Essex Property Trust, Inc. (ESS) Q3 2026 Earnings Call

Concluded Oct 28, 2026

Oct 28, 2026

Revenue $492.69M +4.1% YoY

Diluted EPS $1.52 -40.6% YoY

Gross margin 69.2% +0.0 pp YoY

Net income $103.73M -39.9% YoY

Executive readout · one minute

What the filings say

8-K earnings release · filed Oct 27, 2026: Essex Property Trust, Inc. raised full-year 2026 Core FFO guidance to $16.10 - $16.22 per diluted share and reported third-quarter 2026 Core FFO of $4.00, up 0.8%, with same-property revenue and NOI growth of 3.0% and 3.1%.
10-Q report · filed Oct 28, 2026: Essex Property Trust, Inc. reported Same-Property revenues of $1,337.4 million for the nine months ended September 30, 2026, up 2.9%, with average financial occupancy of 96.4%; legal settlement costs increased general and administrative expense to $109.7 million.

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Forward guidance

6 guided metrics

Management's latest ranges and targets are included below.

Research coverage

3 live sources

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Presentation 5 pages 8-K earnings release Filed Oct 27, 2026 10-Q report Filed Oct 28, 2026 Company webcastOpen the original investor-relations page

From the 8-K filed Oct 27, 2026.

Metric	Period	Guided	Basis
Revenue table 2026 Full-Year	2026 Full-Year	2.8% – 3%	Non-GAAP
Operating Expenses table 2026 Full-Year	2026 Full-Year	2.6% – 2.9%	Non-GAAP
Net Operating Income table 2026 Full-Year	2026 Full-Year	2.8% – 3.2%	Non-GAAP
Same-property NOI growth Raised 2026 Full-Year Guidance Range	2026 Full-Year Guidance Range	2.8% – 3.2%	—
% Change - Funds from Operations table 2026 Full-Year Guidance Range	2026 Full-Year Guidance Range	-3.5% – -2.8%	Non-GAAP
% Change - Core Funds from Operations table 2026 Full-Year Guidance Range	2026 Full-Year Guidance Range	1% – 1.8%	Non-GAAP

How the reported period landed and where the business moved.

Diluted EPS Within