Welcome to our dedicated page for Essex Ppty Tr news (Ticker: ESS), a resource for investors and traders seeking the latest updates and insights on Essex Ppty Tr stock.
Essex Property Trust (ESS) maintains its position as a leading West Coast multifamily REIT through strategic portfolio management and operational excellence. This news hub provides investors and stakeholders with essential updates spanning corporate developments, financial disclosures, and market activities.
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Essex Property Trust (NYSE:ESS) has announced a 5.0% increase in its annual cash dividend, marking the 29th consecutive annual dividend increase. The first quarter dividend is set at
Essex Property Trust (NYSE: ESS) reported its Q4 and full-year 2022 earnings, highlighting a 36.2% increase in net income per diluted share for Q4 compared to 2021, reaching $2.86. However, full-year net income decreased 16.5% to $6.27 per share. Funds from Operations (FFO) declined 12.3% in Q4, totaling $3.77 per share, and saw a 2.0% annual decrease. Core FFO grew 16.0% in Q4 and 16.2% for the full year. The company acquired properties worth $215.9 million and disposed of one for $160 million. Essex maintains strong liquidity of approximately $1.3 billion as of February 6, 2023.
Essex Property Trust, Inc. (NYSE:ESS) has announced the income tax treatment for its 2022 shareholder distributions. The total cash distribution for 2022 amounted to $8.69 per share, comprising ordinary taxable income of $6.97 and a return of capital of $1.72. The distributions were recorded on various dates throughout 2022, with the last in September. No foreign taxes were incurred during the year. Shareholders should consult tax advisors regarding specific treatment of these dividends.
Essex Property Trust, Inc. (NYSE:ESS) will release its fourth quarter 2022 earnings on February 7, 2023, after market close. A conference call with management is scheduled for February 8, 2023, at 10:00 a.m. PT. The call is accessible via the company's website at www.essex.com or by phone at (877) 407-0784. Essex, an S&P 500 company, manages 253 apartment communities with approximately 62,000 homes across the West Coast.
Essex Property Trust, Inc. (NYSE:ESS) has declared a quarterly cash dividend of $2.20 per common share. This dividend will be payable on January 13, 2023, to shareholders of record as of January 3, 2023. The company, which is part of the S&P 500, specializes in acquiring, developing, and managing multifamily residential properties across selected West Coast markets, with ownership interests in 253 apartment communities totaling around 62,000 apartment homes.
Essex Property Trust reported its Q3 2022 results with a net income of $1.43 per share, down 21.4% from $1.82 in Q3 2021. Despite this, Core FFO reached a record high of $3.69, marking an 18.3% increase year-over-year. Total FFO increased by 3.3%. The company observed same-property revenue growth of 11.4% and net operating income growth of 15.4%. Essex completed $65.4 million in structured finance investments and repurchased $97.1 million worth of its shares. Full-year guidance was revised upwards for Core FFO to $14.42-$14.52.
Essex Property Trust, Inc. (NYSE:ESS) will release its Q3 2022 earnings on October 26, 2022, after market close. A conference call with senior management is scheduled for October 27, 2022, at 11:00 a.m. PT to discuss the results. All interested parties can listen via the [Essex website](https://www.essex.com) or by phone, with toll-free access at (877) 407-0784. The call will be available for replay online for 30 days and digitally for 7 days. Essex is a leading REIT focused on multifamily residential properties along the West Coast.
Essex Property Trust, Inc. (NYSE: ESS) announced the retirement of President and CEO Michael J. Schall, effective March 31, 2023. Schall will remain on the Board and as a part-time employee. Angela L. Kleiman, previously Senior Executive Vice President and COO, will take over as CEO on April 1, 2023. Kleiman has a strong background in the REIT industry and has overseen significant operational improvements. Under Schall, Essex grew its dividend and earned a spot in the S&P 500 Dividend Aristocrats. The leadership transition aims to continue the company's growth trajectory.
Essex Property Trust, Inc. (NYSE:ESS) has declared a quarterly cash dividend of $2.20 per common share, with payment scheduled for October 14, 2022. Shareholders must be on record by September 30, 2022 to qualify for this dividend. The company operates as a fully integrated real estate investment trust (REIT) focused on multifamily residential properties primarily in West Coast markets. Essex currently manages 253 apartment communities, totaling approximately 62,000 apartment homes, with ongoing developments as part of its growth strategy.
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