Oct 27, 4:34 PM ET
Essex Property Trust reported third quarter 2026 Core FFO of $4.00 per diluted share, up 0.8% from $3.97 a year earlier, and raised its full-year 2026 Core FFO guidance midpoint by $0.02 to $16.16. Net income per diluted share fell 40.6% to $1.52, mainly because of gains on real estate sales recognized in the third quarter of 2025.
- Q3 2026 Core FFO per diluted share was $4.00 versus $3.97 in Q3 2025; it exceeded the guidance midpoint by $0.01, driven by same-property revenue growth.
- Q3 2026 net income per diluted share was $1.52 versus $2.56 in Q3 2025, a 40.6% decrease.
- Full-year 2026 guidance: Core FFO range revised to $16.10 to $16.22 (midpoint $16.16); net income range revised to $5.62 to $5.74 (midpoint $5.68, up $0.10).
- Same-property revenue grew 3.0% year over year in Q3 2026; same-property NOI grew 3.1%.
Read the filing on SEC.gov ↗
Sep 25, 4:06 PM ET
Essex Property Trust entered a $275 million unsecured term loan with Bank of America as administrative agent on September 24, 2026. The company says proceeds will repay commercial paper borrowings and fund general corporate purposes, and the loan can be increased by up to $225 million.
- Facility size is $275 million, maturing September 24, 2029, with two one-year extension options
- Interest is Secured Overnight Financing Rate plus 0.800% at closing, tied to the operating partnership's unsecured credit ratings
- Proceeds are expected to repay commercial paper debt and for general corporate purposes
- Facility can be increased to $500 million in aggregate if lenders voluntarily agree
Read the filing on SEC.gov ↗
Jul 29, 4:34 PM ET
Essex Property Trust reported second quarter 2026 Core FFO of $4.08 per diluted share, up 1.2% from $4.03 a year earlier and $0.10 above the midpoint of its guidance range. Net income per diluted share fell to $0.97 from $3.44, mainly because of a 2025 gain on sale of real estate and land, and the company revised its full-year net income guidance down while raising its Core FFO guidance.
- Q2 2026 Core FFO per diluted share was $4.08 versus $4.03 in Q2 2025, up 1.2%
- Q2 2026 net income per diluted share was $0.97 versus $3.44 in Q2 2025, down 71.8%
- Full-year 2026 Core FFO per diluted share guidance raised to $16.03 to $16.25, a $0.20 increase at the midpoint
- Full-year 2026 net income per diluted share guidance lowered to $5.47 to $5.69, a $0.29 decrease at the midpoint
Read the filing on SEC.gov ↗
Apr 28, 4:35 PM ET
Essex Property Trust reported first-quarter 2026 results, with Core FFO per diluted share of $4.06, up 2.3% from $3.97 a year earlier and $0.11 above the midpoint of its guidance range. Net income per diluted share fell to $1.65 from $3.16, mainly because of a gain on sale of real estate and land recognized in the first quarter of 2025. For shareholders, the company kept its full-year Core FFO guidance unchanged while raising its midpoints for net income and Total FFO.
- Core FFO per diluted share $4.06 vs. $3.97 in Q1 2025 (+2.3%); same-property revenue up 2.9% and same-property NOI up 4.1% year over year
- Net income per diluted share $1.65 vs. $3.16 in Q1 2025 (-47.8%), mainly due to a Q1 2025 gain on sale of real estate and land
- Full-year 2026 Core FFO guidance reaffirmed at $15.69 to $16.19; Total FFO midpoint raised $0.17 to $15.96 and net income midpoint raised $0.07 to $5.87
- Repurchased $61.9 million of common stock year-to-date through April 27, 2026; $240.8 million of purchase authority remains
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
