Essex Property Trust, Inc. (ESS) is well-poised to gain from a robust property base in the West Coast market with several demand drivers. Efforts to leverage technology and a healthy balance sheet bode well. However, the elevated supply of rental units and a concentrated portfolio in certain markets are a concern.In October, Essex Property reported third-quarter 2024 core funds from operations (FFO) per share of $3.91, which beat the Zacks Consensus Estimate of $3.88. The figure improved 3.4% from the year- ...

Shares of Essex Property Trust (ESS) have rallied 16.7% over the past six months, outperforming the industry's upside of 10.6%.This residential REIT is well-poised to gain from a robust property base in the West Coast market that has several demand drivers. A healthy balance sheet also augurs well.Last October, ESS reported third-quarter 2024 core funds from operations (FFO) per share of $3.91, which beat the Zacks Consensus Estimate of $3.88. The figure also improved 3.4% from the year-ago quarter.Results ...

Essex Property Trust Inc. (ESS) reported third-quarter 2024 core funds from operations (FFO) per share of $3.91, which beat the Zacks Consensus Estimate of $3.88. The figure also improved 3.4% from the year-ago quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Results reflect favorable growth in same-property revenues and net operating income (NOI). ESS also raised its full-year 2024 guidance. Total revenues of $450.7 million outpaced the Zacks Consensus Estimate of $445.9 m ...

For the quarter ended September 2024, Essex Property Trust (ESS) reported revenue of $450.7 million, up 7.5% over the same period last year. EPS came in at $3.91, compared to $1.36 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $445.88 million, representing a surprise of +1.08%. The company delivered an EPS surprise of +0.77%, with the consensus EPS estimate being $3.88.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Essex Property Trust (ESS) came out with quarterly funds from operations (FFO) of $3.91 per share, beating the Zacks Consensus Estimate of $3.88 per share. This compares to FFO of $3.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 0.77%. A quarter ago, it was expected that this real estate investment trust would post FFO of $3.84 per share when it actually produced FFO of $3.94, delivering a surprise of 2.60%. Over the last fou ...

The upcoming report from Essex Property Trust (ESS) is expected to reveal quarterly earnings of $3.88 per share, indicating an increase of 2.7% compared to the year-ago period. Analysts forecast revenues of $445.88 million, representing an increase of 6.4% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveals its earnings ...

Essex Property Trust, Inc. (ESS) is scheduled to report its third-quarter 2024 results on Oct. 29 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.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, this San Mateo, CA-based residential real estate investment trust (REIT) delivered a surprise of 2.60% in terms of core FFO per share. Results reflected fav ...

Investors might want to bet on Essex Property Trust (ESS) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. ...

Shares of Essex Property Trust (ESS) have rallied 16.1% year to date, outperforming the industry's upside of 10.5%. A robust property base in the West Coast market with favorable demand drivers will aid Essex Property. Technology initiatives to drive margins and a healthy balance sheet bode well for long-term growth. Analysts seem bullish on this residential REIT carrying a Zacks Rank #3 (Hold), with the Zacks Consensus Estimate for its 2024 FFO per share moving northward over the past month to $15.55. Imag ...

Essex Property Trust (NYSE: ESS ) has had a spectacular one-year performance of more than 40%. After the great financial crisis, ESS experienced a fantastic decade-long ramp-up in its price, during which the REIT added more than 800% in total performance. Of Hey there! My focus here is to provide you with insightful rating analysis on the world's leading financial firms to help you navigate and comprehend the latest investment opportunities while identifying potential pitfalls. My favorite picks are those t ...