Essex Property Trust is a publicly traded real estate investment trust (REIT) that specializes in the ownership, operation, and development of residential properties, primarily multifamily apartment communities
The company focuses on high-quality properties located in coastal California and the Pacific Northwest, catering to the growing demand for rental housing in these sought-after markets. Essex employs a strategic approach to property management and development, enhancing tenant experiences through various amenities and community features while actively pursuing sustainability initiatives. Through its portfolio, the company aims to deliver long-term value to its shareholders by generating stable rental income and capital appreciation from its real estate investments.
Essex Property Trust, Inc. (NYSEESS) (“Essex”) announced today that its operating partnership, Essex Portfolio, L.P. (the “Issuer”), priced an underwritten public offering of $400 million aggregate principal amount of 5.375% senior notes due 2035 (the “Notes”). The Notes were priced at 99.604% of par value with a yield to maturity of 5.425%. Interest is payable semiannually at an interest rate per annum of 5.375% on April 1 and October 1 of each year with the first interest payment due October 1, 2025. The Notes mature on April 1, 2035. The Notes will be the senior unsecured obligations of the Issuer and will be fully and unconditionally guaranteed by Essex. The Notes offering is expected to close on February 18, 2025, subject to the satisfaction of certain closing conditions.
Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its fourth quarter and full-year 2024 earnings results and related business activities.
Essex Property Trust, Inc. (NYSEESS) announced today the income tax treatment for its 2024 distributions to shareholders. The 2024 distribution characteristics are as follows:
Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its fourth quarter 2024 earnings after the market closes on Tuesday, February 4, 2025. A conference call with senior management is scheduled for Wednesday, February 5, 2025 at 9:00 a.m. Pacific Time or 12:00 p.m. Eastern Time.
Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.45 per common share, payable January 15, 2025 to shareholders of record as of January 2, 2025.
Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its third quarter 2024 earnings after the market closes on Tuesday, October 29, 2024. A conference call with senior management is scheduled for Wednesday, October 30, 2024 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern Time.
Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.45 per common share, payable October 11, 2024 to shareholders of record as of September 30, 2024.
Goldman Sachs analyst initiated coverage of multifamily and single-family rental REITs with Buy ratings and price targets ranging from $46-$318, citing favorable growth environment and strong demand. UDR was the only stock rated Sell with a price target of $42.
Essex Property Trust, Inc. (NYSEESS) (“Essex”) announced today that its operating partnership, Essex Portfolio, L.P. (the “Issuer”), priced an underwritten public offering of $200 million in additional senior notes due 2034 with a reoffer yield of 5.110% (the “notes”). The notes will be issued as additional notes under the indenture pursuant to which the Issuer previously issued $350 million of 5.500% senior notes due 2034 (the “initial notes”). The notes will be treated as a single series of securities with the initial notes under the indenture and will have the same CUSIP number as, and be fungible with, the initial notes. The notes were priced at 102.871% of par value. Interest is payable semiannually at an interest rate per annum of 5.500% on April 1 and October 1 of each year with the first interest payment due October 1, 2024. The notes mature on April 1, 2034. The notes will be the senior unsecured obligations of the Issuer and will be fully and unconditionally guaranteed by Essex. The notes offering is expected to close on August 21, 2024, subject to the satisfaction of certain closing conditions.
