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Essex Property Trust, Inc. - ESS STOCK NEWS

Welcome to our dedicated news page for Essex Property Trust (Ticker: ESS), a resource for investors and traders seeking the latest updates and insights on Essex Property Trust.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Essex Property Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Essex Property Trust's position in the market.

Rhea-AI Summary
Essex Property Trust, Inc. (ESS) acquires its joint venture partner's 49.9% interest in the BEXAEW portfolio for $505.0 million, comprising four properties with 1,480 apartment homes. The purchase includes repayment of $219.9 million debt and is expected to yield 5.9% after integration, with an 11.4% IRR and $1.5 million promote income.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
acquisition
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Rhea-AI Summary
Essex Property Trust, Inc. (NYSE:ESS) announced a $350 million public offering of 5.500% senior notes due 2034. The Notes were priced at 99.752% of par value with a yield to maturity of 5.532%. Proceeds will repay upcoming debt maturities and fund general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
none
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Rhea-AI Summary
Essex Property Trust, Inc. (NYSE:ESS) CEO Angela L. Kleiman to participate in a roundtable presentation at the 2024 Citigroup Global Property CEO Conference. Investors can access the webcast on the company's website. Materials from the conference will be available for thirty days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.93%
Tags
conferences
Rhea-AI Summary
Essex Property Trust, Inc. (ESS) increases its annual cash dividend by 6.1% for the 30th consecutive year. The first quarter dividend of $2.45 per share will be payable on April 12, 2024, to shareholders of record as of March 29, 2024. The annualized dividend amounts to $9.80 per common share. The Annual Shareholders’ Meeting is scheduled for May 14, 2024, with voting rights for shareholders of record as of March 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.27%
Tags
dividends
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Rhea-AI Summary
Essex Property Trust, Inc. (NYSE: ESS) announced its Q4 and full-year 2023 earnings, including a net income decline of 64.3% for Q4 and a 0.8% increase for the full year. Core FFO per diluted share grew by 1.6% for Q4 and 3.6% for the full year, exceeding guidance. Same-property revenues and NOI grew by 2.9% and 2.3% for Q4, and 4.4% and 4.3% for the full year, with Southern California and Northern California showing positive growth. The company repurchased shares and disposed of one apartment community. However, it recognized a $33.7 million impairment on a preferred equity investment in Oakland, CA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.7%
Tags
earnings
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Rhea-AI Summary
Essex Property Trust, Inc. (NYSE:ESS) has announced the income tax treatment for its 2023 distributions to shareholders. The distribution characteristics include cash distribution per share, ordinary taxable dividend, qualified dividend, return of capital, capital gain, unrecaptured section 1250 capital gain, section 199A dividend, and section 897 gain. The company did not incur any foreign taxes during 2023. Shareholders are encouraged to consult with their tax advisors for specific tax treatment of dividends.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
Rhea-AI Summary
Essex Property Trust, Inc. (NYSE:ESS) plans to release its Q4 2023 earnings on February 6, 2024, followed by a conference call on February 7, 2024. The call will be open to everyone and can be accessed via internet or phone. A replay will be available online for 30 days and digitally for 7 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
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Rhea-AI Summary
Essex Property Trust, Inc. (NYSE:ESS) declares a regular quarterly cash dividend of $2.31 per common share, payable on January 12, 2024, to shareholders of record as of January 2, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
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Rhea-AI Summary
Essex Property Trust, Inc. (NYSE: ESS) announced its Q3 2023 earnings results and business activities. Net Income, FFO, and Core FFO per diluted share showed positive growth compared to the same period last year. The company achieved same-property revenue and NOI growth, closed secured loans, and committed to preferred equity investment. The full-year 2023 guidance ranges were reaffirmed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
Tags
earnings
Rhea-AI Summary
Essex Property Trust, Inc. plans to release its Q3 2023 earnings on October 26, 2023. A conference call with senior management is scheduled for October 27, 2023. No concrete business takes affecting stock price were mentioned.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
Tags
earnings
Essex Property Trust, Inc.

NYSE:ESS

ESS Rankings

ESS Stock Data

16.04B
63.57M
1.22%
98.5%
2.4%
Other Financial Vehicles
Finance and Insurance
Link
US
San Mateo

About ESS

essex property trust, inc., is a fully integrated real estate investment trust (reit) that acquires, develops, redevelops, and manages multifamily residential properties in selected west coast communities. since its founding in 1971, essex has developed a clearly defined approach for creating value and managing risk. the company's approach has three components - a sound real estate strategy, an experienced management team, and a strong financial condition. these three factors have contributed to the company's historical results and future growth potential.