Essex Property Trust (ESS) Tops Q1 FFO by 4c

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Go back to Essex Property Trust (ESS) Tops Q1 FFO by 4c

Essex Announces First Quarter 2015 Results

May 6, 2015 4:01 PM EDT

PALO ALTO, CA -- (Marketwired) -- 05/06/15 -- Essex Property Trust, Inc. (NYSE: ESS) announced today its first quarter 2015 earnings results and related business activities.

Funds from Operations ("FFO") and Net Income per diluted share for the quarter ended March 31, 2015 are detailed below. FFO and Net Income for the quarter ended March 31, 2015 include $2.4 million in merger and integration related expenses compared to $16.1 million of expenses in the prior year period. Core FFO excludes merger and integration expenses, acquisition costs and non-routine items.

---------------------------------------------------------------------------- Three Months Ended March 31, % 2015 2014 Change ------------------------------- Per Diluted Share Total FFO $2.27 $1.68 35.0% Core FFO $2.29 $2.02 13.6% Earnings per Share $0.92 $0.58... More