Essex Property Trust Raises Full Year Guidance Following Third Quarter Results

Essex Property Trust reported third quarter 2026 revenue of 492.69 million dollars and net income of 98.07 million dollars, Simply Wall St reported. The real estate investment trust generated diluted earnings per share from continuing operations of 1.52 dollars for the quarter. It also released nine month financial results through September 30, 2026. As FTMQ Real Estate reported earlier, nine month net income reached 266.72 million dollars. [1][10]

Following the third quarter results, management raised the full year 2026 net income guidance range to between 5.62 dollars and 5.74 dollars per diluted share, according to Simply Wall St. The company operates a concentrated apartment portfolio across California and the Seattle metropolitan area. Demand in its core markets remains supported by tight housing supply and regional technology employment. [1][7]

Essex Property Trust was founded in 1971 by George M. Marcus and initially focused on apartment investments within California. The trust went public on the New York Stock Exchange in 1994 under the ticker symbol ESS and achieved Dividend Aristocrat status in 2020 after consistently increasing dividend payments. [9]

In 2014, the firm executed a 16 billion dollar merger with BRE Properties, which added apartment assets in the Seattle metropolitan area alongside its primary markets in Southern California and the San Francisco Bay Area. As of September 2025, the trust held ownership interests in 257 apartment communities. [9]