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

Essex Q4 Core FFO per share rises 1.5% to $3.98; net income falls to $1.25

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyEssex Property Trust (ESS)
Form8-K, current report
Filed with the SECFeb 4, 2026, 4:43 PM ET
Accession number0001140361-26-003709

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, 12:42 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, 2026.

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.