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

Essex Property Trust

30/07/2026 19:44

Essex Property Trust Inc ESS.N reported quarterly adjusted earnings of 97 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $3.44.  The mean expectation of ten analysts for the quarter was for earnings of $1.46 per share. Wall Street expected results to range from $1.24  to $1.55 per share.
Revenue rose 4.1% to $486.73 million from a year ago; analysts expected $486.34 million. 
Essex Property Trust Inc's reported EPS for the quarter was 97 cents​.
The company reported quarterly net income of $62.46 million.
Essex Property Trust Inc shares had risen by 1.8% this quarter and gained 13.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​ 
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy," 15 "hold" and 3 "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 $298.00, about 0.4% above its last closing price of $296.80
This summary was machine generated from LSEG data July 30 at 06:44 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 2026 
4.04
4.08
Beat
Mar. 31 2026 
3.96
4.06
Beat
Dec. 31 2025 
3.99
3.98
Missed
Sep. 30 2025 
3.96
3.97
Beat