Essex Property's (ESS) Q4 results reflect improving same-property net operating income. However, this residential REIT provides a lower-than-expected 2023 projection.
Essex Property Trust (ESS) delivered FFO and revenue surprises of 0.80% and 0.87%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
SAN MATEO, Calif., February 07, 2023--Essex Property Trust, Inc. (NYSE: ESS) (the "Company") announced today its fourth quarter and full-year 2022 earnings results and related business activities.