ESS Essex Property Trust
Intrinsic value$294.47
Price (at call)$279.00
Margin of safety
+5.5%
vs market (rating basis)
+59.9%
Model unavailable; showing baseline valuation.
⚠ LLM error: unbalanced JSON in response: '{\n "story": "Essex owns ~62k apartments in supply-constrained West Coast metros (SoCal, NorCal, Seattle) where high construction costs and entitlement friction mute new supply while steep ownership c'; using baseline
The story
Value drivers
| AFFO growth (Y1) | 5.5% |
| Terminal AFFO growth | 3.0% |
| AFFO / FFO ratio | 80.0% |
| Beta | 0.71 |
| Failure probability | 0.0% |
| Cost of equity | 8.0% |
Valuation bridge
| PV of AFFO (explicit) | 6.96B |
| PV of terminal value | 11.96B |
| Equity value | 18.92B |
| ÷ shares → per share | $294.47 |
News
score · 8 articles
- Why Is Essex Property Trust (ESS) Down 0.4% Since Last Earnings Report?
- Essex Property Trust Stock Outlook: Is Wall Street Bullish or Bearish?
- Zacks Industry Outlook Essex Property, Equity LifeStyle and American Homes
- 3 Residential REITs Worth Considering as the Industry Recovers
- Essex Property Trust (ESS) Raises Guidance, Is The Stock Still Cheap?
- Do Essex’s New Buybacks and Lower Guidance Reframe Its Real Estate Strategy Story (ESS)?
- Essex Property Trust (ESS) Q2 2026 Earnings Call Transcript
- Apartment REITs Signal Recovery, but Lease Pricing Lags
Projected AFFO
| Yr | FFO | AFFO | Growth | PV |
|---|---|---|---|---|
| 1 | 1.08B | 867.35M | 5.5% | 803.24M |
| 2 | 1.14B | 912.72M | 5.2% | 782.78M |
| 3 | 1.20B | 957.93M | 5.0% | 760.81M |
| 4 | 1.25B | 1.00B | 4.7% | 737.50M |
| 5 | 1.31B | 1.05B | 4.4% | 713.00M |
| 6 | 1.36B | 1.09B | 4.1% | 687.47M |
| 7 | 1.41B | 1.13B | 3.8% | 661.08M |
| 8 | 1.46B | 1.17B | 3.6% | 634.00M |
| 9 | 1.51B | 1.21B | 3.3% | 606.38M |
| 10 | 1.56B | 1.25B | 3.0% | 578.41M |