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Essex Property Trust: High-Quality REIT With A Growing Dividend
ESSEssex Property Trust(ESS) Seeking Alpha·2024-08-13 13:30

Chalirmpoj Pimpisarn Essex Property Trust Inc. (NYSE:ESS) is a real estate investment trust that owns and operates a portfolio of US West Coast multi-family properties. Founded in 1971, the company is now an $18 billion (by market cap) real estate giant that employs roughly 1,700 people. Essex Property Trust focuses on three different supply-constrained markets across the US West Coast: Southern California, 42% of NOI; Northern California, 40%; and Seattle, 18%. The company's property portfolio consists of ...