Essex Property Trust (ESS) Stock Forecast, Price Target & Predictions
ESS Stock Forecast
Essex Property Trust stock forecast is as follows: an average price target of $298.00 (represents a 6.20% upside from ESS’s last price of $280.61) and a rating consensus of 'Buy', based on 19 wall street analysts offering a 1-year stock forecast.
ESS Price Target
The average price target for Essex Property Trust (ESS) is $298.00 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $381.00 to $208.00. This represents a potential 6.20% upside from ESS's last price of $280.61.
ESS Analyst Ratings
According to 19 Wall Street analysts, Essex Property Trust's rating consensus is 'Buy'. The analyst rating breakdown for ESS stock is 0 'Strong Buy' (0.00%), 10 'Buy' (52.63%), 8 'Hold' (42.11%), 1 'Sell' (5.26%), and 0 'Strong Sell' (0.00%).
Essex Property Trust Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 24, 2024 | Joshua Dennerlein | Bank of America Securities | $321.00 | $309.65 | 3.67% | 14.39% |
| Sep 04, 2024 | Julien Blouin | Goldman Sachs | $318.00 | $302.69 | 5.06% | 13.32% |
| Aug 26, 2024 | Mike Lewis | Truist Financial | $294.00 | $294.62 | -0.21% | 4.77% |
| Aug 26, 2024 | Alexander Goldfarb | Piper Sandler | $355.00 | $296.09 | 19.90% | 26.51% |
| Jun 28, 2024 | Alexander Goldfarb | Piper Sandler | $315.00 | $273.38 | 15.22% | 12.26% |
| Jun 14, 2024 | Nicholas Yulico | Scotiabank | $285.00 | $277.19 | 2.82% | 1.56% |
| May 30, 2024 | Robert Stevenson | Mizuho Securities | $266.00 | $252.91 | 5.18% | -5.21% |
| May 28, 2024 | Amanda Sweitzer | Robert W. Baird | $264.00 | $259.40 | 1.77% | -5.92% |
| May 14, 2024 | Adam Kramer | Morgan Stanley | $250.00 | $260.56 | -4.05% | -10.91% |
| Apr 09, 2024 | Michael Lewis | Truist Financial | $255.00 | $243.50 | 4.72% | -9.13% |
The latest Essex Property Trust stock forecast, released on Sep 24, 2024 by Joshua Dennerlein from Bank of America Securities, set a price target of $321.00, which represents a 3.67% increase from the stock price at the time of the forecast ($309.65), and a 14.39% increase from ESS last price ($280.61).
Essex Property Trust Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 4 | 13 |
| Avg Price Target | - | $322.00 | $284.38 |
| Last Closing Price | $280.61 | $280.61 | $280.61 |
| Upside/Downside | -100.00% | 14.75% | 1.34% |
In the current month, the average price target of Essex Property Trust stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Essex Property Trust's last price of $280.61. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | Raymond James | Outperform | Market Perform | Downgrade |
| Oct 01, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Sep 24, 2024 | Bank of America Securities | Buy | Neutral | Downgrade |
| Sep 16, 2024 | Evercore ISI | Positive | Positive | Hold |
| Sep 16, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Sep 11, 2024 | Exane BNP Paribas | - | Outperform | Initialise |
| Sep 10, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Sep 05, 2024 | Zelman | - | Neutral | Initialise |
| Sep 04, 2024 | Goldman Sachs | Buy | Neutral | Initialise |
| Aug 29, 2024 | Raymond James | Outperform | Outperform | Hold |
Essex Property Trust's last stock rating was published by Raymond James on Oct 21, 2024. The company Downgrade its ESS rating from "Outperform" to "Market Perform".
Essex Property Trust Financial Forecast
Essex Property Trust Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $421.75M | $419.18M | $416.04M | $412.42M | $415.18M | $409.75M | $399.98M | $381.90M | $371.60M | $362.86M | $350.98M | $355.13M | $362.07M | $370.81M | $370.50M | $392.37M | $375.37M | $366.93M |
| Avg Forecast | $478.50M | $477.30M | $470.20M | $464.40M | $462.19M | $459.76M | $455.24M | $448.24M | $446.83M | $443.45M | $430.68M | $420.21M | $418.65M | $416.84M | $412.25M | $410.29M | $412.33M | $405.49M | $390.87M | $374.80M | $368.16M | $355.35M | $349.50M | $356.21M | $366.10M | $367.30M | $382.24M | $382.46M | $371.27M | $363.56M |
| High Forecast | $493.16M | $491.93M | $484.61M | $478.63M | $476.35M | $473.85M | $469.19M | $456.79M | $457.38M | $446.21M | $431.14M | $420.21M | $423.29M | $437.87M | $424.88M | $422.86M | $424.96M | $405.49M | $390.87M | $374.80M | $368.16M | $355.35M | $349.50M | $356.21M | $366.10M | $367.30M | $382.24M | $382.46M | $371.27M | $363.56M |
| Low Forecast | $464.51M | $463.34M | $456.45M | $450.82M | $448.67M | $446.32M | $441.93M | $440.16M | $434.88M | $440.68M | $430.22M | $420.21M | $416.20M | $413.07M | $400.19M | $398.29M | $400.27M | $405.49M | $390.87M | $374.80M | $368.16M | $355.35M | $349.50M | $356.21M | $366.10M | $367.30M | $382.24M | $382.46M | $371.27M | $363.56M |
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 13 | 7 | 9 | 9 | 10 | 15 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 9 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.02% | 1.02% | 1.01% | 1.02% | 1.00% | 1.00% | 0.99% | 1.01% | 0.97% | 1.03% | 1.01% | 1.01% |
Essex Property Trust's average Quarter revenue forecast for Mar 24 based on 9 analysts is $420.21M, with a low forecast of $420.21M, and a high forecast of $420.21M. ESS's average Quarter revenue forecast represents a -0.36% decrease compared to the company's last Quarter revenue of $421.75M (Dec 23).
Essex Property Trust EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 13 | 7 | 9 | 9 | 10 | 15 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 9 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $268.36M | $269.14M | $288.24M | $279.40M | $279.45M | $298.03M | $259.33M | $269.41M | $329.82M | $302.01M | $246.40M | $349.19M | $281.38M | $259.29M | $274.15M | $506.93M | $306.41M | $276.50M |
| Avg Forecast | $361.34M | $360.43M | $355.07M | $350.69M | $349.02M | $347.19M | $343.78M | $338.49M | $337.42M | $334.87M | $325.23M | $340.57M | $316.14M | $314.78M | $311.31M | $309.61M | $238.69M | $306.20M | $295.16M | $281.46M | $278.01M | $268.34M | $263.92M | $243.70M | $276.46M | $277.36M | $288.65M | $288.81M | $280.37M | $274.54M |
| High Forecast | $372.41M | $371.48M | $365.95M | $361.44M | $359.72M | $357.83M | $354.31M | $344.95M | $345.39M | $336.96M | $325.58M | $408.68M | $319.65M | $330.66M | $320.85M | $371.53M | $286.43M | $306.20M | $295.16M | $337.76M | $278.01M | $268.34M | $263.92M | $292.44M | $276.46M | $277.36M | $288.65M | $288.81M | $280.37M | $274.54M |
| Low Forecast | $350.77M | $349.89M | $344.69M | $340.44M | $338.81M | $337.04M | $333.72M | $332.39M | $328.40M | $332.78M | $324.88M | $272.46M | $314.30M | $311.93M | $302.21M | $247.69M | $190.95M | $306.20M | $295.16M | $225.17M | $278.01M | $268.34M | $263.92M | $194.96M | $276.46M | $277.36M | $288.65M | $288.81M | $280.37M | $274.54M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.85% | 0.86% | 0.93% | 0.90% | 1.17% | 0.97% | 0.88% | 0.96% | 1.19% | 1.13% | 0.93% | 1.43% | 1.02% | 0.93% | 0.95% | 1.76% | 1.09% | 1.01% |
9 analysts predict ESS's average Quarter EBITDA for Mar 24 to be $340.57M, with a high of $408.68M and a low of $272.46M. This is 26.91% upper than Essex Property Trust's previous annual EBITDA (Dec 23) of $268.36M.
Essex Property Trust Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 13 | 7 | 9 | 9 | 10 | 15 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 9 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-4.96M | $-5.73M | $99.62M | $153.53M | $185.16M | $92.84M | $57.05M | $73.25M | $144.13M | $118.39M | $64.85M | $168.44M | $95.75M | $73.66M | $84.46M | $315.01M | $128.82M | $99.33M |
| Avg Forecast | $109.56M | $108.78M | $104.55M | $100.30M | $99.30M | $97.42M | $97.12M | $90.72M | $87.86M | $86.73M | $85.45M | $95.23M | $93.33M | $90.96M | $87.16M | $86.57M | $99.86M | $88.50M | $86.56M | $78.70M | $69.16M | $65.25M | $56.36M | $117.56M | $65.24M | $72.13M | $71.43M | $362.99M | $90.67M | $89.18M |
| High Forecast | $113.93M | $113.11M | $108.71M | $104.30M | $103.25M | $101.30M | $100.99M | $91.88M | $88.76M | $87.01M | $85.88M | $114.28M | $94.07M | $92.89M | $90.63M | $103.89M | $119.83M | $91.91M | $86.56M | $94.44M | $69.16M | $65.25M | $56.36M | $141.07M | $65.24M | $72.13M | $71.43M | $435.58M | $90.67M | $89.18M |
| Low Forecast | $105.40M | $104.64M | $100.57M | $96.49M | $95.52M | $93.72M | $93.43M | $90.02M | $86.96M | $86.46M | $85.01M | $76.18M | $92.35M | $81.99M | $83.85M | $69.26M | $79.88M | $85.09M | $86.56M | $62.96M | $69.16M | $65.25M | $56.36M | $94.05M | $65.24M | $72.13M | $71.43M | $290.39M | $90.67M | $89.18M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.05% | -0.06% | 1.14% | 1.77% | 1.85% | 1.05% | 0.66% | 0.93% | 2.08% | 1.81% | 1.15% | 1.43% | 1.47% | 1.02% | 1.18% | 0.87% | 1.42% | 1.11% |
Essex Property Trust's average Quarter net income forecast for Sep 23 is $90.96M, with a range of $81.99M to $92.89M. ESS's average Quarter net income forecast represents a -8.69% decrease compared to the company's last Quarter net income of $99.62M (Jun 23).
Essex Property Trust SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 13 | 7 | 9 | 9 | 10 | 15 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 9 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $19.74M | $14.61M | $13.81M | $15.31M | $16.04M | $15.17M | $13.13M | $12.24M | $17.09M | $12.71M | $12.22M | $9.81M | $23.14M | $13.31M | $14.95M | $13.98M | $15.53M | $11.35M |
| Avg Forecast | $18.19M | $18.15M | $17.88M | $17.66M | $17.57M | $17.48M | $17.31M | $17.04M | $16.99M | $16.86M | $16.37M | $15.91M | $15.92M | $15.85M | $15.67M | $14.47M | $12.47M | $15.42M | $14.86M | $13.15M | $14.00M | $13.51M | $13.29M | $6.85M | $13.92M | $13.96M | $14.53M | $167.71M | $14.12M | $13.82M |
| High Forecast | $18.75M | $18.70M | $18.42M | $18.20M | $18.11M | $18.02M | $17.84M | $17.37M | $17.39M | $16.96M | $16.39M | $19.10M | $16.09M | $16.65M | $16.15M | $17.36M | $14.96M | $15.42M | $14.86M | $15.78M | $14.00M | $13.51M | $13.29M | $8.22M | $13.92M | $13.96M | $14.53M | $201.25M | $14.12M | $13.82M |
| Low Forecast | $17.66M | $17.62M | $17.35M | $17.14M | $17.06M | $16.97M | $16.80M | $16.73M | $16.53M | $16.75M | $16.36M | $12.73M | $15.82M | $15.70M | $15.21M | $11.57M | $9.98M | $15.42M | $14.86M | $10.52M | $14.00M | $13.51M | $13.29M | $5.48M | $13.92M | $13.96M | $14.53M | $134.17M | $14.12M | $13.82M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.24% | 0.92% | 0.88% | 1.06% | 1.29% | 0.98% | 0.88% | 0.93% | 1.22% | 0.94% | 0.92% | 1.43% | 1.66% | 0.95% | 1.03% | 0.08% | 1.10% | 0.82% |
Essex Property Trust's average Quarter SG&A projection for Mar 24 is $15.91M, based on 9 Wall Street analysts, with a range of $12.73M to $19.10M. The forecast indicates a -19.37% fall compared to ESS last annual SG&A of $19.74M (Dec 23).
Essex Property Trust EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 13 | 7 | 9 | 9 | 10 | 15 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 9 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.08 | $-0.09 | $1.55 | $2.38 | $2.86 | $1.43 | $0.87 | $1.12 | $2.21 | $1.82 | $1.00 | $2.59 | $1.47 | $1.13 | $1.29 | $4.77 | $1.95 | $1.51 |
| Avg Forecast | $1.70 | $1.69 | $1.63 | $1.56 | $1.54 | $1.52 | $1.51 | $1.41 | $1.37 | $1.35 | $1.33 | $1.29 | $1.45 | $1.42 | $1.36 | $1.29 | $1.35 | $1.38 | $1.35 | $1.19 | $1.08 | $1.02 | $0.88 | $0.96 | $1.02 | $1.12 | $1.11 | $1.45 | $1.41 | $1.39 |
| High Forecast | $1.77 | $1.76 | $1.69 | $1.62 | $1.61 | $1.58 | $1.57 | $1.43 | $1.38 | $1.35 | $1.34 | $1.29 | $1.46 | $1.45 | $1.41 | $1.36 | $1.41 | $1.43 | $1.35 | $1.19 | $1.08 | $1.02 | $0.88 | $0.96 | $1.02 | $1.12 | $1.11 | $1.45 | $1.41 | $1.39 |
| Low Forecast | $1.64 | $1.63 | $1.56 | $1.50 | $1.49 | $1.46 | $1.45 | $1.40 | $1.35 | $1.35 | $1.32 | $1.29 | $1.44 | $1.28 | $1.30 | $1.22 | $1.30 | $1.32 | $1.35 | $1.19 | $1.08 | $1.02 | $0.88 | $0.96 | $1.02 | $1.12 | $1.11 | $1.45 | $1.41 | $1.39 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.05% | -0.06% | 1.14% | 1.85% | 2.11% | 1.04% | 0.65% | 0.94% | 2.05% | 1.79% | 1.14% | 2.69% | 1.45% | 1.01% | 1.16% | 3.29% | 1.38% | 1.09% |
According to 15 Wall Street analysts, Essex Property Trust's projected average Quarter EPS for Sep 23 is $1.42, with a low estimate of $1.28 and a high estimate of $1.45. This represents a -8.69% decrease compared to ESS previous annual EPS of $1.55 (Jun 23).
Essex Property Trust Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MAA | Mid-America Apartment Communities | $152.18 | $187.90 | 23.47% | Hold |
| EQR | Equity Residential | $70.22 | $82.36 | 17.29% | Buy |
| UDR | UDR | $42.07 | $46.21 | 9.84% | Buy |
| CPT | Camden Property Trust | $115.91 | $126.91 | 9.49% | Hold |
| NXRT | NexPoint Residential Trust | $41.19 | $44.67 | 8.45% | Buy |
| AVB | AvalonBay Communities | $218.50 | $235.00 | 7.55% | Buy |
| ESS | Essex Property Trust | $280.61 | $298.00 | 6.20% | Buy |
ESS Forecast FAQ
Is Essex Property Trust a good buy?
Yes, according to 19 Wall Street analysts, Essex Property Trust (ESS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 52.63% of ESS's total ratings.
What is ESS's price target?
Essex Property Trust (ESS) average price target is $298 with a range of $208 to $381, implying a 6.20% from its last price of $280.61. The data is based on 19 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Essex Property Trust stock go up soon?
According to Wall Street analysts' prediction for ESS stock, the company can go up by 6.20% (from the last price of $280.61 to the average price target of $298), up by 35.78% based on the highest stock price target, and down by -25.88% based on the lowest stock price target.
Can Essex Property Trust stock reach $400?
ESS's average twelve months analyst stock price target of $298 does not support the claim that Essex Property Trust can reach $400 in the near future.
What are Essex Property Trust's analysts' financial forecasts?
Essex Property Trust's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.83B (high $1.88B, low $1.78B), average EBITDA is $1.38B (high $1.42B, low $1.34B), average net income is $384.56M (high $397.42M, low $372.69M), average SG&A $69.4M (high $71.33M, low $67.56M), and average EPS is $5.98 (high $6.18, low $5.8). ESS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.89B (high $1.95B, low $1.84B), average EBITDA is $1.43B (high $1.47B, low $1.39B), average net income is $423.19M (high $440.05M, low $407.1M), average SG&A $71.87M (high $74.07M, low $69.77M), and average EPS is $6.58 (high $6.85, low $6.33).
Did the ESS's actual financial results beat the analysts' financial forecasts?
Based on Essex Property Trust's last annual report (Dec 2023), the company's revenue was $1.67B, beating the average analysts forecast of $1.66B by 0.69%. Apple's EBITDA was $1.13B, missing the average prediction of $1.25B by -9.51%. The company's net income was $-24.883M, missing the average estimation of $358.03M by -106.95%. Apple's SG&A was $63.47M, beating the average forecast of $61.91M by 2.53%. Lastly, the company's EPS was $-0.39, missing the average prediction of $5.51 by -107.08%. In terms of the last quarterly report (Dec 2023), Essex Property Trust's revenue was $421.75M, beating the average analysts' forecast of $418.65M by 0.74%. The company's EBITDA was $268.36M, missing the average prediction of $316.14M by -15.11%. Essex Property Trust's net income was $-4.958M, missing the average estimation of $93.33M by -105.31%. The company's SG&A was $19.74M, beating the average forecast of $15.92M by 24.02%. Lastly, the company's EPS was $-0.0772, missing the average prediction of $1.45 by -105.32%