
ESS Stock Forecast & Price Target
ESS Analyst Ratings
Bulls say
Essex Property Trust is poised for continued growth, as the company has seen an increase in core funds from operations (FFO) per share estimates for 2025 and 2026, driven by improved revenue expectations. The company reported a seasonal bounce-back in demand, with occupancy rising to 96.3% and new lease rates experiencing improvement, particularly in Northern California, which is projected to outperform in the near future. Additionally, the West Coast markets, known for their strong wage growth, are expected to stabilize despite some anticipated competitive conditions, indicating a favorable outlook for Essex's portfolio.
Bears say
Essex Property Trust has provided guidance for 2025 core funds from operations (FFO) per share ranging from $15.56 to $16.06, indicating a 1.3% decline compared to prior consensus estimates. The company anticipates market rent growth of approximately 2%, which is expected to lag behind the portfolio average, exacerbating revenue challenges. Additionally, persistent work-from-home trends in key markets like San Francisco pose risks to rent and occupancy levels, potentially leading to a long-term impairment in tenant demand and overall financial performance.
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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