5.7× EBITDA. Prices as of Oct 26, 2026; trailing-twelve-month figures through Sep 30, 2026.

## The card

| Figure | ESS | Residential average (4) |
| --- | ---: | ---: |
| Price | $275.30 |  |
| Cash FFO (TTM) | $1.0B |  |
| Cash FFO per share | $15.60 |  |
| P/Cash FFO | 17.6× | 14.9× |
| P/E | 42.8 |  |
| Dividend per share (TTM) | $10.34 |  |
| Dividend yield | 3.8% | 4.4% |
| Yield spread over the 10-year | −1.2% |  |
| Cash FFO payout | 66.3% | 65.4% |
| Cash FFO growth (YoY) | 0.1% | 0.2% |
| Cash FFO CAGR (3y) | 1.5% |  |
| Net debt / EBITDA | 5.7× | 4.5× |
| Interest cover | 4.5× | 5.7× |
| Debt / assets | 51.8% |  |
| EBITDA margin | 60.9% | 55.4% |
| Market value | $17.7B |  |
| Enterprise value | $24.4B |  |

## Lights

No light is on.

---

Source: https://sweetvaluelab.com/tools/reit-stocks/ess (SweetValueLab, free, no account). Quarterly statements from Financial Modeling Prep, closes from the daily price cache; the engine's rules are on the board page. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.