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Essex Property Trust raises full year net income guidance following third quarter earnings

Essex Property Trust raised its full year 2026 net income guidance after reporting third quarter revenue of US$492.69 million and net income of US$98.07 million.

FTMQ Real Estate, written by our newsroom0 views

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Essex Property Trust reported third quarter 2026 revenue of US$492.69 million and net income of US$98.07 million, Simply Wall St reported. Earnings per diluted share from continuing operations reached US$1.52 for the quarter. Nine month net income stood at US$266.72 million. [1]

Following the third quarter performance, the real estate investment trust raised its full year 2026 net income guidance to a range of US$5.62 to US$5.74 per diluted share, according to Simply Wall St. The company also agreed to a US$19.25 million tenant settlement. [1]

The operational results for Essex Property Trust are supported by tight West Coast multifamily supply and technology driven demand in Northern California, Simply Wall St reported. Those regional factors continue to support solid occupancy levels and rental rates. [1]

The earnings report follows previous financial updates from residential real estate investment trusts in the sector. As FTMQ Real Estate reported earlier, Canadian Apartment Properties Real Estate Investment Trust scheduled its third quarter financial results for release on November 4, 2026. [9][10]

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In short

  • Essex Property Trust reported third quarter 2026 revenue of US$492.69 million.
  • Third quarter net income reached US$98.07 million, bringing nine month net income to US$266.72 million.
  • Essex Property Trust raised its full year 2026 net income guidance to between US$5.62 and US$5.74 per diluted share.
  • The REIT agreed to a tenant settlement amounting to US$19.25 million.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]Is Raised Earnings Guidance Altering The Investment Case For Essex Property Trust (ESS)?Simply Wall St, 2d ago (the report this story comes from)
  2. [2]Federal Realty Investment Trust (FRT) Q3 Results Lift FFO OutlookYahoo Finance, 3d ago
  3. [3]Simon Property Group, Inc. $SPG Holdings Lowered by Soltis Investment Advisors LLCMarketBeat, 2d ago
  4. [4]Adamas Trust (ADAM) Stock Price Sinks As Q3 Earnings Expose Book Value HitYahoo Finance, 2d ago
  5. [5]Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) Stock Price, News, Quote & HistoryYahoo! Finance Canada, 3d ago

Background

  1. [6]Generative AI on Wikipedia
  2. [7]Southwest Value Partners on Wikipedia
  3. [8]Trust (law) on Wikipedia
  4. [9]Alexandria Real Estate Equities reports third quarter loss on impairment charges FTMQ Real Estate, 3d ago
  5. [10]CAPREIT will release third quarter financial results after markets close November 4 FTMQ Real Estate, 17d ago

Our newsroom writes these reports with the help of software, from the 10 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

Related from FTMQ Real Estate

Earlier reports of ours on the same people and subjects.

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