These REITs offer attractive yielding payouts that should rise in the future. Investing in real estate can be a great way to generate durable passive income. There are many ways to invest in the sector. One of the smartest ways to start is to buy shares in high-quality real estate investment trusts (REITs). W.P. Carey (WPC -1.57%) and Essex Property Trust (ESS -0.92%) are no-brainer REITs to buy for longlasting passive income. They offer high-yielding payouts that should steadily rise in the future. Buildin ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

If you are looking for a trio of reliable dividend stocks, this collection of hard asset stocks offers high yields and growth potential. The real estate investment trust (REIT) sector is known for offering investors a high level of dividend yield. That makes sense, since REITs were specifically designed to pass income on to shareholders via dividends. But if you're looking for the most reliable dividend-paying REITs, you'll want to focus on Federal Realty (FRT -0.27%), Realty Income (O -0.32%), and Essex Pr ...

Shares of Essex Property Trust, Inc. (ESS) have rallied 23.1% in the past six months, outperforming the industry's growth of 16.2%. This residential REIT, which has a robust property base in the West Coast market, is poised to benefit from the healthy demand for its residential units. It is also banking on technology, scale and organizational capabilities to drive growth. Analysts also seem bullish on this Zacks Rank #2 (Buy) stock. The Zacks Consensus Estimate for the company's 2024 FFO per share has been ...

Core Insights - Essex Property Trust, Inc. is well-positioned to benefit from strong demand for residential units in the West Coast market, leveraging technology and organizational capabilities for growth [1][5][8] Financial Performance - In Q2 2024, Essex Property reported core funds from operations (FFO) per share of $3.94, exceeding the Zacks Consensus Estimate of $3.84 and reflecting a 4.5% year-over-year improvement [2] - The Zacks Consensus Estimate for the company's 2024 FFO per share has been revised upward by 0.8% to $15.53, indicating positive analyst sentiment [3] Market Position and Growth Drivers - The company has a strong property base in the West Coast, benefiting from higher median household incomes and a greater percentage of renters [6][7] - The slowing layoffs in the tech industry and the return to office trend are expected to increase renter demand in the West Coast markets [7] Technology and Operational Efficiency - Essex Property is focusing on technology to enhance operational efficiency and reduce costs, which is expected to positively impact both top-line and bottom-line growth [8] Financial Health - As of July 26, 2024, the company had $1.1 billion in liquidity, maintaining a net debt-to-adjusted EBITDAre ratio of 5.4X [9][10] - The company holds investment-grade ratings (Baa1/Stable and BBB+/Stable) and has a trailing 12-month return on equity (ROE) of 9.14%, significantly higher than the industry average of 3.17% [11] Dividend Policy - Essex Property has consistently raised its annual cash dividend, with a 6.1% increase to $2.45 per share announced in February 2024, marking the 30th consecutive annual dividend increase [12][13]

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 ...

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 ...

Company Performance - Essex Property Trust reported quarterly funds from operations (FFO) of $3.94 per share, exceeding the Zacks Consensus Estimate of $3.84 per share, and up from $3.77 per share a year ago [1] - The company achieved revenues of $442.36 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.10%, compared to $416.04 million in the same quarter last year [6] - The FFO surprise for the quarter was 2.60%, following a previous surprise of 2.41% [5][11] Market Comparison - Essex Property Trust shares have increased approximately 15.4% since the beginning of the year, compared to a 14.5% gain for the S&P 500 [2] - The company has outperformed consensus revenue estimates three times over the last four quarters [6][11] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $3.82 on revenues of $435.96 million, and for the current fiscal year, it is $15.41 on revenues of $1.73 billion [3] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [7] - The estimate revisions trend for Essex Property Trust is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [12] Industry Context - Essex Property Trust is part of the Zacks REIT and Equity Trust - Residential industry, which is currently ranked in the top 22% of over 250 Zacks industries [4] - Empirical research indicates a strong correlation between near-term stock movements and trends in estimate revisions, suggesting that investors can track these revisions for insights [9]

Exhibit 99.1 Second Quarter 2024 Earnings Release and Supplemental Data | Earnings Press Release | Pages 1 - 9 | | --- | --- | | Consolidated Operating Results | S-1 & S-2 | | Consolidated Funds from Operations | S-3 | | Consolidated Balance Sheets | S-4 | | Debt Summary | S-5 | | Capitalization Data, Public Bond Covenants, Credit Ratings and Selected Credit Ratios | S-6 | | Portfolio Summary by County | S-7 | | Operating Income by Quarter | S-8 | | Same-Property Revenue Results by County, Quarter-to-Date | ...