Although the revenue and EPS for Essex Property Trust (ESS) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Essex Property Trust (ESS) came out with quarterly funds from operations (FFO) of $3.97 per share, beating the Zacks Consensus Estimate of $3.92 per share. This compares to FFO of $3.83 per share a year ago.
Despite elevated supply, ESS' Q1 results are likely to reflect the advantages of a high-quality property portfolio, strong demand and investments in technology.
Essex Property Trust is a reliable long-term stock with strong fundamentals in high-barrier West Coast markets, benefiting from limited new housing supply and high rental demand. ESS has demonstrated driven by strong property-level metrics as growth appears to be normalizing back to pre-2020 levels. ESS offers a well-covered 3.8% dividend yield and is attractively valued at a P/FFO of 17.0, which is well below its historical average.
ESS invests in long-term value-accretive assets in submarkets with potential less supply and higher rental growth and disposes of non-core assets.
Buying high-quality dividend stocks is a great way to collect passive dividend income. The best ones increase their dividends each year, and they can help you more than offset the impact of inflation over the long run.
ESS is likely to benefit from favorable West Coast market fundamentals, technological enhancements and a healthy balance sheet.
A sturdy property base in the West Coast market, technological initiatives and a healthy balance sheet are likely to aid ESS despite the rising supply of units.
Essex Property Trust (ESS) reported earnings 30 days ago. What's next for the stock?
Boosting shareholders' wealth and confidence, ESS announces the 31st consecutive annual dividend hike of 4.9%.
A sturdy property base in the West Coast market, technological initiatives and a healthy balance sheet are likely to aid ESS despite the rising supply of units.
Essex Property Trust, Inc. has seen a 29% increase in shares over the past year due to limited supply and higher rental inflation in California markets. Solid Q4 results, including a 2.3% increase in funds from operations and low turnover rates, support a bullish outlook for Essex into 2025. Rising costs, particularly insurance and personnel, are offset by strong demand fundamentals and limited housing supply, especially post-wildfires.