Essex Property Trust Q3 2025 Earnings Release

Essex Property Trust, Inc. announced its financial results for the third quarter of 2025, reporting a net income of $2.56 per diluted share, a 39.1% increase from the same period in 2024. The company also reported Core FFO of $3.97 per diluted share, a 1.5% increase year-over-year. Key highlights include same-property revenue growth of 2.7% and NOI growth of 2.4%. The company acquired one apartment community for $100 million and disposed of three communities for a total of $244.7 million. Additionally, Essex raised its full-year 2025 guidance for net income and Core FFO. The company will host an earnings conference call on October 30, 2025, to discuss the results.