Essex Property Trust (ESS) Reports Q4 Core FFO of $2.81
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Essex Announces Fourth Quarter 2016 Results and 2017 Guidance
February 2, 2017 4:15 PM ESTSAN MATEO, CA -- (Marketwired) -- 02/02/17 -- Essex Property Trust, Inc. (NYSE: ESS) announced today its fourth quarter 2016 earnings results, 2017 operating assumptions and guidance, and related business activities.
Net Income and Funds from Operations ("FFO") per diluted share for the quarter ended December 31, 2016 are detailed below. Core FFO excludes acquisition and investment related costs and certain non-routine items.
---------------------------------------------------------------------------- Three Months Ended Year Ended December 31, December 31, % % 2016 2015 Change 2016 2015 Change --------------------------------------------------------- Per Diluted Share ------------------- Net Income $2.98 $1.22 144.3% $6.27 $3.49 80.0% Total FFO $2.85 $2.53 12.6% $11.12 $9.72 14.4% Core FFO $2.81 $2.63 6.8% $11.04 $9.82 12.4% ----------------------------------------------------------------------------... More