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    Sanketkumar Agrawal

    Senior Managing Director and Equity Research Analyst at Evercore ISI

    Sanketkumar Agrawal is a Senior Managing Director and Equity Research Analyst at Evercore ISI, specializing in coverage of publicly listed real estate investment trusts (REITs), including leading names such as UDR Inc., Welltower Inc., and Kimco Realty Corp. He is recognized for his collaborative research approach and has consistently maintained accurate performance targets, such as recommending 'In Line' ratings and issuing price targets, contributing to Evercore ISI's influence in the REIT equity markets. Agrawal began his career in equity research and has held progressing roles leading up to his current position at Evercore ISI, where he joined after building substantial sector expertise. Professionally credentialed and holding all relevant regulatory securities licenses, he is regarded for his disciplined analysis and regular contributions to institutional investment performance reports.

    Sanketkumar Agrawal's questions to ESSEX PROPERTY TRUST (ESS) leadership

    Sanketkumar Agrawal's questions to ESSEX PROPERTY TRUST (ESS) leadership • Q1 2025

    Question

    Sanketkumar Agrawal, on for Steve Sakwa, asked for clarification on the assumed 20 basis point acceleration in blended rent growth for Q2 and requested specifics on new lease and renewal rates achieved in April and May.

    Answer

    Executive Angela Kleiman clarified that the modest Q2 acceleration is a mathematical result of Q1's outperformance against an unchanged full-year guidance, not a reflection of changing market views. She reported that April new lease rates were consistent with March and the company's plan. For renewals, April notices were sent in the low 4% range and finalized in the high 3% range, which was also in line with expectations.

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