Essex Announces Second Quarter 2026 Results and Raises Full-Year 2026 Guidance

Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its second quarter 2026 earnings results and related business activities. Net Income, Funds from Operations (“FFO”), and Core FFO per diluted share for the three and six-month periods ended June 30, 2026 are detailed below. Three Months Ended June 30, Six Months Ended June 30, % % 2026 2025 Change 2026 2025 Change Per Diluted Share Net Income $0.97 $3.44 -71.8% $2.62 $6.59 -60.2% Total FFO (1) $3.32 $4.03 -17.6% $7.49 $8.00 -6.4% Core FFO $4.08 $4.03 1.2% $8.15 $8.00 1.9% (1) The decrease is primarily attributable to legal settlements. See page S-3 of the supplemental financial information for details. Second Quarter 2026 Highlights: Reported Net Income per diluted share for the second quarter of 2026 of $0.97, compared to $3.44 in the second quarter of 2025. The decrease is primarily