Essex Property Trust, Inc - ESS STOCK NEWS

Essex Property Trust, Inc. (NYSE:ESS) announced that its President and CEO, Michael J. Schall, will speak at the 2022 Citigroup Global Property CEO Conference in Hollywood, FL, on March 7, 2022, at 11:15 a.m. ET. Investors can access the live panel through the company's website, with an archive available for 30 days post-event. Essex Property Trust, a member of the S&P 500, manages approx. 62,000 apartment homes across 253 communities on the West Coast, with additional properties in development.

Essex Property Trust, Inc. (NYSE:ESS) has announced a 5.3% increase in its annual cash dividend, marking the 28th consecutive annual dividend rise. The first-quarter dividend will be $2.20 per share, payable on April 14, 2022, to shareholders on record as of March 31, 2022. This annualized dividend distribution amounts to $8.80 per common share. The company will hold its virtual Annual Meeting of Shareholders on May 10, 2022, allowing shareholders of record as of February 25, 2022 to participate.

Essex Property Trust reported its Q4 and full-year 2021 earnings, highlighting a 42.9% increase in quarterly net income per diluted share to $2.10. Total FFO per diluted share rose 32.7% to $4.30. For the full year, net income per diluted share decreased 13.6% to $7.51, while Total FFO increased 9.4% to $13.98. Key highlights include same-property gross revenue growth of 4.0% in Q4 and a strong investment activity, acquiring properties worth $347.5 million in Q4 alone.

Essex Property Trust, Inc. (NYSE:ESS) announced the income tax treatment for its 2021 shareholder distributions, totaling $8.34750 per share, with a dividend of $5.92030. The distributions included various taxable components, such as $1.84244 categorized as ordinary taxable income. Key payment dates for these distributions were set between January 15 and October 15, 2021. The company confirmed no foreign taxes were incurred during the year and encourages shareholders to consult tax advisors regarding their specific tax treatments.

Essex Property Trust, Inc. (NYSE:ESS) plans to release its fourth quarter 2021 earnings after market close on February 2, 2022. A conference call with senior management is scheduled for February 3, 2022, at 11:00 a.m. Pacific Time. The call is accessible via the company's website or by phone. Essex, a fully integrated real estate investment trust (REIT), manages 247 apartment communities with approximately 60,000 apartment homes and is currently developing three additional properties.

Rexford Industrial Realty announces the appointment of Angela Kleiman as an independent director effective December 31, 2021. Kleiman, currently COO of Essex Property Trust, brings extensive experience in operations and finance to the board. Her leadership roles include Executive Vice President and CFO at Essex and positions in investment management and banking. The board also noted the retirement of Peter Schwab, who served since 2014, to enhance board diversity. Rexford Industrial operates 288 properties in Southern California, focusing on industrial market growth.

Essex Property Trust (NYSE:ESS) has been recognized on Newsweek’s list of America’s Most Responsible Companies 2022, advancing 201 positions from last year. The firm ranked 2^nd among multifamily REITs, 7^th in the Real Estate & Housing sector, and 105^th overall out of 500 companies. This recognition underscores Essex's ongoing commitment to corporate social responsibility amidst pandemic challenges. Detailed insights into the company's ESG efforts and achievements are available in their Corporate Social Responsibility Report.

Essex Property Trust, Inc. (NYSE:ESS) has declared a quarterly cash dividend of $2.09 per common share. This dividend is payable on January 14, 2022, to shareholders recorded by January 3, 2022. Essex is an S&P 500 company focused on acquiring, developing, and managing multifamily residential properties along the West Coast, owning interests in 247 apartment communities with approximately 60,000 apartment homes and three properties in active development.

Essex Property Trust reported its Q3 2021 earnings with net income per diluted share rising to $1.82, up 61.1% from Q3 2020, mainly due to higher real estate sales gains. Total FFO reached $3.34 per share, a 16.0% increase, while Core FFO slightly declined by 1.0% to $3.12. The company has increased its full-year net income guidance and Core FFO expectations due to improved operating results and demand for housing. Notably, same-property revenues increased by 2.7% year-over-year and 3.2% sequentially, driven by rising rents and lower concessions.