Essex Property Trust Stock News

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (“Essex”) announced today that its operating partnership, Essex Portfolio, L.P. (the “Issuer”), priced an underwritten public offering of $200 million in additional senior notes due 2034 with a reoffer yield of 5.110% (the “notes”). The notes will be issued as additional notes under the indenture pursuant to which the Is...

U.S. equity markets rallied while benchmark interest rates remained near the lows of the year after a critical slate of inflation data showed further encouraging signs of cooling price pressures. The Consumer Price Index posted a downside surprise for a fourth straight month, underscored by a "2-Handle" on Headline CPI, which follows a period of historically high inflation from 2021 to 2023. Sp...

Essex Property Trust focuses on three different supply-constrained markets across the US West Coast. Both enduring demand and limited supply are working in its favor. It has increased its dividend for 30 consecutive years. That easily qualifies the company for its vaunted status as a Dividend Aristocrat - one of only three REITs that can claim such a thing. On the other hand, the stock's 3.5% y...

In a highly volatile week across global financial markets, U.S. equity markets ultimately finished the week little-changed, while benchmark interest rates rebounded from the lowest levels of the year. Following a historic surge in volatility, stabilization in Asian and European markets, decent jobless claims data, and clarity on the domestic Presidential matchup helped to ease market jitters. N...

Dividend aristocrats make an excellent case for inclusion in your portfolio, irrespective of the underlying circumstances. To qualify as a dividend aristocrat, a stock must represent one of the S&P 500 companies and have boosted their dividend every year for at least 25 years.

The next cycle for public REITs could be more similar to those of the 1990s and early 2000s than one of the past 14 years. In prior cycles, public REITs enjoyed a cost of capital that allowed for significant external growth, boosting cash flow and dividends per share. Many companies spent the past cycle shoring up their balance sheets to record low leverage and maintaining a low dividend payout...

Essex Property Trust, Inc. (NYSE:ESS ) Q2 2024 Earnings Conference Call July 31, 2024 1:00 PM ET Company Participants Angela Kleiman - President and CEO Barb Pak - CFO & EVP Rylan Burns - EVP and Chief Investment Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Nick Joseph - Citi Steven Song - Bank of America Daniel Tricarico - Scotiabank Brad Heffern - RBC Capit...

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its second quarter 2024 earnings results and related business activities. Net Income, Funds from Operations (“FFO”), and Core FFO per diluted share for the quarter ended June 30, 2024 are detailed below.   Three Months Ended June 30,   Six Months Ended June 30,     % %   2024 2023 Change 2...