Essex Property Trust, Inc. (ESS), headquartered in San Mateo, California, acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Valued at $17.73 billion by market cap, it has ownership interests in 254 apartment communities comprising approximately 62,000 apartment homes. The leading REIT is expected to announce its fiscal second-quarter earnings for 2024 after the market closes on Tuesday, Jul. 30.
Ahead of the event, analysts expect ESS to report an FFO of $3.85 per share on a diluted basis, up 2.1% from $3.77 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s FFO estimates in its last four quarterly reports.
