Essex (ESS) Q2 Revenue Rises 6%

Essex Property Trust (NYSE:ESS), a residential real estate investment trust (REIT) focused on West Coast apartment communities, released its second-quarter 2025 results on July 29, 2025. The company reported Core Funds From Operations (FFO) per diluted share of $4.03, surpassing its own $3.96 midpoint forecast. Revenue climbed to $467.6 million, exceeding the expected $466.33 million. Net income per share (GAAP) more than doubled year-over-year, aided by real estate gains. The quarter showed steady execution in stabilized, supply-constrained markets, though performance varied by region and the full-year outlook saw only a moderate upward revision.

Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.

Essex Property Trust (NYSE:ESS) operates as a vertically integrated REIT that acquires, develops, redevelops, and manages apartment homes. Its portfolio centers on major metropolitan areas across Northern and Southern California, as well as the Seattle metro region. The company focuses on markets with high barriers to new housing supply, supporting consistent demand.

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Source Fool.com