Essex Property Trust (ESS) Tops Q4 FFO by 13c
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Essex Announces Fourth Quarter 2015 Results and 2016 Guidance
February 4, 2016 4:30 PM ESTSAN MATEO, CA -- (Marketwired) -- 02/04/16 -- Essex Property Trust, Inc. (NYSE: ESS) announced today its fourth quarter 2015 earnings results and related business activities.
Funds from Operations ("FFO") and Net Income per diluted share for the quarter and year ended December 31, 2015 are detailed below. The Company had no merger and integration related expenses in the fourth quarter 2015 and $3.8 million for the year, compared to $7.1 million and $53.5 million of expenses in the prior year periods, respectively. Core FFO excludes merger and integration expenses, acquisition and investment related costs and non-routine items.
---------------------------------------------------------------------------- Three Months Ended Year Ended December 31, % December 31, % 2015 2014... More