Essex Property Trust(US:ESS) ZACKS·2025-02-05 00:01Core Insights - Essex Property Trust reported revenue of $454.47 million for Q4 2024, reflecting a 7.8% increase year-over-year and surpassing the Zacks Consensus Estimate of $453.08 million by 0.31% [1] - The company's EPS for the quarter was $3.92, significantly higher than $1.02 in the same quarter last year, and exceeded the consensus estimate of $3.90 by 0.51% [1] Financial Performance Metrics - Financial occupancy for the same-property portfolio was reported at 95.9%, slightly below the four-analyst average estimate of 96.2% [4] - Rental and other property revenues reached $452.05 million, exceeding the average estimate of $449.53 million from nine analysts, marking a year-over-year increase of 7.9% [4] - Management and other fees from affiliates totaled $2.42 million, falling short of the $2.47 million estimate, representing a decline of 13.8% year-over-year [4] - Same-property revenues were reported at $411.23 million, below the three-analyst average estimate of $417.64 million, but still showing a 2.7% increase year-over-year [4] - Rental income was $445.39 million, slightly below the $448.05 million estimate, with a year-over-year increase of 7.8% [4] - Net earnings per share (diluted) were reported at $4, significantly higher than the nine-analyst average estimate of $1.22 [4] Stock Performance - Over the past month, shares of Essex Property Trust have returned 4.3%, outperforming the Zacks S&P 500 composite's 1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]