
ESS Stock Forecast & Price Target
ESS Analyst Ratings
Bulls say
Essex Property Trust's outlook remains positive due to an increase in 2025/2026 core FFO per share estimates, driven by higher revenue assumptions that more than compensate for increased operating expenses. The company reported a strong occupancy rate of 96.3% in January, indicative of seasonal demand recovery, with notable strength in Northern California influencing new lease rates. Additionally, positive market fundamentals are emerging, characterized by rising tech job postings and office leasing activity, which are projected to support further recovery and outperformance in the northern region in 2025.
Bears say
Essex Property Trust has guided to a core FFO per share for 2025 that is approximately 1.3% below prior consensus estimates, suggesting underlying financial weakness relative to market expectations. The company anticipates market rent growth of only around 2%, which is expected to lag its overall portfolio average, indicating potential challenges in revenue generation. Additionally, persistent work-from-home trends in key markets such as San Francisco could lead to long-term impairments in rent and occupancy, further exacerbating the company's financial outlook.
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
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