Canaccord Genuity Remains Sidelined on Essex Property Trust (ESS) Following 2Q Review
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Essex Announces Second Quarter 2016 Results
July 28, 2016 4:18 PM EDTSAN 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
