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Stock impact report

Seattle, San Jose lead Essex's portfolio [Yahoo! Finance]

Essex Property Trust, Inc. (ESS) 
Last essex property trust, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.essexapartmenthomes.com
Company Research Source: Yahoo! Finance
Tue, February 11, 2025 at 4:54 PM GMT+1 4 min read In This Article ESS This story was originally published on Multifamily Dive . To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter Like its Chicago-based REIT peer Equity Residential , Essex Property Trust reported solid fourth-quarter 2024 results this month, but its funds from operations guidance came in below Wall Street's expectations for 2025. However, Haendel St. Juste, managing director of REITs for investment bank Mizuho Securities, wrote in a research report last week that the Palo Alto, California-based REIT is “notoriously conservative” and 200 basis points of “headwinds” from redemptions of mezzanine redemptions and debt refinancings are partially responsible for that guidance. “We also believe that Essex's near-sector-leading same-store [revenue], with upside from a nascent recovery in Seattle and San Francisco, is far more meaningful to its story and near-term growth Show less Read more
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