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Essex Property Trust Publishes Updated Investor Presentation and Increases Guidance
Rhea-AI Impact
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Rhea-AI Summary
Essex Property Trust, Inc. (NYSE:ESS) announced an update to its June 2022 Investor Presentation, reflecting improved market conditions. The company has raised its second quarter and full-year guidance for Core FFO per share, same-property revenues, and net operating income, with revised midpoints surpassing previous highs. The changes aim to provide investors with a more favorable outlook as Essex continues to manage its multifamily residential properties on the West Coast. Additional details can be accessed on their website.
Positive
Increased second quarter and full-year guidance for Core FFO per share.
Revised same-property revenues and net operating income guidance exceeding prior ranges.
SAN MATEO, Calif.--(BUSINESS WIRE)--
Essex Property Trust, Inc. (NYSE:ESS) announced today that it has published its June 2022 Investor Presentation with an update to its 2022 MSA Level Forecast. As a result of improving market conditions, the Company increased its second quarter and full-year guidance for Core FFO per share and full-year guidance for same-property revenues and net operating income. The revised midpoint for all metrics now exceeds the high-end of the prior ranges. 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 2022 Nareit REITweek Conference held in New York from June 7-8, 2022. The Company’s President and Chief Executive Officer, Michael J. Schall, will present at the conference on June 7, 2022 at 3:00 P.M. EST. A live webcast of the presentation will be made available 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 253 apartment communities comprising approximately 62,000 apartment homes with an additional 2 properties in various stages of active development. Additional information about the Company can be found on the Company’s website at www.essex.com.
Rylan Burns Group Vice President of Private Equity & Finance (650) 655-7800
rburns@essex.com
Source: Essex Property Trust, Inc.
FAQ
What guidance updates did Essex Property Trust (ESS) announce in June 2022?
Essex Property Trust increased its second quarter and full-year guidance for Core FFO per share, same-property revenues, and net operating income due to improved market conditions.
When is Essex Property Trust presenting at the Nareit REITweek Conference?
Essex Property Trust is scheduled to present on June 7, 2022, at 3:00 P.M. EST during the Nareit REITweek Conference in New York.
Where can I find more information about Essex Property Trust's updated guidance?
Additional details can be found in the updated Investor Presentation available in the Investors section of Essex Property Trust's website.
