Essex Announces First Quarter 2026 Results
Essex Property Trust reported first quarter Core FFO of $4.06 per share, exceeding the midpoint of guidance by $0.11, driven by 4.1% same-property NOI growth. The company increased its annual dividend by 0.8% to $10.36 per share, marking its 32nd consecutive annual increase, and repurchased $61.9 million of common stock year-to-date.
Key figures
- Eps
- 1.65
- Guidance
- 2026 Full-Year Core FFO $15.69 - $16.19 (unchanged)
- Core ffo per share
- 4.06
- Total ffo per share
- 4.17
- Core ffo yoy growth percent
- 2.3%
- Dividend annual increase percent
- 0.8%
- Same property noi growth percent
- 4.1%
AI analysis
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