Essex Property Trust, Inc. — Earnings Quality Grade F
ESS · Real Estate
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 2 days, change +0 days YoY
AR growth 11.1% exceeds revenue growth 6.4%
Revenue 6.4%, CFFO 0.6%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 2.9% vs revenue 6.4%. Normal
SG&A/Gross Profit = 5.6%, excellent (<30%)
Gross margin 67.8%, change -0.3pp. Stable
Cash Flow Quality
CFFO/NI = 1.60. Profits backed by cash
FCF $0.9B, FCF/NI = 1.39
Accruals ratio = -3.1%. Low accruals
Cash $0.2B covers only 3% of debt $6.9B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 4.4x (>4x). Financial stress
Other assets -6.4% vs revenue 6.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -2.47 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score — Not Applicable
Essex Property Trust, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09