Essex Property Trust Prices $400 Million of Senior Notes
Essex Property Trust, Inc. (ESS)
Last essex property trust, inc. earnings: 1/29 04:15 pm
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Source: Business Wire
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) (“Essex”) announced today that its operating partnership, Essex Portfolio, L.P. (the “Issuer”), priced an underwritten public offering of $400 million aggregate principal amount of 5.375% senior notes due 2035 (the “Notes”). The Notes were priced at 99.604% of par value with a yield to maturity of 5.425%. Interest is payable semiannually at an interest rate per annum of 5.375% on April 1 and October 1 of each year with the first interest payment due October 1, 2025. The Notes mature on April 1, 2035. The Notes will be the senior unsecured obligations of the Issuer and will be fully and unconditionally guaranteed by Essex. The Notes offering is expected to close on February 18, 2025, subject to the satisfaction of certain closing conditions.The Issuer intends to use the net proceeds of this offering to repay upcoming debt maturities, including to fund a portion of the repayment of the Issuer’s $500.0 million
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News
- Essex Property Trust (NYSE:ESS) was given a new $273.00 price target on by analysts at Truist Financial Corporation.MarketBeat
- Essex Property Trust (NYSE:ESS) was given a new $282.00 price target on by analysts at Jefferies Financial Group Inc.. They now have a "hold" rating on the stock.MarketBeat
- Mizuho Sees Continued Upside for Essex Property Trust (ESS) Amid Solid Fundamentals [Yahoo! Finance]Yahoo! Finance
- Essex Property Trust declares $2.57 dividend [Seeking Alpha]Seeking Alpha
- Essex Property Trust Declares Quarterly DistributionsBusiness Wire
ESS
Earnings
- 10/29/25 - Beat
ESS
Sec Filings
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- ESS's page on the SEC website