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Compared to Estimates, Essex Property Trust (ESS) Q1 Earnings: A Look at Key Metrics
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Essex Property Trust (ESS - Free Report) reported $484.76 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 4.3%. EPS of $4.06 for the same period compares to $3.16 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $481.39 million, representing a surprise of +0.7%. The company delivered an EPS surprise of +2.6%, with the consensus EPS estimate being $3.96.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: 96.5% versus 96.3% estimated by three analysts on average.
Revenues- Rental and other property: $482.44 million versus $482.52 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.4% change.
Revenues- Management and other fees from affiliates: $2.31 million versus $2.29 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -7.3% change.
Revenues- Total rental and other property revenues- Same-Property Revenues: $442.57 million versus the two-analyst average estimate of $416.13 million.
Revenues- Rental and other property- Other property: $6.63 million versus the two-analyst average estimate of $7.36 million. The reported number represents a year-over-year change of +6.5%.
Revenues- Rental and other property- Rental income: $475.81 million versus the two-analyst average estimate of $479.54 million. The reported number represents a year-over-year change of +4.4%.
Net Earnings Per Share (Diluted): $1.65 versus $1.35 estimated by four analysts on average.
Shares of Essex Property Trust have returned +5.9% over the past month versus the Zacks S&P 500 composite's +12.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Essex Property Trust (ESS) Q1 Earnings: A Look at Key Metrics
Essex Property Trust (ESS - Free Report) reported $484.76 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 4.3%. EPS of $4.06 for the same period compares to $3.16 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $481.39 million, representing a surprise of +0.7%. The company delivered an EPS surprise of +2.6%, with the consensus EPS estimate being $3.96.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 +5.9% over the past month versus the Zacks S&P 500 composite's +12.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.