Essex Property Trust (ESS): A Model of Stability in the Dividend Champions Universe

Essex Property Trust, Inc. (NYSE:ESS) is included among the Best Dividend Stocks for a Dividend Champions List.

Essex Property Trust (ESS): A Model of Stability in the Dividend Champions Universe

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Essex Property Trust, Inc. (NYSE:ESS) is a California-based REIT that has made its name by sticking to coastal markets where demand for housing rarely lets up. That focus has worked in its favor, with rent growth consistently coming in above the national average. The company also keeps its finances on the conservative side, which means it can steadily grow its apartment portfolio without putting its dividend at risk.

Essex Property Trust, Inc. (NYSE:ESS) doesn’t rely on one path for growth. It buys communities through joint ventures, makes preferred equity investments that throw off dependable income, and also funds new development projects. The combination has helped the REIT build cash flow year after year, giving it the room to keep raising its dividend on a consistent basis.

Essex Property Trust, Inc. (NYSE:ESS) has been growing its dividends consistently since it went public in 1994. Its quarterly dividend comes in at $2.57 per share for a dividend yield of 3.9%, as of October 2.

While we acknowledge the potential of ESS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ESS and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.