Essex Property Trust Q3 Core FFO, Revenue Rise

MT Newswires Live

Oct 30, 2024

Essex Property Trust (ESS) reported Q3 core funds from operations of $3.91 per diluted share late Tuesday, up from $3.78 a year earlier.

Analysts polled by Capital IQ expected an adjusted FFO of $3.31, if comparable.

Revenue in the three months ended Sept. 30 rose to $450.7 million from $419.2 million a year earlier.

Analysts surveyed by Capital IQ expected $445.3 million.

The company expects Q4 core FFO of $3.82 to $3.94 per diluted share. Analysts surveyed by Capital IQ expect adjusted FFO of $3.30, if comparable.

The company expects a full-year core FFO of $15.50 to $15.62 per diluted share versus previous guidance of $15.38 to $15.62. Analysts surveyed by Capital IQ expect an adjusted FFO of $13.53, if comparable.

The company expects full-year revenue for same-property growth on a cash basis of 3.1% to 3.4% versus previous guidance of 2.7% to 3.3%.

Price: 292.00, Change: -6.43, Percent Change: -2.15

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Analysts surveyed by Capital IQ expect adjusted FFO of $3.30, if comparable.</p><p>The company expects a full-year core FFO of $15.50 to $15.62 per diluted share versus previous guidance of $15.38 to $15.62. Analysts surveyed by Capital IQ expect an adjusted FFO of $13.53, if comparable.</p><p>The company expects full-year revenue for same-property growth on a cash basis of 3.1% to 3.4% versus previous guidance of 2.7% to 3.3%.</p><p>Price: 292.00, Change: -6.43, Percent Change: -2.15</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2479526371","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479526371","pubTimestamp":1730237702,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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