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-0.000560386473429881 0.000618357487922802 0.000618357487922802 0.00378743961352664 0.00314975845410627 0.00204830917874408 0.000628019323671585 -0.00260869565217396
Stock impact report

Demand slide prompts Raymond James to downgrade residential REITs [Yahoo! Finance]

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: Yahoo! Finance
Analyst Buck Horne wrote that the firm is “voicing our deepening concerns that the current demand deterioration across all forms of rental housing,” adding that these pressures “have only continued and accelerated into February.” Horne said many REITs are “whistling past the graveyard” by projecting a normal seasonal leasing recovery into the summer despite clear evidence to the contrary. Raymond James sees “no signs yet that this year's leasing demand will improve any relative to last year's disappointing results,” and warned that 2026 guidance assumptions across the sector now look increasingly at risk. The firm cited multiple headwinds, including “A.I.-driven job displacements among young adults” and “increasingly aggressive domestic immigration enforcement activities,” both of which it said are weighing on renter household formation. Raymond James added that absorption timelines for new supply are slipping as lease concessions grow and regulatory risks intensify. The fi Show less Read more
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