Essex Property Trust (ESS) Tops Q3 EPS by 100c; raises guidance

Essex Property Trust (NYSE: ESS) reported Q3 EPS of $2.56, $1.00 better than the analyst estimate of $1.56.

GUIDANCE

Raised full-year Net Income per diluted share guidance by $0.41 at the midpoint to a range of $10.53 to $10.63.

Raised full-year Core FFO per diluted share guidance by $0.03 at the midpoint to a range of $15.89 to $15.99. This represents 2.2% growth at the midpoint compared to the prior year.

Reaffirmed full-year guidance midpoints for same-property revenues, expenses, and NOI growth.

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

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