Essex Property Trust Inc reports results for the quarter ended June 30 - Earnings Summary

Essex Property Trust

29/07/2025 22:40

Essex Property Trust Inc ESS.N reported quarterly adjusted earnings of $3.44​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.45.  The mean expectation of eleven analysts for the quarter was for earnings of $1.48 per share. Wall Street expected results to range from $1.29  to $1.97 per share.

Revenue rose 6.2% to $469.83 million from a year ago; analysts expected $468.53 million.

Essex Property Trust Inc shares had fallen by 0.1% this quarter and lost 0.8% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy," 14 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the residential reits peer group is  "buy."

Wall Street's median 12-month price target for Essex Property Trust Inc is $310.00, about 6.2% above its last closing price of $290.67

This summary was machine generated from LSEG data July 29 at 09:40 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Jun. 30 2025
3.99
4.03
Beat
Mar. 31 2025
3.93
3.97
Beat
Dec. 31 2024
3.90
3.92
Beat
Sep. 30 2024
3.88
3.91
Beat