Essex Property Trust (ESS) Operating Margin (2009 - 2026)
Essex Property Trust (ESS) recorded Operating Margin of 31.82% in Q3 2026, down 12.64 percentage points from 44.45% a year earlier but up 9.45 percentage points from the prior quarter.
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Analysis
Essex Property Trust (ESS) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Essex Property Trust's Operating Margin came in at 29.47% as of Sep 30, 2026, down 27.01 percentage points year-over-year; for FY2025, it came in at 47.65%, up 8.03 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +14.79 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 39.62% in FY2024 (+4.62 pp), 35.00% in FY2023 (-2.04 pp), 37.04% in FY2022 (+0.25 pp) and 36.79% in FY2021 (+3.94 pp).
- Quarterly Operating Margin has ranged from 22.36% in Q2 2026 to 67.00% in Q4 2024 over the past five years.
- On a year-over-year basis, Operating Margin has declined for four consecutive quarters, with an average year-over-year change of -0.45 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 36.10 percentage points in Q4 2024, against a drop of 37.17 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 22.36% (Q2 2026), 32.01% (Q1 2026) and 31.72% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 176.94 Bn | 162.96 Bn | 1.47 Bn | 9.10% |
| 2 | Prologis | 122.03 Bn | 115.99 Bn | - | 43.76% |
| 3 | Simon Property | 74.72 Bn | 70.78 Bn | - | 46.02% |
| 4 | Public Storage | 61.00 Bn | 59.72 Bn | - | 23.20% |
| 5 | Realty Income | 55.78 Bn | 54.05 Bn | - | - |
| 6 | Ventas | 45.39 Bn | 44.06 Bn | - | - |
| 7 | Extra Space Storage | 33.09 Bn | 32.00 Bn | 650.96 Mn | 44.04% |
| 8 | Vici Properties | 27.35 Bn | 25.70 Bn | 1.06 Bn | 52.20% |
| 9 | Vivmark Residential | 24.46 Bn | 24.24 Bn | - | - |
| 10 | Essex Property Trust | 17.61 Bn | 17.36 Bn | - | 31.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 31.82% |
| Jun 30, 2026 | 22.36% |
| Mar 31, 2026 | 32.01% |
| Dec 31, 2025 | 31.72% |
| Sep 30, 2025 | 44.45% |
| Jun 30, 2025 | 59.53% |
| Mar 31, 2025 | 55.34% |
| Dec 31, 2024 | 67.00% |
| Sep 30, 2024 | 28.58% |
| Jun 30, 2024 | 31.07% |
| Mar 31, 2024 | 31.00% |
| Dec 31, 2023 | 30.90% |
| Sep 30, 2023 | 31.44% |
| Jun 30, 2023 | 32.41% |
| Mar 31, 2023 | 45.44% |
| Dec 31, 2022 | 54.95% |
| Sep 30, 2022 | 31.39% |
| Jun 30, 2022 | 32.16% |
| Mar 31, 2022 | 28.76% |
| Dec 31, 2021 | 27.25% |
API Access
Essex Property Trust Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=ESS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ESS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=ESS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();