← BackESSEX PROPERTY TRUST, INC. · REIT (real estate trust)ESS
Low riskNext report: Around Feb 3, 2027 (est.)
The short versionA profitable company with steady sales. Institutions are adding.
Going well
- Raised its dividend (3.7% yield)
- Profitable every year for 10 years
- Brings in more cash than it spends
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 4.6% to their holdings in the quarter ending June 2026 (338 bought, 231 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$275.35-1.0% that day
- Company value
- $17.7B
- Share price times all shares
- Price vs profit (P/E)
- 42.8x
- You pay about $43 for each $1 of yearly profit
- Price vs sales
- 9.2x
- Company value is 9.2 times a year of sales
- Dividend yield
- 3.7%
- Yearly dividend as a share of today's price
- Cash vs value
- 0%
- Cash as a share of company value
- Debt vs value
- 36%
- Debt as a share of company value
From ESS's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$489.0M+4.1% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $1.9B, up 4.7% from the 12 months before. Over 5 years, sales grew about 4.8% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.12.7%
- MissDebt under half of equityNot relying on borrowed money.1.16x equity
- PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.37.2%
- PassProfitable every yearSteady profits, not one good year.10 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.1B
- PassShare count not growingNot diluting owners. Falling means buybacks.-1.1% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.69.9%
- Revenue
- $1.9B
- +6.4% vs prior year
- 5-year growth
- +4.8%/yr
- revenue, per year
- Total debt
- $6.4B
- 1.16x equity
- Free cash flow
- $1.1B
- 56.9% of revenue
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
New results, as stated in the press releaseReported Oct 27After close4:34 pm ET - EPS
- $1.52
- vs $2.56
Revenue and EPS as the company states them. Margins, cash flow and share count fill in with the 10-Q.
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 1
- Normal week
- 0.3
- vs normal
- 2.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+4.6%Institutions added 4.6% to their holdings. 338 bought, 231 sold.
Shares held by institutions65.1M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
0.0%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
1.2x · $6.4B debtShares outstandingLatest reported
64MNext reportAround Feb 3, 2027 (est.)Estimated from the same quarter last year
- Results filedOct 27
- Results filedJul 29
- Results filedApr 28
- Results filedFeb 4
- Results filedOct 29, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.