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Essex Property Trust (ESS) Reports Q1 FFO of $3.48

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May 6, 2020 4:58 PM EDT

Essex Property Trust (NYSE: ESS) reported Q1 FFO of $3.48, versus $3.23 reported last year.

Guidance

For the first quarter of 2020, the Company exceeded the midpoint of the guidance range provided in its fourth quarter 2019 earnings release for Core FFO by $0.07 per share.

The following table provides a reconciliation of first quarter 2020 Core FFO per share to the midpoint of the guidance provided in the fourth quarter 2019 earnings release, which was dated January 29, 2020.

Per Diluted
Share

Projected midpoint of Core FFO per share for Q1 2020

$

3.41

NOI from consolidated communities

0.04

FFO from Co-Investments

0.01

G&A and other

0.02

Core FFO per share for Q1 2020 reported

$

3.48

For earnings history and earnings-related data on Essex Property Trust (ESS) click here.


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