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:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Essex Property Trust Inc. To summarize, we found that Essex Property Trust Inc ranked in the 6th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for Essex Property Trust Inc ended up being:
Its compound free cash flow growth rate, as measured over the past 4.25 years, is -0.08% -- higher than merely 15.59% of stocks in our DCF forecasting set.
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 weighted average cost of capital for the company is 8. This value is greater than just 17.24% stocks in the Real Estate sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Real Estate that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as ESS, try MLP, SHO, SVC, APLE, and AXR.
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today the income tax treatment for its 2020 distributions to shareholders. The 2020 distribution characteristics are as follows: Common Stock – CUSIP Number 297178105: Unrecaptured Record Payment Cash Distribution Ordinary Taxable Return of Capital Gain Section 1250 Capital Gain Section 199A Date Date Per Share Dividend Capital (20% rate) (25% rate) Divid
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Essex Property Trust (ESS) announces the planned succession for the COO and CFO.John Burkart will retire as the senior executive VP and COO effective December 31, 2020 and remain thereafter for one year as a strategic advisor to the company to facilitate an orderly transition.The BOD has promoted Angela Kleiman, 50, to succeed John...