
ESS Stock Forecast & Price Target
ESS Analyst Ratings
Bulls say
Essex Property Trust is projected to experience a year-over-year same-store revenue growth of 3.6% in 2026, while expense growth is anticipated at 3.2%, leading to a solid 3.8% growth in same-store net operating income (SSNOI). Furthermore, the company is expected to achieve normalized funds from operations (FFO) growth of 2.7% in 2025, followed by a more robust projected growth rate of 3.6% in 2026. Additionally, potential upside risks, such as increased apartment demand driven by employment growth in Northern California and recovering demand in Southern California, may further bolster the outlook for Essex Property Trust.
Bears say
Essex Property Trust faces a negative outlook primarily due to soft employment trends in California, which may diminish demand for its apartment units. The stock is trading at the narrowest discount to net asset value (NAV) within its coverage universe, coupled with the lowest implied cap rate and above-average funds from operations (FFO) and funds available for distribution (FAD) multiples, suggesting valuation concerns. Furthermore, the company's FFO estimate for 2026 has been slightly lowered, reflecting potential headwinds if labor trends do not improve or if residents opt for more affordable housing alternatives due to remote work options.
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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