Essex Property Trust acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. The company was founded in 1971 and is based in Palo Alto, California.
ESS Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Essex Property Trust Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Essex Property Trust Inc ranked in the 4th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 98%. As for the metrics that stood out in our discounted cash flow analysis of Essex Property Trust Inc, consider:
The company's compound free cash flow growth rate over the past 4.01 years comes in at -0.14%; that's greater than merely 11.65% of US stocks we're applying DCF forecasting to.
Essex Property Trust Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than merely 0% of US stocks with positive free cash flow.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than merely 11.59% of stocks in its sector (Real Estate).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Essex Property Trust Inc? See COLD, HPP, BFS, CPT, and CXP.
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its third quarter 2020 earnings after the market closes on Wednesday, October 28, 2020. A conference call with senior management is scheduled for Thursday, October 29, 2020 at 9:00 a.m. Pacific Time or 12:00 p.m. Eastern Time. The third quarter conference call is open to everyone and can be accessed by: Internet: Go to www.essex.com; click on Investors and the third quarter earning
In a recent Dividend Kings Podcast, I explained, “I'm not trying to disparage anybody who is an analyst in mortgage REITs or who invests in mortgage REITs, but you really have to have some technical skills if you're going to be successful. You got to have a circle of competence....
Essex Property Trust (ESS) has seen its growth thesis called into question. With shares trading at a compelling yield relative to the market, something that seemingly hasn’t happened for many years, it is clear that Wall Street is skeptical of apartment REITs coming out of the pandemic. I think the...
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.0775 per common share, payable October 15, 2020 to shareholders of record as of September 30, 2020. About Essex Property Trust, Inc. Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties i
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that its operating partnership, Essex Portfolio, L.P. (the “Issuer”), priced an underwritten public offering of $600.0 million aggregate principal amount senior notes, consisting of $300.0 million aggregate principal amount of 1.650% senior notes due 2031 (the “2031 Notes”) and $300.0 million aggregate principal amount of 2.650% senior notes due 2050 (the “2050 Notes” and together with the 2031 Notes, the