Essex Property Trust (ESS) Q2 FFO and Revenues Surpass Estimates

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 ...