Essex Announces First Quarter 2021 Results
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Essex Property Trust (ESS) Tops Q1 EPS by $1.63
April 27, 2021 4:26 PM EDTEssex Property Trust (NYSE: ESS) reported Q1 EPS of $2.59, $1.63 better than the analyst estimate of $0.96.
First Quarter 2021 Highlights:
Reported Net Income per diluted share for the first quarter of 2021 of $2.59, compared to $4.76 in the first quarter of 2020. The decrease is largely attributable to a gain on remeasurement of co-investments recorded in the first quarter of 2020.Core FFO per diluted share declined by 11.8% compared to the first quarter of 2020.Same-property gross revenues and net operating... More