Detail akcie Essex Property online

Business Summary: Essex Property Trust, Inc. is a self-administered and self-managed real estate investment trust. The Company is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of predominantly apartment communities, located along the West Coast of the United States. The Company operates through three segments: California, Northern California and Seattle Metro. The Company owns approximately interests in 256 operating apartment communities, aggregating 63,480 apartment homes. The Company owns all of its interest in its real estate and other investments directly or indirectly through Essex Portfolio, L.P. The Company invests primarily in apartment communities that are located in predominantly coastal markets within Southern California, Northern California, and the Seattle metropolitan area. The Company focuses on acquiring and developing apartment communities in supply constrained markets and redeveloping its existing communities.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Essex Property Trust Inc revenues increased 4% to $426.9M. Net income increased 78% to $272.7M. Revenues reflect Southern California segment increase of 5% to $176M, Northern California segment increase of 3% to $168.8M, NAREIT FFO - Per Share - Diluted - Total increase of 21% to $4.6. Net income benefited from Southern California segment income increase of 6% to $124.3M.