Essex Property (ESS) Q1 FFO & Revenues Beat, '24 View Revised
Essex Property Trust(ESS) Zacks Investment Research·2024-05-02 01:10
Essex Property Trust Inc. (ESS) reported first-quarter 2024 core funds from operations (FFO) per share of $3.83, beating the Zacks Consensus Estimate of $3.74. The figure also improved 4.9% 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 revised second-quarter and full-year 2024 guidance for core FFO per share.Total revenues of $426.9 million outpaced the Zacks C ...