Essex Property: While Everyone Is Bearish On California, I'm Buying

Impact · against what's priced in

ESS is viewed as a value play leveraging structural rental demand and a widening affordability gap on the West Coast. The potential 27% upside depends on a valuation re-rating and a lower yield, supported by a baseline 4% dividend.

ESS+0.60

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In context

The potential 27% upside is driven by robust leasing spreads and a widening affordability gap, combined with a 4% dividend yield that provides a floor for valuation.

Read from the article alone

• dividends
• ESS
• apartments
• real estate
• reit
• rental demand
• west coast

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