AllAnalyst Report
logoMorningstarJune 02, 2021

Essex Property Trust, Inc.: First-Quarter Drop in Apartment Fundamentals In Line With Our Expectations for Essex

Symbols
ESS
Sector(s)
Real Estate
Rating
Current Price
$327.65
Fair Value
Economic Moat
Stewardship
Summary

Essex Property Trust owns a portfolio of 250 apartment communities with over 60,000 units and is developing four additional properties with 955 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.

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Analyst Profile

Kevin Brown

Equity Analyst
Kevin Brown is an equity analyst on the finance team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers apartment, healthcare, and hotel REITs and real estate service companies in the United States.Before joining Morningstar in 2018, Brown worked at an asset-management company focused on global real estate, spending nine years covering healthcare and hotel REITs.Brown holds a bachelor’s degree in economics from Dartmouth College. He also holds the Chartered Financial Analyst® designation.