Essex Property (ESS) Q4 FFO & Revenues Beat, '24 View Issued
Essex Property Trust(ESS) Zacks Investment Research·2024-02-08 02:01
Essex Property Trust Inc. (ESS) reported fourth-quarter 2023 core funds from operations (FFO) per share of $3.83, beating the Zacks Consensus Estimate of $3.81. The figure also improved 1.6% from the year-ago quarter.Results reflect favorable growth in same-property revenues and net operating income (NOI). However, the same-property operating expenses partly acted as a dampener. ESS issued first-quarter and full-year 2024 guidance for core FFO per share.Total revenues of $421.7 million outpaced the Zacks Co ...