Moody's Ratings (Moody's) today assigned a Prime-2 commercial paper rating to the $750 million senior unsecured commercial paper (CP) note program of Essex Portfolio, L.P. ("Essex"). We also affirmed Essex's issuer rating and backed senior unsecured rating at Baa1. The rating outlook remains stable....
SAN MATEO, Calif.--(BUSINESS WIRE)-- Essex Property Trust, Inc. (NYSE:ESS) 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. To listen to the panel, please visit the webcast link under the latest events section of the Company’s Investors website at . An archive of the webcast will be available for thirty days following the event. A copy of any materials provided by the Company at the conference can be obtain...
SAN MATEO, Calif.--(BUSINESS WIRE)-- Essex Property Trust, Inc. (NYSE:ESS) 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. The Annual Meeting of Shareholders will be held virtually on Tuesday, May 13, 2025 at 10:00 a.m. Pacifi...
SAN MATEO, Calif.--(BUSINESS WIRE)-- Essex Property Trust, Inc. (NYSE:ESS) (“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 t...
SAN MATEO, Calif.--(BUSINESS WIRE)-- Essex Property Trust, Inc. (NYSE:ESS) (the “Company”) announced today its fourth quarter and full-year 2024 earnings results and related business activities. Net Income, Funds from Operations (“FFO”), and Core FFO per diluted share for the three and twelve months ended December 31, 2024 are detailed below. Three Months Ended December 31, Twelve Months Ended December 31, % % 2024 2023 Change 2024 2023 Change Per Diluted Share ...
SAN MATEO, Calif.--(BUSINESS WIRE)-- Essex Property Trust, Inc. (NYSE:ESS) announced today the income tax treatment for its 2024 distributions to shareholders. The 2024 distribution characteristics are as follows: Common Stock – CUSIP Number 297178105: Record Payment Cash Distribution Ordinary Taxable Qualified Return of Capital Gain Unrecaptured Section 1250 Capital Gain Section 199A Section 897 Date Date Per Share Dividend Dividend Capital (20% rate) (25% rate) Dividend ...
SAN MATEO, Calif.--(BUSINESS WIRE)-- Essex Property Trust, Inc. (NYSE:ESS) 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. The fourth quarter conference call is open to everyone and can be accessed by: Internet: Go to ; click on Investors and the fourth quarter earnings webcast. Phone: Dial toll-free, (877) 407-0784, or toll/international, (201) 689-8560. No passcode is n...
Moody's Ratings (Moody's) has completed a periodic review of the ratings of Essex Portfolio, L.P. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 17 December 2024 in which we reassessed the appropriateness of the ratings in the co...
SAN MATEO, Calif.--(BUSINESS WIRE)-- Essex Property Trust, Inc. (NYSE:ESS) 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. About Essex Property Trust, Inc. Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 254 apartment communities compr...
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