Essex Q2 FY26 net income per share drops 71.8% to $0.97; Core FFO per share rises 1.2% to $4.08

Reuters2026/07/29 20:38

By:Reuters

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Essex Property Trust Q2 2026 GAAP net income per diluted share dropped 71.8% to $0.97, citing a prior-year gain on sale of real estate and land.
Q2 core FFO per diluted share rose 1.2% to $4.08, beating the guidance midpoint by $0.10 on higher same-property and non-same-property NOI.
Same-property revenue increased 2.7% in Q2, while same-property NOI climbed 2.6%; financial occupancy edged down 0.2 percentage point to 96.3%.
Full-year core FFO guidance midpoint lifted $0.20 to $16.14 per diluted share; net income midpoint cut $0.29 to $5.58.
Disposed of a co-investment community for $105.3 million; repurchased 48,261 shares for $11.7 million, leaving $500 million authorization.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Essex Property Trust Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202607291615BIZWIRE_USPR_____20260729_BW202303) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Essex Q2 FY26 net income per share drops 71.8% to $0.97; Core FFO per share rises 1.2% to $4.08

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