ESS

AI Research

32 consecutive dividend increases streak; Q4 EPS misses by $0.02 at $3.98

Essex Property Trust reported Q4 2025 EPS of $3.98, narrowly missing the $4.00 consensus estimate, while providing FY2026 guidance of $15.69-$16.19 EPS. The company maintains a 32-year streak of consecutive dividend increases with a 3.97% current yield, though Truist Securities cut its price target to $273 from $283 amid sector pressures. Analysts cite both valuation opportunities and rental demand uncertainty as mixed signals for the stock.