Essex Property Trust, Inc. vs MPLX LP — how do they compare? Essex Property Trust, Inc. trades at $282.11 (market cap $18.15B), while MPLX LP trades at $59.35 (market cap $60.12B). The key difference: MPLX LP is far larger — about 3.3× Essex Property Trust, Inc.'s market cap, and MPLX LP pays the higher dividend (7.26%). Which is the better fit depends on your goals.
| ESS | MPLX | |
|---|---|---|
Market Cap | $18.15B | $60.12B |
Sector | Real Estate | Technology |
52-Week High | $298.33 | $60.51 |
52-Week Low | $239.61 | $47.80 |
Enterprise Value | $24.75B | $85.22B |
Dividend Yield | 3.93% | 7.26% |
Trailing returns across standard periods
Latest headlines on both assets
Essex Property Trust owns a portfolio of 253 apartment communities with over 62,000 units and is developing three additional properties with 571 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
Read more on ESS →MPLX LP is a Master Limited Partnership (MLP) formed by Marathon Petroleum Corporation (MPC). It is a diversified, growth-oriented company primarily engaged in the gathering, processing, and transportation of natural gas and natural gas liquids (NGLs), as well as the transportation, storage, and distribution of crude oil and refined petroleum products. MPLX owns and operates a network of midstream energy infrastructure assets, providing essential services to the energy industry across the United States.
Read more on MPLX →