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 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.
IPO Year: 1994
Exchange: NYSE
Website: essexapartmenthomes.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/21/2025 | $308.00 → $310.00 | Hold → Buy | Deutsche Bank |
| 1/13/2025 | $323.00 → $310.00 | Market Perform → Outperform | BMO Capital Markets |
| 12/17/2024 | $316.00 | Equal Weight | Barclays |
| 12/17/2024 | $297.00 → $303.00 | Neutral → Underweight | Analyst |
| 10/21/2024 | Outperform → Mkt Perform | Raymond James | |
| 9/24/2024 | $307.00 → $321.00 | Buy → Neutral | BofA Securities |
| 9/11/2024 | $333.00 | Outperform | Exane BNP Paribas |
| 9/4/2024 | $318.00 | Neutral | Goldman |
| 4/1/2024 | $250.00 → $275.00 | Neutral → Buy | BofA Securities |
| 3/18/2024 | $265.00 | Mkt Perform → Outperform | Raymond James |
4 - ESSEX PROPERTY TRUST, INC. (0000920522) (Issuer)
4 - ESSEX PROPERTY TRUST, INC. (0000920522) (Issuer)
4 - ESSEX PROPERTY TRUST, INC. (0000920522) (Issuer)
4 - ESSEX PROPERTY TRUST, INC. (0000920522) (Issuer)
4 - ESSEX PROPERTY TRUST, INC. (0000920522) (Issuer)
4 - ESSEX PROPERTY TRUST, INC. (0000920522) (Issuer)
4 - ESSEX PROPERTY TRUST, INC. (0000920522) (Issuer)
4 - ESSEX PROPERTY TRUST, INC. (0000920522) (Issuer)
4 - ESSEX PROPERTY TRUST, INC. (0000920522) (Issuer)
4 - ESSEX PROPERTY TRUST, INC. (0000920522) (Issuer)
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 2025 Highlights: Reported Net Income per diluted share for the first quarter of 2025 of $3.16, compared to $4.25 in the first quarter of 2024. The decr
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 webcast. Phone: Dial toll-free, (877) 407-0784, or toll/international, (201) 689-8560. No passcode is necessary. Replay: A rebroadcast of the live call will be available online for 30 days and digitally for 7 days. To access the replay
Essex Property Trust, Inc. (NYSE:ESS) announced today its year to date transaction activity detailed in the table below. The transaction activity year to date results in a reallocation towards the Northern California region with the purchase of newer communities in submarkets where Essex expects lower supply and higher rent growth over the foreseeable future. The match funded transactions are net neutral to the Company's 2025 Core FFO forecast. ACQUISITIONS Property Location Region Year Built Acquisition Date Contract Price Apartment Homes Price per Home(1) The Plaza Foster City, CA NorCal 2013 Jan 2025 $161.4M 307 $512K One Hundre
Establishes Record Date for the Annual Shareholders' Meeting Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has approved a 4.9% increase to its annual cash dividend. This represents the Company's 31st consecutive annual dividend increase. The Board of Directors has declared a first quarter dividend of $2.57 per share, payable on April 15, 2025 to shareholders of record as of March 31, 2025. On an annualized basis, the dividend represents a distribution of $10.28 per common share. The Annual Meeting of Shareholders will be held virtually on Tuesday, May 13, 2025 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern. Shareholders of record as of February 28, 202
Essex Property Trust, Inc. (NYSE:ESS) (the "Company") announced today its fourth quarter and full-year 2024 earnings results and related business activities. Net Income, Funds from Operations ("FFO"), and Core FFO per diluted share for the three and twelve months ended December 31, 2024 are detailed below. Three Months Ended December 31, Twelve Months Ended December 31, % % 2024 2023 Change 2024 2023 Change Per Diluted Share Net Income $4.00 $1.02 292.2% $11.54 $6.32 82.6% Total FFO
Essex Property Trust, Inc. (NYSE:ESS) announced today the income tax treatment for its 2024 distributions to shareholders. The 2024 distribution characteristics are as follows: Common Stock – CUSIP Number 297178105: Record Payment Cash Distribution Ordinary Taxable Qualified Return of Capital Gain Unrecaptured Section 1250 Capital Gain Section 199A Section 897 Date Date Per Share Dividend Dividend Capital (20% rate) (25% rate) Dividend Gain 1/2/2024 1/12/2024 $2.31000 $2.26821 $0.00000 $0.00000 $0.04179 $0.00000
Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its fourth quarter 2024 earnings after the market closes on Tuesday, February 4, 2025. A conference call with senior management is scheduled for Wednesday, February 5, 2025 at 9:00 a.m. Pacific Time or 12:00 p.m. Eastern Time. The fourth quarter conference call is open to everyone and can be accessed by: Internet: Go to www.essex.com; click on Investors and the fourth quarter earnings webcast. Phone: Dial toll-free, (877) 407-0784, or toll/international, (201) 689-8560. No passcode is necessary. Replay: A rebroadcast of the live call will be available online for 30 days and digitally for 7 days. To access
Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.45 per common share, payable January 15, 2025 to shareholders of record as of January 2, 2025. 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 254 apartment communities comprising approximately 62,000 apartment homes. Additional information about the Company can be found on the Company's website at www.essex.
Essex Property Trust, Inc. (NYSE:ESS) (the "Company") announced today its third quarter 2024 earnings results and related business activities. Net Income, Funds from Operations ("FFO"), and Core FFO per diluted share for the quarter ended September 30, 2024 are detailed below. Three Months Ended September 30, Nine Months Ended September 30, % % 2024 2023 Change 2024 2023 Change Per Diluted Share Net Income $1.84 $1.36 35.3% $7.54 $5.30 42.3% Total FFO $3.81 $3.69 3.3% $12.30 $11.37 8.2% Core FFO $3.91 $3.78 3.4% $11.68 $11.21 4
Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its third quarter 2024 earnings after the market closes on Tuesday, October 29, 2024. A conference call with senior management is scheduled for Wednesday, October 30, 2024 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern Time. The third quarter conference call is open to everyone and can be accessed by: Internet: Go to www.essex.com; click on Investors and the third quarter earnings webcast. Phone: Dial toll-free, (877) 407-0784, or toll/international, (201) 689-8560. No passcode is necessary. Replay: A rebroadcast of the live call will be available online for 30 days and digitally for 7 days. To access the re
Public Storage (NYSE:PSA) (the "Company") announced today the appointment of Maria R. Hawthorne to its Board of Trustees, effective immediately, with an initial term expiring at the 2025 annual meeting of shareholders. Ms. Hawthorne will serve as a member of the Audit Committee. Ms. Hawthorne brings over 35 years of real estate industry experience, including extensive executive management, operational, and leadership development experience. Ms. Hawthorne has been a member of the board of directors of Essex Property Trust, Inc. (NYSE:ESS), a REIT that acquires, develops, redevelops, and manages multifamily residential properties, since March 2020, and of ASGN Incorporated (NYSE:ASGN), a le
Essex Property Trust, Inc. (NYSE:ESS) announced today the planned retirement of Michael J. Schall, the Company's President and CEO since 2011, effective March 31, 2023. Thereafter, Mr. Schall will continue to serve on the Company's Board of Directors and will remain on as a part-time employee. The Board of Directors has appointed Angela L. Kleiman, the Company's Senior Executive Vice President and Chief Operating Officer, to succeed Mr. Schall as President and CEO. "Throughout his long career at Essex, Mike's strategic vision and strong leadership has driven Essex's growth and success. He has developed a culture of achievement, assembled a strong executive team, and has been a prudent stew
LOS ANGELES, Dec. 27, 2021 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE:REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced that Angela Kleiman has been appointed as an independent director to the Company's Board of Directors effective December 31, 2021. Ms. Kleiman is currently Senior Executive Vice President and Chief Operating Officer of Essex Property Trust (NYSE:ESS), a fully integrated real estate
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Deutsche Bank upgraded Essex Property from Hold to Buy and set a new price target of $310.00 from $308.00 previously
BMO Capital Markets upgraded Essex Property from Market Perform to Outperform and set a new price target of $310.00 from $323.00 previously
Barclays initiated coverage of Essex Property with a rating of Equal Weight and set a new price target of $316.00
Analyst downgraded Essex Property from Neutral to Underweight and set a new price target of $303.00 from $297.00 previously
Raymond James downgraded Essex Property from Outperform to Mkt Perform
BofA Securities downgraded Essex Property from Buy to Neutral and set a new price target of $321.00 from $307.00 previously
Exane BNP Paribas initiated coverage of Essex Property with a rating of Outperform and set a new price target of $333.00
Goldman initiated coverage of Essex Property with a rating of Neutral and set a new price target of $318.00
BofA Securities upgraded Essex Property from Neutral to Buy and set a new price target of $275.00 from $250.00 previously
Raymond James upgraded Essex Property from Mkt Perform to Outperform and set a new price target of $265.00
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 2025 Highlights: Reported Net Income per diluted share for the first quarter of 2025 of $3.16, compared to $4.25 in the first quarter of 2024. The decr
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 webcast. Phone: Dial toll-free, (877) 407-0784, or toll/international, (201) 689-8560. No passcode is necessary. Replay: A rebroadcast of the live call will be available online for 30 days and digitally for 7 days. To access the replay
Essex Property Trust, Inc. (NYSE:ESS) announced today its year to date transaction activity detailed in the table below. The transaction activity year to date results in a reallocation towards the Northern California region with the purchase of newer communities in submarkets where Essex expects lower supply and higher rent growth over the foreseeable future. The match funded transactions are net neutral to the Company's 2025 Core FFO forecast. ACQUISITIONS Property Location Region Year Built Acquisition Date Contract Price Apartment Homes Price per Home(1) The Plaza Foster City, CA NorCal 2013 Jan 2025 $161.4M 307 $512K One Hundre
Essex Property Trust, Inc. (NYSE:ESS) announced today that Angela L. Kleiman, President and CEO, will be participating in a roundtable presentation at the 2025 Citigroup Global Property CEO Conference held in Hollywood, FL on Monday, March 3, 2025 at 4:20 p.m. Eastern Time. To listen to the panel, please visit the webcast link under the latest events section of the Company's Investors website at www.essex.com. An archive of the webcast will be available for thirty days following the event. A copy of any materials provided by the Company at the conference can be obtained through the Investors section of the Company's website. About Essex Property Trust, Inc. Essex Property Trust, Inc.,
Establishes Record Date for the Annual Shareholders' Meeting Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has approved a 4.9% increase to its annual cash dividend. This represents the Company's 31st consecutive annual dividend increase. The Board of Directors has declared a first quarter dividend of $2.57 per share, payable on April 15, 2025 to shareholders of record as of March 31, 2025. On an annualized basis, the dividend represents a distribution of $10.28 per common share. The Annual Meeting of Shareholders will be held virtually on Tuesday, May 13, 2025 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern. Shareholders of record as of February 28, 202
Essex Property Trust, Inc. (NYSE:ESS) ("Essex") announced today that its operating partnership, Essex Portfolio, L.P. (the "Issuer"), priced an underwritten public offering of $400 million aggregate principal amount of 5.375% senior notes due 2035 (the "Notes"). The Notes were priced at 99.604% of par value with a yield to maturity of 5.425%. Interest is payable semiannually at an interest rate per annum of 5.375% on April 1 and October 1 of each year with the first interest payment due October 1, 2025. The Notes mature on April 1, 2035. The Notes will be the senior unsecured obligations of the Issuer and will be fully and unconditionally guaranteed by Essex. The Notes offering is expected
Essex Property Trust, Inc. (NYSE:ESS) (the "Company") announced today its fourth quarter and full-year 2024 earnings results and related business activities. Net Income, Funds from Operations ("FFO"), and Core FFO per diluted share for the three and twelve months ended December 31, 2024 are detailed below. Three Months Ended December 31, Twelve Months Ended December 31, % % 2024 2023 Change 2024 2023 Change Per Diluted Share Net Income $4.00 $1.02 292.2% $11.54 $6.32 82.6% Total FFO
Essex Property Trust, Inc. (NYSE:ESS) announced today the income tax treatment for its 2024 distributions to shareholders. The 2024 distribution characteristics are as follows: Common Stock – CUSIP Number 297178105: Record Payment Cash Distribution Ordinary Taxable Qualified Return of Capital Gain Unrecaptured Section 1250 Capital Gain Section 199A Section 897 Date Date Per Share Dividend Dividend Capital (20% rate) (25% rate) Dividend Gain 1/2/2024 1/12/2024 $2.31000 $2.26821 $0.00000 $0.00000 $0.04179 $0.00000
Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its fourth quarter 2024 earnings after the market closes on Tuesday, February 4, 2025. A conference call with senior management is scheduled for Wednesday, February 5, 2025 at 9:00 a.m. Pacific Time or 12:00 p.m. Eastern Time. The fourth quarter conference call is open to everyone and can be accessed by: Internet: Go to www.essex.com; click on Investors and the fourth quarter earnings webcast. Phone: Dial toll-free, (877) 407-0784, or toll/international, (201) 689-8560. No passcode is necessary. Replay: A rebroadcast of the live call will be available online for 30 days and digitally for 7 days. To access
Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.45 per common share, payable January 15, 2025 to shareholders of record as of January 2, 2025. 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 254 apartment communities comprising approximately 62,000 apartment homes. Additional information about the Company can be found on the Company's website at www.essex.