Essex Property Trust, Inc (ESS) Financials
Key financial figures for Essex Property Trust, Inc (Q3 2026).
Essex Q3 2026 Core FFO of $4.00 per diluted share rose 0.8% year over year, with same-property revenue up 3.0% and NOI up 3.1%; full-year Core FFO guidance midpoint raised $0.02 to $16.16. Core FFO was $4.00 per diluted share versus $3.97 a year earlier (+0.8%, as printed), and $0.01 above the midpoint of the company's own Q3 guidance range. Total FFO was $3.98 versus $4.03 (-1.2%). Net income was $1.52 per diluted share versus $2.56 a year earlier. The release attributes the decline mainly to gains on sale of real estate and land in Q3 2025 ($62.3 million of gain on sale of real estate and land last year versus $6.8 million this quarter). Same-property revenue grew 3.0% and NOI grew 3.1% year over year (Q2 2026: 2.7% and 2.6%). On the outlook: Full-year 2026 Core FFO per diluted share raised to $16.10-$16.22 (midpoint $16.16, up $0.02 from the prior $16.03-$16.25 range). Same-property revenue growth 2.8%-3.0% (prior 2.5%-3.1%), operating expenses 2.6%-2.9% (prior 2.5%-3.0%), NOI 2.8%-3.2% (prior 2.3%-3.3%). Net income per diluted share $5.62-$5.74 (prior $5.47-$5.69). Total FFO $15.42-$15.54, midpoint $15.48, unchanged. Q4 2026 Core FFO guidance $3.95-$4.07 (midpoint $4.01). Figures are for Q3 2026, as Essex Property Trust reported them.
- Revenue
- $493M
- Net Income
- $98M
- EPS
- $1.53
- Total Assets
- $12.8B
- Operating Cash Flow
- $333M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $493M | $98M | $1.52 | 31.82% | $246M |
| Q2 FY2026 | $489M | $62M | $0.97 | 22.03% | |
| Q1 FY2026 | $485M | $106M | $1.65 | 32.01% | $267M |
| Q4 FY2025 | $480M | $83M | $1.25 | 30.34% | $195M |
| Q3 FY2025 | $473M | $165M | $2.56 | 32.06% | $306M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $1.9B | $672M | $10.40 | 43.88% | $934M |
| FY2024 | $1.8B | $742M | $11.54 | 39.62% | $932M |
| FY2023 | $1.7B | $406M | $6.32 | 35% | $840M |
Frequently asked questions
What was Essex Property Trust's revenue last quarter?
Essex Property Trust reported revenue of $492.7 million for Q3 FY2026, up 4.1% from the same period a year earlier.
Is Essex Property Trust profitable?
Yes. Essex Property Trust reported net income of $98.1 million for Q3 FY2026, a net margin of 19.9% on revenue.
How has Essex Property Trust's margin trended?
Operating margin was 31.82% in Q3 FY2026, compared with 32.06% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Essex Property Trust generate?
Essex Property Trust generated free cash flow of $245.6 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Essex Property Trust, Inc on SentiSense, with up to forty quarters and twenty fiscal years of history.