Articles from Essex Property Trust, Inc.

Essex Property Trust, Inc. (NYSEESS) announced today that Angela L. Kleiman, President and CEO, will be participating in a roundtable presentation at the 2025 Citigroup Global Property CEO Conference held in Hollywood, FL on Monday, March 3, 2025 at 4:20 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has approved a 4.9% increase to its annual cash dividend. This represents the Company’s 31st consecutive annual dividend increase. The Board of Directors has declared a first quarter dividend of $2.57 per share, payable on April 15, 2025 to shareholders of record as of March 31, 2025. On an annualized basis, the dividend represents a distribution of $10.28 per common share.

Essex Property Trust, Inc. (NYSEESS) (“Essex”) announced today that its operating partnership, Essex Portfolio, L.P. (the “Issuer”), priced an underwritten public offering of $400 million aggregate principal amount of 5.375% senior notes due 2035 (the “Notes”). The Notes were priced at 99.604% of par value with a yield to maturity of 5.425%. Interest is payable semiannually at an interest rate per annum of 5.375% on April 1 and October 1 of each year with the first interest payment due October 1, 2025. The Notes mature on April 1, 2035. The Notes will be the senior unsecured obligations of the Issuer and will be fully and unconditionally guaranteed by Essex. The Notes offering is expected to close on February 18, 2025, subject to the satisfaction of certain closing conditions.

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its fourth quarter and full-year 2024 earnings results and related business activities.

Essex Property Trust, Inc. (NYSEESS) announced today the income tax treatment for its 2024 distributions to shareholders. The 2024 distribution characteristics are as follows:

Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its fourth quarter 2024 earnings after the market closes on Tuesday, February 4, 2025. A conference call with senior management is scheduled for Wednesday, February 5, 2025 at 9:00 a.m. Pacific Time or 12:00 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.45 per common share, payable January 15, 2025 to shareholders of record as of January 2, 2025.

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its third quarter 2024 earnings results and related business activities.

Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its third quarter 2024 earnings after the market closes on Tuesday, October 29, 2024. A conference call with senior management is scheduled for Wednesday, October 30, 2024 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.45 per common share, payable October 11, 2024 to shareholders of record as of September 30, 2024.

Essex Property Trust, Inc. (NYSEESS) (“Essex”) announced today that its operating partnership, Essex Portfolio, L.P. (the “Issuer”), priced an underwritten public offering of $200 million in additional senior notes due 2034 with a reoffer yield of 5.110% (the “notes”). The notes will be issued as additional notes under the indenture pursuant to which the Issuer previously issued $350 million of 5.500% senior notes due 2034 (the “initial notes”). The notes will be treated as a single series of securities with the initial notes under the indenture and will have the same CUSIP number as, and be fungible with, the initial notes. The notes were priced at 102.871% of par value. Interest is payable semiannually at an interest rate per annum of 5.500% on April 1 and October 1 of each year with the first interest payment due October 1, 2024. The notes mature on April 1, 2034. The notes will be the senior unsecured obligations of the Issuer and will be fully and unconditionally guaranteed by Essex. The notes offering is expected to close on August 21, 2024, subject to the satisfaction of certain closing conditions.

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its second quarter 2024 earnings results and related business activities.

Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its second quarter 2024 earnings after the market closes on Tuesday, July 30, 2024. A conference call with senior management is scheduled for Wednesday, July 31, 2024 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.45 per common share, payable July 12, 2024 to shareholders of record as of June 28, 2024.

Essex Property Trust, Inc. (NYSEESS) announces the publication of its 2023 Environmental, Social, and Governance (“ESG”) Report which highlights the Company’s notable progress towards its goals introduced in its 2022 ESG Report, improved benchmark scores, and our recent commitment to setting science-based, near-term greenhouse gas (“GHG”) reduction targets through the Science Based Targets initiative (“SBTi”).

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its first quarter 2024 earnings results and related business activities.

Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its first quarter 2024 earnings after the market closes on Tuesday, April 30, 2024. A conference call with senior management is scheduled for Wednesday, May 1, 2024 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today that it acquired its joint venture partner’s 49.9% interest in the BEXAEW portfolio for a total purchase price of $505.0 million on a gross basis. The seller’s cap rate is approximately 5.25%; however, after incorporating additional economic benefits by fully integrating this portfolio into our operating platform, we estimate a 5.9% year-one yield. Concurrent with closing, the Company repaid $219.9 million of debt encumbering the properties and consolidated the communities on the Company’s financials. The portfolio is comprised of four properties totaling 1,480 apartment homes. The portfolio generated an 11.4% IRR and the Company will recognize approximately $1.5 million in promote income, which will be excluded from Core FFO.

Essex Property Trust, Inc. (NYSEESS) (“Essex”) announced today that its operating partnership, Essex Portfolio, L.P. (the “Issuer”), priced an underwritten public offering of $350 million aggregate principal amount of 5.500% senior notes due 2034 (the “Notes”). The Notes were priced at 99.752% of par value with a yield to maturity of 5.532%. Interest is payable semiannually at an interest rate per annum of 5.500% on April 1 and October 1 of each year with the first interest payment due October 1, 2024. The Notes mature on April 1, 2034. The Notes will be the senior unsecured obligations of the Issuer and will be fully and unconditionally guaranteed by Essex. The Notes offering is expected to close on March 14, 2024, subject to the satisfaction of certain closing conditions.

Essex Property Trust, Inc. (NYSEESS) announced today that Angela L. Kleiman, President and CEO, will be participating in a roundtable presentation at the 2024 Citigroup Global Property CEO Conference held in Hollywood, FL on Tuesday, March 5, 2024, at 11:40 a.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has approved a 6.1% increase to its annual cash dividend. This represents the Company’s 30th consecutive annual dividend increase. The Board of Directors has declared a first quarter dividend of $2.45 per share, payable on April 12, 2024 to shareholders of record as of March 29, 2024. On an annualized basis, the dividend represents a distribution of $9.80 per common share.

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its fourth quarter and full-year 2023 earnings results and related business activities.

Essex Property Trust, Inc. (NYSEESS) announced today the income tax treatment for its 2023 distributions to shareholders. The 2023 distribution characteristics are as follows:

Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its fourth quarter 2023 earnings after the market closes on Tuesday, February 6, 2024. A conference call with senior management is scheduled for Wednesday, February 7, 2024 at 11:00 a.m. Pacific Time or 2:00 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.31 per common share, payable January 12, 2024 to shareholders of record as of January 2, 2024.

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its third quarter 2023 earnings results and related business activities.

Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its third quarter 2023 earnings after the market closes on Thursday, October 26, 2023. A conference call with senior management is scheduled for Friday, October 27, 2023 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.31 per common share, payable October 13, 2023 to shareholders of record as of September 29, 2023.

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its second quarter 2023 earnings results and related business activities.

Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its second quarter 2023 earnings after the market closes on Thursday, July 27, 2023. A conference call with senior management is scheduled for Friday, July 28, 2023 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.31 per common share, payable July 14, 2023 to shareholders of record as of June 30, 2023.

Essex Property Trust, Inc. (NYSEESS) announces the publication of its 2022 Environmental, Social, and Governance (“ESG”) Report which recognizes the Company’s many ESG achievements to date as well as establishes an ambitious new set of goals that will shape the Company’s ESG priorities over the next decade.

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its first quarter 2023 earnings results and related business activities.

Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its first quarter 2023 earnings after the market closes on Thursday, April 27, 2023. A conference call with senior management is scheduled for Friday, April 28, 2023 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today that Michael J. Schall, President and CEO, will be participating in a roundtable presentation at the 2023 Citigroup Global Property CEO Conference held in Hollywood, FL on Monday, March 6, 2023, at 4:20 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has approved a 5.0% increase to its annual cash dividend. This represents the Company’s 29th consecutive annual dividend increase. The Board of Directors has declared a first quarter dividend of $2.31 per share, payable on April 14, 2023 to shareholders of record as of March 31, 2023. On an annualized basis, the dividend represents a distribution of $9.24 per common share.

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its fourth quarter and full-year 2022 earnings results and related business activities.

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today that it has been named to Newsweek’s 2023 list of America’s Most Responsible Companies in addition to being recognized in the 2023 Bloomberg Gender-Equality Index.

Essex Property Trust, Inc. (NYSEESS) announced today the income tax treatment for its 2022 distributions to shareholders. The 2022 distribution characteristics are as follows:

Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its fourth quarter 2022 earnings after the market closes on Tuesday, February 7, 2023. A conference call with senior management is scheduled for Wednesday, February 8, 2023 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.20 per common share, payable January 13, 2023 to shareholders of record as of January 3, 2023.

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its third quarter 2022 earnings results and related business activities.

Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its third quarter 2022 earnings after the market closes on Wednesday, October 26, 2022. A conference call with senior management is scheduled for Thursday, October 27, 2022 at 11:00 a.m. Pacific Time or 2:00 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today the planned retirement of Michael J. Schall, the Company’s President and CEO since 2011, effective March 31, 2023. Thereafter, Mr. Schall will continue to serve on the Company’s Board of Directors and will remain on as a part-time employee. The Board of Directors has appointed Angela L. Kleiman, the Company’s Senior Executive Vice President and Chief Operating Officer, to succeed Mr. Schall as President and CEO.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.20 per common share, payable October 14, 2022 to shareholders of record as of September 30, 2022.

Essex Property Trust, Inc. (NYSEESS) announced today that the Essex Executive Team will participate in a roundtable presentation at the Bank of America Global Real Estate Conference on Wednesday, September 14, 2022, at 1:25 p.m. Eastern Time. To listen to the presentation please visit the webcast link on the Investors section of the Company’s website at www.essex.com. An archive of the webcast will be available for ninety days following the event.

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its second quarter 2022 earnings results and related business activities. Net Income, Funds from Operations (“FFO”), and Core FFO per diluted share for the three and six months ended June 30, 2022 are detailed below.

Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its second quarter 2022 earnings after the market closes on Tuesday, July 26, 2022. A conference call with senior management is scheduled for Wednesday, July 27, 2022 at 11:00 a.m. Pacific Time or 2:00 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today that it has published its June 2022 Investor Presentation with an update to its 2022 MSA Level Forecast. As a result of improving market conditions, the Company increased its second quarter and full-year guidance for Core FFO per share and full-year guidance for same-property revenues and net operating income. The revised midpoint for all metrics now exceeds the high-end of the prior ranges. Additional details can be found in the updated Investor Presentation which can be accessed on the Investors section of the Company’s website at www.essex.com.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.20 per common share, payable July 15, 2022 to shareholders of record as of June 30, 2022.

Essex Property Trust, Inc. (NYSEESS) announces the publication of its 2021 Corporate Social Responsibility (CSR) Report, summarizing the Company’s ongoing progress and accomplishments in Environmental, Social, and Governance (“ESG”) through 2021.

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its first quarter 2022 earnings results and related business activities.

Essex Property Trust, Inc. (NYSEESS) announced it has co-launched a new Environmental, Social and Governance (ESG) focused “Housing Impact Fund” (“the Fund”) with UDR, Inc (“UDR”) to be managed by RET Ventures (“RET”), a venture capital firm focused on technology for the multifamily, single-family and broader real estate asset classes. Essex has committed $10 million to the new fund. The investment vehicle will support the growth and successful implementation of ESG solutions for the housing industry, including technologies that improve both the environmental and social outcomes of new developments and existing properties.

Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its first quarter 2022 earnings after the market closes on Tuesday, April 26, 2022. A conference call with senior management is scheduled for Wednesday, April 27, 2022 at 11:00 a.m. Pacific Time or 2:00 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced the release of its 2021 Task Force on Climate-Related Financial Disclosures (“TCFD”) report. This report is a supplement to our upcoming 2021 Corporate Social Responsibility (“CSR”) report to be published in May 2022.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has approved a 5.3% increase to its annual cash dividend. This represents the 28th consecutive annual dividend increase. The Board of Directors has declared a first quarter dividend of $2.20 per share, payable on April 14, 2022 to shareholders of record as of March 31, 2022. On an annualized basis, the dividend represents a distribution of $8.80 per common share.

Essex Property Trust, Inc. (NYSEESS) announced today its fourth quarter and full-year 2021 earnings results and related business activities.

Essex Property Trust, Inc. (NYSEESS) announced today that it is one of 418 companies across 45 countries and regions to join the 2022 Bloomberg Gender-Equality Index (GEI), a modified market capitalization-weighted index that aims to track the performance of public companies committed to transparency in gender-data reporting. This reference index measures gender equality across five pillars: female leadership & talent pipeline, equal pay & gender pay parity, inclusive culture, anti-sexual harassment policies, and pro-women brand.

Essex Property Trust, Inc. (NYSEESS) announced today the income tax treatment for its 2021 distributions to shareholders. The 2021 distribution characteristics are as follows:

Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its fourth quarter 2021 earnings after the market closes on Wednesday, February 2, 2022. A conference call with senior management is scheduled for Thursday, February 3, 2022 at 11:00 a.m. Pacific Time or 2:00 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today that it has been named to Newsweek’s list of America’s Most Responsible Companies 2022, improving 201 spots from the prior year’s list. Essex ranked 2nd among multifamily REITs, 7th in the Real Estate & Housing industry and 105th out of 500 companies. The full list of companies can be found at https://www.newsweek.com/americas-most-responsible-companies-2022.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.09 per common share, payable January 14, 2022 to shareholders of record as of January 3, 2022.

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its third quarter 2021 earnings results and related business activities.

Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its third quarter 2021 earnings after the market closes on Tuesday, October 26, 2021. A conference call with senior management is scheduled for Wednesday, October 27, 2021 at 11:00 a.m. Pacific Time or 2:00 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced today that its President and CEO, Michael J. Schall, will participate in a roundtable discussion at the Bank of America Securities 2021 Global Real Estate Conference on Tuesday, September 21, 2021 at 11:15 a.m. Eastern Time. Additionally, the Company has published an updated September 2021 Investor Presentation which can be accessed on the Investors section of the Company’s website at www.essex.com.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.09 per common share, payable October 15, 2021 to shareholders of record as of September 30, 2021.

Essex Property Trust, Inc. (NYSEESS) announced today that it is reaffirming its full-year and third quarter 2021 guidance ranges and providing a preliminary third quarter 2021 operating update.

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its second quarter 2021 earnings results and related business activities.

Essex Property Trust, Inc. (NYSEESS) announced today that it plans to release its second quarter 2021 earnings after the market closes on Thursday, July 29, 2021. A conference call with senior management is scheduled for Friday, July 30, 2021 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern Time.

Essex Property Trust, Inc. (NYSEESS) announced that the Company has joined the CEO Action for Diversity & Inclusion Pledge. In joining the pledge, the Company is committed to further improving diversity and inclusion within Essex and the business community.

Essex Property Trust, Inc. (NYSEESS) announced today that it has published an updated Investor Presentation and increased its second quarter and full-year guidance for Core FFO and full-year guidance for same-property revenues and net operating income as a result of improving market conditions. Additional details can be found in the updated Investor Presentation which can be accessed on the Investors section of the Company’s website at www.essex.com.

Essex Property Trust, Inc. (NYSEESS) announced today that its operating partnership, Essex Portfolio, L.P. (the “Issuer”), priced an underwritten public offering of $300 million aggregate principal amount of 2.550% senior notes due 2031 (the “Notes”). The Notes were priced at 99.367% of par value with a yield to maturity of 2.622%. Interest is payable semiannually at an interest rate per annum of 2.550% on June 15 and December 15 of each year with the first interest payment due December 15, 2021. The Notes mature on June 15, 2031. The Notes will be the senior unsecured obligations of the Issuer and will be fully and unconditionally guaranteed by Essex Property Trust, Inc. The Notes offering is expected to close on June 1, 2021, subject to the satisfaction of certain closing conditions.

Essex Property Trust, Inc. (NYSEESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.09 per common share, payable July 15, 2021 to shareholders of record as of June 30, 2021.

Essex Property Trust, Inc. (NYSEESS) is pleased to publish its 2020 Corporate Social Responsibility (CSR) Report, recognizing the Company’s many Environmental, Social, and Governance (ESG) achievements over the past 27 years as a public company. This year’s CSR report also highlights the Company’s achievement of a zero percent gender pay gap and its multifaceted response to the COVID-19 pandemic, including protocols focused on employee safety and assistance to residents experiencing catastrophic hardship as a result of the pandemic.

Essex Property Trust, Inc. (NYSEESS) (the “Company”) announced today its first quarter 2021 earnings results and related business activities.