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ESS · Essex Property Trust, Inc.
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$269.51 +0.12 (+0.04%) At close · Oct 1
Market Cap
$17.46B
Shares
64.27M
Volume · Oct 1 586.53K Avg daily vol (3M) 500.26K
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Earnings call · FY2026 Q1

Essex Property Trust, Inc. (ESS) Q1 2026 Earnings Call

Concluded Apr 29, 2026
Apr 29, 2026 0 turns
Period
FY2026 Q1
Runtime
—
Sources
2 artifacts

Executive readout · one minute

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Northern California same-store performance 11 Demand indicators in Northern California 9 First quarter results and FFO beat 9 Seattle market softness 9 Southern California and Los Angeles recovery 7 Housing supply constraints in California 5

Management tone

Positive

Net tone +32 · low hedging

Grounding quotes
  • “We delivered a solid first quarter with core FFO per share exceeding the high end of our guidance range and same property revenues trending ahead of plan.”
  • “we'd like to get further visibility into peak leasing season before adjusting our forecast due to the current macro uncertainty.”
  • “Against this backdrop, we delivered a solid first quarter with core FFO per share exceeding the high end of our guidance range and same property revenues trending ahead of plan.”
  • “blended lease rate growth north of 3%”

Research coverage

2 live sources

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Revenue $484.76M +4.3% YoY
Diluted EPS $1.65 -47.8% YoY
Gross margin 70.4% +0.8 pp YoY
Net income $112.21M -47.3% YoY

Research materials

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Quarter detail

How the reported period landed and where the business moved.

Capital returned

Buybacks
$50.21M
Shares repurchased
205,740
Full-screen source Call document