Essex Property Trust Publishes Updated Investor Presentation and Increases Guidance

Rhea-AI Summary

Essex Property Trust (NYSE:ESS) has updated its Investor Presentation, raising its guidance for second quarter Core FFO and full-year metrics for same-property revenues and net operating income. This adjustment reflects improved market conditions. Interested parties can access the presentation on the company's website. Additionally, the firm will participate in the NAREIT Institutional Investor Forum from June 8-10, 2021, with the CEO, Michael J. Schall, presenting on June 8 at 2:15 p.m. ET.

Positive

• Increased second quarter and full-year guidance for Core FFO.
• Improved guidance for same-property revenues and net operating income due to better market conditions.

Negative

• None.

Essex Property Trust, Inc. (NYSE:ESS) announced today that it has published an updated Investor Presentation and increased its second quarter and full-year guidance for Core FFO and full-year guidance for same-property revenues and net operating income as a result of improving market conditions. Additional details can be found in the updated Investor Presentation which can be accessed on the Investors section of the Company’s website at www.essex.com.

The Company is scheduled to participate in the National Association of Real Estate Investment Trusts (“NAREIT”) Institutional Investor Forum held virtually from June 8 – 10, 2021. The Company’s President and Chief Executive Officer, Michael J. Schall, will present at the conference on June 8, 2021 at 2:15 p.m. ET. To attend the presentation, registration to NAREIT REITWeek is required. The link to register can be accessed on the Investors section of the Company’s website at www.essex.com.

About Essex Property Trust, Inc.
Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 244 apartment communities comprising approximately 60,000 apartment homes with an additional 5 properties in various stages of active development. Additional information about the Company can be found on the Company’s website at www.essex.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210604005577/en/

FAQ

What is the updated guidance for Essex Property Trust's Core FFO?

Essex Property Trust has increased its guidance for second quarter Core FFO.

When will Essex Property Trust present at the NAREIT Institutional Investor Forum?

Essex Property Trust's CEO will present on June 8, 2021, at 2:15 p.m. ET.

How has Essex Property Trust's revenue guidance changed?

The guidance for same-property revenues has been increased due to improving market conditions.

Where can I find Essex Property Trust's updated Investor Presentation?

The updated Investor Presentation can be found on Essex Property Trust's website in the Investors section.