Essex Property Trust(ESS)
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What's in Store for Essex Property (ESS) in Q1 Earnings?
Zacks Investment Research· 2024-04-30 00:26
Essex Property Trust, Inc. (ESS) is scheduled to report its first-quarter 2024 results on Apr 30 after market close. The company’s quarterly results are likely to reflect year-over-year growth in revenues and core funds from operations (FFO) per share.In the last reported quarter, this San Mateo, CA-based residential real estate investment trust (REIT) delivered a surprise of 0.52% in terms of core FFO per share. Results reflected favorable growth in same-property revenues and net operating income (NOI).Ove ...
Should You Buy Essex Property Trust (ESS) Ahead of Earnings?
Zacks Investment Research· 2024-04-29 21:31
Investors are always looking for stocks that are poised to beat at earnings season and Essex Property Trust, Inc. (ESS) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Essex Property Trust is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — ...
Looking for a Reliable Investment? These 3 REITs Are Less Volatile Than the S&P 500.
The Motley Fool· 2024-03-31 19:15
REITs投资优势 - REITs是一种出色的投资选择,为投资者提供 passsive income[1] - REITs在长期内历史上表现优于标普500指数[1] Realty Income投资亮点 - Realty Income自1994年上市以来,年复合总回报率为13.9%,在S&P 500成员中排名前10%[3] - Realty Income的低波动性主要受益于其现金流的整体稳定性,拥有长期净租赁的商业物业,租户质量高,行业相对不受经济衰退和电子商务干扰影响[4] Essex Property Trust投资优势 - Essex Property Trust自1994年首次公开发行以来,年复合总回报率为13.7%,是多家专注于多户家庭的REITs中回报最高的[5] - Essex Property Trust的可靠回报得益于其专注于西海岸的住房市场,高占用率和较高的平均租金增长率[6] Public Storage投资特点 - Public Storage是S&P 500中波动性最低的REITs之一,自数十年前上市以来,年均回报率为12.4%[7] - Public Storage的低波动性得益于其自存储物业的专注,具有较低的盈亏平衡点,需求相对不受经济衰退影响[8]
3 AI Stocks Everyone's Missed
Forbes· 2024-03-13 21:15
Creative thinking ideas brain innovation concept. Light bulb on yellow backgroundgettyAI stocks are booming—but they’re an absolute “dividend desert” for us contrarian income-seekers.Or are they?Most tech stocks—and I’d put AI darling NVIDIA (NVDA), with its pathetic 0.02% yield, at the top of the list here—don’t pay dividends when they’re growing quickly.Only later, when growth slows, do they “find religion” and return cash to shareholders as dividends and buybacks. That’s too bad for those of us who like ...
Is it Wise to Retain Essex Property (ESS) in Your Portfolio?
Zacks Investment Research· 2024-03-12 00:56
Essex Property Trust (ESS) owns a robust property base in the West Coast market of the United States. It has a healthy balance sheet and is leveraging technology, scale and organizational capabilities to drive growth. However, an elevated supply in some markets and high interest rates are concerning.What’s Aiding It?The West Coast markets are characterized by higher median household incomes, an increased percentage of renters and favorable demographic trends. In addition, with high interest rates still in p ...
Essex Property Trust Prices $350 Million of Senior Notes
Businesswire· 2024-03-08 06:20
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 $350 million aggregate principal amount of 5.500% senior notes due 2034 (the “Notes”). The Notes were priced at 99.752% of par value with a yield to maturity of 5.532%. Interest is payable semiannually at an interest rate per annum of 5.500% on April 1 and October 1 of each year with the first inter ...
Essex Property Trust to Present at The 2024 Citigroup Global Property CEO Conference
Businesswire· 2024-03-02 05:15
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that Angela L. Kleiman, President and CEO, will be participating in a roundtable presentation at the 2024 Citigroup Global Property CEO Conference held in Hollywood, FL on Tuesday, March 5, 2024, at 11:40 a.m. Eastern Time. To listen to the panel, please visit the webcast link on the Investors section of the Company’s website at www.essex.com. An archive of the webcast will be available for thirty days following the e ...
Essex Announces its 30th Consecutive Annual Dividend Increase
Businesswire· 2024-02-23 05:15
公司股息 - 公司董事会批准了年度现金股息的6.1%增长,这是公司连续第30年增加股息[1] - 公司宣布每股股息为2.45美元,将于2024年4月12日支付给股东[1] - 公司年度股息为每股9.80美元[1] 股东年会 - 股东年会将于2024年5月14日举行,持股日期为2024年3月1日[2] Essex Property Trust, Inc. - Essex Property Trust, Inc.是一家S&P 500公司,是一家全面整合的房地产投资信托公司,主要在西海岸市场收购、开发、重新开发和管理多户家庭住宅物业[3] - Essex目前在252个公寓社区拥有权益,约有62,000套公寓住宅,另有一处物业正在开发中[4]
Essex Property Trust(ESS) - 2023 Q4 - Annual Report
2024-02-23 00:00
公司业务和投资 - Essex Property Trust, Inc. 是一家自我管理的房地产投资信托公司,主要从事位于美国西海岸的公寓社区的所有权、运营、管理、收购、开发和重新开发[26] - 公司拥有或持有252个运营公寓社区,总共61,997套公寓住宅,以及一些开发项目,总计264套公寓住宅[26] - 公司通过研究驱动的投资方法,评估市场并专注于主要大都会区域、供应受限制的市场、租金需求和住房需求等策略标准[28] - 公司定期评估地区经济和市场研究结果,并相应调整其投资组合的地理重点[29] - 公司在2023年进行了房地产收购活动,总计23.1百万美元[33] - 公司在2023年进行了房地产出售活动,总计91.7百万美元[34] - 公司的发展项目包括一项合资项目和各种预开发项目,总计114百万美元的成本[37] - 公司在2023年进行了2.9百万美元的按期偿还,以及在7月份以5.08%的固定利率完成了2.98亿美元的10年期担保贷款[39][40] - 公司的长期债务在2023年平均利率为3.7%,并获得了Baa1/Stable和BBB+/Stable的信用评级[41] 公司员工和社区支持 - 公司致力于提供安全的工作环境和促进员工健康与安全[54] - 公司通过年度薪酬研究确保竞争力薪酬以留住优秀人才[55] - 公司的总奖励计划进一步强调了对员工福祉的投资[56] - 公司通过志愿者计划支持社区,吸引和留住员工[57] - 公司通过员工参与调查来衡量员工参与度,发现了组织的五个优势领域[59] 公司风险和挑战 - 公司的业务、经营结果、现金流和财务状况受到各种风险和不确定性的影响[68] - 公司可能会面临来自加利福尼亚或华盛顿经济或房地产市场不利发展的影响[79] - 公司可能会遇到房地产税增加等各种成本上升的情况[80] - 公司可能会面临竞争对公寓社区市场和其他住房选择的不利影响[82] - 公司可能会因投资于抵押贷款、次级债务等而影响现金流[83] - 公司的合资伙伴可能会对合资资产的发展和运营产生影响[85] - 公司可能会因无法及时重新出租商业空间或租金低于市场价而受到影响[91] - 公司的投资组合可能存在环境责任[92] - 公司可能会面临未保险损失或市场条件影响保险采购的情况[95] - 公司的房地产可能会受到地震活动的影响[96] - 公司可能会面临建筑法规变化等因素影响替换或翻新公寓社区的能力[99] - 气候变化可能对公司业务产生不利影响,包括极端天气、自然灾害、降水、温度变化等[100] - 意外死亡或严重伤害可能对公司业务和运营结果产生不利影响,保险覆盖可能不足以弥补损失[101] - 房地产税和所得税增加可能无法通过提高租金向租户转嫁,影响公司可分配现金和偿还债务的能力[102] 财务和股东信息 - 公司的股票在纽约证券交易所交易,股票代码为"ESS"[189] - 公司于2023年第四季度宣布每股股利为2.31美元[193] - 公司董事会批准了一项新的股票回购计划,允许公司收购总值为5亿美元的普通股[197] - 公司的股东人数约为1043人,持有有限合伙单位的持有人数约为62人[190] - 公司未来的股利和分配将由董事会决定,取决于公司的实际经营现金流量、财务状况等因素[192] - 公司在2023年未通过2021 ATM计划发行任何普通股[196] - 公司在2023年回购并注销了437,026股普通股,总价值为95.7百万美元,平均价格为每股218.88美元[197] - 公司的普通股在过去五年中的累计股东回报率表现略低于S&P 500和FTSE NAREIT Equity Apartments指数[199]
Essex Property Trust: Build And Buy Apartments Like A Pro
Seeking Alpha· 2024-02-15 13:32
Andrew Merry/Moment via Getty Images Over the past few years, housing affordability has been thrust into the limelight as home values continue to appreciate. While beneficial for homeowners, increasing home prices leave future generations and first-time buyers in a difficult position. The changing tide serves as a serious multidecade tailwind for multifamily investors. Renting continues to gain traction as a long-term living option. As a result, multifamily development increased coming out of the pandem ...