Essex Property TrustNYSE: ESS

ESS's core FFO for the third quarter exceeded expectations. The results show an increase in revenue from the same properties and a rise in net operating income.

Investors should closely monitor Essex Property Trust (ESS) stock due to recent changes in the options market.

While the revenue and earnings per share (EPS) for Essex Property Trust (ESS) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

To better understand how Essex Property Trust (ESS) might perform in the quarter ending September 2024, look beyond Wall Street's basic profit predictions and consider the estimates for its important metrics. This will give you a clearer picture of its potential performance.

ESS's Q3 results are expected to reflect the advantages of a strong property foundation and technological advancements.

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS,” “ESS Inc.”) (NYSE:GWH), a top producer of long-duration energy storage systems (LDES) for commercial and utility-scale uses, has announced a conference call scheduled for Wednesday, November 13, 2024, at 5:00 p.m. EST. The call will focus on the financial results for the third quarter of 2024, which ended on September 30, 2024. A news release with these financial results will be shared on the same day, November 13, 2024.

Essex Property Trust (ESS) could see an increase in its value due to rising confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #2 (Buy).

Essex Property Trust has seen a remarkable increase in its stock price, rising about 40% in a year and surpassing its residential competitors in the S&P 500. The REIT is expected to gain from positive supply and demand trends in West Coast markets, where owning a home is much more expensive than renting, and there is a limited supply of new housing. With a solid history of dividend growth and a share price that is currently reasonably valued, the stock remains appealing even after its recent rise.

These REITs provide appealing returns that are expected to increase over time.