ESS/Real Estate · REIT - Residential/NYSE
Dividend Yield
3.73%
$10.30 · Annual Dividend
Dividend Safety Rating
ESS's dividend appears safe and well-supported. Strengths include a 67.8% ffo payout ratio & 49.5% cfo payout ratio. Areas of concern: 0.3x current ratio. As a Dividend Aristocrat with 25+ consecutive years of increases, ESS has a proven commitment to shareholders. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 14 of 15 metrics
Strengths
- FFO Payout Ratio: 67.8%Dividends are well covered by funds from operations (FFO).
- Operating Margin: 35.2%Healthy operating margin provides a wide buffer.
- Gross Margin: 68.1%High gross margin signals strong pricing power.
Risks
- Current Ratio: 0.3xLimited short-term liquidity to meet obligations.
Payout & Coverage
SafeBalance Sheet
CautionProfitability
SafeDividend Track Record
Very SafeAbout Essex Property Trust, Inc.
Essex Property Trust, Inc. is a fully integrated real estate investment trust (REIT) specializing in the multifamily residential sector. It focuses on the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, primarily in supply-constrained West Coast markets including urban and suburban submarkets of Southern California, Northern California, and Seattle. The company maintains ownership interests in approximately 259 apartment communities comprising over 63,000 apartment homes, with additional properties in active development. Essex Property Trust, Inc. emphasizes high-quality, large-scale properties that serve residents in vibrant coastal economies, supporting stable rental housing demand driven by strong job and income growth in these regions. Founded in 1971 and headquartered in San Mateo, California, it plays a key role in providing residential real estate exposure within the REIT industry, catering to investors seeking income-oriented opportunities in premium apartment markets.
Dividend Overview
Dividend Yield
3.73%
Annual Dividend
$10.30
Frequency
Quarterly
Payout Ratio
115.86%
FCF Payout Ratio
69.87%
52-Week Range
$238.46 - $294.09
Dividend History (2016–2025)
ESS annual dividend per share and yield history
Earnings & Profitability
ESS earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
June 30, 2026
Next Payment Date
July 15, 2026
Dividend Growth
3-Year Dividend CAGR
4.91%
5-Year Dividend CAGR
4.10%
10-Year Dividend CAGR
5.84%
3-Year Total Growth
15.45%
5-Year Total Growth
22.26%
10-Year Total Growth
76.39%
Dividend Aristocrat (25+ yrs)
This company has increased its dividend for 25+ consecutive years.
Income Calculator
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Frequently Asked Questions
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How is ESS's Dividend Safety Rating calculated?
Want to understand how we rate dividend safety? Read our full methodology
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.