Essex Property Trust, Inc. (ESS) Presents at Citi's Miami Global Property CEO Conference 2026 Transcript
ESS lifts its annual dividend for the 32nd straight year, raising the payout to $10.36 per share as solid FFO growth and liquidity back returns.
Essex Property Trust, Inc. (ESS) Q4 2025 Earnings Call Transcript
ESS misses Q4 core FFO estimates despite higher same-property NOI and occupancy, with rising interest expenses partly weighing on results.
While the top- and bottom-line numbers for Essex Property Trust (ESS) give a sense of how the business performed in the quarter ended December 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Essex Property Trust (ESS) came out with quarterly funds from operations (FFO) of $3.98 per share, missing the Zacks Consensus Estimate of $4 per share. This compares to FFO of $3.92 per share a year ago.
ESS' Q4 earnings are likely to represent steady revenue and FFO growth, tempered by softer apartment fundamentals and higher expenses.
Essex Property Trust trades at a forward P/FFO well below its historical average, offering compelling value in supply-constrained West Coast markets. ESS benefits from limited new multifamily supply, driving solid rent growth, especially in Northern California submarkets with 5–6% lease spreads. ESS maintains a BBB+ balance sheet, 3.9% dividend yield, 64% payout ratio, and 30 years of consecutive dividend growth.
Essex Property Trust, Inc. ( ESS ) Q3 2025 Earnings Call October 30, 2025 2:00 PM EDT Company Participants Angela Kleiman - President, CEO & Director Barb Pak - Executive VP & CFO Rylan Burns - Executive VP & Chief Investment Officer Conference Call Participants Nicholas Yulico - Scotiabank Global Banking and Markets, Research Division Nicholas Joseph - Citigroup Inc., Research Division Jeffrey Spector - BofA Securities, Research Division Sanketkumar Agrawal - Evercore ISI Institutional Equities, Research Division Austin Wurschmidt - KeyBanc Capital Markets Inc., Research Division Alexander Goldfarb - Piper Sandler & Co., Research Division Derrick Metzler - Morgan Stanley, Research Division Haendel St. Juste - Mizuho Securities USA LLC, Research Division Julien Blouin - Goldman Sachs Group, Inc., Research Division Robin Haneland - BMO Capital Markets Equity Research Richard Anderson - Cantor Fitzgerald & Co., Research Division Linda Yu Tsai - Jefferies LLC, Research Division Alex Kim - Zelman & Associates LLC Presentation Operator Good day, and welcome to Essex Property Trust Third Quarter 2025 Earnings Call. As a reminder, today's conference call is being recorded.
ESS posts Q3 core FFO above estimates and lifts its 2025 outlook, driven by steady revenues and NOI gains despite cost pressures.
Essex Property Trust, Inc. Q2 2025 Earnings Conference Call July 30, 2025 12:00 PM ET Company Participants Angela L. Kleiman - President, CEO & Director Barbara M.
ESS' second-quarter results reflect a year-over-year rise in same-property revenues and net operating income.