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

Essex Q4 net income rose to $4.00 per diluted share; Core FFO up 2.3% from a year earlier

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyEssex Property Trust (ESS)
Form8-K, current report
Filed with the SECFeb 4, 2025, 4:38 PM ET
Accession number0001140361-25-003021

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 February 04, 2025.

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.