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    Daniel

    Managing Director and Equity Research Analyst at Citi

    Daniel Ford is a Managing Director and Equity Research Analyst at Citi, specializing in utilities, power, and energy infrastructure sectors. He covers leading companies such as NextEra Energy, Dominion Energy, Duke Energy, and Exelon, and has built a reputation for delivering consistently accurate forecasts and insightful industry analysis. Daniel joined Citi in 2003, previously working at Lehman Brothers and Credit Suisse, and holds an MBA from Columbia Business School as well as FINRA Series 7, 63, 86, and 87 licenses. Recognized as a top-ranked analyst by Institutional Investor and other industry benchmarks, Daniel has achieved a track record of above-average success rates and returns with his stock recommendations over the years.

    Daniel's questions to ESSEX PROPERTY TRUST (ESS) leadership

    Daniel's questions to ESSEX PROPERTY TRUST (ESS) leadership • Q3 2024

    Question

    Daniel from Citi inquired about the timeline for bad debt normalization in Los Angeles and Alameda County and sought more detail on the improving tech job backdrop.

    Answer

    Angela Kleiman, an executive, expressed confidence in the recovery of LA and Alameda, citing a significant drop in delinquency in LA from nearly 5% to 1.6% of rent, aided by court processes. She also pointed to future economic benefits from the World Cup, Olympics, and a proposed film tax credit increase. Regarding tech jobs, she noted that openings at the top 20 tech companies have returned to pre-COVID averages, signaling future hiring potential, though the trend can be lumpy.

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