Essex Property Trust (ESS) Lags Q4 FFO Estimates

Essex Property Trust (ESS) came out with quarterly funds from operations (FFO) of $3.98 per share, missing the Zacks Consensus Estimate of $4 per share. This compares to FFO of $3.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -0.52%. A quarter ago, it was expected that this real estate investment trust would post FFO of $3.96 per share when it actually produced FFO of $3.97, delivering a surprise of +0.25%.Over the last four q ...