- Core FFO per Share: Essex Property reported a Core FFO (Funds From Operations) per share of $3.94 for Q2.
- Exceeded Estimates: The reported Core FFO per share of $3.94 beat the year-over-year figure of $3.77 and the estimate of $3.85.
- NOI Change: The Same Property NOI (Net Operating Income) changed by +3%, beating the estimated +2.16%.
- Analyst Ratings: The stock has garnered 7 buy ratings, 17 hold ratings, and 1 sell rating from analysts.
- Conference Call: A conference call is scheduled for 1 p.m. New York time on July 31.
A look at Essex Property Trust Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Essex Property Trust, Inc., a company specializing in residential and commercial properties in California and Washington, holds promising long-term prospects based on its Smartkarma Smart Scores. With a strong momentum score of 5, Essex Property Trust exemplifies a company that is trending positively in the market. Its high scores in both dividend and growth further indicate a solid outlook for investors seeking stable returns and potential for expansion. While its value score is moderate at 3, the overall favorable scores suggest that Essex Property Trust is well-positioned for sustained growth and income generation in the real estate sector.
Despite a resilience score of 2, Essex Property Trust‘s overall Smartkarma Smart Scores paint a positive picture for its future performance. Investors looking for a company with strong dividends, growth potential, and market momentum may find Essex Property Trust an appealing investment opportunity. With a focus on multifamily residential properties, Essex Property Trust‘s strategic approach to property acquisition and management aligns with the favorable scores it has received, indicating a company poised for long-term success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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