Essex Property Trust — Third Quarter 2026 Earnings Summary

Essex Property Trust reported third-quarter 2026 net income of $1.52 per diluted share and raised its full-year 2026 Core FFO guidance midpoint to $16.16. The company achieved a 3.0% year-over-year increase in same-property revenue and net operating income, driven by growth across all regions, particularly in Northern California. Investment activities included the disposition of three apartment communities for $111.9 million and the acquisition of a 378-unit community in Oakland, California. Additionally, the company secured a $275 million unsecured term loan and maintained over $1.7 billion in liquidity as of September 30, 2026.