Last $193.45 USD
Change Today +1.18 / 0.61%
Volume 346.6K
ESS On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

essex property trust inc (ESS) Snapshot

Open
$193.03
Previous Close
$192.27
Day High
$193.78
Day Low
$192.38
52 Week High
08/21/14 - $194.94
52 Week Low
12/30/13 - $137.53
Market Cap
12.3B
Average Volume 10 Days
264.0K
EPS TTM
$3.57
Shares Outstanding
63.5M
EX-Date
06/26/14
P/E TM
54.1x
Dividend
$5.20
Dividend Yield
2.55%
Current Stock Chart for ESSEX PROPERTY TRUST INC (ESS)

essex property trust inc (ESS) Related Businessweek News

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essex property trust inc (ESS) Details

Essex Property Trust, Inc. operates as a self-administered and self-managed real estate investment trust in the United States. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. As of March 31, 2012, the company owned or had interests in 158 apartment communities; and 5 commercial buildings, as well as 5 development projects. Its communities are located in Los Angeles, Orange, Riverside, San Diego, Santa Barbara, and Ventura counties in southern California; and the San Francisco Bay area in northern California, as well as in the Seattle metropolitan area. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Essex Property Trust, Inc. was founded in 1971 and is headquartered in Palo Alto, California.

1,173 Employees
Last Reported Date: 02/26/14
Founded in 1971

essex property trust inc (ESS) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $790.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $465.0K
Executive Vice President of Acquisitions
Total Annual Compensation: $475.0K
Executive Vice President of Asset Management
Total Annual Compensation: $425.0K
Executive Vice President of Development
Total Annual Compensation: $475.0K
Compensation as of Fiscal Year 2013.

essex property trust inc (ESS) Key Developments

Essex Property Trust Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Financial Guidance for the Year 2014; Provides Financial Guidance for the Third Quarter of 2014

Essex Property Trust Inc. announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's net income available to common stockholders was $4.99 million or $0.08 per diluted share compared with $24.95 million or $0.67 per diluted share a year ago. Funds from operations were $110.7 million or $1.72 per diluted share compared with $75.6 million or $1.91 per diluted share a year ago. Core funds from operations were $133.9 million or $2.08 per diluted share compared with $74.2 million or $1.88 per diluted share a year ago. Increased same-property gross revenues and net operating income by 7.2% and 9.1%, respectively, compared to second quarter of 2013. For the six months, the company's net income available to common stockholders was $26.9 million or $0.54 per diluted share compared with $50.1 million or $1.35 per diluted share a year ago. Funds from operations were $178.5 million or $3.41 per diluted share compared with $152.97 million or $3.88 per diluted share a year ago. Core funds from operations were $215.0 million or $4.11 per diluted share compared with $147.4 million or $3.74 per diluted share a year ago. The company raised the full year core FFO per diluted share guidance range to $8.31 to $8.47, raising the midpoint by $0.09 per share. The reason for the increase primarily relates to revised same-property NOI growth. The company established core FFO guidance range for the third quarter of 2014 of $2.05 to $2.11 per diluted share.

Essex Property Trust Inc. to Report Q2, 2014 Results on Aug 06, 2014

Essex Property Trust Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 06, 2014

Essex Property Trust Inc., Q2 2014 Earnings Call, Aug 07, 2014

Essex Property Trust Inc., Q2 2014 Earnings Call, Aug 07, 2014

 

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ESS Competitors

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Company Last Change
Alexandria Real Estate Equities Inc $79.06 USD +0.24
Camden Property Trust $74.84 USD +0.77
Mid-America Apartment Communities Inc $72.32 USD +0.45
Realty Income Corp $44.72 USD +0.14
UDR Inc $29.92 USD +0.16
View Industry Companies
 

Industry Analysis

ESS

Industry Average

Valuation ESS Industry Range
Price/Earnings 86.3x
Price/Sales 14.9x
Price/Book 2.1x
Price/Cash Flow 32.2x
TEV/Sales 8.7x
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