Is it safe?
Can ESS take a bad year?
Essex Property Trust carries $6.80B of net debt at 4.83× EBITDA: a heavy load to carry through a bad year.
$6.80B
Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 4.83×
Net debt / EBITDA · 4.74× a year ago · the load is going up
- Interest cover
- 3.05×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 23%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ1 2026
- $6.84B
- Cash and short-term investments
- $38M
- Net debt
- $6.80B
- EBITDA, trailing twelve months
- $1.41B
- Operating profit, trailing twelve months
- $797M
- Debt / equity
- 1.26×
- Total debt / EBITDA
- 4.85×
- Annualised volatilitytwo years of daily moves
- 23%
- Worst drawdown on file
- −45%
- Below its 52-week high
- −4.1%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.