Essex Property Trust stock heads toward October 27 results
Published on 10/04/2026 at 20:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Essex Property Trust stock (ISIN US2971781057) was last at USD 268.65 on the NYSE on October 2, 2026 at 4:00 p.m. ET, down 0.32 percent for the session. MarketBeat lists Essex's third-quarter results for October 27, 2026, giving the next major test for its revised outlook.
Guidance rose despite softer GAAP EPS
Essex reported second-quarter 2026 revenue of USD 489.05 million, up 4.1 percent from the year-earlier period, while Core FFO increased 1.2 percent to USD 4.08 per diluted share, according to Zacks in its September 4, 2026 report.
The same quarter produced GAAP diluted EPS of USD 0.97, compared with USD 3.44 a year earlier, while same-property revenue grew 2.7 percent and same-property NOI rose 2.6 percent. The contrast matters because the recurring REIT measure improved even as the GAAP result was pressured by non-operating items, according to StockTitan.
Full-year Core FFO midpoint reached USD 16.14
Essex raised its full-year 2026 Core FFO guidance to USD 16.03-16.25 per diluted share from USD 15.69-16.19. The new midpoint of USD 16.14 is USD 0.20 higher than the previous midpoint, a 1.3 percent increase, while portfolio financial occupancy stood at 96.3 percent in the second quarter.
Management's third-quarter Core FFO guidance is USD 3.93-4.05 per diluted share, with a midpoint of USD 3.99. That is USD 0.09 below the second-quarter result of USD 4.08, making the October report important for judging whether the higher full-year outlook is holding through seasonal pressure.
Consensus target remains above the share price
The analyst consensus is Outperform from 26 analysts, with an average target price of USD 304.23, according to MarketScreener. The target lies 13.2 percent above the October 2 price of USD 268.65.
Scotiabank kept its Sector Outperform rating on September 17, 2026, while lowering its price target from USD 307 to USD 293, as MarketScreener reported. The move shows that the consensus remains constructive while individual analysts have moderated valuation assumptions.
West Coast markets set the operating test
Essex owns interests in 258 apartment communities containing more than 62,000 apartment homes, with an additional property in active development, according to Business Wire. The portfolio is concentrated in Southern California, Northern California and the Seattle metropolitan area.
That geographic mix also creates uneven operating signals. Yahoo Finance reported that Southern California same-property revenue growth was 1.5 percent in the second quarter, while Seattle NOI declined 2.7 percent as operating expenses rose 14.2 percent, leaving regional execution as a key counterweight to the higher Core FFO outlook.
Stock remains below its yearly high
Essex Property Trust stock was last at USD 268.65 on the NYSE on October 2, 2026 at 4:00 p.m. ET, with a market capitalization of USD 17.3 billion and volume of 462,579 shares. The price was 11.4 percent below the 52-week high of USD 303.35 and above the 52-week low of USD 238.46.
Essex Property Trust stock facts
- Company: Essex Property Trust, Inc.
- ISIN: US2971781057
- Ticker: ESS
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 268.65
- Market capitalization: USD 17.3 billion (as of October 2, 2026)
- 52-week range: USD 238.46-303.35 (as of October 2, 2026)
- Sector / Industry: Real Estate / Residential REIT
- Index membership: S&P 500
Upcoming dates for Essex Property Trust stock
- October 27, 2026: Third-quarter 2026 results
- October 29, 2026: Third-quarter 2026 earnings conference call
