
ESS Stock Forecast & Price Target
ESS Analyst Ratings
Bulls say
Essex Property Trust is projected to achieve 3.6% year-over-year same-store revenue growth in 2026, along with a favorable 3.8% growth in same-store net operating income (SSNOI) driven by a modest 3.2% increase in expenses. The company's focus on high-quality properties in prime West Coast markets positions it well to capitalize on potential demand increases, especially due to factors such as an AI-driven employment surge in Northern California and the recovery from recent wildfires in Southern California. Furthermore, Essex is expected to see normalized funds from operations (FFO) growth of 2.7% in 2025, followed by an increase to 3.6% in the subsequent year, underscoring a positive trajectory in its financial performance.
Bears say
The financial analysis indicates a negative outlook for Essex Property Trust due to soft employment trends in California, which could reduce demand for its apartment units. Additionally, the company's stock is trading at the narrowest discount to NAV among its peers, alongside the lowest implied cap rate and above-average FFO and FAD multiples, suggesting potential overvaluation. Furthermore, the slight reduction in the 2026 FFO estimate points to concerns about future earnings stability, especially if current labor market challenges persist and residents migrate to more affordable areas.
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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