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

Essex Q1 Core FFO rises 2.3% to $4.06 per share; full-year guidance reaffirmed

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyEssex Property Trust (ESS)
Form8-K, current report
Filed with the SECApr 28, 2026, 4:35 PM ET
Accession number0001140361-26-017477

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 April 28, 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.