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Essex Property Trust (ESS) Reports Q2 Earnings: What Key Metrics Have to Say
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Essex Property Trust (ESS - Free Report) reported $469.83 million in revenue for the quarter ended June 2025, representing a year-over-year increase of 6.2%. EPS of $4.03 for the same period compares to $1.45 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $469.19 million, representing a surprise of +0.14%. The company delivered an EPS surprise of +1%, with the consensus EPS estimate being $3.99.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Essex Property Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Financial Occupancies - Same-Property Portfolio: 96.2% versus 96.4% estimated by four analysts on average.
Revenues- Rental and other property: $467.61 million compared to the $465.9 million average estimate based on eight analysts. The reported number represents a change of +6.3% year over year.
Revenues- Management and other fees from affiliates: $2.22 million versus the eight-analyst average estimate of $2.4 million. The reported number represents a year-over-year change of -13.6%.
Revenues- Rental and other property- Rental income: $460.69 million versus $465.6 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.6% change.
Revenues- Rental and other property- Other property: $6.92 million versus $6.36 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -9.4% change.
Net Earnings Per Share (Diluted): $3.44 versus the eight-analyst average estimate of $1.66.
Shares of Essex Property Trust have returned -0.1% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Essex Property Trust (ESS) Reports Q2 Earnings: What Key Metrics Have to Say
Essex Property Trust (ESS - Free Report) reported $469.83 million in revenue for the quarter ended June 2025, representing a year-over-year increase of 6.2%. EPS of $4.03 for the same period compares to $1.45 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $469.19 million, representing a surprise of +0.14%. The company delivered an EPS surprise of +1%, with the consensus EPS estimate being $3.99.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Essex Property Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Essex Property Trust here>>>
Shares of Essex Property Trust have returned -0.1% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.