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Stock impact report

Essex Announces First Quarter 2025 Results

Essex Property Trust, Inc. (ESS) 
Last essex property trust, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.essexapartmenthomes.com
Company Research Source: Business Wire
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its first quarter 2025 earnings results and related business activities.Net Income, Funds from Operations (“FFO”), and Core FFO per diluted share for the three-month period ended March 31, 2025 are detailed below. Three Months EndedMarch 31,% 20252024ChangePer Diluted Share   Net Income$3.16$4.25-25.6%Total FFO$3.97$4.60-13.7%Core FFO$3.97$3.833.7%First Quarter 2025 Highlights:Reported Net Income per diluted share for the first quarter of 2025 of $3.16, compared to $4.25 in the first quarter of 2024. The decrease is largely attributable to gains on remeasurement of co-investments and gains on legal settlements recognized in the first quarter of 2024.Grew Core FFO per diluted share by 3.7% compared to the first quarter of 2024, exceeding the midpoint of the Company’s guidance range by $0.05. The outperformance was primarily driven by favorable same-property revenue growth, co- Show less Read more
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