Essex Property Q4 FFO Beats Estimates, Revenues Increase Y/Y

Essex Property Trust Inc. (ESS) reported fourth-quarter 2024 core funds from operations (FFO) per share of $3.92, beating the Zacks Consensus Estimate of $3.90. The figure also improved 2.3% 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 issued first-quarter and full-year 2025 guidance for core FFO per share.Total revenues of $454.5 million outpaced the Zacks Con ...