Real estate investment trusts (REITs) can be fantastic investments. They supply investors with passive income. Further, REITs have historically outperformed the S&P 500 over the longer term.On top of all that, our research has found that many REITs deliver those higher returns with less volatility compared to the broader market. Three REITs have stood out for their ability to produce high returns with lower volatility: Realty Income (O 1.10%), Essex Property Trust (ESS 1.41%), and Public Storage (PSA 0.68%) ...

Creative thinking ideas brain innovation concept. Light bulb on yellow backgroundgettyAI stocks are booming—but they’re an absolute “dividend desert” for us contrarian income-seekers.Or are they?Most tech stocks—and I’d put AI darling NVIDIA (NVDA), with its pathetic 0.02% yield, at the top of the list here—don’t pay dividends when they’re growing quickly.Only later, when growth slows, do they “find religion” and return cash to shareholders as dividends and buybacks. That’s too bad for those of us who like ...

Essex Property Trust (ESS) owns a robust property base in the West Coast market of the United States. It has a healthy balance sheet and is leveraging technology, scale and organizational capabilities to drive growth. However, an elevated supply in some markets and high interest rates are concerning.What’s Aiding It?The West Coast markets are characterized by higher median household incomes, an increased percentage of renters and favorable demographic trends. In addition, with high interest rates still in p ...

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 (MARK ONE) ☒ 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 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to _____________ 001-13106 (Essex Property Trust, Inc.) 333-44467-01 (Essex Portfolio, L.P.) (Commission File Number) 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 ...