Essex Announces Fourth Quarter and Full-Year 2025 Results and Provides 2026 Guidance

Essex Property Trust, Inc. (NYSE:ESS) (the “Company”) announced today its fourth quarter and full-year 2025 earnings results and related business activities. Net Income, Funds from Operations (“FFO”), and Core FFO per diluted share for the three and twelve months ended December 31, 2025 are detailed below. Three Months Ended December 31, Twelve Months Ended December 31, % % 2025 2024 Change 2025 2024 Change Per Diluted Share Net Income $1.25 $4.00 -68.8% $10.40 $11.54 -9.9% Total FFO $3.94 $3.69 6.8% $15.98 $15.99 -0.1% Core FFO $3.98 $3.92 1.5% $15.94 $15.60 2.2% Fourth Quarter and Full-Year 2025 Highlights: Reported Net Income per diluted share for the fourth quarter of 2025 of $1.25, compared to $4.00 in the fourth quarter of 2024. For the full-year 2025, the Company reported Net Income per diluted share of $10.40 compared to $11.54 in 2024. The