Aureus
BGood

Essex Property Trust, Inc.(ESS)

B

Financial data as of Dec 31, 2024Stable · Real Estate

FCF Margin52.5%Free Cash Flow / Revenue
Cash Conversion144.1%Operating CF / Net Income
Free Cash Flow$931.9M
Revenue$1.8B
Net Cash-$6.6BNet debt position
Debt / FCF7.1xElevated debt burden
Current Ratio0.66Tight short-term liquidity
YoY FCF Growth+9.5%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-1High debt-to-FCF ratio (7.1x)
→
+0.5Healthy FCF margin with manageable debt (52.5%, 7.1x)
→
-1Current ratio below 1.0 (0.66)
→
+0.5Highly consistent quarterly FCF
→
FinalB

Analysis Summary

Strengths

  • Exceptional FCF margin (52.5%)
  • Excellent cash conversion (144%)
  • Highly consistent quarterly FCF

Concerns

  • Heavy debt position ($6.6B)
  • High debt-to-FCF ratio (7.1x)
  • Current ratio below 1.0 — tight short-term liquidity

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin52.5%
Net Margin41.8%
Operating CF Margin60.2%
CapEx Ratio7.7%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$6.6BNet debt position
Debt / FCF7.1xElevated debt burden
Current Ratio0.66Tight liquidity
Debt / Equity1.20Moderate leverage

Quarterly FCF Trend

+9.5% YoYStable (+9.5%)

Free cash flow per quarter

Sector Comparison — Real Estate

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameEssex Property Trust, Inc.
SectorReal Estate
Free Cash Flow$931.9M
Revenue$1.8B
Net Income$741.5M
Operating Cash Flow$1.1B
Capital Expenditure$136.4M
FCF Margin52.5%
Cash Conversion Rate144.1%
Net Margin41.8%
Total Debt$6.7B
Total Cash$66.8M
Net Cash-$6.6B
Current Ratio0.66
Debt / Equity1.20
Debt / FCF7.1x
YoY FCF Growth+9.5%
Positive Quarters5 of 5
Trend DirectionStable
Report DateDec 31, 2024
GradeB
Data SourceYahoo Finance

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