Favorable Supply/Demand Dynamics Fueled Q1 Outperformance • Issued $350.0 million of 10-year senior unsecured notes due in April 2034 bearing an interest rate of 5.50% per annum and an effective yield of 5.52%. The driving force responsible for ESS' rental revenue growth was strength in scheduled rents. The 2.2% growth rate over the year-ago period in scheduled rents was achieved through a balance between new lease growth and renewals. Disciplined expense management helped the company's core FFO margin expa ...