Valued at a market cap of $18.4 billion, Essex Property Trust, Inc. (ESS) is a fully integrated real estate investment trust headquartered in San Mateo, California. The company acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. It is expected to announce its fiscal Q2 earnings for 2025 after the market closes on Tuesday, Jul. 29.
Ahead of this event, analysts expect this residential REIT to report an FFO of $3.99 per share, up 1.3% from $3.94 per share in the year-ago quarter. The company has a solid trajectory of consistently beating Wall Street’s FFO estimates in each of the last four quarters. In Q1, ESS’ FFO per share of $3.97 outpaced the forecasted figure by 1.3%.
