
ESS Stock Forecast & Price Target
ESS Analyst Ratings
Bulls say
Essex Property Trust is projected to achieve a 2.6% year-over-year same-store revenue growth in 2026, coupled with a manageable 3.6% expense growth, resulting in a 2.1% growth in same-store net operating income (SSNOI). Additionally, the company's focus on high-quality properties in burgeoning West Coast markets, such as traditional strength in Northern California and potential recovery in Southern California post-wildfires, suggests enhanced demand dynamics that could benefit future revenue growth. The overall resilience evidenced by the anticipated 3.3% year-over-year revenue growth for 2025, outpacing several competitors, reinforces a solid long-term outlook for Essex Property Trust.
Bears say
Essex Property Trust's outlook is negatively impacted by soft employment trends in California, which may reduce demand for its high-quality apartment properties. The stock currently trades at the narrowest discount to net asset value (NAV) among its peers, coupled with the lowest implied cap rate and elevated funds from operations (FFO) and funds available for distribution (FAD) multiples, indicating potential overvaluation. Furthermore, the possibility of residents relocating to more affordable markets, combined with ongoing labor force challenges, poses additional risks to the company's performance.
This aggregate rating is based on analysts' research of Essex Property Trust and is not a guaranteed prediction by Public.com or investment advice.
ESS Analyst Forecast & Price Prediction
Start investing in ESS
Order type
Buy in
Order amount
Est. shares
0 shares