Essex Property Trust (ESS) Beats Q2 FFO and Revenue Estimates

Essex Property Trust (ESS) came out with quarterly funds from operations (FFO) of $4.03 per share, beating the Zacks Consensus Estimate of $3.99 per share. This compares to FFO of $3.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +1.00%. A quarter ago, it was expected that this real estate investment trust would post FFO of $3.92 per share when it actually produced FFO of $3.97, delivering a surprise of +1.28%.Over the last fou ...