Essex Property Trust

Q4 2025 Q3 2025 +1.23%Q2 2025 -7.89%Q1 2025 +1.45%Q4 2024 +3.01%Q3 2024 -1.89%Q2 2024 -2.67%Q1 2024 -1.03%Q4 2023 -0.57%Q3 2023 -1.75%Q2 2023 -0.89%Q1 2023 +6.68%Q4 2022 +3.77%Q3 2022 -6.29%Q2 2022 +1.27%Q1 2022 -1.76%Q4 2021 -0.52%Q3 2021 +2.11%Q2 2021 -0.92%Q1 2021 -3.34%Q4 2020 +3.99%Q3 2020 +1.15%Q2 2020 -2.93%Q1 2020 +1.86%Q4 2019 +1.21%Q3 2019 -1.42%Q2 2019 +1.01%Q1 2019 +0.52%Q4 2018 +0.85%Q3 2018 +3.12%Q2 2018 -2.61%Q1 2018 -1.01%Q4 2017 -0.25%Q3 2017 -3.27%Q2 2017 -0.93%Q1 2017 +1.43%Q4 2016 +0.61%Q3 2016 +0.86%Q2 2016 +6.89%Q1 2016 -1.87%Q4 2015 -3.75%Q3 2015 -1.23%Q2 2015 +1.06%Q1 2015 +2.22%Q4 2014 +0.92%Q3 2014 +3.04%Q2 2014 -0.58%Q1 2014 +2.01%Q4 2013 +3.55%Q3 2013 -0.76%Q2 2013 -1.90%Q1 2013 -1.43%Q4 2012 +0.57%Q3 2012 -1.11%Q2 2012 -0.69%Q1 2012 +1.28%Q4 2011 -1.83%Q3 2011 +0.41%Q2 2011 +3.40%Q1 2010 +2.76%Q1 2011 +2.40%Q4 2008 +5.34%Q4 2010 +5.34%Q3 2009 -2.72%Q3 2010 -2.72%Q2 2009 +0.85%Q2 2010 +0.85%Q4 2009 +0.85%

Oct 26, 2021

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Sep 30, 2021

Essex Property Trust Q3 2021 Earnings Report

Announced third quarter 2021 results and increased full-year 2021 guidance.

Key Takeaways

Essex Property Trust reported a net income of $1.82 per diluted share for Q3 2021, compared to $1.13 in Q3 2020. Core FFO per diluted share was reported at $3.12, exceeding the high-end of the Company’s guidance range due to better-than-expected operating results. Same-property revenues and NOI increased by 2.7% and 2.2%, respectively, compared to the third quarter of 2020.

Net Income per diluted share for the third quarter of 2021 was $1.82, compared to $1.13 in the third quarter of 2020 due to a higher gain on sale of real estate and no loss on early retirement of debt in the current quarter.

Core FFO per diluted share was $3.12, exceeding the high-end of the Company’s guidance range due to better-than-expected operating results.

Same-property revenues and net operating income (“NOI”) increased by 2.7% and 2.2%, respectively, compared to the third quarter of 2020, attributed to declining concessions.

Same-property sequential revenues increased 3.2% led by an increase in scheduled rents and lower levels of concessions and delinquencies.