With a market cap of $16.1 billion, California-based Essex Property Trust, Inc. (ESS) is a leading real estate investment trust (REIT) that focuses on the ownership, development, and management of multifamily apartment communities, primarily in high-demand West Coast markets such as California and the Seattle metropolitan area. The company generates the majority of its revenue through rental income from its large portfolio of over 250 apartment communities, benefiting from strong occupancy levels and limited housing supply in these regions.
The REIT is expected to release its fiscal Q1 2026 results after the market closes on Tuesday, Apr. 28. Ahead of this event, analysts project Essex Property to report core FFO of $3.96 per share, a marginal dip from $3.97 per share in the year-ago quarter. It has exceeded Wall Street's earnings expectations in three of the past four quarters, while missing in another quarter.
