Welcome to our dedicated page for Essex Property Trust news (Ticker: ESS), a resource for investors and traders seeking the latest updates and insights on Essex Property Trust stock.
Essex Property Trust, Inc. (symbol: ESS) is a fully integrated Real Estate Investment Trust (REIT) that specializes in acquiring, developing, redeveloping, and managing multifamily residential properties across select West Coast communities. Founded in 1971, Essex has built a robust framework for creating value and managing risk through a sound real estate strategy, a seasoned management team, and a strong financial standing. These strategic pillars have consistently contributed to the company's performance and growth potential.
As of the latest update, Essex Property Trust boasts a portfolio of 252 apartment communities encompassing over 62,000 units. In addition, the company is actively developing a new property with 264 units. Essex focuses on owning large, high-quality properties situated in the urban and suburban submarkets of Southern California, Northern California, and Seattle. This geographical focus allows the company to capitalize on high-demand markets with strong rental income potential.
The company is committed to providing exceptional living experiences for its residents while delivering long-term value to its shareholders. Essex's properties are known for their premium locations, high-quality amenities, and sustainability initiatives, which align with the company's goal of operational excellence and environmental responsibility.
Essex Property Trust's recent achievements include significant property acquisitions, redevelopment projects, and strategic partnerships that enhance its market presence and operational efficiency. The company's strong financial health is reflected in its balanced sheet and prudent capital allocation, which supports ongoing growth and shareholder returns.
For investors and stakeholders, staying updated with the latest news and developments of Essex Property Trust is crucial to understanding its market position and future prospects. The company regularly communicates its performance, upcoming projects, and strategic initiatives, providing transparency and insights into its operations.
Stay tuned for the most recent updates and news from Essex Property Trust, Inc.
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 2nd among multifamily REITs, 7th in the Real Estate & Housing sector, and 105th 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.
Essex Property Trust, Inc. (NYSE:ESS) will announce its third quarter 2021 earnings after market hours on October 26, 2021. A conference call with management is scheduled for October 27, 2021, at 11:00 a.m. PT. The call is accessible via the company's website or by phone. Essex is a leading real estate investment trust focused on multifamily properties on the West Coast, managing 246 communities with approximately 60,000 units, and has three additional projects under development.
Essex Property Trust, Inc. (NYSE:ESS) announced that President and CEO Michael J. Schall will participate in the Bank of America Securities 2021 Global Real Estate Conference on September 21, 2021, at 11:15 a.m. ET. An updated September 2021 Investor Presentation is available on the Company's website. A live webcast of the event will be provided, with an archive accessible for 14 days post-event. Essex is a fully integrated REIT focused on multifamily properties on the West Coast, managing 246 communities and approximately 60,000 homes.
Essex Property Trust, Inc. (NYSE:ESS) has declared a quarterly cash dividend of $2.09 per common share, payable on October 15, 2021. Shareholders of record as of September 30, 2021 will receive this dividend. The company is a fully integrated real estate investment trust (REIT), focusing on multifamily residential properties across the West Coast, currently owning 246 apartment communities with around 60,000 apartment homes and three additional properties under development.
Essex Property Trust, Inc. (NYSE:ESS) has reaffirmed its full-year and Q3 2021 guidance while providing a preliminary operating update. The company reported a same-property revenue change of -8.1% in Q1 2021 and -3.0% in Q2 2021, with a preliminary increase of 2.6% for July-August 2021. Cash delinquencies were at 2.1% in Q1 2021, with a slight increase to 2.6% in Q2 2021. Financial occupancy remained stable at 96.7% in Q1, slightly decreasing to 96.4% in August 2021. Essex operates 246 communities with approximately 60,000 homes across the West Coast.
Essex Property Trust reported its Q2 2021 earnings showing a net income of $1.00 per diluted share, down 22.5% from $1.29 in Q2 2020, and a Core FFO of $3.04, exceeding guidance. However, same-property revenues and NOI declined by 3.0% and 4.2% respectively. The company raised guidance for full-year Net Income and Core FFO but noted continued pandemic-related uncertainty. Despite challenges, liquidity stands at approximately $1.3 billion, and the company experiences a growth in rents, slightly surpassing pre-pandemic levels.
Essex Property Trust (NYSE:ESS) plans to release its Q2 2021 earnings on July 29, 2021, after market close. A conference call with senior management is set for July 30, 2021, at 10:00 a.m. PT (1:00 p.m. ET). Investors can access the call via the website or by phone. The company is a leading real estate investment trust focused on multifamily properties on the West Coast, with 244 apartment communities and around 60,000 homes. For further details, visit www.essex.com.
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.
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