Essex Property Trust (ESS) Company Overview

Essex Property Trust, Inc. (NYSE:ESS) has announced that its operating partnership, Essex Portfolio, L.P., has set the price for a public offering of $400 million in senior notes with a 5.375% interest rate, due in 2035. These notes were priced at 99.604% of their face value, offering a yield to maturity of 5.425%. Interest payments will be made twice a year on April 1 and October 1.

Essex Property Trust, Inc. has experienced a 29% rise in its shares over the last year, driven by a shortage of housing and increased rental prices in California. Positive results from the fourth quarter, such as a 2.3% growth in funds from operations and low turnover rates, suggest a promising future for Essex through 2025. Although costs are rising, especially for insurance and staff, strong demand and limited housing availability, particularly after the wildfires, help balance these challenges.

ESS Tech, Inc. (NYSE: GWH) is a company based in Wilsonville, Oregon, that creates and produces iron redox flow batteries and is competing in the growing long-duration energy storage market. Since going public through a SPAC deal in late 2021, investors have faced challenges, but it seems that the situation is starting to improve.

Essex Property Trust, Inc. (NYSE:ESS) will hold its Q4 2024 Results Conference Call on February 5, 2025, at 12:00 PM ET. The call will feature company leaders, including President and CEO Angela Kleiman and EVP and CFO Barb Pak. Various analysts from major financial institutions will also participate in the discussion.

Essex Property Trust (ESS) reported quarterly funds from operations (FFO) of $3.92 per share, which is higher than the Zacks Consensus Estimate of $3.90 per share. This is an increase compared to last year's FFO of $3.83 per share.

Even with high supply levels, ESS's results for the fourth quarter are expected to reflect the advantages of a strong property foundation, good demand, and technological improvements.

SAN DIEGO, Jan. 27, 2025 /PRNewswire/ -- Robbins LLP has announced that a class action lawsuit has been filed for all individuals and organizations that bought or acquired ESSA Pharma Inc. (NASDAQ: EPIX) securities from December 12, 2023, to October 31, 2024. ESSA is a pharmaceutical company in the clinical stage, working on small molecule drugs aimed at treating prostate cancer.

Essex Property Trust (ESS) saw an increase in its share price during the last trading session, with higher-than-normal trading volume. Recent changes in the estimates for funds from operations (FFO) indicate that the stock may continue to perform well in the future.

Essex Property Trust, Inc. (NYSE:ESS) has announced that it will release its fourth quarter 2024 earnings after the market closes on Tuesday, February 4, 2025. A conference call with the company's senior management will take place on Wednesday, February 5, 2025, at 9:00 a.m. Pacific Time or 12:00 p.m. Eastern Time. Everyone is welcome to join the call, which can be accessed online at www.essex.com by clicking on the Investors section.