Essex Announces First Quarter 2024 Results and Raises Full-Year 2024 Guidance [Yahoo! Finance]
Essex Property Trust, Inc. (ESS)
Last essex property trust, inc. earnings: 1/29 04:15 pm
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Source: Yahoo! Finance
Net Income, Funds from Operations ("FFO"), and Core FFO per diluted share for the quarter ended March 31, 2024 are detailed below. Three Months Ended March 31, Change Per Diluted Share Net Income Total FFO Core FFO First Quarter 2024 Highlights: Reported Net Income per diluted share for the first quarter of 2024 of $4.25, compared to $2.38 in the first quarter of 2023. The increase is largely attributable to a gain on remeasurement of co-investments recognized in the first quarter of 2024. Grew Core FFO per diluted share by 4.9% compared to the first quarter of 2023, exceeding the midpoint of the Company's guidance range by $0.09. The outperformance was primarily driven by favorable same-property revenue growth. Achieved same-property revenue and net operating income ("NOI") growth of 3.6% and 3.0%, respectively, compared to the first quarter of 2023. On a sequential basis, same-property revenues improved 0.6%. Acquired its joint venture partner's 49.9% intere
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News
- Essex Property Trust, Inc. (NYSE: ESS) had its price target raised by analysts at Morgan Stanley from $230.00 to $250.00. They now have an "equal weight" rating on the stock.MarketBeat
- Essex Property Trust, Inc. (NYSE: ESS) had its price target raised by analysts at Scotiabank from $256.00 to $283.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Essex Property Trust, Inc. (NYSE: ESS) had its price target raised by analysts at UBS Group AG from $250.00 to $261.00. They now have a "neutral" rating on the stock.MarketBeat
- John's March 2024 Income Update: Reducing Bank Exposure [Seeking Alpha]Seeking Alpha
- Essex Property Trust Publishes Sixth Annual ESG Report [Yahoo! Finance]Yahoo! Finance
ESS
Earnings
- 4/30/24 - Beat
ESS
Sec Filings
- 3/28/24 - Form DEF
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form ARS
- ESS's page on the SEC website