For the quarter ended September 2024, Essex Property Belief (ESS) reported income of $450.7 million, up 7.5% over the identical interval final yr. EPS got here in at $3.91, in comparison with $1.36 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $445.88 million, representing a shock of +1.08%. The corporate delivered an EPS shock of +0.77%, with the consensus EPS estimate being $3.88.
Whereas traders carefully watch year-over-year modifications in headline numbers — income and earnings — and the way they evaluate to Wall Road expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
Since these metrics play an important function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher venture a inventory’s worth efficiency.
Right here is how Essex Property Belief carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Monetary Occupancies – Identical-Property Portfolio: 96.2% in comparison with the 96.3% common estimate primarily based on 4 analysts.
- Revenues- Rental and different property: $448.14 million versus the nine-analyst common estimate of $442.96 million. The reported quantity represents a year-over-year change of +7.6%.
- Revenues- Administration and different charges from associates: $2.56 million in comparison with the $2.62 million common estimate primarily based on 9 analysts. The reported quantity represents a change of -8% yr over yr.
- Rental and different property revenues- Identical-property income: $413.21 million versus the two-analyst common estimate of $414.89 million. The reported quantity represents a year-over-year change of +3.7%.
- Income- Rental and different property- Different property: $7.49 million in comparison with the $7.82 million common estimate primarily based on two analysts. The reported quantity represents a change of +25.6% yr over yr.
- Income- Rental and different property- Rental revenue: $440.65 million versus $442.24 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a +7.4% change.
- Web Earnings Per Share (Diluted): $1.84 in comparison with the $1.33 common estimate primarily based on 9 analysts.
View all Key Company Metrics for Essex Property Trust here>>>
Shares of Essex Property Belief have returned +1.4% over the previous month versus the Zacks S&P 500 composite’s +1.7% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it might carry out according to the broader market within the close to time period.
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Essex Property Trust, Inc. (ESS) : Free Stock Analysis Report
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