Five-year median 16.8×, middle half 15.6–18.6×, range 14.0–26.4×. Now 17.3×: +3% above its own median, higher than 55% of those quarters.Each quarter priced at its own trailing Cash FFO per share · the band is the 25th–75th percentile
Where the cash goes
TTM through Jun 30, 2026 · $B
Cash FFO 1.01B = net income 0.42B + depreciation 0.61B − 0.02B other non-cash items · dividends 0.67B · retained 0.34B
Against its type
ESS (blue) vs. the other Residential REITs on the board (4), grey
P/Cash FFO17.3× vs. 14.8×
Dividend yield3.8% vs. 4.5%
Cash FFO payout66% vs. 66%
Net debt / EBITDA5.7× vs. 4.5×
Interest cover4.5× vs. 5.8×
EBITDA margin61% vs. 55%
Type averages are the plain mean of the other REITs of the same property type with a usable window.
Quarter by quarter
8 quarters · Sep 30, 2024 → Jun 30, 2026 · a gap is a dropped quarter