San Mateo, California-based Essex Property Trust, Inc. (ESS) acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. With a market cap of $16.9 billion, the company has ownership interests in 256 apartment communities comprising over 62,000 apartment homes with an additional property in active development. The fully integrated REIT is expected to announce its fiscal first-quarter earnings for 2025 after the market closes on Tuesday, Apr. 29.
Ahead of the event, analysts expect ESS to report an FFO of $3.92 per share on a diluted basis, up 2.4% from $3.83 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s FFO estimates in its last four quarterly reports.
