Chalirmpoj Pimpisarn Essex Property Trust Inc. (NYSE:ESS) is a real estate investment trust that owns and operates a portfolio of US West Coast multi-family properties. Founded in 1971, the company is now an $18 billion (by market cap) real estate giant that employs roughly 1,700 people. Essex Property Trust focuses on three different supply-constrained markets across the US West Coast: Southern California, 42% of NOI; Northern California, 40%; and Seattle, 18%. The company's property portfolio consists of ...

Essex Property Trust, Inc. (NYSE:ESS) Q2 2024 Earnings Conference Call July 31, 2024 1:00 PM ET Company Participants Angela Kleiman - President and CEO Barb Pak - CFO & EVP Rylan Burns - EVP and Chief Investment Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Nick Joseph - Citi Steven Song - Bank of America Daniel Tricarico - Scotiabank Brad Heffern - RBC Capital Markets Haendel St. Juste - Mizuho Securities Adam Kramer - Morgan Stanley James Feldman - Wells Fargo Connor Mit ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.0001 par value (Essex Property Trust, Inc.) ESS New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with th ...

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Revenues- Rental and other property While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Financial Occupancies - Same-Property Po ...

Essex Property Trust (ESS) came out with quarterly funds from operations (FFO) of $3.94 per share, beating the Zacks Consensus Estimate of $3.84 per share. This compares to FFO of $3.77 per share a year ago. These figures are adjusted for non-recurring items. Essex Property Trust shares have added about 15.4% since the beginning of the year versus the S&P 500's gain of 14.5%. While Essex Property Trust has outperformed the market so far this year, the question that comes to investors' minds is: what's next ...

AR10 Managem Viswi Managem Viswi CA ESSEX EARNINGS RELEASE & SUPPLEMENTAL DATA SECOND QUARTER 2024 TROPERTY TRUST, INC, a PEARN AND PROPERNING PROPERNING er as switcher between and wee Exhibit 99.1 Second Quarter 2024 Earnings Release and Supplemental Data Table of Contents | --- | --- | |----------------------------------------------------------------------------------------------------|-----------------| | Earnings Press Release | Pages 1 - 9 | | Consolidated Operating Results | S-1 & S-2 | | Consolidated ...

For the second quarter, we expect same-store property revenue growth of 2.9% and, consequently, net operating However, the struggle to lure renters is expected to have persisted in the second quarter as supply volumes are likely to have remained elevated in some of its markets. Such a competitive landscape limits the company's ability to increase rents and occupancy levels, restricting its growth momentum to some extent. Moreover, outmigration and job losses are expected to affect apartment demand. Essex Pr ...

Image Source: Zacks Investment Research In addition, its trailing 12-month return on equity (ROE) is 9.22% compared with the industry's average of 2.96%. This reflects that the company is more efficient in using shareholders' funds than its peers. Other Stocks to Consider Let us now decipher the factors behind the surge in the stock price and also check whether this trend will last. On the balance sheet front, Essex Property maintains a healthy balance sheet and enjoys financial flexibility. As of Apr 29, 2 ...

Favorable Supply/Demand Dynamics Fueled Q1 Outperformance • Issued $350.0 million of 10-year senior unsecured notes due in April 2034 bearing an interest rate of 5.50% per annum and an effective yield of 5.52%. The driving force responsible for ESS' rental revenue growth was strength in scheduled rents. The 2.2% growth rate over the year-ago period in scheduled rents was achieved through a balance between new lease growth and renewals. Disciplined expense management helped the company's core FFO margin expa ...