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Essex Property Trust Announces Recent Transaction Activity

1. ESS reallocates to Northern California, anticipating higher rent growth. 2. Transaction activity is neutral to 2025 Core FFO forecast.

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FAQ

Why Bullish?

The focus on Northern California suggests long-term growth potential, similar to past trends boosting property values. Historical examples, such as prior successful property reallocations in strong markets, reinforce this positive outlook.

How important is it?

The strategic shift toward promising submarkets directly affects future earnings potential, aligning with investor interests.

Why Long Term?

By entering lower supply areas with expected rent growth, ESS positions itself for sustained future income. This strategy aligns with historic benefits seen from strategic acquisitions in growing submarkets.

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SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today its year to date transaction activity detailed in the table below. The transaction activity year to date results in a reallocation towards the Northern California region with the purchase of newer communities in submarkets where Essex expects lower supply and higher rent growth over the foreseeable future. The match funded transactions are net neutral to the Company's 2025 Core FFO forecast. ACQUISITIONS P.

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