SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) (“Essex”) announced today that its operating partnership, Essex Portfolio, L.P. (the “Issuer”), priced an underwritten public offering of $350 million aggregate principal amount of 5.500% senior notes due 2034 (the “Notes”). The Notes were priced at 99.752% of par value with a yield to maturity of 5.532%. Interest is payable semiannually at an interest rate per annum of 5.500% on April 1 and October 1 of each year with the first inter ...

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that Angela L. Kleiman, President and CEO, will be participating in a roundtable presentation at the 2024 Citigroup Global Property CEO Conference held in Hollywood, FL on Tuesday, March 5, 2024, at 11:40 a.m. Eastern Time. To listen to the panel, please visit the webcast link on the Investors section of the Company’s website at www.essex.com. An archive of the webcast will be available for thirty days following the e ...

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has approved a 6.1% increase to its annual cash dividend. This represents the Company’s 30th consecutive annual dividend increase. The Board of Directors has declared a first quarter dividend of $2.45 per share, payable on April 12, 2024 to shareholders of record as of March 29, 2024. On an annualized basis, the dividend represents a distribution of $9.80 per common share. The Annual Meetin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (MARK ONE) For the transition period from ___________ to _____________ 001-13106 (Essex Property Trust, Inc.) 333-44467-01 (Essex Portfolio, L.P.) (Commission File Number) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ESSEX PROPERTY TRUST, INC. ESSEX ...

Andrew Merry/Moment via Getty Images Over the past few years, housing affordability has been thrust into the limelight as home values continue to appreciate. While beneficial for homeowners, increasing home prices leave future generations and first-time buyers in a difficult position. The changing tide serves as a serious multidecade tailwind for multifamily investors. Renting continues to gain traction as a long-term living option. As a result, multifamily development increased coming out of the pandem ...

Essex Property Trust, Inc. (NYSE:ESS) Q4 2023 Earnings Conference Call February 7, 2024 2:00 PM ET Company Participants Angela Kleiman - President & Chief Executive Officer Barb Pak - Executive Vice President & Chief Financial Officer Rylan Burns - Executive Vice President & Chief Investment Officer Jessica Anderson - Vice President, Operations Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Steve Sakwa - Evercore ISI Daniel Tricarico - Scotiabank Eric Wolfe - Citi Alexander Goldfar ...

Essex Property Trust Inc. (ESS) reported fourth-quarter 2023 core funds from operations (FFO) per share of $3.83, beating the Zacks Consensus Estimate of $3.81. The figure also improved 1.6% from the year-ago quarter.Results reflect favorable growth in same-property revenues and net operating income (NOI). However, the same-property operating expenses partly acted as a dampener. ESS issued first-quarter and full-year 2024 guidance for core FFO per share.Total revenues of $421.7 million outpaced the Zacks Co ...

Essex Property Trust (ESS) reported $421.75 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 1.6%. EPS of $3.83 for the same period compares to $2.86 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $419.68 million, representing a surprise of +0.49%. The company delivered an EPS surprise of +0.52%, with the consensus EPS estimate being $3.81.While investors scrutinize revenue and earnings changes year-over-year and how they compare ...

Essex Property Trust, Inc. (ESS) is scheduled to report its fourth-quarter and full-year 2023 results on Feb 6 after market close. The company’s quarterly results are likely to reflect year-over-year growth in revenues and core funds from operations (FFO) per share.In the last reported quarter, this San Mateo, CA-based residential real estate investment trust (REIT) delivered a surprise of 0.27% in terms of core FFO per share. Results reflected favorable growth in same-property revenues, though higher same- ...

The upcoming report from Essex Property Trust (ESS) is expected to reveal quarterly earnings of $3.81 per share, indicating an increase of 1.1% compared to the year-ago period. Analysts forecast revenues of $419.68 million, representing an increase of 1.1% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prio ...