Essex Property Trust, Inc. ESS NYSE

Essex Property Trust, Inc. (ESS) reported moderate year-over-year revenue growth of +6.4% through 2025-12 (TTM revenue vs prior-year TTM). Net income showed earnings decline of -9.3% YoY, reaching $83M in the latest quarter. The net profit margin is 17.4%, which is high. The company has maintained profitability in all 4 quarters. The gross margin is 73.2% (high), up 30.2pp vs the prior year. With a $16B market cap, MOAT composite score of 80/100 (strong competitive position).

Criteria proven by this page:

• GROWTH (83/100, Partial) — growth is present but not consistently above 5% across both metrics
• PAST (100/100, Pass) — proving consistent earnings. Looking at the full 32-year annual history, the company was profitable in 32 of 32 years — a perfect long-term track record
• INCOME (100/100, Pass) — proves strong profitability and pricing power
• MOAT (80/100, Pass) — strong gross margins and market scale prove a durable competitive advantage

Overall SharesGrow Score: 73/100 with 4/7 criteria passed.