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AI brief of an SEC Form 8-K · Essex Property Trust (ESS)

Essex Property Trust Q2 Core FFO up 4.5%; full-year 2024 guidance raised

Mixed Impact 4 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyEssex Property Trust (ESS)
Form8-K, current report
Filed with the SECJul 30, 2024, 4:45 PM ET
Accession number0001140361-24-034917

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2024.

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.