Essex Property Updates YTD Portfolio Reallocation Activity
ESS invests in long-term value-accretive assets in submarkets with potential less supply and higher rental growth and disposes of non-core assets.
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Essex Property Stock Up 9.2% in Three Months: Will the Trend Last?
ESS is likely to benefit from favorable West Coast market fundamentals, technological enhancements and a healthy balance sheet.
Should You Retain Essex Property Stock in Your Portfolio Now?
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) Up 4.2% Since Last Earnings Report: Can It Continue?
Essex Property Trust (ESS) reported earnings 30 days ago. What's next for the stock?
Essex Property Rewards Investors With Another Annual Dividend Hike
Boosting shareholders' wealth and confidence, ESS announces the 31st consecutive annual dividend hike of 4.9%.
Should Essex Property Stock Be Retained in Your Portfolio Now?
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: Shares Have Further Upside Given Limited Housing Supply (Upgrade)
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.
Essex Property Trust, Inc. (ESS) Q4 2024 Earnings Call Transcript
Essex Property Trust, Inc. (NYSE:ESS ) Q4 2024 Results Conference Call February 5, 2025 12:00 PM ET Company Participants Angela Kleiman - President, CEO Barb Pak - EVP, CFO Rylan Burns - EVP, Chief Investment Officer Conference Call Participants Nick Yulico - Scotiabank Eric Wolfe - Citibank Austin Wurschmidt - KeyBanc Capital Markets Steve Sakwa - Evercore ISI Jeff Spector - Bank of America Jamie Feldman - Wells Fargo Brad Heffern - RBC Capital Markets Adam Kramer - Morgan Stanley Alexander Goldfarb - Piper Sandler Haendel St. Juste - Mizuho Securities John Kim - BMO Capital Markets Wes Golladay - Baird Rich Hightower - Barclays Julien Blouin - Goldman Sachs Michael Goldsmith - UBS Rich Anderson - Wedbush Securities Tayo Okusanya - Deutsche Bank Alex Kalmus - Zelman & Associates Operator Good day, and welcome to Essex Property Trust Fourth Quarter 2024 Earnings Call. As a reminder, today's call conference is being recorded.
Essex Property Q4 FFO Beats Estimates, Revenues Increase Y/Y
ESS' Q4 results reflect an increment in same-property revenues and net operating income.
Compared to Estimates, Essex Property Trust (ESS) Q4 Earnings: A Look at Key Metrics
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 2024, 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) Q4 FFO and Revenues Top Estimates
Essex Property Trust (ESS) came out with quarterly funds from operations (FFO) of $3.92 per share, beating the Zacks Consensus Estimate of $3.90 per share. This compares to FFO of $3.83 per share a year ago.
