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, Inc. reports recurring financial and operating updates for an apartment portfolio concentrated in Southern California, Northern California and the Seattle metro area. Company news commonly covers net income, Funds from Operations and Core FFO, as well as same-property revenue and net operating income by West Coast submarket.
Recurring announcements also include common-stock dividend declarations and distribution tax characteristics, annual-shareholder-meeting record dates, proxy-related meeting logistics and management participation in real estate conferences. Capital-market items may involve Essex Portfolio, L.P., the operating partnership used in the company’s financing structure.
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Essex Property Trust, Inc. (NYSE:ESS) plans to release its first quarter 2023 earnings on Thursday, April 27, 2023, after the market closes. A conference call with senior management is scheduled for Friday, April 28, 2023, at 10:00 a.m. Pacific Time. This call is open to the public, and participants can access it via the company’s website or by phone. Essex is a fully integrated real estate investment trust (REIT) focusing on multifamily residential properties primarily in West Coast markets, managing approximately 62,000 apartment homes across 252 apartment communities.
Essex Property Trust, Inc. (NYSE: ESS) announced that President and CEO Michael J. Schall will participate in a roundtable presentation at the 2023 Citigroup Global Property CEO Conference. This event takes place on March 6, 2023, at 4:20 p.m. Eastern Time in Hollywood, FL. Interested parties can access the webcast through the Investors section of Essex's website, with an archive available for 30 days post-event. As an S&P 500 company, Essex manages 252 apartment communities with around 62,000 homes across West Coast markets, continually focusing on multifamily residential properties.
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 $2.31 per share, payable on April 14, 2023, to shareholders of record as of March 31, 2023. On an annual basis, this equates to $9.24 per common share. Additionally, the company's Annual Meeting of Shareholders will be held virtually on May 9, 2023, where eligible shareholders can vote.
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.