Essex (ESS) Exceeds Q1 2026 Earnings Guidance with Strong Core FFO and Revenue Growth
Essex (ESS) exceeded its Q1 2026 core FFO per share guidance by $0.11, driven by higher revenue, lower operating expenses, and contributions from non-same-property investments. Same-property revenue rose 2.9% year-over-year, and occupancy increased 20 basis points year-over-year, with April financial occupancy at 96.4%. The company also noted cap rate compression in the Bay Area and share repurchases of $62 million.
Tickers: $ESS
Topics: Cap Rates Earnings FFO Occupancy Revenue Share Repurchases