💨 Abstract

Essex Property Trust Inc. reported stronger-than-expected second-quarter results. The company's funds from operations were $4.03 per share, exceeding analyst estimates of $3.99 per share. Revenue also surpassed forecasts at $469.8 million. For the upcoming quarter, Essex anticipates $3.89 to $3.99 per-share funds from operations and projects full-year funds from operations between $15.80 and $16.

Courtesy: WTOP Staff