---
title: Essex Property (ESS) — REIT card
canonical: https://sweetvaluelab.com/tools/reits/ess
ticker: ESS
property_type: Residential
as_of: 2026-10-16
---
# Essex Property (ESS) — REIT card

Essex Property, a residential REIT, trades at 17.3× trailing Cash FFO with a 3.8% dividend yield, 66.3% of Cash FFO; net debt is 5.7× EBITDA. Prices as of Oct 16, 2026; trailing-twelve-month figures through Jun 30, 2026.

## The card

| Figure | ESS | Residential average (4) |
| --- | ---: | ---: |
| Price | $269.43 |  |
| Cash FFO (TTM) | $1.0B |  |
| Cash FFO per share | $15.60 |  |
| P/Cash FFO | 17.3× | 14.8× |
| P/E | 41.9 |  |
| Dividend per share (TTM) | $10.34 |  |
| Dividend yield | 3.8% | 4.5% |
| Yield spread over the 10-year | -1.3% |  |
| Cash FFO payout | 66.3% | 65.9% |
| Cash FFO growth (YoY) | 0.1% | 1.9% |
| Cash FFO CAGR (3y) | 1.5% |  |
| Net debt / EBITDA | 5.7× | 4.5× |
| Interest cover | 4.5× | 5.8× |
| Debt / assets | 51.8% |  |
| EBITDA margin | 60.9% | 55.3% |
| Market value | $17.4B |  |
| Enterprise value | $24.0B |  |

## Lights

No light is on.

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Source: https://sweetvaluelab.com/tools/reits/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.