Essex Property Trust (ESS) Stock Buyback History
TTM buyback yield 0.37% · Shareholder yield (TTM) 0.37%.
TTM buyback yield
0.37%
Shareholder yield (TTM)
0.37%
5Y share count change
-1.7%
TTM buyback spend
$58.05M
SBC coverage (TTM)
5.33x
YoY change in spend
+2641.2%
5Y CAGR of spend
-50.4%
Peak year (2020)
$269.61M
Cumulative spend
$1.18B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Essex Property Trust (ESS) repurchased about $58.05M of stock over the trailing twelve months.
- Diluted share count is down 1.7% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 5.33× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at -50.4% per year over the latest 5-year window.
- TTM repurchases used about 19% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $8.11M | $10.20M | −$2.09M | 0.06B | 0.3% | 0.05% |
| 2024 | $296.00K | $7.16M | −$6.86M | 0.06B | -0.0% | 0.00% |
| 2023 | $96.00M | $8.03M | $87.97M | 0.06B | -1.3% | 0.60% |
| 2022 | $190.04M | $7.21M | $182.83M | 0.07B | 0.0% | 1.39% |
| 2021 | $9.63M | $7.31M | $2.32M | 0.07B | -0.7% | 0.04% |
| 2020 | $269.61M | $8.16M | $261.45M | 0.07B | -0.6% | 1.74% |
| 2019 | $56.99M | $7.01M | $49.98M | 0.07B | -0.2% | 0.29% |
| 2018 | $52.15M | $7.13M | $45.02M | 0.07B | 0.3% | 0.32% |
| 2017 | $0.00 | $9.29M | −$9.29M | 0.07B | 0.5% | — |
| 2016 | $75.18M | $10.90M | $64.28M | 0.07B | 0.8% | 0.49% |
| 2015 | $0.00 | $6.06M | −$6.06M | 0.07B | 14.8% | — |
| 2014 | $0.00 | $8.74M | −$8.74M | 0.06B | 51.9% | — |
| 2013 | $0.00 | $4.51M | −$4.51M | 0.04B | -0.1% | — |
| 2012 | $0.00 | $4.14M | −$4.14M | 0.04B | 14.6% | — |
| 2011 | $103.80M | $2.93M | $100.87M | 0.03B | 10.2% | 2.21% |
| 2010 | $0.00 | $3.25M | −$3.25M | 0.03B | -0.4% | — |
| 2009 | $111.97M | $3.41M | $108.56M | 0.03B | 17.2% | 4.45% |
| 2008 | $23.79M | $0.00 | $23.79M | 0.03B | 1.2% | 1.25% |
| 2007 | $32.64M | $0.00 | $32.64M | 0.03B | 6.6% | 1.34% |
| 2006 | $0.00 | $0.00 | $0.00 | 0.02B | 0.7% | — |
| 2005 | $25.00M | $0.00 | $25.00M | 0.02B | 1.0% | 1.18% |
| 2004 | $62.08M | $0.00 | $62.08M | 0.02B | 6.8% | 3.23% |
| 2003 | $25.77M | $0.00 | $25.77M | 0.02B | 15.8% | 1.90% |
| 2002 | $20.02M | $0.00 | $20.02M | 0.02B | -10.8% | 2.15% |
| 2001 | $7.47M | $0.00 | $7.47M | 0.02B | 12.2% | 0.82% |
| 2000 | $0.00 | $0.00 | $0.00 | 0.02B | 1.2% | — |
| 1999 | $7.10M | $0.00 | $7.10M | 0.02B | 10.0% | — |
| 1998 | $0.00 | $0.00 | $0.00 | 0.02B | 10.0% | — |
| 1997 | $0.00 | $0.00 | $0.00 | 0.02B | 108.0% | — |
| 1996 | $0.00 | $0.00 | $0.00 | 0.01B | — | — |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Essex Property Trust (ESS) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Essex Property Trust (ESS)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Essex Property Trust (ESS)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $8.11M | +2641.2% | +$7.82M | ||
| 2024 | $296,000 | -99.7% | -$95.71M | ||
| 2023 | $96.00M | -49.5% | -$94.04M | ||
| 2022 | $190.04M | +1874.0% | +$180.41M | ||
| 2021 | $9.63M | -96.4% | -$259.98M | ||
| 2020 | $269.61M | +373.1% | +$212.62M | ||
| 2019 | $56.99M | +9.3% | +$4.84M | ||
| 2018 | $52.15M | — | +$52.15M | ||
| 2017 | $0 | -100.0% | -$75.18M | ||
| 2016 | $75.18M | — | +$75.18M | ||
| 2015 | $0 | — | $0 | ||
| 2014 | $0 | — | $0 | ||
| 2013 | $0 | — | $0 | ||
| 2012 | $0 | -100.0% | -$103.80M | ||
| 2011 | $103.80M | — | +$103.80M | ||
| 2010 | $0 | -100.0% | -$111.97M | ||
| 2009 | $111.97M | +370.7% | +$88.19M | ||
| 2008 | $23.79M | -27.1% | -$8.86M | ||
| 2007 | $32.64M | — | +$32.64M | ||
| 2006 | $0 | -100.0% | -$25.00M | ||
| 2005 | $25.00M | -59.7% | -$37.08M | ||
| 2004 | $62.08M | +140.9% | +$36.31M | ||
| 2003 | $25.77M | +28.7% | +$5.75M | ||
| 2002 | $20.02M | +168.0% | +$12.55M | ||
| 2001 | $7.47M | — | +$7.47M | ||
| 2000 | $0 | -100.0% | -$7.10M | ||
| 1999 | $7.10M | — | +$7.10M | ||
| 1998 | $0 | — | $0 | ||
| 1997 | $0 | — | $0 | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | — | — |
The 2025 reading of Essex Property Trust (ESS) buyback spend is $8.11M – surged 2641.2% year-over-year.
Across 2020–2025 (5 years), Essex Property Trust buyback spend produced a CAGR of -50.4% – with a net decline across the window.
Between 2020 and 2025, Essex Property Trust buyback spend plunged 97.0%, falling from $269.61M to $8.11M.
The dataset's maximum buyback spend sits at $269.61M (2020); the minimum reading of $0 dates to 1994.
Essex Property Trust (ESS) sits 3rd of 8 Real Estate peers we track on this metric, against a peer median of $0.
Essex Property Trust Buyback Spend 2025: $8.11M
Essex Property Trust buyback spend in 2025 was $8.11M, surged 2641.2% from 2024.
Essex Property Trust Buyback Spend 2024: $296,000
Essex Property Trust buyback spend in 2024 was $296,000, plunged 99.7% below 2023.
Essex Property Trust Buyback Spend 2023: $96.00M
Essex Property Trust buyback spend in 2023 was $96.00M, plunged 49.5% below 2022.
Essex Property Trust Buyback Spend 2022: $190.04M
Essex Property Trust buyback spend in 2022 was $190.04M, surged 1874.0% from 2021.
Essex Property Trust Buyback Spend 2021: $9.63M
Essex Property Trust buyback spend in 2021 was $9.63M.
See more financial history for Essex Property Trust (ESS).
Sector peers by buyback spend
Companies in the same sector as Essex Property Trust, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| American Tower (AMT) | $364.60M | Real Estate |
| Simon Property Group (SPG) | $227.15M | Real Estate |
| Welltower (WELL) | $0 | Real Estate |
| Prologis (PLD) | $0 | Real Estate |
| Equinix (EQIX) | $0 | Real Estate |
| Digital Realty Trust (DLR) | $0 | Real Estate |
| Realty Income (O) | $0 | Real Estate |
| Public Storage (PSA) | $0 | Real Estate |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 5.33×.
Capital allocation mix
How Essex Property Trust splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $302.21M (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Essex Property Trust's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Essex Property Trust buy back its own stock?
Yes, Essex Property Trust (ESS) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Essex Property Trust spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $58.05M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Essex Property Trust's buyback yield?
TTM buyback yield is about 0.37% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Essex Property Trust's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 0.37% combined (TTM-based where available).
Is Essex Property Trust diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Essex Property Trust's share count changed?
Diluted weighted average shares changed by about -1.7% over roughly five fiscal years (annual income statement data).
What is Essex Property Trust's buyback spend?
Latest reported buyback spend for Essex Property Trust (ESS) is $58.05M (period ending March 31, 2026).
How has Essex Property Trust buyback spend changed year-over-year?
Essex Property Trust (ESS) buyback spend changed +2641.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Essex Property Trust buyback spend?
Essex Property Trust (ESS) buyback spend compound annual growth rate is -50.4% over the most recent 5 years available.
When did Essex Property Trust buyback spend hit its highest annual value?
Essex Property Trust buyback spend reached its highest annual value of $269.61M in 2020.
What was Essex Property Trust buyback spend in 2024?
Essex Property Trust (ESS) buyback spend in 2024 was $296,000.
What was Essex Property Trust buyback spend in 2025?
Essex Property Trust (ESS) buyback spend in 2025 was $8.11M.
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