Essex Property Trust Inc reports results for the quarter ended March 31 - Earnings Summary

Essex Property Trust

29/04/2025 22:56

Essex Property Trust Inc ESS.N reported quarterly adjusted earnings of $3.16​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $4.25.  The mean expectation of eleven analysts for the quarter was for earnings of $1.40 per share. Wall Street expected results to range from $1.18  to $1.49 per share.

Revenue rose 8.8% to $464.58 million from a year ago; analysts expected $459.34 million.

Essex Property Trust Inc's reported EPS for the quarter was $3.16​.

The company reported quarterly net income of $203.11 million.

Essex Property Trust Inc shares had fallen by 9.5% this quarter and lost 2.8% 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, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy," 16 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the residential reits peer group is also "hold"

Wall Street's median 12-month price target for Essex Property Trust Inc is $310.00

This summary was machine generated from LSEG data April 29 at 09:56 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
Mar. 31 2025
3.93
3.97
Beat
Dec. 31 2024
3.90
3.92
Beat
Sep. 30 2024
3.88
3.91
Beat
Jun. 30 2024
3.85
3.94
Beat