Is Essex Property Trust Inc (ESS) overvalued? · P/E 31, rev $1.77B
Essex Property Trust Inc (ESS) is a reit - residential company listed on NYSE.
This page asks whether Essex Property Trust Inc (ESS) looks expensive on cached numbers — not a short thesis.
Latest reported ESS revenue for 2024-12-31 was $1.77B. Net income was $811.3M. Revenue was up 6.3% from 2023-12-31 to 2024-12-31. ESS currently screens at market cap $18.91B and trailing P/E 30.9.
ESS currently screens at market cap $18.91B and trailing P/E 30.9. A high multiple can be growth prepaid or a bubble. The filing has to explain the gap.
If the next ESS 8-K cuts growth or raises capex, this “expensive” read gets worse. Until then the SEC page is the source.
Not investment advice. Use the ESS stock page for the full model, not this heading.
Not investment advice.