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Compared to Estimates, Essex Property Trust (ESS) Q2 Earnings: A Look at Key Metrics
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Essex Property Trust (ESS - Free Report) reported $489.05 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 4.1%. EPS of $4.08 for the same period compares to $3.44 a year ago.
The reported revenue represents a surprise of +0.36% over the Zacks Consensus Estimate of $487.32 million. With the consensus EPS estimate being $4.03, the EPS surprise was +1.24%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 96.3% compared to the 96.2% average estimate based on three analysts.
Revenues- Rental and other property: $486.73 million versus $484.55 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.
Revenues- Management and other fees from affiliates: $2.32 million versus the five-analyst average estimate of $2.27 million. The reported number represents a year-over-year change of +4.3%.
Revenues- Total rental and other property revenues- Same-Property Revenues: $446.04 million versus $445.99 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change.
Revenues- Rental and other property- Other property: $7.31 million versus $6.66 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.6% change.
Revenues- Rental and other property- Rental income: $479.42 million versus the two-analyst average estimate of $478.01 million. The reported number represents a year-over-year change of +4.1%.
Net Earnings Per Share (Diluted): $0.97 versus the four-analyst average estimate of $1.40.
Shares of Essex Property Trust have returned +1% over the past month versus the Zacks S&P 500 composite's +1.9% 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.
View the Zacks #1 Rank List
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Compared to Estimates, Essex Property Trust (ESS) Q2 Earnings: A Look at Key Metrics
Essex Property Trust (ESS - Free Report) reported $489.05 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 4.1%. EPS of $4.08 for the same period compares to $3.44 a year ago.
The reported revenue represents a surprise of +0.36% over the Zacks Consensus Estimate of $487.32 million. With the consensus EPS estimate being $4.03, the EPS surprise was +1.24%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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 +1% over the past month versus the Zacks S&P 500 composite's +1.9% 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.