ESS Stock Recent News

Although the revenue and EPS for Essex Property Trust (ESS) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Essex Property Trust (ESS) came out with quarterly funds from operations (FFO) of $3.97 per share, beating the Zacks Consensus Estimate of $3.92 per share. This compares to FFO of $3.83 per share a year ago.

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its first quarter 2025 earnings results and related business activities. Net Income, Funds from Operations (“FFO”), and Core FFO per diluted share for the three-month period ended March 31, 2025 are detailed below.   Three Months Ended March 31, %   2025 2024 Change Per Diluted Share       Net Income $3.16 $4.25 -25.6% Total FFO $3.97 $4.60 -13.7% Core FFO $3.97 $3.83 3.7% First Quarter 20.

Despite elevated supply, ESS' Q1 results are likely to reflect the advantages of a high-quality property portfolio, strong demand and investments in technology.

Essex Property Trust is a reliable long-term stock with strong fundamentals in high-barrier West Coast markets, benefiting from limited new housing supply and high rental demand. ESS has demonstrated driven by strong property-level metrics as growth appears to be normalizing back to pre-2020 levels. ESS offers a well-covered 3.8% dividend yield and is attractively valued at a P/FFO of 17.0, which is well below its historical average.

Despite macroeconomic uncertainty and choppy consumer confidence, healthy rental demand amid favorable demographics and high homeownership costs poise Zacks Equity REIT - Residential industry players like EQR, ESS and UMH well for growth.

ESS to gain from a sturdy property base in the West Coast market, technology initiatives and a healthy balance sheet. Elevated unit supply is a concern.

Bloomberg Intelligence analysts identified 50 watchable firms for 2025, focusing on catalysts like leadership changes, acquisitions, and new products, with emphasis on AI and electric vehicles. Sixteen of the 35 dividend-paying companies are deemed "safer" with free cash flow yields exceeding dividend yields, including HSBC, China Hongqiao, and ITV. Analysts forecast net gains between 30.99% to 70.82% for top dividend focus companies by April 2026, with Broadcom and Subsea 7 leading projections.

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its first quarter 2025 earnings after the market closes on Tuesday, April 29, 2025. A conference call with senior management is scheduled for Wednesday, April 30, 2025 at 9:00 a.m. Pacific Time or 12:00 p.m. Eastern Time. The first quarter conference call is open to everyone and can be accessed by: Internet: Go to www.essex.com; click on Investors and the first quarter earnings web.

Residential REITs like AvalonBay, Equity Residential, and UDR are well-positioned to benefit from these improving fundamentals.