Earnings summaries and quarterly performance for ESSEX PROPERTY TRUST.
Executive leadership at ESSEX PROPERTY TRUST.
Angela L. Kleiman
Detailed
Chief Executive Officer and President
CEO
AM
Anne Morrison
Detailed
Chief Administrative Officer, General Counsel and Executive Vice President
BM
Barb M. Pak
Detailed
Chief Financial Officer and Executive Vice President
RK
Rylan K. Burns
Detailed
Chief Investment Officer and Executive Vice President
Board of directors at ESSEX PROPERTY TRUST.
AM
Amal M. Johnson
Detailed
Director
AB
Anne B. Gust
Detailed
Director
GM
George M. Marcus
Detailed
Chairman of the Board
IF
Irving F. Lyons, III
Detailed
Lead Independent Director
JV
John V. Arabia
Detailed
Director
KR
Keith R. Guericke
Detailed
Vice Chairman of the Board
MR
Maria R. Hawthorne
Detailed
Director
MK
Mary Kasaris
Detailed
Director
Research analysts who have asked questions during ESSEX PROPERTY TRUST earnings calls.
Adam Kramer
Morgan Stanley
4 questions for ESS
Also covers: AMH, AVB, CPT +5 more
Alexander Goldfarb
Piper Sandler
4 questions for ESS
Also covers: ALEX, ALX, AVB +25 more
HS
Haendel St. Juste
Mizuho Financial Group
4 questions for ESS
Also covers: AAT, ADC, AIV +21 more
John Kim
BMO Capital Markets
4 questions for ESS
Also covers: AIV, ALX, ARDX +32 more
AW
Austin Wurschmidt
KeyBanc Capital Markets Inc.
3 questions for ESS
Also covers: AHR, AIV, AMH +20 more
Brad Heffern
RBC Capital Markets
3 questions for ESS
Also covers: ADC, AMH, AVB +15 more
Eric Wolfe
Citi
3 questions for ESS
Also covers: AMH, AVB, CPT +13 more
JB
Julien Blouin
The Goldman Sachs Group, Inc.
3 questions for ESS
Also covers: ALX, AMH, CBRE +11 more
Nicholas Yulico
Scotiabank
3 questions for ESS
Also covers: AHR, ALX, AVB +20 more
Rich Hightower
Barclays
3 questions for ESS
Also covers: ADC, AMH, AVB +18 more
WG
Wesley Golladay
Robert W. Baird & Co.
3 questions for ESS
Also covers: ADC, AHR, ARE +23 more
AK
Alex Kalmus
Zelman & Associates
2 questions for ESS
Also covers: AIV, CPT, UDR
James Feldman
Wells Fargo
2 questions for ESS
Also covers: AMH, ARE, AVB +16 more
Jamie Feldman
Wells Fargo & Company
2 questions for ESS
Also covers: AMH, ARE, AVB +17 more
JG
Jana Galan
Bank of America
2 questions for ESS
Also covers: ADC, AHH, BXP +20 more
John Pawlowski
Green Street
2 questions for ESS
Also covers: AIV, AMH, AVB +13 more
Michael Goldsmith
UBS
2 questions for ESS
Also covers: ADC, AHR, AMH +33 more
RA
Richard Anderson
Wedbush Securities
2 questions for ESS
Also covers: AIV, ARE, AVB +25 more
Steve Sakwa
Evercore ISI
2 questions for ESS
Also covers: ALX, AMH, AVB +31 more
Alexander Kim
Zelman & Associates
1 question for ESS
Also covers: AVB, CPT, EQR +2 more
Alex Kim
Zelman & Associates
1 question for ESS
Also covers: AVB, CPT, EQR +2 more
Ami Probandt
UBS
1 question for ESS
Also covers: AVB, CPT, CSR +4 more
Daniel
Citi
1 question for ESS
DS
David Segall
Green Street
1 question for ESS
Also covers: AMH, CPT, ELS +3 more
Jeffrey Spector
BofA Securities
1 question for ESS
Also covers: AKR, AMH, AVB +25 more
Josh Dennerlein
Bank of America
1 question for ESS
Linda Tsai
Jefferies
1 question for ESS
Also covers: ADC, AKR, AMH +31 more
Nick Joseph
Citigroup Inc.
1 question for ESS
Also covers: ADC, AIV, ARE +12 more
OO
Omotayo Okusanya
Deutsche Bank AG
1 question for ESS
Also covers: AMH, ARE, BDN +40 more
Sanket Agrawal
Evercore ISI
1 question for ESS
Also covers: STAG, UDR, VRE
Recent press releases and 8-K filings for ESS.
Essex Property Trust issues $350M senior notes due 2036
ESS
Debt Issuance
- On December 12, 2025, Essex Portfolio, L.P., the operating partnership of Essex Property Trust, Inc., issued $350.0 million of 4.875% senior notes due February 15, 2036.
- Net proceeds were approximately $344.2 million, planned to repay upcoming maturities including part of the $450.0 million 3.375% senior notes due April 2026 and for general corporate and working capital purposes.
- The unsecured notes rank equally with other senior obligations but are effectively subordinated to secured debt and subsidiaries’ liabilities; interest is payable semi-annually on February 15 and August 15, commencing August 15, 2026.
- Essex Property Trust, Inc. unconditionally guarantees the notes, which are governed by the Base Indenture (March 14, 2024) and a Third Supplemental Indenture dated December 12, 2025, featuring customary restrictive covenants.
Dec 12, 2025, 9:09 PM
Essex Property Trust prices $350M senior notes
ESS
Debt Issuance
- Essex Property Trust’s operating partnership, Essex Portfolio, L.P., priced an underwritten public offering of $350 million aggregate principal amount of 4.875% senior notes due 2036 at 99.093% of par, yielding 4.988%.
- Interest is payable semiannually on February 15 and August 15, commencing August 15, 2026, and the notes are fully guaranteed by Essex Property Trust, Inc.
- Net proceeds will repay $450 million of 3.375% senior notes maturing in April 2026 and fund general corporate and potential acquisition activities.
- The offering is expected to close on December 12, 2025, with Wells Fargo Securities and J.P. Morgan Securities as joint book-running managers.
Dec 4, 2025, 2:44 AM
Essex announces Q3 2025 results
ESS
Earnings
Guidance Update
M&A
- Net income per diluted share was $2.56, up from $1.84 in Q3 2024, with same-property revenue/NOI growth of 2.7%/2.4% y/y and sequential revenue up 0.7%
- Core FFO per diluted share rose by 1.5% y/y, exceeding the guidance midpoint by $0.03
- Acquired a 234-unit apartment community for $100.0 million and disposed of three communities for $244.7 million, recording $67.5 million in pro rata gains excluded from FFO
- Raised full-year 2025 Net Income guidance to $10.53–10.63 per share (midpoint $10.58) and Core FFO guidance to $15.89–15.99 per share (midpoint $15.94)
- Maintained strong liquidity with $1.38 billion of available unsecured commitments and $1.507 billion of total liquidity as of September 30, 2025
Oct 30, 2025, 6:00 PM
Essex Property Trust announces Q3 2025 results
ESS
Earnings
Guidance Update
New Projects/Investments
- Core FFO per share beat guidance by $0.03, raising the full-year midpoint to $15.94.
- YTD through Q3 blended lease rate growth of 3% at all leases and 2.7% on like-term leases; Q3 regional growth: Northern CA ~4%, Southern CA 1.2%, Seattle 2%.
- Balance sheet remains strong with net debt/EBITDA of 5.5× and $1.5 billion in liquidity; structured finance redemptions of $118 million YTD and $200 million expected for 2025.
- Completed ~$1 billion of Northern California acquisitions at ~4.8% cap rate, delivering a 5.2% yield to Essex.
Oct 30, 2025, 6:00 PM
Essex Property Trust reports Q3 2025 results
ESS
Earnings
Guidance Update
New Projects/Investments
- Reported Net Income per diluted share of $2.56, FFO per diluted share of $4.03, and Core FFO per diluted share of $3.97 in Q3 2025, representing increases of 39.1%, 5.8%, and 1.5% year-over-year, respectively.
- Achieved same-property revenue growth of 2.7% and same-property NOI growth of 2.4% compared to Q3 2024.
- Acquired one apartment community for $100.0 million and disposed of three communities for $244.7 million in contract price ($197.2 million at pro rata share) during the quarter.
- Raised full-year 2025 guidance, increasing the net income midpoint to $10.58 per diluted share (+$0.41) and the Core FFO midpoint to $15.94 per share (+$0.03).
Oct 29, 2025, 8:37 PM
Essex Property Trust Outlines West Coast Strategy at 2025 Investor Conference
ESS
New Projects/Investments
Dividends
Capital Allocation
- Essex Property Trust underscored its 31-year dividend increase record and its unique position as the only dedicated multifamily REIT focused on West Coast markets, highlighting its strong operating margins relative to peers.
- The conference detailed favorable market fundamentals, noting limited new supply and robust tech-driven job growth in Northern California that supports steady rent and income growth.
- Discussions centered on strategic capital allocation, including significant fee simple acquisitions in the Bay Area—amounting to approximately $1 billion—and a move to wind down the preferred equity book to optimize long-term returns.
- Cost management insights were provided, covering potential tariff impacts on operating expenses and recent moderations in commercial insurance premiums, indicating careful monitoring of external risks.
Jun 4, 2025, 10:46 PM
Essex Property Trust 8-K Update on Credit Facilities
ESS
Debt Issuance
- On May 20, 2025, the company replaced its existing $1.2 billion revolving credit facility with a new facility providing a maximum borrowing capacity of $1.5 billion (expandable to $2.5 billion), maturing in January 2030 with an interest rate of SOFR + 0.775%.
- The Operating Partnership secured a $300 million unsecured term loan credit facility maturing on May 20, 2028, including provisions for a potential additional increase of $300 million and a fixed rate swap for half of this facility at an all-in rate of 4.1%.
- An unsecured commercial paper program was also established with a maximum aggregate issuance of $750 million to support general corporate and working capital needs.
May 20, 2025, 12:00 AM
Essex Property Trust Q1 2025 Earnings Update
ESS
Earnings
Debt Issuance
M&A
- Net income per diluted share fell to $3.16 from $4.25 YoY, while Core FFO per diluted share grew by 3.7% over Q1 2024.
- Same-property revenue and NOI increased by 3.4% and 3.3% YoY, with sequential growth of 1.6% and 0.9% respectively.
- The company acquired three communities for $345.4M, disposed an asset for $127.0M, and issued $400M of 10-year senior unsecured notes to refinance maturing debt.
Apr 30, 2025, 4:00 PM
Essex Property Trust Q1 2025 Earnings Release
ESS
Earnings
Debt Issuance
Dividends
- Net Income declined to $3.16 per share in Q1 2025 from $4.25 in Q1 2024, while Core FFO grew 3.7% to $3.97, indicating improved operational performance ( ).
- Same-property revenue and NOI increased by 3.4% and 3.3%, respectively, reflecting favorable market conditions ( ).
- The company acquired three apartment communities in Northern California for a total of $345.4 million and disposed of a Southern California community for $127.0 million ( , ).
- Essex issued $400 million of 10-year senior unsecured notes and increased its dividend by 4.9% to $10.28 per share ( ).
Apr 29, 2025, 12:00 AM
Quarterly earnings call transcripts for ESSEX PROPERTY TRUST.
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