Sandler O'Neill Downgrades Essex Property Trust (ESS) to Hold
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Essex Announces First Quarter 2016 Results
April 28, 2016 4:22 PM EDTSAN MATEO, CA -- (Marketwired) -- 04/28/16 -- Essex Property Trust, Inc. (NYSE: ESS) announced today its first quarter 2016 earnings results and related business activities.
Funds from Operations ("FFO") and Net Income per diluted share for the quarter ended March 31, 2016 are detailed below. Core FFO excludes acquisition and investment related costs and certain non-routine items.
---------------------------------------------------------------------------- Three Months Ended March 31, % 2016 2015 Change ------------------------------ Per Diluted Share Total FFO $2.64 $2.27 16.3% Core FFO $2.68 $2.29 17.0% Net Income $1.19 $0.92 29.3% ----------------------------------------------------------------------------First Quarter Highlights:
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