Every material Form 8-K Essex Property Trust has filed with the SEC since April 30, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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%.
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
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
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
Essex Property Trust reported fourth-quarter 2025 results, with Core FFO per diluted share up 1.5% year over year while net income per diluted share fell to $1.25 from $4.00, which the company attributes mainly to gains on real estate sales and remeasurement of co-investments in the prior-year period. The company also issued 2026 Core FFO guidance with a midpoint of $15.94 per diluted share, the same as its 2025 Core FFO, and said it would be $16.23 excluding structured finance headwinds.
Q4 2025 net income per diluted share $1.25 vs. $4.00 in Q4 2024; full-year $10.40 vs. $11.54
Q4 2025 Core FFO per diluted share $3.98 vs. $3.92; full-year $15.94 vs. $15.60, above the midpoint of original guidance
Q4 2025 same-property revenue grew 3.8% year over year; full-year same-property revenue grew 3.3%
2026 Core FFO per diluted share guidance midpoint $15.94, flat versus 2025; excluding structured finance impact, $16.23
Essex Portfolio, L.P., the operating partnership of Essex Property Trust, issued $350.0 million of 4.875% senior notes due February 15, 2036, guaranteed by the company. Net proceeds of about $344.2 million are intended mainly to help repay debt, including part of a $450.0 million 3.375% note maturing April 2026. The new debt adds to the company's borrowing obligations, though it is largely a refinancing of existing maturities.
Notes issued December 12, 2025 at 99.093% of principal, with net proceeds of about $344.2 million
Interest of 4.875% per year, paid semi-annually from August 15, 2026, maturing February 15, 2036
Proceeds to help repay the $450.0 million 3.375% senior notes due April 2026 and for general corporate purposes
Notes are unsecured and effectively subordinated to secured debt and subsidiary liabilities
Essex Property Trust reported third-quarter 2025 Core FFO of $3.97 per diluted share, up 1.5% from $3.91 a year earlier and $0.03 above the midpoint of its guidance range. Net income per diluted share rose to $2.56 from $1.84, mainly due to gains on sale of real estate, and the company raised its full-year 2025 Core FFO and net income guidance midpoints.
Q3 2025 Core FFO per diluted share $3.97 vs. $3.91 in Q3 2024; nine-month Core FFO $11.96 vs. $11.68
Q3 2025 net income per diluted share $2.56 vs. $1.84; nine-month Total FFO per share $12.03 vs. $12.30, down 2.2%
Full-year 2025 Core FFO guidance raised $0.03 at midpoint to $15.89 to $15.99; net income guidance raised $0.41 at midpoint to $10.53 to $10.63
Q3 2025 same-property revenue grew 2.7% and NOI grew 2.4% year over year; earnings call set for October 30, 2025 at 11 a.m. PT
Essex Property Trust reported second-quarter 2025 Core FFO of $4.03 per diluted share, up 2.3% from $3.94 a year earlier and $0.07 above the midpoint of its guidance range. The company raised its full-year 2025 Core FFO guidance to $15.80 to $16.02 per diluted share, with a midpoint of $15.91, up $0.10. Reported net income per diluted share rose to $3.44 from $1.45, mainly due to a gain on sale of real estate that the company excludes from Core FFO.
Q2 2025 Core FFO per diluted share $4.03 vs. $3.94 in Q2 2024, up 2.3%
Q2 2025 net income per diluted share $3.44 vs. $1.45, driven primarily by a gain on sale of real estate
Full-year 2025 Core FFO per diluted share guidance raised to $15.80 to $16.02 from $15.56 to $16.06
Same-property revenue growth of 3.2% and NOI growth of 3.3% for Q2 2025 versus Q2 2024
Essex Property Trust agreed to replace its $1.2 billion revolving credit facility with a new $1.5 billion facility maturing in January 2030, expected to take effect in July 2025. The company also took on a $300 million unsecured term loan and set up a $750 million commercial paper program, expanding its borrowing capacity and liquidity sources for shareholders.
New revolving facility: $1.5 billion maximum borrowing capacity, maturing January 2030, priced at SOFR plus 0.775%; $535 million was outstanding under the prior facility as of May 20, 2025.
New $300 million unsecured term loan maturing May 20, 2028, with no borrowings outstanding as of May 20, 2025; $150 million is swapped to an all-in rate of 4.1%.
Commercial paper program established with a maximum of $750 million outstanding at any time, backed by the revolving credit facility.
Essex Property Trust reported first quarter 2025 results on April 29, 2025. Core FFO per diluted share rose 3.7% from a year earlier to $3.97, beating the midpoint of its guidance by $0.05, while net income per diluted share fell 25.6% to $3.16 because of gains recognized in the first quarter of 2024. The company reaffirmed its full-year 2025 Core FFO guidance of $15.56 to $16.06 per diluted share.
Core FFO per diluted share was $3.97 versus $3.83 in Q1 2024; net income per diluted share was $3.16 versus $4.25.
Same-property revenue grew 3.4% year over year and same-property NOI grew 3.3%.
Full-year 2025 net income per diluted share guidance was raised to $9.19 to $9.69 from $5.79 to $6.29, while Core FFO guidance was unchanged at $15.56 to $16.06.
The annual dividend was increased 4.9% to $10.28 per common share, the company's 31st consecutive annual increase.
On February 18, 2025, Essex Portfolio, L.P., the operating partnership of Essex Property Trust, Inc., issued $400.0 million of 5.375% senior notes due April 1, 2035, with the parent company guaranteeing them. Net proceeds were approximately $395.5 million, which the filing says are intended mainly to repay debt maturities, including part of $500.0 million of 3.500% notes due April 2025.
Notes issued at 99.604% of principal, with semi-annual interest payments starting October 1, 2025
Proceeds of approximately $395.5 million after underwriting discount and offering expenses, partly earmarked for repaying $500.0 million of 3.500% notes due April 2025
Exhibit index describes the form of notes as 5.500% due 2034, which differs from the 5.375% due 2035 in the filing text
Essex Property Trust reported fourth-quarter 2024 net income of $4.00 per diluted share, up from $1.02 a year earlier, and full-year net income of $11.54 per diluted share, up from $6.32. Core FFO per diluted share rose 2.3% to $3.92 in the quarter and 3.8% to $15.60 for the year, which the company said exceeded the high end of its original guidance range. The company also issued 2025 Core FFO guidance of $15.56 to $16.06 per diluted share.
Q4 2024 net income per diluted share was $4.00 versus $1.02 in Q4 2023; the company attributed the increase mainly to gains on sale of real estate and remeasurements of co-investments
Q4 2024 Core FFO per diluted share was $3.92 versus $3.83; full-year 2024 Core FFO per diluted share was $15.60 versus $15.03
Q4 2024 Total FFO per diluted share was $3.69, down 4.7% from $3.87 a year earlier
2025 Core FFO guidance is $15.56 to $16.06 per diluted share, with a midpoint of $15.81; the earnings call is set for February 5, 2025 at 9:00 a.m. PT
Essex Property Trust reported third quarter 2024 net income of $1.84 per diluted share, up from $1.36 a year earlier, and Core FFO of $3.91 per diluted share, up 3.4%. The company raised its full-year 2024 Core FFO and net income guidance midpoints but lowered its Total FFO midpoint, so shareholders see higher core earnings and a mixed picture on the FFO guidance.
Q3 2024 net income per diluted share was $1.84 versus $1.36 in Q3 2023, largely due to gains on remeasurement of co-investments.
Core FFO per diluted share was $3.91 in Q3 2024, $0.04 above the midpoint of guidance and up 3.4% from $3.78.
Full-year 2024 Core FFO guidance midpoint rose $0.06 to $15.56; the Total FFO midpoint fell $0.13 to $15.92.
Same-property revenue grew 3.5% and same-property NOI grew 2.6% versus Q3 2023.
Essex Property Trust said Brennan McGreevy, previously its Group Vice President and Controller, has been promoted to Group Vice President and Chief Accounting Officer, and will also serve as principal accounting officer. John Farias, the prior Senior Vice President and Chief Accounting Officer, is moving to a new role in Operations Management as part of a planned transition. The change is an internal succession in the finance function and the filing reports no change to financial results.
Brennan McGreevy, age 40, promoted to Group Vice President and Chief Accounting Officer effective September 4, 2024
McGreevy joined Essex in May 2020 after more than 13 years at KPMG LLP in Audit Services
John Farias moves from Senior Vice President and Chief Accounting Officer to a new role in Operations Management
McGreevy signed an indemnification agreement with the company on February 7, 2024
Essex reported second-quarter 2024 net income of $1.45 per diluted share, down from $1.55 a year earlier, while Core FFO per diluted share rose 4.5% to $3.94. The company raised its full-year 2024 Core FFO guidance midpoint to $15.50 from $15.23 and its net income per diluted share midpoint to $8.35 from $8.24, so shareholders see higher expected operating results even though quarterly GAAP earnings fell.
Q2 2024 Core FFO per diluted share was $3.94 versus $3.77 in Q2 2023; net income per diluted share was $1.45 versus $1.55.
Full-year 2024 Core FFO per diluted share guidance range revised to $15.38 to $15.62, up from $15.03 to $15.43.
Same-property revenues grew 3.4% year over year in Q2 2024, and same-property NOI grew 3.0%.
Results were released July 30, 2024; the earnings conference call is set for July 31, 2024 at 10:00 a.m. PT.
Essex Property Trust reported first-quarter 2024 net income of $4.25 per diluted share, up from $2.38, with the increase largely due to a gain on remeasurement of co-investments. Core FFO per diluted share rose 4.9% to $3.83 and exceeded the midpoint of company guidance by $0.09, and the company raised its full-year 2024 Core FFO guidance midpoint by $0.20 to $15.23.
Net income per diluted share of $4.25 for Q1 2024 versus $2.38 in Q1 2023, driven by a $138.3 million gain on remeasurement of co-investments
Core FFO per diluted share of $3.83 for Q1 2024, up 4.9% from $3.65, and $0.09 above the guidance midpoint
Full-year 2024 Core FFO guidance range raised to $15.03 to $15.43 per diluted share, midpoint up $0.20
Same-property revenue growth of 3.6% and NOI growth of 3.0% year over year for Q1 2024
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