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Essex Announces First Quarter 2025 Results

1. ESS reported a 25.6% drop in net income while Core FFO increased. 2. Total FFO declined by 13.7%, indicating overall revenue challenges.

Earnings
+1.45%Current Return
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+0.05%S&P 500
$275.1604/29 04:37 PM EDTEvent Start
$279.1504/30 11:29 PM EDTLatest Updated
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FAQ

Why Bearish?

The significant decline in net income and total FFO suggests financial stress. Historically, such drops can lead to decreased investor confidence and stock price declines.

How important is it?

Earnings results directly influence investor perception and future cash flows of ESS. The magnitude of income drop is significant enough to warrant attention.

Why Short Term?

Immediate market reactions are likely to reflect earnings reports, particularly declines. Similar past earnings announcements led to short-term stock price drops.

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AVBEQRUDRESS
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its first quarter 2025 earnings results and related business activities. Net Income, Funds from Operations (“FFO”), and Core FFO per diluted share for the three-month period ended March 31, 2025 are detailed below.   Three Months Ended March 31, %   2025 2024 Change Per Diluted Share       Net Income $3.16 $4.25 -25.6% Total FFO $3.97 $4.60 -13.7% Core FFO $3.97 $3.83 3.7% First Quarter 20.

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