
ESS Stock Forecast & Price Target
ESS Analyst Ratings
Bulls say
Essex Property Trust is projected to experience a 3.6% year-over-year same-store revenue growth in 2026, alongside a more modest 3.2% expense growth, leading to a 3.8% increase in same-store net operating income (SSNOI). The company's portfolio spans 257 high-quality apartment communities across key urban and suburban markets on the West Coast, positioning it favorably for strong demand driven by factors such as AI-related employment growth and recovery from recent regional challenges. Additionally, forecasted normalized funds from operations (FFO) growth of 2.7% in 2025, followed by an acceleration to 3.6% in 2026, further underscores a positive financial trajectory for Essex Property Trust.
Bears say
Essex Property Trust faces a negative outlook due to soft employment trends in California, which could diminish demand for its apartment communities. The company’s stock is trading at the narrowest discount to net asset value (NAV) within its coverage universe and exhibits the lowest implied capitalization rate along with above-average funds from operations (FFO) and funds available for distribution (FAD) multiples. Additionally, a slight reduction in the 2026 FFO estimate indicates potential earnings pressures, particularly if labor market conditions do not improve and residents opt for more affordable housing options in other markets.
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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