Essex Property Trust, Inc. (ESS)
Essex Property Trust: High-Quality REIT With A Growing Dividend
Essex Property Trust focuses on three different supply-constrained markets across the US West Coast. Both enduring demand and limited supply are working in its favor. It has increased its dividend for 30 consecutive years. That easily qualifies the company for its vaunted status as a Dividend Aristocrat - one of only three REITs that can claim such a thing. On the other hand, the stock's 3.5% yield is on the low side for a REIT. But this yield easily beats the market and is 30 basis points higher than its own five-year average.
Essex Property Trust, Inc. (ESS) Q2 2024 Earnings Call Transcript
Essex Property Trust, Inc. (NYSE:ESS ) Q2 2024 Earnings Conference Call July 31, 2024 1:00 PM ET Company Participants Angela Kleiman - President and CEO Barb Pak - CFO & EVP Rylan Burns - EVP and Chief Investment Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Nick Joseph - Citi Steven Song - Bank of America Daniel Tricarico - Scotiabank Brad Heffern - RBC Capital Markets Haendel St. Juste - Mizuho Securities Adam Kramer - Morgan Stanley James Feldman - Wells Fargo Connor Mitchell - Piper Sandler John Kim - BMO Capital Markets Wes Golladay - Baird Ami Probandt - UBS Operator Good day, and welcome to Essex Property Trust's Second Quarter 2024 Earnings Call. As a reminder, today's conference call is being recorded.
Looking for a Growth Stock? 3 Reasons Why Essex Property Trust (ESS) is a Solid Choice
Essex Property Trust (ESS) possesses solid growth attributes, which could help it handily outperform the market.
Essex Property (ESS) Q2 FFO & Revenues Beat, '24 View Raised
Essex Property's (ESS) Q2 FFO tops estimates. Results reflect favorable growth in same-property revenues and net operating income.
Compared to Estimates, Essex Property Trust (ESS) Q2 Earnings: A Look at Key Metrics
Although the revenue and EPS for Essex Property Trust (ESS) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Essex Property Trust (ESS) Q2 FFO and Revenues Surpass Estimates
Essex Property Trust (ESS) came out with quarterly funds from operations (FFO) of $3.94 per share, beating the Zacks Consensus Estimate of $3.84 per share. This compares to FFO of $3.77 per share a year ago.
What's in Store for Essex Property (ESS) in Q2 Earnings?
Essex Property's (ESS) Q2 results are likely to show the benefits of a solid property base and technological initiatives.
Essex Property (ESS) Up 9.1% in 3 Months: Will the Trend Last?
A sturdy property base in the West Coast market with favorable demand drivers is likely to aid Essex Property (ESS). Technology initiatives to drive margins and a healthy balance sheet bode well for long-term growth.
4 Reasons to Add Essex Property (ESS) to Your Portfolio Now
Essex Property (ESS) is likely to benefit from its strong property base on the West Coast, favorable demographics and a solid balance sheet.
Is it Wise to Retain Essex Property (ESS) in Your Portfolio?
Favorable West Coast market fundamentals and a healthy balance sheet are likely to support Essex Property (ESS). However, an elevated supply in some markets and high interest rates are worrisome.
Essex Property Trust: The Buying Window Has Now Closed
Shares of Essex Property Trust have significantly outperformed the broader market since my previous article. The residential real estate investment trust topped the analyst consensus for revenue and core FFO per share in Q1. ESS maintains a robust financial position.
