NYSE$ESS

Essex Property Trust Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Essex Property Trust Inc reported Q2 2025 results with net income of $231.5 million and FFO of $268.8 million.

The company achieved 3.2% same-property revenue growth driven by 2.4% higher average rents and lower delinquencies. Earnings from operations reached $279.7 million, supported by a $126.2 million gain on the sale of Essex Skyline. Portfolio occupancy remained stable at 96.2% across 55,148 stabilized homes.

  • Same-property revenues rose 3.2% year-over-year to $410.9 million.
  • Net income available to common stockholders totaled $221.4 million or $3.44 per diluted share.
  • FFO attributable to common stockholders and unitholders was $268.8 million or $4.03 per diluted share.
  • Acquired five communities totaling 1,039 homes and disposed of two assets for $366.6 million during the quarter.

Headline financials

Total Revenue

$470M

Previous: $442M+6.2%
EPS (adj)

$3.44

Previous: $1.45+137.2%
FFO

$269M

Previous: $259M+3.9%
Same-Property Revenue Growth

3.2%

No prior period
Same-Property NOI Growth

3.3%

No prior period
Financial Occupancy

96.2%

No prior period
Total Apartment Homes

62.8K

No prior period
Capital Expenditures

-$602M

Previous: -$492M-22.3%
Net Income

$232M

Previous: $99M+133.9%
Operating Income

$280M

Previous: $137M+103.5%

Revenue & EPS history

Essex Property Trust · Revenue · Quarterly

$470M

Q2 2025+6.2%vs Q2 2024
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+0.3%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+2.1%

Avg return

30 days after

52%

35 / 67 earnings

Positive

+6.9%

Q2 2016

Best reaction

-6.3%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-0.9%-1.2%+1.9%
Q4 2025-0.4%+3.9%+1.0%
Q3 2025+1.2%+3.8%+6.7%
Q1 2025+1.5%+4.8%+3.2%
Q4 2024+3.0%+1.4%+5.1%
Q3 2024-1.9%-7.6%+4.4%
Q2 2024-2.7%-1.5%+4.2%
Q1 2024-1.0%+0.9%+3.1%
Q4 2023-0.6%-0.2%+5.3%
Q3 2023-1.8%+1.7%+2.1%
Q2 2023-0.9%+1.9%-0.9%
Q1 2023+6.7%+5.4%+2.1%
Q4 2022+3.8%+3.2%-0.0%
Q3 2022-6.3%-6.0%-10.1%
Q2 2022+1.3%+4.6%+3.6%
Q1 2022-1.8%-5.4%-18.7%
Q4 2021-0.5%-2.5%+2.6%
Q3 2021+2.1%+1.5%+6.7%
Q2 2021-0.9%-1.0%-3.1%
Q1 2021-3.3%-2.1%-1.8%
Q4 2020+4.0%+4.5%+6.7%
Q3 2020+1.1%+11.1%+28.0%
Q2 2020-2.9%+1.1%+0.1%
Q1 2020+1.9%-0.7%+7.4%
Q4 2019+1.2%+1.0%-8.1%
Q3 2019-1.4%-2.3%-6.1%
Q2 2019+1.0%+4.1%+6.6%
Q1 2019+0.5%+0.3%+5.1%
Q4 2018+0.9%+2.1%+3.8%
Q3 2018+3.1%-0.0%+5.0%
Q2 2018-2.6%+1.0%+2.4%
Q1 2018-1.0%+0.3%-1.0%
Q4 2017-0.2%+4.1%+8.5%
Q3 2017-3.3%-3.3%-5.9%
Q2 2017-0.9%-1.5%-0.6%
Q1 2017+1.4%+3.1%+6.3%
Q4 2016+0.6%+1.0%+4.0%
Q3 2016+0.9%+2.8%+2.6%
Q2 2016+6.9%+5.8%+1.5%
Q1 2016-1.9%
Q4 2015-3.7%
Q3 2015-1.2%
Q2 2015+1.1%
Q1 2015+2.2%
Q4 2014+0.9%
Q3 2014+3.0%
Q2 2014-0.6%
Q1 2014+2.0%
Q4 2013+3.6%
Q3 2013-0.8%
Q2 2013-1.9%
Q1 2013-1.4%
Q4 2012+0.6%
Q3 2012-1.1%
Q2 2012-0.7%
Q1 2012+1.3%
Q4 2011-1.8%
Q3 2011+0.4%
Q2 2011+3.4%
Q1 2010+2.8%
Q1 2011+2.4%
Q4 2010+5.3%
Q4 2008+5.3%
Q3 2010-2.7%
Q3 2009-2.7%
Q2 2009+0.8%
Q2 2010+0.8%

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