Essex Property Trust, IncNYSE: ESS
Real Estate · Multi-Family Residential REITs
$263.36
+0.06%
Vol: 258K
Research Digest
Friday, May 1, 2026
Essex beats Q1 estimates but slides on guidance concerns about LA market recovery headwind
Essex Property Trust reported Q1 2026 EPS of $1.65 beating consensus of $1.42. Core FFO per share exceeded guidance high end with same-property revenues up 2.9% YoY and flat operating expenses. Company achieved 96.4% financial occupancy in April. Board approved 0.8% annual dividend increase to $10.36 per share. Despite earnings beat, stock fell 1.22% in AH as investors focused on management warning about slow LA rental market recovery and $0.07 per-share H2 headwind from structured finance redemptions. Reaffirmed FY guidance unchanged.
Previous Market Intelligence
13 daysApr 30Essex Property Trust beats Q1 FFO estimates and raises full-year Core FFO guidance midpoint to $15.94Positive▶
Essex Property Trust reported strong Q1 2026 results (April 28): FFO of $1.65 EPS beat estimate of $1.42 by $0.23, revenue of $484.76M (up 4.3% YoY), and same-property revenue growth of 2.9% (50bp ahead of plan). The company raised full-year 2026 Core FFO per share guidance midpoint to $15.94 and expects Q2 FFO of $3.92-$4.04, FY2026 FFO of $15.69-$16.19. Board approved 0.8% dividend increase with Q1 dividend of $2.59/share. Stock shows strong performance: up 5.8% over 7 days, 11.8% over 30 days, 4.3% YTD at $267.88.
Apr 16Essex Property Trust approved 32nd consecutive dividend increase and scheduled Q1 earnings for April 28Neutral▶
Essex Property Trust announced a 0.8% annual dividend increase (32nd consecutive year) with Q1 dividend of $2.59 per share payable April 15, 2026. The company is set to report Q1 2026 earnings on April 28 with analysts expecting core FFO of $3.96 per share. Recent analyst moves have lowered consensus price targets to $279.00 as the multifamily REIT sector faces softer occupancy trends. The stock holds an average Hold rating among 27 analysts.
Apr 15Essex Property Trust upgraded by Wall Street Zen; Q1 earnings due April 28.Neutral▶
Wall Street Zen upgraded Essex Property Trust from strong sell to sell rating on April 14, 2026. The company approved a 0.8% annual dividend increase, marking its 32nd consecutive annual raise, with Q1 dividend of $2.59/share payable April 15. Q1 2026 earnings expected April 28 with analyst consensus FFO of $3.96/share. The broader REIT sector faces headwinds from high interest rates and cautious rental growth.
Apr 14Essex Property Trust Q1 earnings due April 28 with $2.59 dividend; sentiment remains cautious.Neutral▶
Essex Property Trust will release Q1 2026 earnings after market close April 28 with conference call April 29. Analysts expect core FFO of $3.96 per share. Q1 dividend of $2.59 per share payable April 15. Stock faces 16.4% decline over past year from high interest rates and cautious rental growth.
Apr 13Essex Property Trust scheduled Q1 earnings April 28 with analyst price target reduction to $264 on occupancy concerns.Negative▶
Essex Property Trust announced Q1 2026 earnings release April 28 after market close. Evercore ISI Group lowered price target from $269 to $264 on April 6. Board declared $2.59 Q1 dividend. Hold consensus from 27 analysts with $279 price target.
Apr 10Essex Property Trust Board approves 0.8% dividend increase (32nd consecutive year); Evercore ISI lowers PT to $264.Neutral▶
Essex Property Trust Board approved 0.8% increase to annual dividend, representing 32nd consecutive annual increase. Q1 dividend declared at $2.59 per share, payable April 15, 2026. Evercore ISI lowered price target to $264 from $269. Stock closed at $247.71 April 6. Analyst consensus: Hold rating with 16 analysts.
Apr 9Essex Property Q4 FFO grows 2.2%; maintains 32-year dividend streak with 0.8% increaseNeutral▶
Essex Property Trust reported Q4 2025 net income $1.25/share vs. $4.00 prior year. 2025 Core FFO $15.94/share, up 2.2% YoY with same-property revenue/NOI growth 3.8% in Q4. Company acquired 7 multifamily communities for $829.4M; divested 5 for $563.8M. Q1 dividend $2.59/share (32-year consecutive increase). 2026 Core FFO guidance midpoint $15.94 with same-property revenue growth ~2.4%. Stock at $247.3, trading below 16-analyst consensus Hold target of $282.3 (14.13% upside). Evercore ISI lowered PT to $264 (April 6); J.P. Morgan maintains Sell; Mizuho remains Buy. Concentrated West Coast exposure and declining rental demand risks remain.
Apr 8Evercore ISI lowers Essex Property Trust target to $264 from $269; maintains In-Line ratingNeutral▶
Essex Property Trust announced 32nd consecutive dividend increase. Q4 2025 revenue $480.4M, Basic EPS $1.25, FFO $263M. TTM revenue $1.9B, EPS $10.40. Evercore ISI downgraded April 6, maintaining In-Line. Facing interest coverage and earnings decline pressures.
Apr 7No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 6Essex Property announced 32nd consecutive dividend increase in February 2026.Neutral▶
Essex Property Trust announced its 32nd consecutive annual dividend increase in February 2026. 2025 revenue increased 5.97% to $1.94B. Company owns 259 apartment communities with 63k+ units. Analysts maintain Hold rating with $282.3 target.
Apr 3Essex Property Trust approves 32nd consecutive annual dividend raise (0.8% increase) with Q1 dividend of $2.59 per share.Neutral▶
Essex Property Trust's board approved a 0.8% annual dividend increase, marking the company's 32nd consecutive year of dividend raises. The Q1 2026 dividend of $2.59 per share will be paid April 15, 2026. Stock recently hit a 52-week low at $238.46 but recovered to $239.61. 2026 Core FFO guidance midpoint stands at $15.94.
Apr 2Essex Property Trust announced 0.8% increase to annual dividend and 2026 full-year earnings guidance of $5.55-$6.05 per diluted share.Neutral▶
Essex Property Trust Board approved 0.8% increase to annual cash dividend with Q1 2026 dividend of $2.59 per share payable April 15 (annualized $10.36 for 2026). Company issued full-year 2026 earnings guidance of $5.55-$6.05 net income per diluted share. 2025 performance showed net income of $10.40 per share, same-property NOI growth of 3.2%, and Core FFO growth of 2.2%. Company acquired seven communities for $829.4M and sold five for $563.8M.
Apr 1Essex Property Trust approves 0.8% dividend increase, marking 32nd consecutive annual raise.Neutral▶
Essex Property Trust announced its 32nd consecutive annual dividend increase of 0.8%, with Q1 2026 dividend of $2.59 per share. Q4 2025 same-property revenue and NOI growth of 3.8%, with full-year Core FFO of $15.94 per share, up 2.2%.
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.