Essex Property Trust (ESS) Tops Q2 EPS by 4c

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Go back to Essex Property Trust (ESS) Tops Q2 EPS by 4c

Essex Announces Second Quarter 2016 Results

July 28, 2016 4:18 PM EDT

SAN MATEO, CA -- (Marketwired) -- 07/28/16 -- Essex Property Trust, Inc. (NYSE: ESS) announced today its second quarter 2016 earnings results and related business activities.

Net Income and Funds from Operations ("FFO") per diluted share for the quarter ended June 30, 2016 are detailed below. Core FFO excludes acquisition and investment related costs and certain non-routine items.

---------------------------------------------------------------------------- Three Months Six Months Ended Ended June 30, % June 30, % 2016 2015 Change 2016 2015 Change --------------------------------------------------- Per Diluted Share ------------------------ Net Income $1.10 $0.70 57.1% $2.29 $1.62 41.4% Total FFO $2.81 $2.38 18.1% $5.45 $4.66 17.0% Core FFO $2.74 $2.40 14.2% $5.42 $4.69 15.6% ----------------------------------------------------------------------------

Second Quarter... More