
ESS Stock Forecast & Price Target
ESS Analyst Ratings
Bulls say
Essex Property Trust's outlook is bolstered by an increase in core FFO per share estimates for 2025 and 2026, driven by slightly higher revenue assumptions that exceed rising operational expenses and preferred redemptions. The return of demand in January, marked by a 40 basis point rise in occupancy to 96.3% and improved lease rates, particularly in Northern California, underscores the company's strong market position. Additionally, the anticipated overall improvement in the Northern region, supported by robust tech job growth and office leasing activity, further reinforces a positive trajectory for the company's performance in 2025.
Bears say
Essex Property Trust has guided to a core Funds From Operations (FFO) per share of $15.56-$16.06 for 2025, which is approximately 1.3% below previous consensus estimates. The company's expectations for market rent growth are projected at around 2%, potentially trailing the average for its portfolio, indicating sluggish performance in rental income. Additionally, the persistent work-from-home trend, particularly affecting its key markets like San Francisco, poses risks to future rent and occupancy levels, suggesting that the company may face longer-term challenges in recovery and stabilization.
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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