Key Details
Price
$275.18Last Dividend
$2.45Annual Revenue
$1.67 BAnnual EPS
$6.32Annual ROE
7.03%Beta
0.66Events Calendar
Next earnings date:
Feb 06, 2025Recent quarterly earnings:
Oct 29, 2024Recent annual earnings:
Feb 06, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Jan 02, 2025Next split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Screeners with ESS included
Market Data
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Institutional Ownership
Essex Property Trust has increased by 35% in the last year, thanks to a low number of new apartments being built in California and its strong location. The areas where Essex operates are seeing much less new supply compared to the Sun Belt, with only 0.5% growth expected each year from 2023 to 2025. Even with rising expenses, Essex has a strong financial position and anticipates a growth of 4-5% in funds from operations, aiming for a fair value of $320-325.
ESS has a strong foundation in the West Coast market, along with technology projects and a solid financial position that support its potential for future growth. However, there is a large supply of rental units that could be a challenge.
ESS provides iron flow batteries for utility companies, which are an affordable, safe, and long-lasting energy storage option backed by a 10-year performance guarantee. Their technology is market-ready, and they anticipate revenue from future sales and partnerships that will expand their global presence. The worldwide need for long-duration energy storage is expected to hit 1000GW by 2030, creating a major market opportunity.
ESS is expected to gain from positive market conditions on the West Coast and a strong financial position.
ESS's core FFO for the third quarter exceeded expectations. The results show an increase in revenue from the same properties and a rise in net operating income.
Investors should closely monitor Essex Property Trust (ESS) stock due to recent changes in the options market.
While the revenue and earnings per share (EPS) for Essex Property Trust (ESS) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
To better understand how Essex Property Trust (ESS) might perform in the quarter ending September 2024, look beyond Wall Street's basic profit predictions and consider the estimates for its important metrics. This will give you a clearer picture of its potential performance.
ESS's Q3 results are expected to reflect the advantages of a strong property foundation and technological advancements.
WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS,” “ESS Inc.”) (NYSE:GWH), a top producer of long-duration energy storage systems (LDES) for commercial and utility-scale uses, has announced a conference call scheduled for Wednesday, November 13, 2024, at 5:00 p.m. EST. The call will focus on the financial results for the third quarter of 2024, which ended on September 30, 2024. A news release with these financial results will be shared on the same day, November 13, 2024.
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