Essex Property Trust (ESS) Tops Q3 FFO by 5c

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Go back to Essex Property Trust (ESS) Tops Q3 FFO by 5c

Essex Announces Third Quarter 2016 Results

October 27, 2016 4:16 PM EDT

SAN MATEO, CA -- (Marketwired) -- 10/27/16 -- Essex Property Trust, Inc. (NYSE: ESS) announced today its third quarter 2016 earnings results and related business activities.

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

---------------------------------------------------------------------------- Three Months Ended Nine Months Ended September 30, September 30, % % 2016 2015 Change 2016 2015 Change -------------------------------------------------------- Per Diluted Share ------------------- Net Income $ 1.00 $ 0.65 53.8 % $ 3.29 $ 2.27 44.9 % Total FFO $ 2.81 $ 2.53 11.1 % $ 8.27 $ 7.19 15.0 % Core FFO $ 2.81 $ 2.49 12.9 % $ 8.23 $ 7.19 14.5 % ----------------------------------------------------------------------------

Third Quarter... More