Real Estate · Multi-Family Residential REITs
Essex Property Trust: revenue, profit and dividends
In fiscal 2025, Essex Property Trust had revenue of $1.89B, up 4.7% a year on average since 2015, and net income of $670M (35.5% of revenue). Its dividend per share has gone up 15 years in a row, to $10.28.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +6.4% vs 2024
- Ticker
- ESS · NYSE
- Sector
- Real Estate
- Sub-industry
- Multi-Family Residential REITs
- Headquarters
- San Mateo, California
- Founded
- 1971
- In the S&P 500 since
- April 2, 2014
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Essex Property Trust, Inc. · CIK 0000920522
Revenue and net income
Revenue went from $408M in 2008 to $1.89B in 2025.
Diluted earnings per share
Diluted EPS went from $2.09 in 2008 to $10.40 in 2025. Ten-year growth: 11.5% a year.
Dividends per share
Raised every year in the data: 15 years in a row, from 2011 to 2025. Ten-year growth: 6.0% a year.
Shares outstanding
1.0% fewer shares in 2025 than in 2015 (65.1M → 64.4M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $1.89B | $670M | 35.5% | $10.40 | $10.28 | 64.4M | — | — | — |
| 2024 | $1.77B | $742M | 41.8% | $11.54 | $9.80 | 64.3M | — | — | — |
| 2023 | $1.67B | $406M | 24.3% | $6.32 | $9.24 | 64.3M | — | — | — |
| 2022 | $1.61B | $408M | 25.4% | $6.27 | $8.80 | 65.1M | — | — | — |
| 2021 | $1.44B | $489M | 33.9% | $7.51 | $8.36 | 65.1M | — | — | — |
| 2020 | $1.5B | $569M | 38.0% | $8.69 | $8.31 | 65.6M | — | — | — |
| 2019 | $1.46B | $439M | 30.1% | $6.66 | $7.80 | 65.9M | — | — | — |
| 2018 | $1.4B | $390M | 27.9% | $5.90 | $7.44 | 66.1M | — | — | — |
| 2017 | $1.36B | $433M | 31.8% | $6.57 | $7.00 | 65.9M | — | — | — |
| 2016 | $1.29B | $411M | 31.8% | $6.27 | $6.40 | 65.6M | — | — | — |
| 2015 | $1.19B | $227M | 19.0% | $3.49 | $5.76* | 65.1M | $618M | $99.3M | $519M |
| 2014 | $971M | $117M | 12.0% | $2.06 | $5.11* | 56.7M | $493M | $81.4M | $412M |
| 2013 | $611M | $151M | 24.7% | $4.04 | $4.84* | 37.3M | $305M | $47.3M | $258M |
| 2012 | $535M | $120M | 22.4% | $3.41 | $4.40* | 35.1M | $267M | $46.6M | $221M |
| 2011 | $467M | $40.4M | 8.6% | $1.24 | $4.16* | 32.6M | $217M | $16.4M | $200M |
| 2010 | $410M | $33.8M | 8.2% | $1.14 | $4.12* | 29.7M | $176M | $6.39M | $169M |
| 2009 | $409M | $82.2M | 20.1% | $2.91 | — | 29.7M | $174M | $3.21M | $170M |
| 2008 | $408M | $52.9M | 13.0% | $2.09 | — | 25.3M | $181M | $7.05M | $174M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data. * added up from quarterly reports.
About these figures
- REITs are usually judged by funds from operations (FFO), which is not in the filings data; their net income is after depreciation of the properties.
- Capital expenditure: no figures after 2015 in the data.
- Dividends per share for 2010–2015 are added up from the quarterly reports.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Multi-Family Residential REITs companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.